What Crypto Is Best? – Part 2
By Luke Flowers – Cryptocurrency Broker
Currency has evolved from physical currency, metal currency, paper money and electronic money. Now we have an extensive range of altcoins to buy and sell cryptocurrency. We look at some other popular coins, their design and functionality:
Bitcoin Cash
It was started by the miners and developers of Bitcoin who had concerns over its scalability and future. With the initiation of the ‘hardfork’, as it is known in blockchain technology, it made a change to the protocol to make unconfirmed blocks/transactions valid. This created the new currency: Bitcoin Cash.
Bitcoin Cash increased its block size from 1MB to 8MB allowing larger blocks to transact more quickly with lower fees. The downside means it is more memory intensive and even though it has more capacity in the short term, the original Bitcoin is likely to have more capacity in the long term with its scaling solutions. You can buy Bitcoin Cash here at our platform.
Stellar
This altcoin is in partnership with IBM and offers a network to connect banks, payment systems and people all over the world. Its goal is to achieve fast, cheap and reliable cross-border payments. Lumens (XLM) is the unit of currency that is exchanged between fiat currencies.
Unlike some other digital currencies, it has an unlimited supply. If coins can be created easily, there’s concerns of potentially flooding the market to force the price of the coin down and it could end up becoming worthless. We have Stellar available at BC Bitcoin for you to buy as the UK’s most trusted Bitcoin broker.
EOS
EOSIO labels itself as the most powerful infrastructure for decentralised applications. Even though it was launched in June 2017, 2018 has seen a big climb in people’s incentive to buy EOS. It is similar to the Ethereum networks function and EOS supporters have called it the ‘Ethereum killer’.
It implements a consensus over events and puts a focus on the transactions as opposed to the state. This means the system can take longer to completely reconfirm the transaction history when it restarts but can manage a higher quantity of possibly one million transactions per second through Distributed Proof of Stake. This level of scalability could be an indication for a bitcoin investment for 2019.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards