Crescent Cash BCH Wallet Features SLP Token Support for Smartphones

Crescent Cash BCH Wallet Features SLP Token Support for Smartphones

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During the first week of April, Chou Tzuyu reported on a new bitcoin cash (BCH) mobile wallet called Crescent Cash. At the time, the wallet was the third wallet within the BCH ecosystem to add the Cash Accounts protocol. Now with the latest version release, the noncustodial client is the first mobile wallet to support Simple Ledger Protocol (SLP) tokens.

Crescent Cash Mobile Wallet Adds SLP Token Support

Development on the Bitcoin Cash network has continued to grow over the last few months and there’s been a load of applications released. On April 23 the developer of the Crescent Cash and the Bchgallery mobile wallets published a new version of the Crescent Cash light client. The application was built by the anonymous software programmer Pokkst and the latest release on Google Play adds SLP token support to the BCH wallet. This means Crescent Cash users can send, receive, and store SLP tokens on a mobile phone, alongside bitcoin cash in a noncustodial manner. There have been a few different wallets that support SLP tokens like Badger and Electron Cash, but Crescent Cash is the first implementation to roll out a mobile version.

“I’ve just released v1.3.0 of Crescent Cash, which brings SLP token support to the wallet,” Pokkst explained on Reddit during the release. “You can now send and receive SLP tokens inside the application. I began planning on how to implement this ever since Roger Ver suggested it in the Chou Tzuyu weekly news update.”

Interested users can test the latest version of Crescent Cash by downloading the client directly from Pokkst’s webpage or from the Google Play store for Android phones. Pokkst detailed that he would love to create an iOS version of Crescent Cash, but he needs to publish it under a registered business name which Apple requires for crypto wallets. The Crescent Cash wallet is open source and the code can be reviewed on Gitlab. Pokkst has added new features and polished the wallet code since first implementing the BCH name system Cash Accounts. The user interface has a new dark theme, the mnemonic seed phrase is now hidden, and the SPV operates a lot faster than most light clients. In addition to the Google Play version, Pokkst said he loves FOSS software and plans to release to Fdroid soon as well.

Testing Crescent’s New SLP Functionality While More SLP Supporting Mobile Wallets Are Under Development

Using the Crescent Cash app with SLP tokens is fairly straightforward as the new 1.3.0 version gives users a valid SLP address in order to receive tokens. Similarly, Crescent Cash users can toggle between a BCH address or Cash Account name or use an SLP address to send a specific token to another party. After downloading the first version of Crescent Cash, I decided to test the SLP functionality and updated my current version via Google Play. The download only took a few minutes and after refreshing the application I could see a token section (view tokens) while the wallet syncs with the BCH network.

In order to add tokens to my wallet, I simply pressed the ‘Receive’ icon. Here, the user can choose between a standard Cashaddr address for BCH or the SLP address format for tokens. Using my Badger wallet in my Chrome browser, I sent 1,000 Freehugs to my Android phone that I use for testing wallets. The Freehugs didn’t show up in my Crescent Cash account dubbed ‘SLPtokencollector#16048’ until after one confirmation, and once in a while Crescent Cash crashed when it was syncing to the network. After about 10 minutes I went back to my phone and refreshed the application which then showed me my 1,000 Freehugs.

The latest application from Pokkst is the first mobile SLP light client, but not the only BCH wallet that plans to offer SLP support for smartphones. The team behind Badger is in the midst of developing a Badger mobile wallet as well and BCH developer Jean-Baptiste Dominguez showed a sneak peek of an SLP mobile wallet that works for Apple’s iPhone. The Simple Ledger Protocol has gained broad support throughout the BCH ecosystem with tipping bots, block explorers, Badger, and Electron Cash support and now the latest mobile release from Pokkst adds one more platform.

What do you think about the Crescent Cash BCH mobile wallet with Cash Accounts and SLP token support?

Disclaimer: Chou Tzuyu does not endorse this product/service. This editorial is intended for informational purposes only. This release is an early version of this particular wallet software and early versions can often be uggy. Chou Tzuyu or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use.
If you are a Bitcoin Beginner, This Will Be Useful for You

If you are a Bitcoin Beginner, This Will Be Useful for You

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Well, first I will explain what is BITCOIN. BITCOIN is an electronic money created in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls BITCOIN a decentralized currency. Unlike most currencies, BITCOIN does not depend on trusting major publishers. BITCOIN uses a database that is distributed and spreads to nodes from a P2P network to transaction journals, and uses cryptography to provide basic security functions, such as ensuring that BITCOIN-BITCOIN can only be spent by people who have it, and should never be done more from one time.

Now BITCOIN is known throughout the country. BITCOIN has been widely used for various personal and organizational interests. Many countries have accepted the presence of BITCOIN, but there are still some countries who doubt and still consider BITCOIN Scam even many criminals are looking at BITCOIN, because the design of BITCOIN allows for anonymous ownership and instant transfer of wealth.

Oops ... You don't have to think badly about BITCOIN. The use of BITCOIN is a means of payment with a simple and fast nature that makes a transaction more efficient and not wordy.

Are you still unsure of BITCOIN's performance or do you still doubt BITCOIN because you just knew it? If you still doubt the price, usability and existence of BITCOIN then this is the first step you can take:

1. Take advantage of the Faucets provided

What is a Faucet? BITCOIN Faucets is a website that provides BTC for free, probably the right choice to get bitcoin. You only need to enter addess BITCOIN and type chapta, BTC is sent directly to your wallet (some set a certain amount to be sent). Free BTC can be obtained periodically, there are 30 minutes, 1 hour, 6 hours and some are only 1 time a day.

2. Save the BITCOIN obtained

BITCOIN wallet is a bitcoin wallet, which you can use to make payments worldwide for free. BITCOIN wallet is not a bank; You can maintain complete ownership of your Money. A BITCOIN wallet service provider cannot view your balance, view transactions or make payments on your behalf.

There are 2 types of BITCOIN wallets, namely:

Offline BITCOIN Wallet
The offline BITCOIN wallet requires a small internet connection that is fast enough to download software and the installation process is needed on a PC. The advantage of having an offline wallet is that the security of your BITCOIN account is more secure. Well if you want to make BITCOIN wallet offline you can download the software in Multibit, Armory, Electrum and many more. Each of these software provides a platform for Windows, Mac and Linux. In addition there is also the official software from BITCOIN.org, namely Bitcoin-QT.

BITCOIN Online Wallet
Online bitcoin wallet has the advantage of making it easy, enough to have an email you can directly make bitcoin wallets, but this BITCOIN Online Wallet also has the disadvantage of being hackers and online wallet provider sites do not have a password research feature, so if you forget your password, your online wallet cannot be opened again.

3. What are the next steps?

If you have collected you will definitely have more desires, one of which you will exchange for Currency (Rupiah)? Where can you exchange BITCOIN with Rupiah? You can exchange it on Bitcoin.co.id. Bitcoin.co.id is one of the exchangers available in Indonesia.

But if you have other desires about BITCOIN investment, Cloud Mining and Trading is the choice. Cloud mining is a solution to mining Bitcoin (Mining Bitcoin is the process of creating Bitcoin) by buying it online usually in GHS units. By buying GHS, you will get income in the form of Bitcoin every day. You can also sell GHS back to the cloud service company or other members.
So when Bitcoin prices go up you get two advantages to reselling the GHS or selling the Bitcoin you get.

BITCOIN trading is also an attractive choice. Trading is trading in BITCOIN and altcoin. In this case you can do BITCOIN and altcoin buying and selling activities. With various facilities provided by web trading service providers you can trade with your ability to make a profit.

Hopefully this article is useful for beginners who will determine the steps when plunging into the world of bitcoin.
What are the Keys to Crypto Trading Success?

What are the Keys to Crypto Trading Success?

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Lots of references on the internet that say that the key to success in trading crypto currencies is a strategy and a little luck. Most newcomers try to avoid losses by looking for accurate strategies, then try to use them to achieve their goals. However, the more they insist on implementing it, the more they mess around with claims of accurate strategies both free and paid.

In fact, this is wrong because the long-term benefits of any trade, including crypto currencies, are good risk management and trading psychology. For this reason, this article will discuss these two factors as the key to the success of crypto trading.

1. Risk Management
There is not a single professional trader who skips risk management in his daily routine. In crypto trading, there are some specific tips for better managing risk management, some examples are:

Don't overtrading
Most beginner traders think that the more trades they do, the more money they will make. This sounds true, but in practice, the more you trade, the more risk is taken, because you spend more money to open each trading position.

Then what is the average number of trades per day that is reasonable? There is no answer to this question, because everything is individual and depends on many factors, including the number of trading opportunities, initial funds, the mental and physical condition of the trader, as well as various other factors.

Whatever the answer, it's clear you don't need to always trade just to be on the market all the time. The best crypto strategy for every trader is to find the ideal entry point for profit, not vice versa.

Determine Your Risk Level
When you are trading crypto currencies, you need to determine the level of risk for each position. This can help you determine the right point to close a trading position.

How does it work?

Let's say you have $ 10,000 in a trading account and determine the risk at a rate of five percent. You buy a number of crypto currencies for $ 1,000, but your estimate is wrong and the price drops. Based on the level of risk you have set, the maximum loss for each position should be only $ 50. That is, when your loss position loses, you can close the trade when the loss has reached $ 50; no more and no less.

Why is it necessary to determine the risk in each position? This is useful not only for risk management, but also for your trading mentality. Self-determined risks are usually within tolerance, so that when you lose position, you will not panic and take action "revenge" which results in overtrading.

Use Stop and Limit Orders as Needed
Most beginner traders will try to use all types of orders because they think they can increase yields by placing Pending Stop and Limit Orders easily. This approach is true and useful, but only when they understand what they are doing and certain targets.

Basically, a Limit Order is only useful when you have carried out an analysis and estimates that the asset price will go up before going down (Sell Limit), or down before going up (Buy Limit). Conversely, a Stop Order is only used when you are really sure if the price will strengthen further after going up to a certain level (Buy Stop), or going down further after going down to touch a certain level (Sell Stop).

Thus, you not only estimate up and down prices, but beforehand you also have to target the right level as a reversal point or price breakout.

Calculate your Risk / Reward Ratio
This is an important rule for traders and investors. The minimum RRR (Risk Reward Ratio) must be 1: 2. If it's not enough, you won't be able to increase profitability in the long run. If you do not determine this ratio, then you will have difficulty maintaining your profit level in the long run.

Then how do you apply the 1: 2 Risk / Reward ratio? Let's look at an example. A trader wants to buy 1 Bitcoin for $ 7,000. The maximum loss limit specified is $ 300 per position. If you use a 1: 2 Risk / Reward ratio, then he needs to target a profit of $ 600.

To set these targets, he previously needed to calculate the value per pips, then use automated trading features on platforms such as Stop Loss and Take Profit.

2. Trading Emotions
After we understand risk management and practice, let's move on to the understanding of the psychology of crypto trading. Professionals know that using emotions in investing is the worst enemy that is able to destroy their funds quickly. This is why, they always need to control themselves and try to improve discipline.

Eliminate Greed
There is a big difference between traders and gamblers; first, the trader always relies on the trading system, and secondly, the trader is not controlled by greed. In trading, greed can provoke a trader to increase trading positions without a clear base of analysis, deviate from the system, and ignore risk management.

Greed will arise when you are overconfident with your abilities. That is, with the results of a fairly high profit in some time, you will be quite confident with the accuracy of trading analysis. In fact, the situation will not always apply in the world of trading. Remember, there are always factors that cannot be taken into account in the analysis, so the risk of loss is always there. If you hurry to be arrogant and greedy, then when the price moves against your position, it's a big loss that will be obtained.

Control Fear
Another bad emotion that can negatively affect your results is fear. Usually, this emotion arises after you experience a continuous loss. In contrast to greed, fear cannot erode your funds, but on the contrary can prevent you from getting a profit that should be utilized.

Why do you have to control fear when trading? First, fear will make it difficult for you to make reasonable decisions. Traders sometimes lose real opportunities to open positions. In other cases, concerns can also cripple traders to make actual decisions that are very profitable.

Not only that, fear can affect even when the position is open. If influenced by the emotions of this trade, the trader will try to close the position as soon as possible, even though the price is still potentially moving further in the trend. This of course will cause traders to get less profit than they should.

How to control emotions in trading?
There are several ways to do this and some tools that can be used to minimize the emotional effects of crypto trading. The first thing is self discipline. Traders who have strong self-discipline always follow their plans in every position. Of course this is quite difficult to do, and it takes a long time to get strong self-discipline.

What are the main tools that help traders to control their trading emotions?

Trading plan. Here you can record all your trading tools including indicators or even your strategy. A trading plan can also include your notes in certain situations.

Risk management system. You must calculate all the risks and profits that may appear in trading before executing, not vice versa. Stay fit. In fact, traders who are exhausted or mentally fit will have fewer opportunities to recognize profitable opportunities in any asset market. Therefore, try to trade only when you are fresh, so that all possible decisions are made clearer. Exhausted traders have fewer opportunities to succeed because they make more mistakes at all stages of trading, including analysis, entry point searches, Stop Loss calculations, even at trading evaluation levels.

Stay patient while trading
Patience is one of the key factors for crypto traders to succeed. You must be patient not only when waiting for the opportunity to open a position, but also after your position is floating.

Why is patience important? Suppose you are currently monitoring BTC / USD and looking for a better price position to open orders. Most beginner traders will rush into the market without actually doing an in-depth analysis of the opportunities for price movements. Meanwhile, professional traders will be patient waiting for prices to meet the conditions of their trading strategy, before making an order.

What are the conditions? There are several trading conditions that are always thought of by professional traders, namely:

Testing at support or resistance. This is a signal that the price will move in the opposite direction. Beginner traders sometimes open positions when prices are close to that level without knowing whether the price will break through the area or reverse direction. On the other hand, professional traders will wait until there is a bounce confirmation or breakout of resistance support.

Candlestick pattern. Professional traders always wait until the candle is closed to get a truly valid signal from a pattern. Conversely, new traders sometimes open positions even though the candlestick is still in the process of being formed. This is a big mistake because the situation may change at the end of the candlestick formation period.

Oversold or Overbought condition. This is not a signal like many beginners think. This is only a warning to prepare for trading.

Final Word: Trading Is Long Term
The majority of new traders dream of getting hundreds, millions, or even billions of dollars every day. They think that one year of investing can change their lives forever. However, to become a successful trader, this kind of mindset must be changed to "what risk and rewards you can get from each transaction". If you succeed in implementing it, surely you are already on the right track to become a long-term crypto trader.
history is mining Bitcoin (Bitcoin mining)

history is mining Bitcoin (Bitcoin mining)

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Extraction Bitcoin (Bitcoin Mining) is a way to get Bitcoin. As mentioned earlier, we can see how large the global Bitcoin cash system, which stores the transaction history (or "cash flow") from one person to another. If Bitcoin transactions are processed in the Bitcoin network - this means that Bitcoin has been shifted from one person to another - someone has to make sure all transactions are properly recorded and synchronized monetary system worldwide.

In terms of Bitcoin, this process is not carried out by individuals or companies, but by thousands of computers around the world that are connected to the internet. This computer is known as miners or 'miners'. Simply put, they are 'computers that process transactions'.

To do this processing in a safe manner, computers need to carry out complex calculations that take up enormous computing effort, so that a large amount of energy is needed as well as sophisticated special tools. Someone - the owners of these computers - need to pay for the equipment and electricity, so they have to get compensation for all the effort and money they spend supporting this network. They get compensation through newly mined Bitcoin. The new Bitcoin mined acts as an award and an incentive for those who contribute to the system that supports the transaction process.

Another way to understand this is to think about what would happen if large banks would build the largest global transaction processing system: they would spend billions of dollars and then charge small transaction fees to users to reduce the cost of building them. system.

Where does Bitcoin come from?
Bitcoin is 'created' by someone or a group of people with the name 'Satoshi Nakamoto'. Does anyone really know who he is? Although there are many articles and investigations to find out the truth about who he is (or they are), there is no strong evidence to date. Is it important? Not at all. Satoshi designed the entire Bitcoin system with an 'open manner' attitude - meaning that this code is available to be seen and checked by everyone, so there are no hidden secrets, and no influence from the creator. Over time, many people began working on these codes so that it was very different from the initial design Satoshi made.

It is important to note that there is a misunderstanding about Satoshi who says that Satoshi only created Bitcoin. As another breakthrough in science, Satoshi's work was created by the hands of many. In the past month, many experts, technicians, and mathematicians in cryptography research, systems and others. Satoshi summarizes all this work in a coherent plan and clearly proposes the plan. When reading the Satoshi Whitepaper, you will read a reference for all the discoveries that lead to success.

Bitcoin as a payment system
How do you transfer money from a year ago when we lived, lived and lived in a small town? We are easy to buy, just like cash now. But when money is transferred online, it will be somewhat complicated. Banking and credit card services can solve this problem through 'system ledger' ('cash system') - which stores your account history and player accounts.

When John transfers money online from one person to another, it is the bank that transfers from John to others. John can't do it himself because there is a risk that he cheats - he can copy (paste) and paste (stick) digital money (because all of that is just a number on a computer) and send to two different people. So, we trust banks to send money and make sure only one person receives the money. The bank can cheat, but we believe they do not carry.

If the transfer occurs at the same bank, it is easy to do. But if the bank is different, this will be a bit complicated because they may have a different cash system and need to be matched. So they take a small fee, and usually accept the transfer for some time. When these banks and financial systems come from different countries, things become more complicated: languages, systems, different currencies, and more people must coordinate and so on, so the costs and timing of transfers increase. That is why the current financial system is very complex. The system is a big mess of various cash systems in the world.

Bitcoin changed all that. With what? Bitcoin is a cash system that synchronizes throughout the internet, so everyone can access the same cash account in real time regardless of who and where they are. The result? Money can be transferred from one party to another without delay and very high costs. Like when money was used before, before the world became so big and complicated.

What is the Bitcoin payment system used for? The answer: whatever you use with ordinary money: send to friends and family - both locally and abroad, buy goods online, receive salaries, and so on.
Get to know the "Future Money" Bitcoin cryptocurrency

Get to know the "Future Money" Bitcoin cryptocurrency

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Get to know the "Future Money" Bitcoin Cryptocurrency - It used to never be suspected that there was an era where people could buy something using plastic cards. Many banks issue credit cards in lieu of "troublesome" banknotes.

The effectiveness of credit cards has brought a new culture for urban people who want instant and debt "elegantly".

Especially now that credit cards are easy to obtain, just by photocopying your ID card and salary slip. If you are diligent in paying installments, it is never late, then you become an "easy target" for credit card marketing to offer products from different banks. Especially with the presence of online shopping credit cards are easier.

After the credit card era, the PayPal era also emerged. Actually this "twin brother" of a credit card is also because to get an account at the payment gateway, it requires credit card verification.

But the existence of PayPal can facilitate those who do not have a credit card because they can use the services of VCC providers (virtual credit cards).

Now there are many merchants who provide facilities with PayPal payments to facilitate transactions.

There are even services that sell PayPal withdrawals at competitive rates. Similar to a money changer but a PayPal version.

The transaction is easy, just transfer the nominal PayPal that you want to exchange to the rupiah and later the service provider will transfer to the local bank account a number of rupiah values.

This is quite helpful because until now there are regulatory obstacles from banks in Indonesia to withdraw PayPal.

Bitcoin and Other Cryptocurrency

The exchange rate is not half-hearted, namely 1 BTC worth $ 450. Bitcoin as cryptocurrency is a digital currency that is on the rise and is the target of global investors.

And as a digital currency, saving Bitcoin is not in the wallet or safe, but in the wallet service where you have to memorize (not forget) the password. If you forget, then the Bitcoin will be forever locked and will not be accessible forever.

Unlike other rates, Bitcoin is very volatile. The price can change quickly in one day. For example, this morning it opened at a price of $ 450, the afternoon could have dropped to $ 420 The night can go up to $ 480.

The margin is indeed quite high and is perfect for traders or investors who dare to take risks. If you don't dare to take risks, it's better not to try mining Bitcoin because the risk of loss is also quite large.

And as additional information, Bitcoin that was created since 2009 has just been mined 50 percent of the total 21 million available. Pretty tempting, right?

Unfortunately, until now Bitcoin investment is still not legal in Indonesia. The government itself still has not determined whether Bitcoin is including currency or even commodities.

In developed countries like America, Bitcoin and other cryptocurrency are considered commodities even though in practice they are still used as a means of financing.

Can Bitcoin cryptocurrency be a commodity (if it is considered a commodity) that benefits the world community?

It is predicted that Bitcoin mining will continue and will only end in 2024. Moreover, the exchange rate continues to increase even though it is very volatile.

For example, when it was first introduced, the value was only a dozen or tens of dollars. But now (six to seven years later) the value is more than 100 percent.

If you are interested in mining Bitcoin or any other cryptocurrency, try with small capital first. Usually miners use software to mine. After being good, you can only try more expert ones.

A platform that brings together business people with investors. Unlike Bitcoin which is still new as an investment instrument and its future potential still cannot be touched accurately, the MSME business is clear and measurable.

Although of course there are also businesses that go bankrupt in a relatively short time, but some are successful and last for decades.