How to Bitcoin #6 – Mining Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how BTC is electronically processed, we call it mining.   Electronically Processing BTC Mining   As mentioned in the introduction, BTC is processed by computing power and recorded in a public ledger (Blockchain) with the help of a network of computers. The processing of BTC transactions is termed ‘mining’. BTC mining rewards people with computer power by generating…

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How to Bitcoin #5 – Ways to Make Money with Bitcoin

NEW ZEALAND – Guest Writer –The fifth in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to make money with BTC.   Buying and Selling A way to make money is to buy BTC/alt-coins at a low value and to sell at a higher value on an Exchange. Selling BTC as mentioned above can be done in any currency. Most large Exchanges allow users to trade back to US dollars. Another method would…

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BitVault®, World’s First Blockchain phone hones in on Enterprise market – Cointelegraph

  It was reported on Cointelegraph that BitVault®, the World’s First Blockchain smartphone are making strides in the Enterprise market.   According to the article, the company said that it is currently focussing on three sectors and are in advanced discussion with prospective partners and customers.   Defence Technology Financial Technology Manufacturers of mobile communication devices   Full article – Click here to CoinTelegraph      The enterprise market is huge and potential BitVault® sales could amount to millions. The Indian defence market, in which the company has already made some…

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Xunlei OneThing Cloud wins Most Popular Product at CES 2018

Xunlei OneThing Cloud: Innovation of Shared Computing and Blockchain, Winning CES Most Popular Product Award Powered by GeekPark – BEIJING, Jan. 10, 2018 /PRNewswire/ — OneThing Cloud, launched by Xunlei, is the first product that leverages user’s idle computing resources and organizes them into a massive cloud computing infrastructure. This technology is called Shared Computing.   OneThing Cloud became one of the most popular products in 2017 intelligent hardware circles. Xunlei not only keeps breaking records of distributed cloud computing but also leads in commercializing blockchain in consumer use. Therefore,…

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How to Hack Bitcoin

Bitcoin users are quick to point out that Bitcoin cannot be hacked but the sad fact is that millions of dollars worth of bitcoins have been stolen by hackers over the last few years and the problem is on the increase.     Recently $64 Million worth of Bitcoin was stolen from Slovenian mining operation, Nicehash. Full story – https://www.theguardian.com/technology/2017/dec/07/bitcoin-64m-cryptocurrency-stolen-hack-attack-marketplace-nicehash-passwords   What are the most popular ways to hack Bitcoin?     Stealing Private Keys; The first thing to understand is that no one really owns a Bitcoin. The public bitcoin ledger…

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What was the First Product to be Bought with EOT?

Cryptocurrency is becoming more popular as a peer to peer payment system and there is no doubt that adoption will increase over time.   The utility cryptocurrency, EOT, recorded the first sale in December 2017.       How does a payment work – A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.  When a transaction is made, wallets use an encrypted electronic signature to provide a mathematical proof that the transaction is…

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EOT makes Agriculture Smarter

Can EOT make that Apple a day fresher?  Did you know that an Apple can be more than 9 months old when you buy it in a supermarket?  And how do you know the orchard, where the apples are picked, treat their workers fairly? These and many more questions can be answered by what is now called Smart Agriculture.     Let’s see How IoT devices, EOT and Blockchain can help making Agriculture smarter.     Smart Devices measuring the optimum time to pick that apple: The IoT industry is currently producing a…

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BitVault®, the Secret Sauce… Dynamic Key Creation

We take a look inside the BitVault®, the world’s first blockchain smartphone, and crypto-communicator. Let’s look at one of the most interesting features of the BitVault®     Dynamic Key Creation: One of the vulnerabilities of devices that facilitate encryption is the storage of private keys. Once these devices get hacked, the keys are exposed. The BitVault® eliminates this risk with the process of “dynamic key creation” – with this process the keys are never stored on the device or anywhere else for that matter.   So how does dynamic key…

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EOT, 2018 and Beyond

We are living in a world that is becoming more and more connected and with the advent of devices that are connected to the Internet [IoT] and Artificial Intelligence [AI] – the need for Encryption methods to protect against cyber attacks is growing in importance.   As people, we are connected to the internet constantly, mostly with our phones,  and thus we have already seen development in areas of blockchain encrypted communication with new devices such as the world’s first crypto communicator and blockchain smartphone, the BitVault®.   There are…

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EOT, the Year in Review – 2017

What is EOT?  EOT is a new cryptocurrency started in July 2017. EOT can be used for Peer-2-Peer payments and confirmations are lighting fast with a new block mined every 90 seconds. In addition to the use of EOT as a currency, the main innovation behind EOT, is to use it for the encryption of devices connected to the internet also known as IoT [The Internet of Things]. IoT devices have increasingly become a target for online hacking and security breaches.   Thus the phrase:  IoT needs EOT   Below is…

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