Just Starting Out in Crypto and Confused About All the Crypto Wallet Jargon?

A brief background

So, let’s sum this up. The origins of cryptocurrency go back as far as 1998 and a computer scientist named Nick Szabo who developed Bit gold but, the actual creation of a viable cryptocurrency was ten years later in 2008, by Satoshi Nakamoto, whose whitepaper outlined how a linear, time-stamped network could fuel a cryptocurrency called Bitcoin.

Thus, the coin/currency/token/digital asset (these terms are interchangeable) is stored on the chain — a distributed ledger. The main feature of true cryptocurrency is that there is no central control over the currency, unlike banks or governments. You do, however, get centralized cryptocurrencies where there is a measure of control exerted. Check out this list of centralized and decentralized crypto. The blockchain and cryptocurrency industry’s overall sentiment and purpose are to be a democratic alternative to traditional currency.

The crypto culture

As you dabble and delve into crypto, you will become very aware that there is a strong community backing this new industry. The community has a powerful ethos and purpose related to individual control of their financial destiny and provides financial access to users that may not qualify for traditional financial services.

Decentralized blockchain networks are chains of validation nodes. These nodes are basically stakeholders that verify transactions. There is no central authority, and the system is set up based on parameters determined by the code upon which the blockchain operates. Several blockchains exist, and they have their own currencies — for example, the Ethereum blockchain fuels the ETH cryptocurrency.

It is worth noting the players involved in the cryptocurrency culture or even subculture.

Un-jumbling crypto wallet jargon

Understanding the background, how the tech was built, and who continues to maintain, participate in, grow and invest in the blockchain and cryptosystem should give you an idea of where or how you want to fit in. So whether you aim to mine crypto with the view to becoming a venture capitalist that supports and funds exciting and innovative projects or if you want to simply trade crypto or perhaps yield farm, everyone has to start in the same place — getting the best crypto wallet. Without a crypto wallet, no transactions can be made.

And that is where this list will begin. It will have a dual purpose in that it will offer an explanation for terms and sequentially transport you along your journey for entering the crypto sphere.

1. Decide on a wallet

Ï Hardware and software wallets
Hardware wallets are physical storage devices like an advanced USB that stores your currency. A software wallet is basically like online banking. To access your crypto, which can also be called digital assets, you need to provide the private keys which open access to your currency and give you the ability to transact.

Ï Custodial and non-custodial wallets
A custodial wallet is usually run by a central or semi-centralized blockchain, just like a traditional bank. A centralized wallet stores your private key and provides backup and security for your crypto. For some starting in crypto, this can be reassuring.

Non-custodial wallets are software wallets to which you are the only one that has the keys to access the data. No one but yourself has custody of this information, so if you lose the private key information, there is no way to recover the wallet’s assets.

A non-custodial wallet can be referred to as a Decentralised Finance or DeFi wallet. This is true decentralization of financial power and responsibility.

One of the best Defi wallets on the market is the Eidoo wallet, which gives you access to a full DeFi ecosystem through their DeFi wallet app, which also integrates a DeFi Visa Crypto Card or the eidooCARD.

Ï Public and private keys
In case you hadn’t realized as yet, keys are special passwords that are cryptographic. There is a public key that is matched with a private key. Whatever is encrypted with a public key can only be decrypted by the private key. When signing up for the wallet of your choice, you will be guided through the process of securing your keys. It is essential to keep the private key somewhere safe.

Ï KYC — Know Your Customer
The blockchain and crypto community, as you know now, are driven by decentralization, protecting privacy, and, to some extent, anonymity. For the most part, the community prefers anonymity, but crypto users, when utilizing a crypto wallet, need to verify their identity when interacting with Fiat, for regulatory purposes. The process of verifying your identity is called KYC and is aimed at curbing illegal financial acts like money laundering, tax fraud and financing terrorism or illegal activities.

2. Buy and trade some crypto

Ï Transaction fees
Once you have your wallet, you will be able to buy the cryptocurrency of your choice using fiat. Fiat currency is normal traditional money — the currency of where you live. Any transactions conducted have a fee associated with them just as a normal bank but crypto fees are called gas fees. The Gas price is the amount you pay for every unit of gas just like the cost for a liter of petrol for your car.

These fees enable and power the transactions and are usually paid for in the form of a utility token depending on the blockchain — more about that below under tokens.

Different types of transactions require differing amounts of gas depending on the degree of computational difficulty. Also, the term gas limit refers to how much you are willing to spend on a specific transaction, if you don’t specify enough gas the transaction cant be completed and will fail but because work has been done on the transaction the gas you did specify won’t be re-imbursed.

Ï Exchange
Usually, you will buy or rather exchange your fiat on a crypto exchange. There are several different exchanges — they are the marketplaces where trading currencies happen almost like a stock exchange or changing your Euros into another currency on the forex exchange. It should be noted that there are centralized and decentralized exchanges, and as in the case of the wallets, the former has a central body that controls it. Simultaneously, the latter is distributed to nodes that uphold a central smart contract, which underpins all exchange operations and has been agreed upon by all stakeholders.

Ï Types of crypto
There are so many types of cryptocurrencies available. If you are part of any crypto communities on Telegram or follow crypto enthusiasts on Twitter, then knowing what they are generally referring to is very helpful. For example, Altcoin can’t, and won’t be found on any exchange. It is a collective name for all coins that are not Bitcoin.

Tokens represent a unit or portion of a cryptocurrency and may be considered securities in some jurisdictions depending on the specific rights of the token holder. Typically when a new cryptocurrency is introduced, parties who are funding the new currency are given tokens representing their participation, or investment.

Don’t be confused between security tokens and utility tokens. They are different. Utility tokens are designed to enable certain functions on a project or blockchain platform, also referred to as “gas.” Utility tokens are not necessarily backed by any assets and afford you no rights to dividends, shares of a company, or other ownership. Security tokens, however, are a store of value that are often traded, and meeting the “Howie Test,” and can appreciate (or depreciate) giving the owner asset appreciation and returns from investment. Specifically, the Howey Test determines that a transaction represents an investment contract if “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”

Stablecoins are cryptocurrencies that are linked to the price of another asset or group of assets. This lowers volatility in the market, and usually, the assets linked to the stablecoins are established and quite resistant to price fluctuations. Tether, Goldcoin, PAX and Binance USD are some of the most frequently used stablecoins.

3. Spend your crypto

Once you have stepped onto the crypto pitch with your DeFi wallet app accessible or with your crypto debit card in hand, there are many activities you can undertake, and it really is worth exploring the different investment avenues, opportunities, and crypto mining strategies in play. If you have opted for a wallet that exists within an expansive ecosystem like the Eidoo wallet mentioned earlier, you may have to look no further for an exchange and access to other decentralized finance (DeFi) solutions like lending and borrowing.

4. Track your crypto

At this point it is worthwhile investigating Blockchain explorers – a blockchain explorer is like the Google of the crypto world. Blockchain explorers like Etherscan lets you access the details related to your transactions on specific wallet addresses and blockchains. The details include the amount transacted, where the funds came from or went to and their ongoing status. Explorers make crypto more transparent and are very helpful as you can track payments and you investigate different investments and actions that have taken place on the chain.

It is essential to do your research and reach out to the crypto community who can guide you through these processes. Happy spending and hopefully earning too!

Different Ways to Finance Your New Smartphone in India

It is no secret that a smartphone is no longer a calling device only. It is used to check the time, put an alarm, click photos, social media, net banking, finding routes, ordering cabs and food, etc. People can perform their job duties over the phone. In short, if we can put it part of our lives are controlled/Influenced by Smartphones. There are certain aspects to remember while you plan to buy a smartphone. The following pointers will help you make up your mind.

How Much Do Smartphones actually Cost?

Price: Smartphones like Apple iPhone 11 Pro Max, Samsung Galaxy Note 10+, and Note 9 are comparatively expensive having to range from 50K to 120K. In contrast, Vivo VZ1 Pro and Samsung Galaxy M40 come in an affordable under 20K. The smartphone which you can purchase will ultimately depend upon your budget.
“Value”: According to Moore’s law, the analogy of a mobile phone is a depreciating asset and the number of transistors doubles every two years. New models and technology take over the market every year. Thus your smartphone will be relevant for a few years only. Afterwards, you might want to upgrade to the latest phone.
Use: Almost all the functions of a smartphone can be performed by the lower budget models as well. But if you insist on good sound, or picture, or gaming, then you might need to shed more money on a smartphone.
Hidden charges: There are other hidden costs of paid download, internet charges, and subscriptions. It would help if you kept that in mind while buying a smartphone.
How to Arrange Finance?

Retail Stores: There are options to pay via credit card. This option is used by many offline retailers/Stores for one or many credit card collaboration with other financing company to help their customers finance and buy and their phone. However, you need to maintain a good CIBIL score to get a credit card.
Online stores: There are 0% interest EMI schemes offered by online and offline retailers. Check out the best credit option based on your monthly income. Major players offering NO COST EMI in today’s market are HDFC, SBI, ICICI etc.
Marketplace: Sell your old mobile phone at a reasonable price to partly finance your new smartphone. The best way to find your phone worth is by looking through the product exchange price offered by Amazon/Flipkart Else sell via Olx, Facebook market etc locally in profit.
Financial institution: You can take a personal loan from any bank if your CIBIL score is good to buy an expensive phone. But please be careful of how the Indian Loan management system has changed after the pandemic.
Online P2P lending platform If you don’t have a good CIBIL score, there is an option in that case as well. You can be a part of the Online P2P lending platform. Nowadays, you can find an Online chit fund platform also that are driving financial inclusion by bringing investors and burrower in one platform to meet their mutual needs.
What If You Can’t Find A Finance Option?

Getting a loan is not a cakewalk for everyone. The majority of people in India are from the low-income group. Not everyone can maintain a perfect CIBIL score to get a Credit card or bank loan. Many people follow the practice of paying their labourers or employees in cash. In such cases, it becomes difficult for them to prove their income. To make matters worse, we are going through a pandemic. Due to which, many people lost their job or running their household on a reduced income.

P2P lending groups can come to your rescue if you are a victim of any such financial crisis. They do the least paperwork. And they are flexible in terms of the loan tenure. Suppose you can’t find a chit fund company or group nearby. You can always look for a reliable and secured online chit fund platform like Money Club that works on the similar principle of ROSCA (Rotating Credit and Savings Association) merged with the technology of P2P lending.

Wrapping Up!

Everyone has their own goals, Budget and creditworthiness, so the best financing option for one person will not be attainable for another. So before buying a smartphone always ask the following question: 1. What is the best price at the right store? 2. What are the Perks associated with buying the phone from a particular brand and retailer? 3. What is my best financing option according to your appetite/budget? There are multiple new avenues of finance available nowadays. Because of technological development, you can check the transparency and security of any finance company. So always take an in-depth look at your finances before deciding how to finance your cell phone purchase.

Windows 10: Fix 0xc10100a7 Error in Movies and TV

Source: Windows 10: Fix 0xc10100a7 Error in Movies and TV

In movies and TV, it is quite reasonable to face such 0xc10100a7 error on Windows 10 operating system. A user launches a video through this in-built program, and then a message will show up stating The system does not have sufficient memory to open it involving Stop Code. Fortunately, the device has enough disk space which makes it a matter of annoyance and curiosity.

Such an issue in Movies and TV may arise due to tiny digital memory issues or paging file sizes. A malicious virus attack or over-allocate of resources by background running apps might also be a reason for the occurrence. If you are facing a 0xc10100a7 error, you must come to a perfect place. This guide will help to overcome such the same in a flick of seconds. So, check out the listed method and use it accordingly.

Windows 10: Modify the Size of Virtual Memory
Boosting the virtual memory size is one of the better options to eradicate 0xc10100a7 errors from your Windows 10 operating system.

First of all, tap on Win + I button and open the Windows Settings program.
Then, click on the Find a setting box.
Write Performance into the required box.
Hit the enter button.
From the following search result, tap on the System option.
Now, a new page will appear on your screen.
On the succeeding window, choose the Advanced System Setting available on the left column.
After that, System properties will pop up.
Tap on the Advanced section.
Go to the Performance option.
Then, hit on the Settings icon.
Again, a new page will come into view.
Hit on the Performance sections.
Move to the Advanced tab.
Hereafter, press on the Change icon present in the virtual memory box.
Next, tap on the following option.
Choose the device accordingly.
Press on the Custom size section.
Enter the maximum size and proceed systematically.
Press on Ok and apply the changes.
At last, reboot your system.
Windows 10: Use a Full Scan Solution
It is also highly recommended to try a full scan method and check if the problem is resolved or not. Sometimes, the problem arises due to harmful viruses or malware attacks and stop accessing Movies and TV app on Windows 10 operating system. To overcome it, follow the given steps and launch without facing any sorts of complications.

On the Taskbar, click on the Start Menu icon.
Press on the Search bar.
Then, write the defender into the required section.
Hit the Enter button.
From the following search result, choose the Windows Defender Settings.
After that, tap on the Virus and Threat protection option on the right column.
Hit on the Scan icon available next to the Current threat tab.
On the succeeding window, select the Full Scan.
Now, press on the Scan Now and initiate the process.
Once completed, restart your system and check error is fixed or not.
Laura Barton is a creative person who has been writing blogs and articles about cyber security. She writes about the latest updates regarding mcafee.com/activate and how it can improve the work experience of users. Her articles have been published in many popular e-magazines, blogs and websites.