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Crypto Dividends: Staking Coins for Gains Potentially a Good Strategy in a Bear Market but Is Not Without Risk

In March, NewsBTC sat down with Max Kordek, the founder of Lisk, to pick his brain about his project, the broader crypto and blockchain industry, and the future of Bitcoin.

Related Reading: HTC Exec: Facebook Coin is like the Intranet, Bitcoin is like the Internet The Latest On Lisk NewsBTC: Thanks for sitting down with us. For those who don’t know Lisk, can you give us a 30 second to a one-minute explanation of your project in general?

Max Kordek: Lisk is a blockchain application platform with its own crypto asset, LSK. We aim to enable devs and entrepreneurs to create their own blockchain, which is fully independent and customizable to a large degree. The second step will be interoperability, so that these independent blockchains become sidechains, which then interact with the mainchain and each other, becoming an independent part of the bigger internal ecosystem of Lisk. Our tools are based on JavaScript which taps into a fast evolving programming language, rich developer base, and open source culture. We’ve also recently diversified a section of our code to TypeScript, which will support larger application building.

NewsBTC: Cool. So why did Lisk decide to go with DPoS instead of PoW? Were there centralization risks?

Max: My journey in blockchain first began with the purchase of a Litecoin miner in 2012. Back then, I was living in this very small student apartment in Germany, which was only about 20 square meters. The small space made the miner run super hot, and after two months I had enough. Through this experience, I’ve started to develop a dislike against the kind of inefficiency and this waste of electricity that Proof of Work systems create. I then began to look into alternatives to mining. I stumbled across NXT, then Peercoin, the first viable Proof of Stake coin in existence, which I fell in love with. It was amazing to have a server, which cost $10 to $20 a month to maintain and run the network from. I got really active in that community. Eventually, Peercoin fell apart, mainly because they failed to establish an organization to actually push the technology forward.

After Peercoin, I found Crypti, which provided that central business pushing the protocol forward. It was also the first organization where I discovered the Delegated Proof of Stake (DPoS). However, Crypti also had its own issues with a very small team and even lower levels of funding. I decided to create something new with my partner Oliver Beddows. From the get-go, we knew it shouldn’t have anything to do with PoW. That’s how Lisk and Lightcurve came about. There are many benefits of our form of DPoS, but one of the main ones is that it is beneficial to what we specifically are building. If you want to create a blockchain platform where people can just spin up their own chains, DPoS is much easier to kickstart and safer to maintain than normal PoS. If you rely only on pure PoS, it may not be very secure, so it’s better to have delegates you can trust.

Max Kordek Delegates on the Lisk network know the codebase and the network through and through. Many of them build open source solutions and products, spot bugs on our Testnet, or migrate to critical releases in an extremely timely manner! It depends on what use case you want to implement, but having a secure network is what most of our stakeholders can agree on. As to centralization risks, there is a degree of fluidity to our network with some individuals entering and falling out of the delegated 101. We’ve also recently opened up the Lisk Improvement Proposals where both Lightcurve and community authors can submit their own proposals for how to make our consensus algorithm even better.

NewsBTC: With DPoS, EOS enlists 21 delegates and Ark, 51 delegates. So how did you come with the 101 delegate number?

Max: Dan Larimer runs EOS. Before EOS he ran Steemit and Bitshares, which utilized 101 delegates. We took the same number, which both he and Charles Hoskinson used back in the day, because it is a good balance between centralization and decentralization. 21 delegates are too few. Sure, the network is high-performance, but 21 entities controlling the network could be dangerous. 500 or 1,000, on the other hand, is too much, as such a number of delegates would cause too many inefficiencies in the network. So to put it simply, for us 101 delegates sits right in the sweet spot of the number of nodes necessary to move our blockchain forward, while the odd number gets rid of the ties by ensuring there’s always a majority on the network.

NewsBTC: What’s your vision for Lisk Academy? Do you guys want to spark adoption through education?

Max: Even after the bull market of 2017, only a few people on the street know what Bitcoin is, let alone the underlying technology of blockchain. We need to educate those who have the power to interact with blockchain, whether its building or investing. Right now, it’s not even about Lisk, but just blockchain as a technology. The next step is accessibility, meaning that we should ramp down the complexity of the blockchain ecosystem to aid the user experience. Once you educate people and they have access to the ecosystem, then you onboard them onto projects like Lisk and our SDK.

This is why we don’t attend as many conferences as Token2049 anymore. It sounds a bit bad, but we don’t want to constantly be in this kind of a crypto bubble. We need people from outside of the industry to enter. But they won’t enter without education. We just need to have a go-to place for people to learn about blockchain and Lisk. We also provide educational marketing content and documentation for developers wanting to take the next step and experiment with our technology.

Kordek’s Thoughts On The Crypto Industry NewsBTC: So do you think that education is the one thing holding back crypto adoption right now?

Max: I think many things are holding it back currently. One is definitely education. If we just don’t know or understand what it is, we won’t adopt it. Right now we need builders, who harness this technology to come up with viable use cases. And they, of course, need to know how this technology works. My mother doesn’t need to know about blockchain. But my developer colleagues who actually have the power to build need to know the ins and outs of not only blockchain technology, but also blockchain building and everything else needed to get them coding.  Another problem is use cases. People still ask, ‘what can we really achieve with this technology?’ People have no clue yet. Building on Ethereum is tough right now, but it’s the best experience in the industry by far. It isn’t optimal, so we need much better tooling and use case inspiration for developers. That, in my opinion, is why adoption has been pretty much slow.

NewsBTC: What is your end vision for this ecosystem? Do you see a world where everything is based on these technologies?

Max: I don’t think that everything will be based on blockchain. Yesterday I was on a panel discussion covering a very interesting topic — Web 3.0. It was said that blockchain is one technological level above texting (Web 3.0 v.s. 2.0). The Internet as a whole still has Web 1.0 applications, including simple internet pages and so on. Those don’t go away. And why should they? We have Web 2.0 pages, like Facebook, Twitter, etc. They will not disappear because of blockchain. So not everything will be run on blockchain, but there are quite a few processes that can be optimized with this technology. I’m a strong advocate for sure, but I just don’t see it as the golden technology that will disrupt absolutely everything. Right now, we don’t even have one use case that has reached 100,000 daily active users. Facebook, on the other hand, has one billion active users. So in the end, I see a world where blockchain really helps people in very specific industries and solutions.

NewsBTC: So you’re saying that I guess there have been there’s been very little adoption right now, but what’s one application for one use case that you think has a lot of potential?

Max: Right now, we’re still heavy in the R&D regarding which use case will be most suitable for our technology. One industry we want to start off with is definitely gaming. That’s an obvious use case right there, given opportunities for tokenization and so forth. Governmental work like notarization or traveling documentation is a pain right now that could easily be improved by blockchain. These processes can be optimized with a digital identity system that automatically checks you and is stored on the blockchain for secure and cross-border access. There are many use cases out there. In the end, we are creating technology that is customizable and scalable enough to allow many of these to be explored.

NewsBTC: How has this bear market been compared to ones seen previously?

Max: The previous ones were much worse. Bitcoin went from like $1,000 to $150, and people were saying that you should pack your bags and say your goodbyes. At that time, there was no development happening. There weren’t these global conference chains with thousands of attendees. It was really dark on Reddit. And now, we’re potentially just coming out of another crypto winter, but there are 20 to 30 meetups happening in Hong Kong this week, even more across the world. If you go on our GitHub, subscribe to Crypto Twitter, or check out big crypto publications, you can see there’s a wide range of activity going on amongst the projects that survived this crash.

There’s so much that is happening. There’s seriously much more development than any other point in blockchain’s history. So for me, the ones before were much worse economics-wise, activity-wise, and sentiment-wise. The thing is, we are patient because we see a big future ahead of this technology. This is just part of normal market cycles. The companies are getting more serious, and the first iterations of products are beginning to pop up. For example, we’re about to release our Alpha SDK, the first version of our blockchain-building toolkit that will allow developers to create proof-of-concept applications aligned with our codebase.

NewsBTC: Do you think that the crypto market is oversaturated at the moment?

Max: Well, I made my own altcoin, so it’s very hard to comment on that one. What I think is that the market overall regulates itself, especially when it feels oversaturated. You see crypto assets that are dropping lower and lower on CMC, as they have no activity, no trading volume, and that’s totally fine by me. That’s a sign that it’s oversaturated. And I assume that is why projects are dying as the market stabilizes and matures. There’s still potential for thousands and thousands more crypto assets and projects around them. I just want to see projects with an actual use case and a true focus on development. In our case, Lisk will be used for registering a sidechain. In Ethereum’s case, it can be used for smart contract execution. But why do all these other apps need a token? Status, for example, a messenger project, doesn’t really need a token. I have not looked into it in-depth, but that raises a question mark. So yeah, I think it’s saturated, but it’s regulating itself in time and legitimate technology with a good business backing stays afloat.

NewsBTC: How has the Lisk team been doing in this market cycle?

Max: Lisk is always progressing at a sustainable pace. The technology is going forward as I mentioned before with the upcoming release of our Alpha SDK. Things on the business side are playing support to the constant development – we were lucky enough to have a professionalized financial team to help us diversify our holdings. This gave us a healthy balance of fiat and crypto, which resulted in extra stability throughout this bear market. We’re also continuing to grow our business and fostering a global developer community. Our community members actually started physical developer spaces across the globe, including the Netherlands, Japan, and China. There’s a lot of activity happening on GitHub and real life!

The Future Of Bitcoin  NewsBTC: How do you expect for the crypto market to play out over 2019?

Max: I really have no idea. It could go up or down. But right now, it seems to be stabilizing very slowly. Eventually, though, there could be another, let’s call it, wick lower. I assume personally that it will continue to go up towards the end of next year. In 1.5 years is the Bitcoin halving, so the market could go up because of that. But I don’t care really. It’s not only about the money.

NewsBTC: What do you see Bitcoin as? Is it an SoV, MoE, or anything else?

Max: I think of it mainly as a store of value with complete independence of any other market. That means you can just fill up your portfolio with 1% to 2% with it, and it can act as a secure investment next to gold. I also tend to see it as a means of exchange, I bought some stuff online with BTC recently. Yesterday, I went to the Lotus Bar in Hong Kong, which accepts Bitcoin. It’s a nice thing, but I’m not going to go there every time just to use BTC. So in end, it’s more of a store of value. It’s important to add that I also see it as a stepping stone for blockchain technology overall. It may not be the most scalable, but it’s inspiring. It may not be a world currency, but it should become a means of exchange in one way or another.

NewsBTC: What do you think of the whole JP Morgan Coin or FBCoin? Do you like what they bring to the table?

Max: I know many many people who hate Mark Zuckerberg in the industry, but it’s important to remember Facebook is a tech company at the end of the day. When your company grows as large as Facebook did, it’s hard to stay true to your original ethos. Many things can go wrong. And maybe Facebook had many things go wrong this year, but it isn’t the fault of Mark Zuckerberg alone. I still think Zuckerberg has the best things in mind. I see FBCoin as an interesting concept. I’m not too sure how scalable it will be, as WhatsApp or Facebook itself has billions of users. But why not? I think it will be pretty cool, no matter if it’s decentralized, centralized, etc. As long as it uses blockchain technology, that is exactly what we want and need. JP Morgan Coin, on the other hand, is something I hate. First, they say Bitcoin is a scam, then they were revealed to have participated in the Bitcoin market, and then they suddenly come up with their own coin. At the end of the day, JP Morgan isn’t a technology company, so they shouldn’t do that. This project is just for their monetary gain. They should stick with the old economy and do their crap there. They don’t really belong here.

NewsBTC: It’s my final question. Can crypto succeed without institutional involvement, like investments from those on Wall Street?

Max: Yeah definitely. I think people are more powerful than institutions. With blockchain and Bitcoin, we’re going towards true peer-to-peer transactions and exchanges. On a global scale, this will be much more powerful than any institution in the world. Still, financial institutions are great leverage, as they can give people the power to make this whole movement. We can utilize those institutions, but we don’t need them in the end.

Featured Image from Shutterstock

Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years

The month of November comes packed with a long list of exciting and star-studded Bitcoin and Blockchain conferences happening all over the globe. The choice is really hard, and this selection of Top-5 happenings provided by CryptoEvents should come in handy.

BitBrum – November 3, Birmingham, UK 

BitBrum is a not for profit, community inspired, grass-roots organised event. According to the organisers, they want to “inform people about the technological, economic and societal impact of this nascent space, equipping them with the knowledge to avoid the scams and the tools and confidence to innovate”.

The second edition of BitBrum (the first one took place in 2017) features Rhian Lewis, Software Engineer and co-host of London Bitcoin Women; Tatiana Moroz, singer and songwriter, Bitcoin activist and Host of The Tatiana Show; Greg Walker, Founder of LearnMeABitcoin; Ben Arc (@BTCSocialist), Lightning Network Guru; Max Hillebrand, Open Source Entrepreneur, and Matt Baldock, founder of Portsmouth Crypto among others.

Also, obviously inspired by The Peaky Blinders, this time round Birmingham will be visited by Thomas Hunt aka Mad Bitcoins along with the World Crypto Network #MadTourV crew. With Thomas in the driver's seat you can bet that BitBrum will be a Blinder!

http://www.bitbrum.org/

Meridian by Stellar – November 4-5, Mexico City

The inaugural Stellar conference, Meridian will bring together everyone in the Stellar universe, alongside major financial institutions and industry experts, for two days of networking and learning.

The conference will address fundamental questions facing the network, such as inflation and transparency, as well as the challenges around adoption and marketing.

Among Meridian speakers are Jed McCaleb, Co-Founder of Stellar; Denelle Dixon, Executive Director at Stellar Development Foundation; Ernest V. Mbenkum, Founder and CEO of Interstellar Wallet and Exchange; Pavel Matveev, CEO of Wirex; Cole Diamond, CEO of Coinsquare; Meinhard Benn, Founder of Satoshipay and Radoslav Albrecht, Founder and CEO of Bitbond.

https://meridian.stellar.org/

The Capital CoinMarketCap Global Conference - November 12-13, Singapore

CoinMarketCap, leading provider of financial metrics and graphs for cryptocurrencies, is the host of this “one-of-a-kind crypto & blockchain event like you've never experienced before.”

To put their money where their mouth is, CMC are gathering a really impressive lineup of speakers, including Sunny King, the legendary blockchain developer, inventor of Proof-of-Stake consensus mechanism and creator of  Peercoin and Primecoin; David Chaum, the Godfather of the cypherpunk movement, creator of eCash and, mostly recently, Elixxir, a brand new quantum resistant protocol, and Changpeng “CZ” Zhao, Founder & CEO of Binance, the world’s leading crypto exchange just to name a few.

Other speakers include Brandon Chez, founder of CoinMarketCap, Samson Mow, Chief Strategy Officer at Blockstream, Sunny Lu, Co-founder & CEO at VeChain, Matthew Tan, Founder & CEO at Etherscan; Mance Harmon, Co-founder & CEO at Hedera Hashgraph; Michael Gan, Founder & CEO at KuCoin; Perianne Boring, Founder & President at Chamber of Digital Commerce, and many others.

https://conference.coinmarketcap.com/

 DAS: Markets – November 13, New York City, USA

Organised by Blockworks Group, DAS: Markets brings together the key players building the future of the digital asset ecosystem on institutional level.

The event will gather over 500 leaders from the exchanges, alternative trading venues, custodians, insurers, banks, lenders and capital allocators that are required for participation in mature digital asset markets.

Attendees will primarily be buy-side investors, sell-side institutions, venture capitalists and other industry professionals interested in learning from respected industry leaders how to more confidently participate in the growing markets.

Featured sessions include:

Payments: Building the New Rails

Exchanges, OTC Desks and Dark Pools: How are Crypto Assets Traded?

Banking on Trust: Will the Market Ever Trust New Names in Custody?

Trading & Futures: Gaining Synthetic Exposure to Digital Assets

Do the Old Rules of Lending Apply to Digital Assets?

Challenges of Insuring Digital Assets

Mark W. Yusko, CEO  of Morgan Creek Capital and Managing Partner of its Digital Assets Group, is the conference’s keynote speaker. Other speakers include Sunayna Tuteja, Head of Digital Assets and Blockchain at TD Ameritrade; Michael Sonnenshein, Managing Director at Grayscale Investments; Diogo Monica, President & Co-Founder of Anchorage; Tim McCourt, Managing Director and Global Head, Equity Products and Alternative Investments at  CME Group.

Other participating companies include AIG, BNY Mellon, Genesis Trading, Global Debt Registry, Marsh, MasterCard, Multicoin Capital, State Street and many more.

https://blockworksgroup.io/dasmarkets2019  

C20 Conference Bitcoin + Blockchain - November 16-17, Buenos Aires, Argentina

Dubbed the most important Spanish-language crypto conference in the world, C20 will feature two days of seminars, workshops, Q&A sessions, networking opportunities, speakers and panel discussions with experts on the most important business developments, technical innovations, regulatory analysis, and public policy issues.

A wide array of speakers includes Sebastián Serrano, CEO at Ripio; Diego Gutiérrez Zaldívar, CEO at RSK; Sergio Lerner, Chief Scientist at RSK; Martín Hagelstrom, IBM Blockchain LatinAm; Marina Solanas, CEO at WABA.network; Carlos Maslatón, Xapo; Franco Amati, Bitcoin Iberoamérica; Rodolfo Andragnes, B4H, Aaron Koenig, Founder of Bitfilm Production.

https://www.c20.io/index-english.html

Binance Research: Ethereum-based Staking Services Booming on Proof-of-Stake Networks

VeChain (VET) Smashes 3-Month High With Stunning 14% Surge as Broader Cryptocurrency Market Stands Still

Buy and sell Bitcoin the easy way

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With the recent explosion in price of top altcoins such as Bitcoin Cash and Bitcoin SV, investors and traders have started asking about the next altcoin season and how to take advantage of it.

At the end of the day, cryptocurrencies are a highly speculative asset class which can increase and decrease in price at any given moment.

Volatility is king in the altcoin market, but this volatility is a great way to increase your holdings and potentially make some good profits.

In this article, I will discuss three reasons why you should take advantage of the upcoming altcoin season and some techniques you could try out.

As always, the views in this article should not be considered financial advisement. The volatility of the crypto markets means money can easily be lost. Never invest more than you can afford to lose.

Is altcoin season a thing?

There are two main reasons why people buy altcoins. The first is to increase their BTC stack by selling those altcoins when prices are high versus Bitcoin. The second is to hold and keep said altcoins for long periods of time in the hope they will appreciate significantly in value, either by storing them in hardware wallets or by committing them to DeFi.

Even though I personally don’t see much advantage in the second strategy, I respect those who have skin in the game. Buying and holding Bitcoin and altcoins will forever be a sane strategy for those who do not wish to deal with the complications of price swings.

However, for the purpose of this piece, I will assume most altcoin investors simply wish to increase their Bitcoin stack.

You may be asking yourself whether the altcoin season is really a thing. Will altcoins really recover and surpass previous all-time highs? Or will most wither away and die like so many in the recent past?

Even though a great deal of altcoins will most likely fade away, the ones that remain will potentially explode in value – at least according to previous bull runs.

Looking at the image above, courtesy of CoinMarketCap, can help you understand how things work. In late 2013, at the peak of the bull market, the top 10 coins by market capitalisation included names such as Peercoin, Namecoin, Megacoin, and Feathercoin.

Of the top 10 altcoins in 2013, only the initial three remain at the top in 2020: Bitcoin, Litecoin, and Ripple.

Taking advantage of altcoin season So how can you take advantage of altcoin season?

Is there a process you should follow? Which altcoins will increase in value against Bitcoin and which won’t?

To answer these questions and more, I will cover the three reasons why I personally diversify a percentage of my portfolio into altcoins.

While other investors and speculators might have a different approach and alternative methods, I see altcoins as a way to diversify risk.

After all, putting all your eggs in the same basket is one of the worst strategies advisable. As with any asset class, hedging is key.

If you’re wondering why, let me discuss the first reason why I believe cryptocurrency traders should take advantage of altcoin season.

Information asymmetry If you believe the crypto markets are not that efficient, going against Efficient Market Theory (or EMT), then investing in altcoins is a must.

Even though I personally think Bitcoin will remain the world’s largest cryptocurrency for the foreseeable future, I can’t guarantee that:

Bitcoin won’t get a critical bug Bitcoin’s inflation/supply will not change The perception of the market towards BTC will remain the same An altcoin won’t flip Bitcoin in price or adoption Governments won’t try to clamp down on Bitcoin There’s probably more reasons why Bitcoin (and the entire crypto market for that matter) could fail.

As such, different people have access to different information, and if there are plenty of arbitrage opportunities within the Bitcoin market, imagine the amount of opportunities between BTC and altcoins.

Therefore, it makes sense to hedge against yourself and your knowledge of the market.

To conclude, putting a minor percentage of your portfolio into altcoins is, in fact, a smart move. Let me discuss that next.

Decrease your portfolio risk The most important aspect of investing is to increase returns without increasing risk.

In other words, increasing your reward/risk ratio is key if you want to be a long-term successful investor. Why? Because if you do not hedge, the likelihood of a black-swan event wiping out most of your portfolio is much higher.

To avoid losing everything, it’s advisable to hedge against your main position.

In the case of Bitcoin, that would be to hold some fiat currencies and altcoins as well – maybe even gold and oil.

While it’s arguable that if Bitcoin fails, altcoins will probably fail as well, there’s absolutely no logic to price appreciation and how value is accrued.

Given those facts, I personally think investors should always hedge against Bitcoin by having a minor percentage of their portfolios in altcoins.

Although everyone should do their own due diligence, historically, the top five altcoins have been the “safest”.

Finally, the last reason you should take advantage of altcoin season is pretty obvious.

Increase your Bitcoin stack By purchasing altcoins, investors and traders are opening up the possibility of making gains that can be converted back into Bitcoin.

Even though it’s highly unlikely BTC/USD will skyrocket by 10,000% again, that is not true for some altcoins.

Therefore, it makes sense to diversify into some key altcoins – ones that perhaps have fundamental market value.

If stacking sats is your thing, never forget there are plenty of ways to achieve that goal. Perhaps the most common, and the one that will yield the highest returns, is investing in altcoins.

By taking advantage of the next altcoin season, you may be able to exponentially increase your Bitcoin stack.

Safe trades!

Disclaimer: The views expressed in this article are the author’s only. This article isn’t financial advice or promotional material; it represents my personal opinion and should not be attributed to Coin Rivet. 

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Proof of Stake Vs. Proof of Work: Which One Is ‘Fairer’?

Blockchair has announced the support of 24 new blockchains into its platform, significantly enhancing its multi-blockchain explorer and professional tools offering.

This expansion includes prominent names such as Solana, Base, TRON, Arbitrum One, Polygon, Polygon zkEVM, Linea, Optimism, TON, Beacon Chain, Aptos, Avalanche, DigiByte, Fantom, Handshake, Moonbeam, Peercoin, Polkadot, Sei EVM, and XRP Ledger, but also upcoming Layer 2s on Bitcoin such as BOB, Botanix, Rootstock, and Liquid Network.

 ‘Blockchair has historically been a Bitcoin and UTXO-chain explorer. Our expansion into the Bitcoin Layer 2 ecosystem feels nothing but natural and we’ll keep adding more and more upcoming Bitcoin Layer 2s.’

Nikita Zhavoronkov – CEO & Lead Developer at Blockchair

The addition of these 24 blockchains brings unique capabilities and features to Blockchair’s already robust platform. This integration sets Blockchair apart from other block explorers by providing a unified interface to explore data across 42 popular chains. Users can now seamlessly access and analyze data from multiple blockchains, benefiting from enhanced user experience and functionality.

Alongside this expansion, Blockchair has also unveiled a comprehensive platform redesign aimed at improving user experience and accessibility.

New design with AI Assistant The redesigned platform boasts lightning-fast performance and a modern, clean interface that simplifies navigation and improves accessibility. Key enhancements include intuitive navigation and distinct sections dedicated to Bitcoin, Ethereum, and other ecosystems. Additionally, the Blockchair AI Assistant is introduced to help users interpret and understand on-chain data effectively and get professional support.

‘Since 2016 we have received lots of similar questions from crypto users related to their on-chain transactions, and there is fundamentally no real-time tech support for decentralized cryptocurrencies. Providing crypto users with comprehensive and, what is even more important, a safe support system – is no easy task. We have solved it. We believe AI-powered human-like interactions are the future of UI.‘

Yedige Davletgaliyev – Head of Research at Blockchair

Blockchair’s AI Assistant guides users in multiple languages through understanding on-chain data with questions such as:

How long will it take for my transaction to be processed? What can be done to speed up or revert/cancel a transaction? How to distinguish between fraudulent and legitimate advice? The AI assistant has already guided thousands of users not to send money or seed phrases to scammers, and will soon be made available for developers in the API.

Blockchair also improves its UX by expanding its offering of fiat currencies in which the data can be denominated and adding KYA/KYT scores to check transaction risk evaluation. According to the Blockchair team, the platform will continue to add support for new blockchains and work on its professional developer tools.

About Blockchair: Blockchair offers the most private search and analytics engine and a wide range of professional tools for scientists and developers of multi-currency wallets and exchanges, for 42 different blockchains. This includes APIs, PDF receipts and Wallet statements generator, Awesome Catalog of Blockchain and Crypto services, News Aggregator, Data Dumps, an anonymous portfolio tracker, and charts with blockchain and monetary data. The website is offered in 20 languages and no user data is gathered nor shared with third parties.

For more information or questions: [email protected] [email protected] Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]