Hodges Frank, Author at Plat-For-Fund https://fundplatform.io/author/frank-hodges/ Blockchain and cryptocurrency courses Wed, 29 May 2024 13:19:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://fundplatform.io/wp-content/uploads/2023/01/cropped-man-g953239810_640-32x32.png Hodges Frank, Author at Plat-For-Fund https://fundplatform.io/author/frank-hodges/ 32 32 Cybersecurity Certifications for Beginners https://fundplatform.io/cybersecurity-certifications-for-beginners/ Wed, 29 May 2024 13:19:09 +0000 https://fundplatform.io/?p=183 Cybersecurity has become paramount for individuals and organizations in our increasingly digital world. As cyber threats evolve in complexity and scale, the demand for skilled cybersecurity professionals continues to grow. For beginners looking to enter this field, acquiring a cybersecurity certification can be a significant first step. This article aims to guide aspiring cybersecurity professionals […]

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Cybersecurity has become paramount for individuals and organizations in our increasingly digital world. As cyber threats evolve in complexity and scale, the demand for skilled cybersecurity professionals continues to grow. For beginners looking to enter this field, acquiring a cybersecurity certification can be a significant first step. This article aims to guide aspiring cybersecurity professionals through choosing and obtaining the right certifications to kickstart their careers.

Understanding Cybersecurity Certifications

Cybersecurity certifications are formal validations of an individual’s skills and knowledge in various aspects of information security. Organizations and institutions offer these certifications to assess a candidate’s proficiency in preventing, detecting, and responding to cybersecurity threats. They range from vendor-neutral, covering general principles applicable across various technologies, to vendor-specific certifications focusing on tools and products from specific companies.

Why Pursue Cybersecurity Certifications?

Certifications serve as a benchmark for skills and knowledge in the cybersecurity industry. They can open doors to new job opportunities, pave the way for career advancement, and potentially lead to higher salaries. Beyond these practical benefits, certifications also help professionals build credibility, demonstrate commitment to the field, and stay current with evolving industry standards and practices.

Assessing Your Starting Point

Before diving into certifications, assessing your current skills and experience is crucial. Cybersecurity encompasses a range of roles, from ethical hackers to security analysts. Understanding your interests and career aspirations will help you choose a certification path that aligns with your goals.

Top Cybersecurity Certifications for Beginners

  1. CompTIA Security+: A widely recognized entry-level certification, Security+ covers essential network security and risk management principles. It’s ideal for individuals with basic IT knowledge seeking to transition into cybersecurity.
  2. Cisco’s CCNA Security: Focused on network security, this certification suits those interested in securing Cisco networks. It provides a solid foundation in core security concepts.
  3. (ISC)² Systems Security Certified Practitioner (SSCP): Targeting IT administrators and managers, SSCP covers areas like data security and risk identification, appealing to those with IT experience.
  4. EC-Council Certified Ethical Hacker (CEH): For those intrigued by the mindset of a hacker, CEH offers insights into penetration testing and the tactics used by malicious hackers, presented in an ethical framework.
  5. Microsoft Certified: Security, Compliance, and Identity Fundamentals: This certification is perfect for beginners interested in Microsoft security solutions, covering fundamentals across various Microsoft products.

Preparing for Your Certification

Choosing between self-study and formal training depends on your learning style and resources. Study materials, such as official guides, online courses, and forums, can support your preparation. Practice exams and study groups are also invaluable for reinforcing knowledge and managing study time effectively.

Beyond Certification: Building a Cybersecurity Career

Earning a certification is just the beginning. Gaining practical experience through internships or projects, networking within the cybersecurity community, and engaging in continuous learning through advanced certifications or specialized courses are crucial for career development.

Summary

Embarking on the path to earning a cybersecurity certification marks a significant milestone for beginners aspiring to carve out a niche in the cybersecurity domain. This journey, while challenging, offers an invaluable opportunity to lay a solid foundation in a field that is not only rapidly evolving but also critically important in today’s digital-centric world. As cybersecurity threats become more sophisticated and pervasive, the skills and knowledge acquired through these certifications become indispensable assets in the arsenal of any IT professional.

Obtaining a cybersecurity certification is more than just an academic endeavor; it’s a practical step toward establishing oneself in a community dedicated to safeguarding information and infrastructure. It signifies a commitment to continuous learning and adaptation, essential traits in a field where new threats and technologies emerge quickly. Moreover, these certifications are a testament to one’s dedication and expertise, enhancing credibility with employers and peers.

However, it’s crucial to remember that obtaining a certification is just the beginning of what should be a lifelong journey of education and professional development. The cybersecurity landscape is dynamic, with new challenges and solutions emerging regularly. Thus, continuous learning through further certifications, hands-on experience, and staying abreast of the latest industry trends is vital.

For beginners, navigating the plethora of available cybersecurity certifications can be daunting. Yet, by aligning one’s certification choice with career goals and interests, individuals can ensure that their efforts are rewarding and strategically aligned with their professional aspirations. Whether one’s interests lie in network security, ethical hacking, or securing cloud environments, there is a certification that serves as a gateway to that specialty.

In conclusion, while achieving a cybersecurity certification can be rigorous, the benefits—from enhanced career opportunities to a deeper understanding of critical security concepts—are profound. Aspiring cybersecurity professionals should view these certifications as foundational to becoming integral players in defending against tomorrow’s digital threats. By embracing continuous learning and staying engaged with the cybersecurity community, individuals can advance their careers and contribute significantly to a safer digital world for everyone.

Additional Resources

For further exploration, consider resources like “Cybersecurity for Beginners” by Raef Meeuwisse and “Cybersecurity – Attack and Defense Strategies” by Yuri Diogenes and Erdal Ozkaya. Websites like HotCoinPost.io offer insights into the intersection of cybersecurity and emerging technologies, providing a broader perspective on the field’s evolving landscape.

FAQs

Q: How long does preparing for a cybersecurity certification take? A: Preparation time varies based on the certification and the individual’s background. Typically, it ranges from a few weeks to several months.

Q: Can I pursue cybersecurity certifications without an IT background? A: Some entry-level certifications are designed for individuals new to IT or cybersecurity. However, basic IT knowledge is beneficial.

By following this guide, beginners can navigate the path to obtaining their first cybersecurity certification, setting a solid foundation for a career in safeguarding digital environments against evolving threats.

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Unveiling the Cutting-Edge Blockchain Technology Trends of 2023 https://fundplatform.io/unveiling-the-cutting-edge-blockchain-technology-trends-of-2023/ Tue, 12 Sep 2023 14:10:55 +0000 https://fundplatform.io/?p=163 The blockchain landscape is in a constant state of evolution, with 2023 poised to be a pivotal year. As the digital universe expands its horizons, blockchain technology remains at the forefront of innovation, and a flurry of remarkable trends is set to define the year. In this exploration of the most extraordinary and avant-garde trends […]

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The blockchain landscape is in a constant state of evolution, with 2023 poised to be a pivotal year. As the digital universe expands its horizons, blockchain technology remains at the forefront of innovation, and a flurry of remarkable trends is set to define the year. In this exploration of the most extraordinary and avant-garde trends in blockchain for 2023, we delve into the intricate web of decentralized ecosystems, quantum-resistant security, metaverse convergence, and the blossoming NFT renaissance.

Quantum-Resistant Security: A Quantum Leap in Blockchain Fortification

Imagine a world where the computational power of quantum computers poses an existential threat to the cryptographic underpinnings of blockchain technology. In 2023, quantum-resistant security solutions will emerge as the guardian angels of blockchain networks. Utilizing lattice-based cryptography, multivariate polynomial cryptography, and other esoteric cryptographic techniques, blockchain developers will fortify their systems against the hypothetical quantum onslaught.

The emergence of quantum-resistant blockchain technology will ensure the long-term viability of cryptographic assets. This newfound security will not only protect digital currencies but also safeguard the sensitive data that underlies various blockchain applications, from healthcare to supply chain management.

The Metaverse Nexus: Where Blockchain and Virtual Realities Collide

The metaverse, an immersive digital realm where virtual and augmented realities converge, will intertwine with blockchain technology in a dazzling display of innovation. Blockchain-powered digital assets will become the lifeblood of the metaverse, enabling users to seamlessly transport their virtual belongings across different metaverse platforms.

Blockchain will provide the backbone for verifying the authenticity and ownership of virtual real estate, wearables, and digital art within this sprawling, interconnected cosmos. Metaverse participants will use blockchain-based tokens for in-game purchases, virtual property trading, and even unique avatar customizations, ushering in a new era of ownership and interaction in the digital realm.

DeFi 2.0: Decentralized Finance Reimagined

DeFi (Decentralized Finance) witnessed meteoric growth in 2022, but 2023 promises an evolutionary leap towards DeFi 2.0. This iteration will redefine the financial landscape with novel concepts such as algorithmic stablecoins, decentralized autonomous organizations (DAOs) with AI governance, and self-executing smart contracts that automatically adjust to market conditions.

DeFi 2.0 will embrace unconventional assets like data streams, intellectual property, and even carbon credits, making it a multifaceted financial juggernaut. Automated yield optimization, risk assessment, and portfolio management will become commonplace, democratizing access to advanced financial services and leveling the playing field for investors worldwide.

The Dawn of Regulatory Clarity

In the labyrinthine world of blockchain regulation, 2023 is poised to deliver unprecedented clarity. Governments, in a bid to foster blockchain innovation while ensuring consumer protection, will unveil comprehensive regulatory frameworks. These frameworks will delineate how blockchain and cryptocurrencies are treated for tax purposes, establish compliance standards for ICOs and token offerings, and facilitate international cooperation to combat fraud and money laundering.

This regulatory clarity will provide a stable foundation for blockchain projects and investors, reducing uncertainty and fostering responsible growth within the industry. As a result, traditional financial institutions will be more inclined to integrate blockchain technology, paving the way for a more inclusive and regulated blockchain ecosystem.

NFT Renaissance: Beyond Digital Art

The Non-Fungible Token (NFT) space will experience a renaissance that transcends digital art. Expect NFTs to tokenize real-world assets like real estate, luxury goods, and even rare physical collectibles. These tangible assets will be represented as NFTs on the blockchain, enabling fractional ownership, instantaneous transfer of ownership, and enhanced liquidity.

This novel application of NFTs will democratize access to high-value assets, paving the way for a new era of ownership and investment. Additionally, NFTs will serve as a means of proving authenticity and provenance for physical objects, combating counterfeiting and fraud across various industries.

Interoperability and Cross-Chain Synergy

Blockchain’s potential will be truly unleashed when it operates as a cohesive, interconnected network. Interoperability solutions, such as cross-chain bridges, will become the norm in 2023, allowing assets and data to move seamlessly across disparate blockchain networks.

This cross-chain synergy will enable blockchain to break free from its siloed existence, fostering collaboration among blockchain ecosystems and propelling the technology to greater heights. Projects will no longer be confined to a single blockchain, unlocking new possibilities for scalability, efficiency, and innovation.

Environmental Sustainability: Blockchain’s Green Revolution

Environmental concerns have cast a shadow over blockchain’s energy-intensive proof-of-work consensus mechanisms. However, 2023 will mark the year when blockchain technology embarks on a green revolution. Proof-of-stake and other eco-friendly consensus algorithms will gain prominence, significantly reducing blockchain’s carbon footprint.

Sustainable blockchain projects will lead the charge in reducing energy consumption, making blockchain technology an eco-conscious choice for businesses and individuals alike. This shift towards environmental sustainability will not only address ecological concerns but also enhance blockchain’s appeal to a wider audience, including socially responsible investors and environmentally conscious organizations.

Conclusion

As 2023 unfolds, the blockchain space will continue its inexorable march towards innovation, defying conventional boundaries and redefining the digital landscape. Quantum-resistant security, the metaverse nexus, DeFi 2.0, regulatory clarity, NFT renaissance, interoperability, and environmental sustainability will be the hallmarks of this transformative year.

Buckle up for a blockchain journey that promises to be nothing short of astonishing, where cutting-edge technology meets regulatory certainty, environmental responsibility, and limitless possibilities for digital and real-world assets alike. In the years ahead, the blockchain revolution will continue to reshape industries, economies, and societies, unlocking a future that blends the physical and digital realms in unprecedented ways.

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AI-Powered Crypto Trading Bots: A Quantum Leap in Trading with Artificial Synapse Intelligence https://fundplatform.io/ai-powered-crypto-trading-bots-a-quantum-leap-in-trading-with-artificial-synapse-intelligence/ Tue, 12 Sep 2023 13:18:34 +0000 https://fundplatform.io/?p=160 In the ever-evolving world of cryptocurrencies, trading has transcended human limitations, taking a quantum leap into the future with the advent of AI-powered crypto trading bots. These cutting-edge tools are more than mere algorithms; they represent a convergence of human ingenuity and artificial synapse intelligence. In this epoch-making revolution, we delve into the cryptic world […]

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In the ever-evolving world of cryptocurrencies, trading has transcended human limitations, taking a quantum leap into the future with the advent of AI-powered crypto trading bots. These cutting-edge tools are more than mere algorithms; they represent a convergence of human ingenuity and artificial synapse intelligence. In this epoch-making revolution, we delve into the cryptic world of crypto trading bots to uncover how they are reshaping the financial landscape.

The Genesis of AI in Crypto Trading

Before the rise of AI, crypto trading was a realm dominated by human traders. These pioneers navigated the volatile waters of the crypto market using technical analysis, intuition, and sheer grit. However, the rapid expansion of the crypto market demanded a more efficient and responsive approach. Enter artificial intelligence.

AI in crypto trading is no ordinary phenomenon. These bots possess an uncanny ability to process vast datasets, detect patterns invisible to the human eye, and execute trades with split-second precision. They are not bound by emotions, fatigue, or bias, making them the ideal partners for the modern trader.

The Architecture of Synaptic Trading Bots

Synaptic trading bots are the pinnacle of AI-powered crypto trading technology. Unlike conventional bots, they mimic the intricate connections of the human brain, creating a neural network that learns and adapts to market conditions in real-time.

These bots are fueled by quantum computing, a technology that harnesses the power of quantum bits (qubits) to process information at speeds previously thought impossible. With qubits, synaptic trading bots analyze multiple trading pairs simultaneously, foreseeing market shifts before they even occur.

Predictive Power Beyond Imagination

The cornerstone of synaptic trading bots’ success is their predictive power. They can forecast price movements with an accuracy that borders on the supernatural. Thanks to advanced machine learning algorithms, these bots can identify hidden correlations, market sentiment, and emerging trends.

Imagine a bot that can foresee a sudden surge in the value of a lesser-known altcoin, or predict a market crash hours before it happens. This is not science fiction; this is the reality of AI-powered crypto trading.

Risk Management and Self-Learning

One of the most remarkable aspects of synaptic trading bots is their capacity for self-improvement. They continuously learn from their past actions and adapt their strategies accordingly. This self-learning capability extends to risk management, as bots can adjust their position sizes and stop-loss parameters to mitigate potential losses.

Moreover, they can simulate millions of trading scenarios in a matter of seconds, helping traders make informed decisions and optimize their strategies for maximum profit potential.

Ethical and Regulatory Considerations

As AI-powered crypto trading bots gain prominence, ethical and regulatory questions loom large. How much autonomy should we grant these bots? How do we ensure transparency and accountability in their actions? These are important questions that the crypto community and regulators must grapple with.

While synaptic trading bots offer immense benefits, their unchecked proliferation could pose risks to market stability and fairness. Striking the right balance between innovation and oversight will be crucial in shaping the future of AI in crypto trading.

The Future of Trading

The era of AI-powered crypto trading bots is here to stay, and the future looks promising. We can anticipate further advancements in quantum computing, leading to even faster and more accurate bots. Additionally, AI could play a pivotal role in bridging the gap between traditional finance and cryptocurrencies, fostering greater adoption and integration.

Challenges and Opportunities

As with any revolutionary technology, AI crypto trading bots come with their share of challenges and opportunities. Traders need to adapt to this new paradigm, learning how to leverage AI while maintaining control over their portfolios. The potential for market manipulation and the concentration of power in the hands of a few must also be carefully addressed.

However, the opportunities are vast. These bots can democratize trading, making it more accessible to a wider range of individuals. They can also enhance market efficiency, reducing volatility and improving liquidity. The future will see a dynamic interplay between innovation and regulation as the crypto community navigates these uncharted waters.

Conclusion

AI-powered crypto trading bots, driven by artificial synapse intelligence, are revolutionizing the way we trade cryptocurrencies. These bots are not just tools; they are partners in the quest for financial success. With their predictive power, self-learning capabilities, and quantum speed, they have transcended the boundaries of human trading. However, as we journey further into this AI-driven frontier, we must tread carefully, balancing innovation with ethics and regulation to ensure a sustainable and equitable trading landscape for all. The future of crypto trading is here, and it’s a future powered by the unparalleled potential of AI.

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Best Crypto Trading Terminals in 2023: A Comprehensive Guide https://fundplatform.io/best-crypto-trading-terminals-in-2023-a-comprehensive-guide/ Mon, 26 Jun 2023 13:29:28 +0000 https://fundplatform.io/?p=149 In the ever-evolving landscape of cryptocurrency trading, efficiency and precision are key. Trading terminals have become indispensable tools for seasoned traders and beginners looking to capitalize on the dynamic cryptocurrency markets. This article aims to provide insight into the best crypto trading terminal in 2023, evaluating their features, strengths, and how they empower traders to […]

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In the ever-evolving landscape of cryptocurrency trading, efficiency and precision are key. Trading terminals have become indispensable tools for seasoned traders and beginners looking to capitalize on the dynamic cryptocurrency markets. This article aims to provide insight into the best crypto trading terminal in 2023, evaluating their features, strengths, and how they empower traders to make informed decisions.

Understanding Crypto Trading Terminals

Before delving into the best terminals, it’s important to understand what crypto trading terminals are. Essentially, they are platforms that consolidate various tools and features necessary for trading cryptocurrencies. These include, but are not limited to, chart analysis, market data, trade execution, and portfolio management. Trading terminals aim to streamline and optimize the trading process by providing everything a trader needs within a single platform.

  1. Dexilon is one of the best crypto trading terminals available today. It is a desktop application that gives you access to a wide range of trading tools and features, including real-time pricing data, order placement, charting tools, quick order entry, and more. Dexilon also offers an API, allowing customizable solutions and automated trading.

Dexilon is a great choice for both advanced traders and newcomers alike. The platform is easy to use with a simple interface and provides access to highly sophisticated and customizable features. Moreover, it provides a secure and reliable environment for trading cryptocurrencies.

  1. Binance is a Malta-based cryptocurrency exchange designed to provide users a secure and fast way to trade digital assets. Binance is one of the world’s largest cryptocurrency exchanges to date. It supports over 130 coins and more than 1500 trading pairs, with fees as low as 0.1%. Binance allows users to conduct market, limit, and stop-limit orders and margin trading. It also supports a wide variety of fiat and cryptocurrencies for deposits and withdrawals, as well as API integration. Binance also has its token, BNB, for discounts on trading fees.

Binance is a great option for those seeking to get involved with cryptocurrency. It is ideal for experienced traders looking for a reliable and secure platform that allows them to trade easily. With low fees, a wide variety of coins and tokens, and a user-friendly platform, Binance is one of the top exchanges in the market.

  1. 3Commas is a cloud-based crypto trading platform that applies algorithms and automated bots to the cryptocurrency markets. It offers a comprehensive suite of tools to help users effectively trade various cryptocurrencies and other digital assets. CryptoHopper is a cloud-based automated crypto trading bot that allows users to trade using algorithms, computerized strategies, and portfolio-building tools. The platform provides features such as backtesting, copy trading, live trading, and real-time alerts.

Both 3Commas and CryptoHopper are powerful tools for trading in the cryptocurrency market. Both platforms are generally similar, offering automated trading tools based on algorithms, real-time alerting, portfolio building, and copy trading features. However, 3Commas offers more features than CryptoHopper, including an API integrator, backtesting, smart trading, and a longer list of supported exchanges. It also offers a more comprehensive analytics suite and a wider selection of bots and trading strategies. Both platforms offer a range of security features, such as secure authentication, two-factor authentication, and encrypted storage of sensitive user data.

  1. Altrady crypto trading platform provides a comprehensive suite of tools and features that make it easier for traders to buy and sell cryptocurrencies. The platform allows users to monitor and analyze the crypto markets in real-time, as well as instantly buy, sell, and manage their crypto portfolio. It also features advanced technical indicators and charting tools for users to track better and analyze performance and improve their trade decisions. Additionally, Altrady offers a range of easy-to-use cryptocurrency and fiat wallets that support fiat currencies, making it easier for users to make payments and manage their funds.
  1. Coinigy is a trading and portfolio management platform for cryptocurrency investors. It offers access to 45 world’s leading exchanges with more than 4500 trading pairs. It also offers portfolio tracking, charting tools, and advanced order types.

Coinigy is an ideal platform for cryptocurrency traders who are looking to make cross-exchange trades and monitor multiple accounts in a safe and secure environment. It is also perfect for investors looking to stay up-to-date on the latest news and market data.

Adapting to Market Trends and Innovations

The cryptocurrency market is ever-evolving. Stay informed about new technological trends and features. AI-driven analysis tools and decentralized trading terminals are rising. Adapting to these innovations can give you an edge in the market.

Staying informed on the latest developments in the crypto world is the key to staying ahead of the competition and securing higher profits. Many information sources are available online for traders to keep track of news, strategies, and other related topics. Furthermore, joining a community of efficient traders is a great way to share ideas and insights and benefit from the collective experiences of others.

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How to store cryptocurrency? https://fundplatform.io/how-to-store-cryptocurrency/ Thu, 21 Jul 2022 16:07:00 +0000 https://fundplatform.io/?p=57 After purchase, it is necessary to provide secure storage of cryptocurrency, guaranteeing protection against hacking and theft.

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After purchase, it is necessary to provide secure storage of cryptocurrency, guaranteeing protection against hacking and theft. Cryptocurrency is usually stored in cryptocurrency wallets. These are physical devices or online programs used to securely store cryptocurrency private keys. Some exchanges provide wallet services so that cryptocurrency funds are stored directly by the platform itself, but not all exchanges and brokers provide such services automatically.

There are also different wallet providers. There are two types of storage of funds: “hot wallet” and “cold wallet”.

A hot wallet is a cryptographic storage facility that uses online software to protect the private keys to assets.
A cold wallet (also called a hardware wallet), unlike a hot wallet, uses offline electronic devices to securely store private keys.
Generally, there is a fee for using cold wallets and no fee for using hot wallets.

What can I buy with cryptocurrency?
Bitcoin was originally conceived as a medium for everyday transactions, allowing you to buy anything from a cup of coffee to a computer or even expensive items such as real estate. These plans have not yet fully materialized. Despite the growth in the number of institutions accepting cryptocurrencies, large transactions using cryptocurrencies are quite rare. Nevertheless, it is possible to buy various goods with cryptocurrency on e-commerce sites. Here are a few examples.

Technology companies and e-commerce sites
It is possible to make payments in cryptocurrency on the websites of individual companies that sell technology products. Examples include newegg.com, AT&T and Microsoft. E-commerce platform Overstock was one of the first sites to accept bitcoins. Bitcoins can also be used to pay for purchases at Shopify, Rakuten, and Home Depot.

Luxury Goods
Some luxury retailers accept cryptocurrency as a form of payment. For example, online luxury retailer Bitdials offers Rolex, Patek Philippe, and other exclusive watches for bitcoins.

Cars
Some car dealers, from mass-brand sellers to luxury dealers, also accept cryptocurrency as a form of payment.

Insurance
In April 2021, AXA, a Swiss insurance company, announced that it would begin accepting bitcoins as a payment method for all insurance programs except life insurance (due to regulatory concerns). Premier Shield Insurance, which sells property and auto insurance policies in the U.S., is also accepting bitcoins to pay premiums.

To pay with cryptocurrency at a store that does not accept it directly, you can use a cryptocurrency debit card, such as BitPay in the United States.

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Recommendations for safe investing in cryptocurrency https://fundplatform.io/recommendations-for-safe-investing-in-cryptocurrency/ Wed, 16 Mar 2022 16:12:00 +0000 https://fundplatform.io/?p=60 According to consumer reports, all investments involve risk, but a number of experts consider cryptocurrency one of the riskiest investment options.

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According to consumer reports, all investments involve risk, but a number of experts consider cryptocurrency one of the riskiest investment options. If you plan to invest in cryptocurrencies, the following tips will help you make an informed choice.

Analyze existing exchanges
Learn as much as you can about cryptocurrency exchanges before you start investing. It is estimated that there are more than 500 exchanges. To start, do some analysis, read reviews, and seek advice from more experienced investors.

Study how to store digital currency
Purchased cryptocurrency can either be stored on an exchange or in a digital wallet. There are different types of wallets, each with its own benefits, technical requirements, and level of security. As with exchanges, it is advisable to research the different options for storing cryptocurrency before investing.

Diversify your investments
Diversification is key to a successful investment strategy. This is also true for cryptocurrency investments. For example, you shouldn’t invest everything in bitcoin just because it’s a household name. There are thousands of investment options, and it is better to spread your funds across several currencies.

Be prepared for high volatility
The cryptocurrency market is very volatile, so be prepared for sharp fluctuations in currency prices. If your investment portfolio or mental well-being cannot withstand such fluctuations, cryptocurrency may not be the best choice.

Cryptocurrency is in vogue right now, but the cryptocurrency market is still in its infancy and the currency itself is considered highly speculative. Investing in something new is often fraught with problems, so be prepared, do your research, and invest conservatively in the early stages.

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What is cryptojacking? https://fundplatform.io/what-is-cryptojacking/ Sat, 06 Nov 2021 16:14:00 +0000 https://fundplatform.io/?p=63 Cryptojacking is a threat that infiltrates a computer or mobile device and then uses the device's resources to mine cryptocurrency.

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Cryptojacking is a threat that infiltrates a computer or mobile device and then uses the device’s resources to mine cryptocurrency. Cryptocurrency is digital or virtual money in the form of tokens or “coins. The most famous cryptocurrency is bitcoin, but there are about 3,000 other types of cryptocurrency. Some cryptocurrencies have moved into the real world through credit cards or other projects, but most remain virtual.

Cryptocurrencies use a distributed database known as blockchain to operate. The blockchain is regularly populated with data about all the transactions that have occurred since the last update. Each set of recent transactions is combined into a “block” using a complex mathematical process.

New processing power is required to create new blocks. Cryptocurrency is a kind of fee for providing computing power. Those who exchange computing power for currency are called “miners.

Larger cryptocurrency mining organizations hire teams of miners to run dedicated mining farms that perform the necessary mathematical calculations. This activity requires a significant amount of electricity, for example, the Bitcoin network currently consumes more than 73 TWh of energy per year.

Cryptojacking: present and future
Cryptojacking has its origins in individuals wanting to profit from mining cryptocurrency without incurring visible costs. Cryptojacking allows hackers to mine cryptocurrency without large overhead costs: not paying for expensive mining equipment and large electricity bills. Cybercriminals are primarily attracted to Monero cryptocurrency, which is mined on personal computers, because it is difficult to trace.

There is debate as to whether cryptojacking is on the decline or on the rise. There has been a tendency for cryptojacking to grow in proportion to the rising value of cryptocurrencies, especially Bitcoin and Monero. But in recent years, two factors have had a dampening effect on cryptojacking:

Harsh law enforcement action.
The closure of Coinhive, the main site used by cryptomakers. Coinhive provided embedded JavaScript code on websites. As a result, the computers of visitors to these sites were able to mine Monero cryptocurrency. The Coinhive code was quickly abused: attackers embedded the mining script on websites without the knowledge of the owners of those sites. The site was shut down in March 2019, and with that came a dramatic decrease in the number of infections coming from that site.
The motivation for cryptojacking attacks is simple – it’s money. Cryptocurrency mining can be very lucrative, but making a profit is difficult without funds to cover substantial costs. Cryptojacking is a criminal manifestation of cryptomining and offers an illegal but effective and inexpensive way to mine cryptocurrencies.

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