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Cloud Storage Cost Comparison: Which One Is Best?

When it comes to choosing a cloud storage service, which one offers the best value?

Cloud storage is becoming increasingly popular. This is mostly because it allows you to store all sorts of files and access them whenever and wherever you want, as long as you have a device that can access these files.

Perhaps the best part, though, is that your files arent stored locally on your computer or mobile device, but rather in the cloud. Of course, when we mention the cloud, were essentially referring to what is for some a magical place on the internet where everyones files are stored, but its really nothing more than a remote server farm that houses all of your photos, videos, etc.

There are a handful of cloud storage services that you can choose from: Dropbox, Google Drive and OneDrive are some of the major players in this market. They offer various competitive features in order to gain their users. However, it really comes down to price for many consumers; getting the best value overall for their hard-earned dollar. That is why cloud storage cost is such a big deal.

Well be comparing six popular cloud storage services and trying to find which one offers the best value: Dropbox, Google Drive, Microsofts OneDrive, Apples iCloud Drive, Box or Amazon Cloud Drive.

iCloud Drive doesnt really compare to the other cloud storage services because its really not quite the same theres no standalone iCloud Drive mobile app for the iPhone or iPad. But you can at least get a file explorer-type view of your iCloud Drive files on Mac, just as long as youre running OS X Yosemite or newer.

Heres how these six cloud storage services compare to each other and what you should look out for when shopping for one to use.

Below youll find a handy chart that gives you lets you quickly compare six cloud storage services with ease.

Perhaps the two most important things to look for when deciding on a cloud storage service is the amount of free storage you get, as well as the price-per-GB, if you choose to go with a paid plan.

For many users the free tier is the most common option, as you can use it to store a handful of files without paying anything. The more free storage you have, the better (obviously).

When it comes to paid plans, you want a plan that gives you as much storage as possible for the lowest price possible. Of course, there are other factors like different features, device support and the overall cost, so keep those in mind as well.

Now, lets go over each cloud storage service briefly and highlight the pros and cons of each one.

Dropbox is perhaps the easiest service to use out of the bunch and the simple user interface helps make that happen.

Plus, there are Dropbox apps for pretty much every platform and device you can think of. So whether youre an iOS, Android, Windows Phone or even a BlackBerry user, its all the same to Dropbox.

The desktop apps, especially, blend in well with both Windows and OS X, making it easy to add and remove files from your computer. Perhaps the biggest downside of the service, though, is that youonly get 2GB free, which is the least amount of storage out of the six services compared. However, thats usually enough to store most of your important files and Dropbox makes it really easy to earn more storage anyway.

Google Drive is a lot like Dropbox in that the desktops apps also blend in well with the stock file explorers in Windows and OS X. But Google Drive might be the superior service for avid Google users since it seamlessly integrates with Gmail, allowing you to save email attachments directly to Google Drive and even attach files to an email from Google Drive.

Plus, Google Drive offers a solid 15GB for free thats shared with Gmail, giving you plenty of space for your files without paying anything.

However, uploading photos from your phone is a kind of a pain. The app can automatically upload photos that you take to your Google+ profile, but theres no way to have them sync to the Google Drive desktop app.

Without a doubt, OneDrive is the best cloud storage service to use if youre a Windows user. It works seamlessly with Windows and Windows apps and if youre running Windows 8 or newer, its already built into the platform.

It works great with the Office apps, allowing you to open and save files right from OneDrive without any hassle.

There is still appeal for those who arent Windows users, since there are Mac and iOS apps available. But you have to sign up for a Microsoft account in order to use OneDrive, which really isnt worth it, especially with other cloud options available.

iCloud Drive is Apples own cloud storage service and it works seamlessly with all Apple products running iOS 8 or newer and OS X Yosemite and newer. Its a bit limited compared to an actual cloud storage service, since theres no standalone iCloud Drive app for iOS. Because of that, you cant really access any of your iCloud Drive files like you would with Dropbox or Google Drive. Plus, its paid plans are a bit on the expensive side.

However, the biggest use for iCloud Drive is probably storing photos, thanks to iCloud Photo Library that automatically syncs photos that you take with your iPhone to your Mac and other Apple devices.

Even if you use iCloud Drive, wed recommend using something else, like Dropbox, in order to have a true cloud storage service at your fingertips.

Box is great for collaboration, so its perhaps the best option for students and small businesses, but it can be used by anyone. Plus, you get 10GB for free, which is pretty respectable. While Google Drive offers more storage for free, it has to be shared with Gmail, making it a bit inferior because of that.

Box has the features that make it a good and simple cloud storage service, butits probably a bit too much for users just looking to simply store their photos and other files.

Box does have a business plan that offers unlimited storage for just $15/month but, again, its mostly just aimed at businesses rather than individuals.

Amazon Cloud Drive is a unique option and it may be the best option for those who have a ton of photos that theyre wanting to store in the cloud.

The service offers unlimited photo storage and 5GB for other files for free for Amazon Prime members ($11.99 per year otherwise) and if you use Amazon at all, you probably already have Prime.

Amazon Cloud Drive is also the only service out of the six that offers a non-business plan where you can store an unlimited amount of files. This costs a very reasonable $59.99 per year (or $5 per month).

When it comes down to it there is no right or wrong choice and the cloud storage service that you should use can depend on what devices you use.

Dropbox is great for any platform, while OneDrive, Google Drive, and iCloud Drive are fantastic for Windows users, Google users and Apple users, respectively.

If youre looking for the best value, though, Amazon Cloud Drive is technically the one to go with, since it offers some kind of unlimited storage. Since many people likely already have an Amazon Prime membership they wont have to pay a cent for it.

OneDrive also offers a good value at $0.007 per GB, with Dropbox close behind at $0.008 per GB. However, if youre looking for the cloud service that offers the most free storage, OneDrive gives you 15GB for free with the chance to earn 20GB more, giving you the potential for 35GB of free cloud storage.

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Cloud Storage on Your Windows 10 PC – dummies

By Dan Gookin

The most common cloud service is file storage. A branch of folders and files on your PCs mass storage system are duplicated on the Internet, available on the web or from any other Internet-connected gizmo.

Whether your PC has a cloud storage subscription or not, you can always get one. Several services are available, which include a modicum of free online storage. They all work in a similar manner:

Install the cloud storage software on your computer.

This is the program that synchronizes your files from the PCs mass storage system to the Internet.

Create an account.

The account provides the Internet access, not only to coordinate the files but also to a website where you can access your files online.

Start using the service.

You copy files to the folders on your PC, which are echoed to the Internet and synchronized across any device that also uses that cloud storage.

Three popular online storage services are Microsofts OneDrive, Googles Google Drive, and Dropbox. Here is a list of these services and their web addresses. Visit the address to download the software.

To add the cloud storage to your PC, follow the general steps. Visit the web page to install the software, create an account, and then start using the service.

One drawback to cloud storage is limited storage capacity. That can be addressed if youre willing to pay for more storage.

More cloud storage options exist than the three you find here. Some are open to anyone, but many are paid subscription only for example, Adobes Creative Cloud.

Microsofts cloud storage service was originally called SkyDrive. Then they found out someone else owned the name SkyDrive, so Microsoft changed it.

To make cloud storage work, save files and create folders within the cloud storage folder tree on your PCs mass storage system. The folders are found in your accounts home folder, given the name of the cloud service that youre using. For example:

Dropbox

Google Drive

OneDrive

Open those folders and you often find additional folders, such as Documents, Pictures, Music, and so on. You may find documentation on how to use some of the folders.

As an example, here are the steps to copy a file from your home folders Documents folder to the OneDrive Documents folder:

Press Win+E to summon a File Explorer window.

Choose Documents from the left side of the window.

What you see is actually a library, not the specific documents folder for your account. Thats okay; the same files are available.

Click to select a file, and then press Ctrl+X to move (cut) the file.

From the left side of the window, choose OneDrive.

It should appear in the Quick Access list. In fact, you may also see Dropbox and Google Drive in that list as well.

Double-click on the Documents folder to open it.

Technically, youre now looking at the contents of the OneDriveDocuments folder.

Press Ctrl+V to paste the file.

The file is moved from the Documents folder to the OneDriveDocuments folder. (If you want to move it back, press Ctrl+Z to undo the operation.)

After the file is copied, its immediately synchronized with cloud storage on the Internet. After a few information superhighway moments, that file is available via the web or on any other device that has access to cloud storage.

These steps demonstrate copying a file to cloud storage, but you can also copy a file from cloud storage, move files, rename them, add folders, and so on.

When you delete a file from cloud storage, its removed from all cloud storage devices.

You can move files between devices by copying them to cloud storage.

Both Google Drive and Dropbox folders are accessible through teensy-weensy icons in the taskbars notifications area.

You can still use your PCs cloud storage folders while the Internet is offline. Any files you add or modify in the cloud storage folders are instantly synchronized after the connection is resumed.

Windows uses the backslash character, , to separate folder names when specifying a path. The term path describes the folder hierarchy, listing all parent folders for a specific folder or just the relevant parent folders.

The most common way to access your cloud storage is from any web browser; navigate to the cloud storage website and log in, and there are your files. OneDrive even lets you preview and examine files online; you can edit Microsoft Office documents if you subscribe to the Office 365 service.

On other devices, you must obtain the cloud storage app. For example, on Android phones and tablets, visit the Google Play Store to obtain apps for Dropbox and OneDrive; Google Drive is included on all Android devices (the app is named Drive).

You see the Dropbox folder on a PC right next to how that folder looks when accessed on an Android tablet. To do so, you open the Dropbox app. Files and folders are identical and synchronized between both devices.

For a laptop or another PC, add the cloud storage software as you did for your first PC. On Windows 10, the OneDrive connection is made automatically, so theres nothing more to set up.

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Security and encryption | Documentation | Turtl

Turtl uses encryption to protect your data in such a way that only you, andthose you choose, are able to view your data. Keep reading for a high-leveloverview of Turts encryption and how it protects you.

Simply put, encryption is the process of scrambling data. Generally, this isdone using a key which is usually a passphrase. The only way to de-scramblethe data is using that passphrase.

Turtls encryption works by generating a key for you based on youremail and password. This key is used to lock and unlock (or encrypt anddecrypt) your data and keep it private. All of the encryption in Turtl happensbefore any data leaves the app, meaning that even if someone is snooping in onyour connection or someone hacks our database, everything youve put into Turtlis just gibberish to them.

Without the keys that only you hold, your data is useless.

As mentioned, Turtl creates a key for you when you log in based on your emailand password. It wouldnt be very useful if you had to give people this key whenyou shared data with them because it would give them access to all your data.Instead, Turtl generates a new, random key for each object. This key is whatis sent to people when sharing, allowing them to unlock the specific item yousend them and nothing else.

Keys are stored one of two ways:

If youre looking for a more comprehensive look at how Turtl does encryption,check out the encryption specifics page of the docswhich goes over the ciphers, block modes, and other methods Turtl uses whenhandling your data.

Encryption specifics

Turtl has a feature that keeps you logged in if the app is closed and reopened.This feature may have security implications. Read more about the Stay logged infeature.

Here are some possible scenarios where Turtls security measures will fail you.We try to provide an exhaustive list so youre aware of the dangers of relyingon Turtl.

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Bitcoin (BTC) Price, Chart, Info | CoinGecko

About

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority or banks.

Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.

Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.

The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

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Bitcoinker – The Best Bitcoin Faucet, Claim Every 5 Minutes!

Getup to 100,000 Satoshis every 5 minutesTotal paid: 1,639,181,911 SatoshisHow to use Bitcoinker?

1. Enter your Bitcoin address2. Solve the captcha3. Click on Claim Bitcoin

To check your address balance click herePlease read our FAQ page and faucet rulesYou can claim up to 120 times per 24 hoursYou are not allowed to use VPS, VPN or Proxy to connect to BitcoinkerPayouts are made every 1st day of the month for addresses above 20,000 Satoshis

Check out other Bitcoin faucets similar to BitcoinkerYou can use our banners to get more referrals: 300250 46860Share this link with your friends to earn a rewarding10% referral commission from each of their claims:https://Bitcoinker.com/?r=Your_Bitcoin_Address

Up to 30 days of using Bitcoinker- no bonus

Between 31 days and 60 days of usingBitcoinker- 10% bonus on all direct payouts

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Between 91 days and 120days of usingBitcoinker- 20% bonus on all direct payouts

Between 121days and 150 days of usingBitcoinker- 25% bonus on all direct payouts

Over 151days of usingBitcoinker- 30% bonus on all direct payouts

For each visitor you bring in to Bitcoinker your address will be paid 10% of all their claims.You can refer people by using the following link and replacing Your_Bitcoin_Address with your actual Bitcoin address: https://bitcoinker.com/?r=Your_Bitcoin_Address

Unfortunately we have no control over the difficulty of captcha as Solve Media sets the difficulty differently for every individual user based on many aspects. If it keeps getting harder we would suggest trying refreshing the page / clearing the cookies and history / a different browser.

This error should be due to a problem on the ISP side.Try refreshing the page / clearing your cookies / a different browser / resetting your router.

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Bitcoinker – The Best Bitcoin Faucet, Claim Every 5 Minutes!

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Bitcoin and Other Cryptocurrency Prices Are Crashing Again …

For months, the price of Bitcoin has been hovering around the mid-$6,000s mark. No longer. The most popular cryptocurrency has plummeted by 12% over the last day, hitting a value of little more than $5,500.

The total market capitalization for Bitcoin now stands at $96 billionthe first time the market cap has fallen below $100 billion since October last year. The total market cap for the entire cryptocurrency scene now stands at $181 billion.

Bitcoin is far from the only casualty, with cryptocurrency price charts all firmly in the red right now. XRP (Ripple), the second-biggest virtual coin, is down 9.2%, Ethereums Ether is down almost 13%, and Bitcoin Cash is down 8.7%.

So, volatility is back, butas is so often the caseits not entirely clear why that is.

One theory, touted by BKCM founder Brian Kelly on CNBC, is that the crash is being caused by disagreements over a hard fork in Bitcoin Cash.

Hard forks are where a major software upgrade takes place on a cryptocurrency, essentially creating a new cryptocurrency (with free coins for existing coin holders) while leaving the old one intactthats how Bitcoin Cash formed in the first place, and now its doing it again. There is no majority agreement in the Bitcoin Cash community over which version would be best, though.

IMF chief Christine Lagarde also hit the headlines on Wednesday by calling for more countries to explore the potential of digital currenciesbut central-bank-backed digital currencies, not Bitcoin-style cryptocurrencies.

A few countries such as Sweden, China and Canada are already exploring this idea, with a key driver being maintaining the safety of currency-using consumers. There is a possibility that, if such schemes come to fruition, they could encourage regulators to crack down on competing cryptocurrencies that offer no such protections.

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Encryption | General Data Protection Regulation (GDPR)

Companies can reduce the probability of a data breach and thus reduce the risk of fines in the future, if they chose to use encryption of personal data. The processing of personal data is naturally associated with a certain degree of risk. Especially nowadays, where cyber-attacks are nearly unavoidable for companies above a given size. Therefore, risk management plays an ever-larger role in IT security and data encryption is suited, among other means, for these companies.

In general, encryption refers to the procedure that converts clear text into a hashed code using a key, where the outgoing information only becomes readable again by using the correct key. This minimises the risk of an incident during data processing, as encrypted contents are basically unreadable for third parties who do not have the correct key. Encryption is the best way to protect data during transfer and one way to secure stored personal data. It also reduces the risk of abuse within a company, as access is limited only to authorised people with the right key.

The Regulation also recognizes these risks when processing personal data and places the responsibility on the controller and the processor in Art. 32(1) of the General Data Protection Regulation to implement appropriate technical and organisational measures to secure personal data. The GDPR deliberately does not define which specific technical and organisational measures are considered suitable in each case, in order to accommodate individual factors. However, it gives the controller a catalogue of criteria to be considered when choosing methods to secure personal data. Those are the state of the art, implementation costs and the nature, scope, context and purposes of the processing. In addition to these criteria, one always has to consider the severity of the risks to the rights and freedoms of the data subject and how likely those risks could manifest. This basically boils down to the following: The higher the risks involved in the data processing and the more likely these are to manifest, the stronger the taken security measures have to be and the more measures must be taken. Encryption as a concept is explicitly mentioned as one possible technical and organisational measure to secure data in the list of Art. 32(1) of the GDPR, which is not exhaustive. Again, the GDPR does not mention explicit encryption methods to accommodate for the fast-paced technological progress. When choosing a method one must also apply the criteria catalogue above. To answer the question of what is currently considered state of the art data protection officers usually rely on the definitions set out in information security standards like ISO/IEC 27001 or other national IT-security guidelines.

Encryption of personal data has additional benefits for controllers and/or order processors. For example, the loss of a state of the art encrypted mobile storage medium which holds personal data is not necessarily considered a data breach, which must be reported to the data protection authorities. In addition, if there is a data breach, the authorities must positively consider the use of encryption in their decision on whether and what amount a fine is imposed as per Art. 83(2)(c) of the GDPR.

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Homepage – Cryptocurrency Army

The world of cryptocurrencies is a quickly growing and expanding place. The value of cryptocurrencies such as Bitcoin have been going through the roof. The reality is that cryptocurrencies are becoming ever more important, valuable, and widely accepted as legitimate forms of money. With this great value comes a very real chance for people to make a serious income. Yes, the trading of Bitcoins, Ethereum, and other such cryptocurrencies is becoming much more common and profitable too. Just like with other forms of trading, Bitcoin and Crypto trading has a lot of merit in terms of its profit potential. That being said, there are also lots of threats out there that arise from this popularity of cryptocurrencies. This is why we here at the Cryptocurrency Army have come into existence, to help you fight off these threats and stay safe.

Source:huffingtonpost

The sad reality is that there are countless cryptocurrency scams out there looking to take advantage of you. Just like with other scams and scammers, crypto-scams looks to expose beginners and people with limited knowledge. These criminals promise huge profits and awesome returns if you just give them some money. Whether it is a trading scam, a scam application, or an HYIP scam, there are plenty out there looking to bite a chunk out of you. These people are fraudsters, criminals, and scammers of epic proportions looking to make your life miserable with a ridiculous array of crypto-scams. Here at the Cryptocurrency Army our main goal is to keep you safe from scams, let you know about the legitimate trading applications out there, and to teach you everything there is to know about cryptocurrencies.

Here at the Cryptocurrency Army our mission is to keep you safe from scammers, criminals, and fraudulent peoples of all sorts. Were here to evaluate trading programs, investment opportunities, and to review anything and everything to do with cryptocurrencies. Whether Bitcoin, Ethereum, Litecoin, or any other form of digital currency, our goal is to ensure that your money is right where it should be, in your own pocket and not in the hands of scammers. To learn about cryptocurrencies, check out our section titled Cryptocurrency Explained and for info about the latest crypto-scams, visit our section titled Scam Report.

Email Us:cryptocurrencyarmy@gmail.com

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Cryptocurrency – Simple English Wikipedia, the free …

A cryptocurrency is a medium of exchange, that is designed to work like a currency. Usually, cryptocurrencies use features found in strong cryptography, such as digital signatures to secure financial transactions, control the creation of additional units, and verify the transfer of assets.[1][2][3] The first of them were created to be independent of a government-issued currency.

Cryptocurrencies use decentralized control[4] as opposed to centralized electronic money and central banking systems.[5] The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain [6], that serves as a public financial transaction database.[7][8]Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency.[9] Since then, over 4,000 altcoin (alternative coin) variants of bitcoin have been created.

In many cases, cryptocurrencies cannot be converted to real currencies; it is only possible to convert them to other cryptocurrencies, or to use them to buy things. Some cryptocurrencies can be converted to real currrencies: They usually have a high volatility, and using them carries a high risk.[10] They are also a target for so-called Pump-and-Dump-Attacks.[11] They act like a big distributed economic system: As they are not issued or controlled by central banks, their value is difficult to influence: For this reason, they cannot really take the place of a stable currency.[12]

Cryptocurrencies are prone to speculation, which makes buliding a system of more or less stable exchange rates very difficult.[13] Another problem is the inequality of distribution: Many cryptocurrencires are held by only few people. As an example: about 1.000 people hold half of the total amount of bitcoins in the world. This means that if any of these persons starts using their cryptocurrency, this has an effect on the exchange rate. It also means that these people have a great influence on the value of the currency, and are able to change its value easily.[14] The currency itself only documents ownership changes. Exchange rates of cryptocurrencies are established outside the system. Exchange rates are issued by brokers and traders; their indication is no guarantee that the currency is traded at the value proposed. In itself, the unit of cryptocurrency has no value.

In contrast to cyptocurrencies, real currencies are issued and controlled by central banks. Certain econnomic phenomena such as inflation or deflation may change the value (and exchange rate) of a currency. The people who own units of the currency have no direct influence on its value.

According to Jan Lansky, a cryptocurrency is a system that meets six conditions:[15]

In March 2018, the word “cryptocurrency” was added to the Merriam-Webster Dictionary.[16]

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How To Create Your Own Cryptocurrency – fastcompany.com

When you look at the complexities that go into making a physical dollar bill its plain to see why most people dont start trying to print a new form of currency every day, but making a new digital currency is surprisingly easy for someone with even basic coding skills. But coding isnt the only step to getting your digital currency off the ground. Here are the five steps you should follow according to the makers of three cryptocurrencies.

When you think about creating a new digital currency its easy to assume the first step would be to begin coding your coin, but thats the wrong place to start, according to Chris Ellis, a London entrepreneur and a community activist at Feathercoin.

The first step is to find a community and build a currency around them rather than building a currency and expecting everyone to show up, Ellis says. It has to be sensitive to their needs and be relevant to their cultural heritage and background.

Feathercoin was created by Peter Bushnell in April 2013. Bushnell left his job as head of IT at Oxford Universitys Brasenose College because he wanted to start his own currency that put people at the center. This was in response to what he saw as a lack of community involvement and inclusiveness by the existing cryptocurrencies, such as Bitcoin, on the popular cryptocurrency site bitcointalk.org.

Though he had not met Bushnell at the time, Ellis, who had been actively promoting and educating people on cryptocurrencies since last March, shared the sense of alienation and seclusion found on Bitcoin forums.

These forums were very tech focused and not very welcoming to newcomers or minority groups which are often served better by smaller teams, Ellis says. The forums did not make it easy for people to get involved in the development of the coin. Many people on these forums take a backseat and speculate on the price rather than actively getting involved.

Ellis found the cryptocurrency community activism he was looking for in Feathercoin, whose technical development he says benefits greatly from its community activism approach.

For Feathercoin we were a group of crypto enthusiasts, some of whom were new to the scene but who felt shut out from the rest of the space, Ellis says. Everyone at Feathercoin feels its important to demonstrate how a devoted group of people can establish a stable currency, he says. By working together a community of dedicated crypto enthusiasts are much better able to find and address vulnerabilities and security threats, like the 51% attack, which the community of coders at Feathercoin have successfully built protections against.

Building such protections and nurturing the development of your currency give your coin legitimacy and trust in the eyes of the public, something that is hard to do if those involved in the currency are passive spectators looking out for their own interests.

Surprisingly, every single currency developer I spoke with said the same thing: Coding your cryptocurrency is usually the least time-intensive part of the process. Thats because virtually every cryptocurrency on the market today is based on the open source code of Bitcoin or Litecoin that is available on GitHub.

The creation itself does not take long. It is maybe only a day, says Peter Otterbach, one of the creators of Coino, which bills itself as the fastest cryptocurrency on the market with a maximum transaction time of only 50 seconds. To start coding you just need to know about C++ to build your own features in it.

The length of time could be a little longer than a day, however, according to Kolin Evans, developer of the Quark cryptocurrency. In coding the most complex steps may be related to how complex you plan to have the individual parameters of the blockchain, Evans says. For example, many currencies just use the Litecoin code and copy it, but with Quark there was a whole new Hash algorithmthat is to say, its separate from both Bitcoin and Litecoinso this aspect if you were to change it would certainly be the most difficult. And time consuming. In this case coding a cryptocurrency could take months. However, Evans notes that if a developer is just reusing code from GitHub and changing some simple parameters, thats something a competent coder could do in literally 30 minutes.

But just because anyone with some C++ skills can make their own cryptocurrency doesnt mean that there will be as many currencies as, say, iOS apps one day. Feathercoin is in fact a fork of Litecoin, says Ellis. It began with the minimum number of parameter changes because we felt the most important feature of a currency was survivability.

However, the Feathcoin team noticed that a few of the currencies that came before didnt last very long because they included a novel feature set which would gain short-term speculative hype but then the team often werent able to follow through on the stewardship of the project longer term and the project would fail. In other words, the developers of those coins that failed probably wanted to make some cheddar on some quick coin creation and didnt want to work at developing the currency for the long runsomething which doomed them from the start.

You have a duty of care at the development end in terms of bug fixing and ensuring the promise made at launch but you also have a duty to educate people of the risks and give them what they need to secure their wealth, Ellis says. If you cant do that, no one is going to stick around to use your coin, and the mining of it will drop off as quickly as downloads did of the first Doodle Jump knockoffs.

Once youve developed your coin you need to spread the word so people start mining it, which raises awareness of its existence and hopefully begins to gain some value in the eyes of its miners and users. This is where makers of cryptocurrencies need to stop thinking like coders and instead look into how human beings put trust (and value) in things.

A good start is half the way there and so this involves building trust, expressing your vision and intentions to miners, who have the hardware you need, and getting them on board with the opportunity ahead, Feathercoins Ellis explains. You have to be honest and respect peoples expectations and their tolerance of risk, which many people overestimate.

Overselling your coin will backfire. Including novel feature sets just to try and stand out will not work either. The market is there to test your grit and determination. You need a group of loyal miners committed to the cause who will process your payments even during slumps in price because they believe in the eventual outcome. Its about good communication and team building.

Many coins have failed because they undervalue the soft stuff. They think that throwing technology at a problem will make it disappear. Central banks think throwing money at problems does the same; the world has never worked this way. You have to be good at knowing what work needs to be done and be prepared to do the jobs nobody else wants to do.

Lets says youve made it this far. Youve conceptualized a good cryptocurrency and brought the right team together to code and nurture it along its way. Youve spread the news around the cryptocurrency forums and theres a healthy dose of miners actively working to grow your currency. The next step is marketing your currency so all the people mining it have a place to spend it. This is no small feat. After all, you need to convince individuals and merchants that these digital bits youve created hold value and can be traded for things, just like traditional, trusted money.

Its a process of confidence building, Ellis says. It takes good stewardship and time to work out what you really believe and stand for. People will buy in to your motives more than your actions, so once you feel confident you then have to start talking about your currency to friends, merchants, on Internet forums and on social media.

The people behind Coino agree. To start the marketing you need to find the exact target group, Peter Otterbach says. At first you can just start at the cryptocurrency market itself because the people there know about coins and you see the first reactions. After that it gets more difficult. You need to convince people who mostly dont even know what a cryptocurrency is, so you have to get the currency accepted as a payment solution in online shops to get their attention.

I would add its not just about educating them with facts, Ellis notes, its about inspiring them to learn and discover the advantages for themselves. Money is a ledger, it is a tool that people will use as a way of achieving their goals and satisfying their needs. Understanding that will take you a long way in your marketing efforts.

Ellis says that merchant adoption is similar to miner adoption, its just a matter of understanding their different outlooks. Different stakeholder, same rules. The difference is that miners have a speculative sentiment and merchants are conservative. He notes that merchants have three principal aims: to make money, to save money, and to increase their awareness. If you can bring them customers and increase their sales while reducing their payment fees, the rest is a matter of persistence and making it as easy as possible to get them started.

The last step in your cryptocurrency journey is, according to pundits and conventional wisdom, world domination by your coin. But given that in over 5,000 years no single currency has dominated the globe, its very unlikelyno matter what Silicon Valley Bitcoin enthusiasts saythat any one cryptocurrency ever will.

Besides, global cryptocurrency domination doesnt have to be the goal, Ellis says. Currencies can be local, indeed we think of Feathercoin as a local currency that can serve a global market.

And therein may lie the true market for the burgeoning field of cryptocurrency: hyper-local currencies for certain neighborhoods, cities, events, venues, and groups of people that are built around a community of like-minded consumers allowing them to trade freely, quickly, and securely for goods and services that are important in their lives instead of having to rely on the central banks and larger markets to tell them what arbitrary item, be it a copper coin or a plastic dollar, holds value.

Indeed, in a market where cryptocurrency use is defined by neighborhood boundaries or group memberships there is no need for any one cryptocurrency to win. Theres room for them allexcept maybe the ones with memes.

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How To Create Your Own Cryptocurrency – fastcompany.com

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