FREQUENTLY ASKED QUESTION

The term “blockchain technology” typically refers to the transparent and publicly accessible ledger that allows anyone to securely transfer the ownership of units of value using public key encryption and proof of work methods.

The technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. In fact, the larger the network grows and becomes increasingly decentralized, the more secure it becomes.

The Bitcoin Network is the first successful implementation of blockchain technology. However, the potential of this technology is not limited to bitcoin alone, rather, it has gained a lot of attention in a variety of industries including: financial services, charities and nonprofits, the arts, and e-commerce.

Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Bitcoin’s payment network (also called the bitcoin blockchain) is what makes it possible for us to transact with one another. The network uses distributed consensus to verify and confirm transactions, and consensus is reached via a large global network of high-performance computers (called miners) running the bitcoin software.

Bitcoin’s existence began with an academic paper written in 2008 by a developer under the name of Satoshi Nakamoto. The paper described the foundation for what was intended to be a peer-to-peer electronic cash system that was secure, affordable, and efficient far beyond conventional banking standards. The system Satoshi described was developed into open-source software and the first bitcoin transaction (also known as the Genesis Block) was confirmed on January 3, 2009.

Transactions are defined using a Forth-like scripting language. Transactions consist of one or more inputs and one or more outputs. When a user sends bitcoins, the user designates each address and the amount of bitcoin being sent to that address in an output. To prevent double spending, each input must refer to a previous unspent output in the blockchain. The use of multiple inputs corresponds to the use of multiple coins in a cash transaction. Since transactions can have multiple outputs, users can send bitcoins to multiple recipients in one transaction. As in a cash transaction, the sum of inputs (coins used to pay) can exceed the intended sum of payments. In such a case, an additional output is used, returning the change back to the payer.  Any input satoshis not accounted for in the transaction outputs become the transaction fee.

Though transaction fees are optional, miners can choose which transactions to process and prioritize those that pay higher fees. Miners may choose transactions based on the fee paid relative to their storage size, not the absolute amount of money paid as a fee. These fees are generally measured in satoshis per byte (sat/b). The size of transactions is dependent on the number of inputs used to create the transaction, and the number of outputs.

There is no exact number of existing cryptocurrencies exist in the ecosystem, this is because the code of the cryptocurrency is an open source, this means that anyone has the chance to create their own version of cryptocurrency by just using the code. But as to this moment, the estimated cryptocurrencies in the marketplace is about more than 900, along with the data embedded on them, which can be seen on the list of registered coins.

Cryptocurrency is basically a virtual exchange medium that uses a cryptography in order to secure its transactions and control the creation of the system units. Meaning, cryptocurrency simply represents money in the digital marketplace nothing else. It is based on an open-source software, cryptography and networking. It lets people or users avoid fees or the lowest fees as compared to what your banks are charging. The system takes part in the non-cash transactions that is anonymous while guaranteeing a secure transactions.

Basically, cryptocurrencies are known for their00 extreme security and anonymity to the highest level. Transactions made by this system cannot be reversed nor faked and compared to what your local bank are doing in its client charging high transaction fees. In cryptocurrency the fees are to the lowest level, making it reliable than the conventional currency in the marketplace. Its decentralized nature means they can be available to everyone, in which banks can only be available to those they permitted to open accounts.

The first cryptocurrency that was recorded in the digital data was bitcoin, created in the late 2009 and still as of now the best cryptocurrency known in the marketplace. A creation of cryptocurrencies has started emerging in the past decade and now more than 1000 cryptocurrencies can be found on the internet.

Bitcoin: This cryptocurrency was the first in the ecosystem and the most commonly traded cryptocurrency until today. In 2009 Satoshi Nakamoto developed Bitcoin, a mysterious digit who developed blockchain. For the record it has a market capitalization of $128 billion dated 2020 of April.

Ethereum: 2015 is the year Ethereum was born, a token based currency used in Ethereum blockchain, it is placed in the second in rank on the most valuable and popular cryptocurrency in the marketplace. Ethereum has market capitalization of $19.4 Billion as of 2020 of April. Ethereum had a very turbulent journey. After a major hole causing it to be hacked in 2016, as result it split into two currencies, the value of Ethereum in recent months has reached high as $400 but crashed to as low as 10 cents.

Ripple: a cryptocurrency uses a distributed ledger and it was created in 2012. Ripple has a feature to track the type of transaction made, not just cryptocurrency. Ripple has been used by UBS and Sandander, it has more than $19.5 billion market capitalization as of 2020 of April.

Litecoin: Litecoin is a cryptocurrency that is similarity with bitcoin, but move quickly on its developments, this includes more faster payments and processes more transaction at a time. The estimated overall value of Litecoin is more than $2.6 billion as of 2020 of April.

This depends on some factors. But in general, if the kind of cryptocurrency was just recently introduced in the marketplace, the computing power needed in order to mine the coin is obviously low compared to the highly established crypto currency in the market.

These are list wherein you can acquire cryptocurrency coin.

• Accept payment for a certain goods and services offered in the market.
• Purchasing specific coins on legitimate exchangers online.
• By simply exchanging coins to someone you know or some that is near you.
• Earning it by simply mining.

Mining cryptocurrency is the process of generating units in the cryptocurrency.

To understand better, let us assume a large economy with billions of dollars in banks altogether. Now, since this situation is not physically possible for them to store these currency notes in banks, so they store it in a digital format with central reserve bank. The reserve bank then maintains a digital record of what it was owed to bank but doesn’t keep the notes in physical form. So whenever it needs to push money into the system and short of its notes, they will be printed and issued.

Despite the fact that the reserved bank has the capability to print as many notes, it does not do without a valid reason. This is because when more currency is printed, more money is circulated in the market, therefore this will not make people richer, this will only devalue the existing currency. The more the units in the market the more it is divided and it becomes less.

The situation is the same when it comes to cryptocurrency, the mining of cryptocurrency is monitored carefully to ensure the value of existing coins will not depreciate.

Like US dollar and most currencies in the world would qualify as a digital currency. Because only a little of them exist as a physical bills. When the community is talking about them “creating” more money. What they just actually did was to add numbers in the system.

A cryptocurrency is extremely secured cryptography, in which dollars are secured by, nothing really. Governments and banks can make money when they feel like making one, and rules should be applied on the amount of funds to be created, but in reality of life, there’s no limit at all.

As holder, you need to trust entities to transfer digital currency any time using your WU, Wire transfer, debit card, check, money-gram or just anything other than cash. They can manipulate or stop your transfer, or take your money, or fail to deliver if they feel like the transaction was incompetent.

A cryptocurrency uses a cryptography in order secure every transfers so the function of third party will not be needed anymore, because transfer can be directly send to the receiver without any interception from other.

This is all about storing a cryptocurrency, wallet concept can be daunting a bit for the uninitiated. Basically, there are wallet software (this can be desktop, online or mobile), hardware based wallets, and of course the paper wallets. Talking about the “best” wallet in the ecosystem will be different for each one of us, it depends on a particular needs.

Wallets don’t just store cryptocurrency directly. It is accurate to think wallet as storing private keys. The Public key cryptography allows cryptocurrency to function, and uses a specific algorithms in order to generate pairs of keys. Public key is the address to which anyone can send its cryptocurrency balance. The private key allows owners spend funds from the specified address. Without the private key, public address becomes bottomless pit that you can only see; money still be sent there, but lost without a private key.

The type of wallets simply represents various ways a certain can secure their secret private key. There are two main types of cryptocurrency wallet, the hot and cold, these refers to the level or internet connectivity of the wallet. Paper wallet and hardware wallets are not actively connected to internet and considered as cold storage. Hot wallet is internet connected wallet, easy to spend, but vulnerable to cyber-attacks. A cold storage protects you from cyber-crime, but still it will be the owner’s responsibility to secure their property.

A cryptocurrency market and exchange are both service in web, allowing cryptoccurrency token holder to trade to other currency or conventional monetary to their system. According to record, there are more than 2000 cryptocurrency exchangers in the ecosystem, among the largest are Bitstamp, Cryptsy, and Coinbase.

The value of cryptocurrencies are ranked in a value or unit times and the cost of exchange to buy equals the capitalization in the market. For instance 1 Steem coin is worth $1.50 on Poloniex this rate was in the previous month. But the price can move at any moment, the market capitalization is only an estimate of the overall value of the digital currency.

Bitcoin or BTC, the first ever cryptocurrency in the digital marketplace, has gone from its media sensation to quite a few years. But upon its wake, an estimate of more than 800 new cryptocurrencies sprung in the digital market, just like mushrooms after a strong thunderstorm.

When is the right time to invest? The best strategy that most successful people did was consistently investing over time, this strategy minimizes the strong impact of volatile prices. For instance, you want to invest on Monero, but don’t have the idea if this currency is going to go down in the next days, buying every week instead of buying them at once is the ideal way because you will have a track of the changes in the marketplace, and with the strategy you will get a higher chances of getting a good deal. In short, investing in time is ideal, because this helps you adjust on the ups and downs of the prices effectively.

These cryptocurrencies are obviously safe and more and more people are trusting it, this is because of its decentralized feature, the transparency and how the system works. Almost more than three million Bitcoin users are in the marketplace right now, most are doing investment in the said currency.

Mining cryptocurrency is the process of generating units in the cryptocurrency.

To understand better, let us assume a large economy with billions of dollars in banks altogether. Now, since this situation is not physically possible for them to store these currency notes in banks, so they store it in a digital format with central reserve bank. The reserve bank then maintains a digital record of what it was owed to bank but doesn’t keep the notes in physical form. So whenever it needs to push money into the system and short of its notes, they will be printed and issued.

Despite the fact that the reserved bank has the capability to print as many notes, it does not do without a valid reason. This is because when more currency is printed, more money is circulated in the market, therefore this will not make people richer, this will only devalue the existing currency. The more the units in the market the more it is divided and it becomes less.

The situation is the same when it comes to cryptocurrency, the mining of cryptocurrency is monitored carefully to ensure the value of existing coins will not depreciate.

Cryptocurrencies has many benefits. Basically, it is the best alternative for any transactions and even investment.

• • Asset Transfers: Cryptocurrency holder have exclusive governance of your account, this minimizes the time and expense involved in making asset transfers.

Transactions: They are one-to-one affairs, taking place on a peer-to-peer networking structure that makes “⦁ cutting out the middle man” a standard practice.

• Asset Transfers: Cryptocurrency holder have exclusive governance of your account, this minimizes the time and expense involved in making asset transfers.
• More Confidential Transfers: The exchange of information is done on a “push” basis, whereby you can transmit exactly what you wish to send to the recipient – and nothing besides that.
• Transaction Fees: The advantages of cryptocurrency is that they are still likely to be much less than the transaction charges incurred by traditional financial systems.
• Greater Access to Credit: The cryptocurrency ecosystem holds the potential to make asset transfer and transaction processing available to this vast market of willing consumers – once the required infrastructure (digital and regulatory) is put in place.
• Easier International Trade: Using the peer-to-peer mechanism of the blockchain technology, cross-border transfers and transactions may be conducted without complications over currency exchange fluctuations
• Individual Ownership: The greatest of all advantages of cryptocurrency is that unless you’ve delegated management of your wallet over to a third party service, you are the sole owner of the corresponding private and public encryption keys that make up your cryptocurrency network identity or address.
• Adaptability: The “privacy coins” which help mask your identity on the blockchain, and supply chain tokens which can facilitate supply chain operations for various types of industries.
• Strong Security: The strong encryption techniques employed throughout the distributed ledger (blockchain) and cryptocurrency transaction processes are a safeguard against fraud and account tampering, and guarantors of consumer privacy.
• A Big Money Spinner: The right Cryptio Currencies under your custody could be a great money spinner for you on a Trading Platform due to the ever growing Crypto Market future

The Initial Coin Offering or ICO as it is commonly called, is a model to raise the funds for the new project, which is based on the Blockchain. In this model Blockchain developers come up with innovative idea, they show their project to the investors and offer some units of new cryptocurrency or crypto-token in the exchange against a Security Share digitally in their planned projects.

Initial Coin offering is a strategic model, also known as a token sale. The model is prepared to raise the funds for the Blockchain based projects. The Blockchain developers release their token and sell it against the Cryptocurrency like Bitcoin and Ethereum, which are bought by the Investors using their fiat currencies. Once the tokens are launched in the market the participants get their Digital Share of the proposed business, in the form of Tokenized Cryptocurrency.

The concept of ICO – Initial Coin Offering emerged due to Blockchain technology. Its process is simple. When the Blockchain developers find an innovative idea, they suggest it to the community. Once the project gets approved, they prepare a white paper, where they include the scope of the project, its vision, and all technical aspects. After white paper, to reach a maximum number of investors, the marketing campaign begins. During the marketing campaign, they elaborate all features and benefits of the project. ICO date is unveiled when the token sale is scheduled to begin. There is usually a defined time period to raise the required funds, after which the sale closes. Investors then start receiving their digitized tokens and plans are made for them to go live on exchanges for trading.

Tokens are a digital asset that is sold to the public during an ICO campaign, usually for other cryptocurrencies like Bitcoin and Ethereum. Unlike other cryptocurrencies like Bitcoin and Ethereum, tokens do not have their own blockchain rather hosted on another Blockchain.

Utility Token: Utility token is also known as app token. Once you buy utility token during ICO then you can purchase their products and services.<

Security Token: Security token is also known as equity token. Such token acts as a stock after the token sales ended. Once you have some certain amount of security token, then you are a rightful owner of a certain percentage of a company.

In such situation only sold token will be created and issued. For example, if only 30% of the tokens are sold in the first round, then only 30% will be generated.

Easy fundraising: The model of ICO is proving the finest way to raise the funds for the Blockchain based projects. The Blockchain startup company needs to make a proper planning of their project and show it to investors, if investors liked this model then they invest in the project.

International reach: ICO or Token sales provide an opportunity to reach international market without any complication. Unlike IPO, company can only issue their stock for trading in the registered company.

• Many ICOs are turning into scam, such ICOs have fake account and identities on various social network platforms.
• Anonymity is the main problem here, the people behind the projects are anonymous, thereby authenticity of the project is also becomes a question mark.
• ICOs are still not legal in many countries.
• The project’s authors do not provide an example of their blockchain code.

The present market of ICO is more than $ 4 billion and by the 2022, the market of token sale will surpass the figure of $ 300 billion. So from the stat it is not difficult to guess that in future every major industry would like to leverage the concept of token sale. If we see some major sectors who are actively participating in the ICOs are Education, Artificial Intelligence, Drug and Health, business and services, Gaming, infrastructure, and Data Analytic.

The market of token sale is directly proportional to the cryptocurrency market. Simply put, if the price of the cryptocurrency is surging then market of initial coin offering list will also boost. Now the market of ICO and Blockchain is at primary stage, and in future as more and more people will know about it likewise new players will jump in this sector and market of initial coin offering will bigger and better. So without any doubt the future of the ICO initial coin offering is 100% bright.

Go through the white paper of the ICO meticulously; here you will get the all-important information about the best ICOs which you are looking for. On White Paper you will get the important information like project and its goal, the team behind the project and their relevant experience, the idea and the roadmap of its execution, approximate goals and means of reaching them, and so forth.

Make sure that ICO has strong and open supporting community. Their presence in different social media platforms like Facebook, Twitter, and Telegram is a positive sign and you can trust on them.

Evaluate the code of ICO. If the code of the project is not working or if it is working, but not open source then it is a sign of scam. If you have small coding knowledge then you can understand a lot about the project.

Yes, it is very safe. But you have to make sure that you have understood TETSOL’s business and its promissing future, before investing. When TETSOL Tokens are listed in the global trading plateform, it will give you a better idea that you have made a wise decision in investing on TETSOL tokens. We list our ICO Toekn after in-depth research that not only worth investing but also ensures the best return on investment.

Well, CoinMarketPlus provide a hassle-free ICO platform; thereby users can join, invest and participate in ICO seamlessly. Here notable thing is that each ICO has a different rule to join ICO. On our website, you have to click on Join – Buy Token Link and follow the instructions to participate in ICO.

If we leave the past and see the present era then you will see this sector is growing at exponential rate. Countries are accepting cryptocurrencies and regulating it. The legality of ICO initial coin offering depends on countries’ economic policy. China’s Government, one of the major Digitized Economy in the world, has legalized it and officially launched their own Digital Currency to rival the US DOLLAR. In future, you will see a huge potential in this sector. The same goes with USA as in US the ICO launching is treated as legal.