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What is an Altcoin? – ccn.com

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.Litecoin is the biggest Altcoin

Even if they do not accurately understand how it works, most people are at least somewhat familiar with Bitcoin. However, once they begin to get involved with cryptocurrency, they may be surprised to learn that there are actually hundreds of types of cryptocurrencies known as altcoins. Altcoins are anintriguingfacet of the cryptocurrency landscape, but they are not foreveryone. Altcoin newcomers often have many questions, and this guide will provide a brief overview of altcoins to help beginners decide whether or not to invest in them as part of their cryptocurrency portfolio.

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The word altcoin is an abbreviation of Bitcoin alternative, and thus describes every single cryptocurrency except for Bitcoin. Altcoins are referred to as Bitcoin alternatives because, at least to some extent, most altcoins hope to either replace or improve upon at least one Bitcoin component.

There are hundreds of altcoins (CoinMarketCap listed 478 at the time this guide was written), and more appear each day. Mostaltcoins are little more than Bitcoin clones, changing only minor characteristics such as its transactions speed, distribution method, or hashing algorithm. Most of these coins do not survive for very long. One exception is Litecoin, which was one of the first altcoins.In addition to using a different hashing algorithm than Bitcoin, Litecoin has a much higher number of currency units. For this reason, Litecoin has branded itself as silver to Bitcoins gold.

However, some altcoins innovate by experimenting with useful features Bitcoin does not offer. For example, Darkcoin hopes to provide a platform for completely anonymous transactions, BitShares describes itself as a fair version of Wall Street, and Ripple serves as a protocol users can employ to make inter-currency payments with ease. Some altcoin ecosystems, such as CounterParty and Mastercoin, even utilize the Bitcoin blockchain to secure their platform.

Many Bitcoin enthusiasts argue that altcoins are completely unnecessary and will not succeed because they cannot rival the infrastructure Bitcoin boasts. However, altcoins serve an important role. Decentralization is one of Bitcoins most prominent goals, and altcoins further decentralize the cryptocurrency community. Moreover, altcoins allow developers to experiment with unique features. While it is true that Bitcoin can copy these features if the developers or community desires, fully-functioning altcoins are much better cryptocurrency laboratories than Bitcoins testnet. Finally, Altcoins give Bitcoin healthy competition. Altcoins give cryptocurrency users alternative options and forces Bitcoins developers to remain active and continue innovating. If users do not feel that Bitcoin satisfies their digital desires, they can adopt an altcoin. If enough users left Bitcoin for a particular altcoin, the Bitcoin developers would have to adopt the features the community desired or risk losing its place as the preeminent cryptocurrency.

Created in April 2011, Namecoin was the first altcoin. Although it also functions as a currency, Namecoins primary purpose is to decentralize domain-name registration, which makes internet censorship much more difficult. As its place among the top ten cryptocurrency market caps suggests, Namecoin has remained one of the most successful altcoins throughout its short lifespan.

Due to how recent cryptocurrency was invented and how rapidly the landscape changes, all cryptocurrency investments carry a great deal of risk. Even Bitcoinby far the most stable cryptocurrencyexhibits price volatility on a regular basis.

By comparison, however, altcoins are exponentially more volatile. Because they have such low market caps (the total value of all coins combined), altcoin markets are highly prone to price manipulation. Wealthy traderscolloquially called whalesoften inject large amounts of capital into low-priced coins to build hype and cause the price to skyrocket. Once the price has risen considerably, the whales sell their coins on exchanges at a massive profit, hurting many gullible investors in the process. This method is known as a pump and dump. Not only does this hurt greedy traders who did not take the time to do their homework, but it often proves to be the breath of an altcoins brief lifespan.

To avoid losing all your money in a pump and dump, focus on long-term investments in coins you believe have immense potential and exhibit overall health. Generally, healthy altcoins possess strong communities, exhibit high liquidity, and have developers who proactively improve the coins source code (though not necessary, many users also prefer developers who reveal their true identities).CoinGeckos comprehensive coin metric analysis algorithm statistically analyzes these three important factors and ranks coins according to overall strength.

If you do choose to invest in altcoins, it is important to remember somebasic tenets of investing. Avoid the hype that coin communities propagate. Investors have an agenda, so you should not take their word at face value. Only invest in coins you have researched. It is unwiseto invest in something you do not understand. Making an ill-informed investment is the first step to losing your hard-earned money. Take the time to research the coins you are considering for long-term investments, and research day-trading before you attempt to become a high-volume, short-term trader. Most importantly, never invest more than you can afford to lose. Far too many people have lost their life savings by centralizing them in volatile investments.

As with Bitcoin, there are a variety of ways to obtain altcoins. The most basic way to obtain altcoins is to accept them as payment for goods or services. If you are interested in doing this, place an ad showcasing your skill-set ona cryptocurrency job board.

You can also trade for altcoins on cryptocurrency exchanges. Most exchange use Bitcoin as an intermediary (although a few include fiat pairs), so if you do not already own bitcoins you will need to buy some before you can trade for altcoins. Some of the most-trafficked exchanges include BTER,Bittrex, MintPal,Cryptsy, and BTC38 (Chinese-only).

Many altcoin communities also sponsor giveaways to increase exposure of their coin and enticenew users to join their communities. This is a great way to acquire coins if you are low on fundsor do not have marketable skills.

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Trading Bitcoin for an Altcoin Won’t Shield You From the IRS …

Any American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers cant use this method to avoid giving the IRS their cut.

Also Read: South Africa Wants to Track and Tax Bitcoin Trading

Until today a crafty tax attorney or accountant could have tried claiming that trading bitcoin for another cryptocurrency is not a taxable event, but U.S. authorities are now moving in fast to plug this loophole. The latest tax bill contains clarifications which make this a non-valid tax-minimizing strategy going forward.

The issue arises from the IRS categorizing bitcoin as property, which can be argued makes crypto to crypto tradeslike kind exchanges underSection 1031 of the Internal Revenue Code. The new tax bill defines like kind exchanges to pertain only to real estate deals. To make things as clear as possible, this means that if you trade bitcoin for tether (USDT) for example, that is a taxable event.

Some people think, Im taking my bitcoin, which the IRS has deemed to be property, swapping it for another property and doing it for investment reasons, so it sounds like it could be a 1031 exchange, Evan Fox, tax manager at New York accounting firm Berdon, told CNBC. I think its a stretch.

According to the current tax framework, Americans need to self report their bitcoin trading profits and calculate their dues according to their tax brackets. Selling after holding the asset for less than a year qualifies as a short term investment and is taxed between 10% to 39.6%. Selling bitcoin after holding for over a year is qualified as a long-term investment and taxed up to 20%. Conveniently, if you traded over $20,000 with Coinbase the IRS already has your records.

If you put money into the cryptocurrency space, and you decide to buy (an altcoin), and you one day monetize it and show up with a $2 million house, the IRS is not stupid, Fox said. Money doesnt just appear out of nowhere.

The IRS can also decide to audit someones tax going up to three years back and is known to use the services of Chainalysis, a blockchain analysis specialist, to hunt down bitcoin users for evading taxes.

If a few years from now the IRS is able to decode what happened, and you made a significant amount of money in 2017 and didnt report it, youll face interest and penalties that have been accruing, Fox explained. It might be a risk some people want to take, but there are some bad consequences if you get caught.

Could tax authorities crack down on altcoin exchanges to make sure investors arent hiding bitcoin gains? Share your thoughts in the comments section below!

Images courtesy of Shutterstock.

Want to create your own secure cold storage bitcoin paper wallet? Check our tools section.

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Buy or Sell Bitcoin, Litecoin, Altcoin Multi Crypto Currency …

Zecoex, as with some other exchanges, started with the promoters getting besotted with bitcoins and wanting to buy some. But we had no idea what bitcoin was and how it worked. We could never place reliance on any other exchange with so many horror stories, so we decided to buy our first bitcoin and start building our own technical expertise on blockchain, and transactions.

We read and read and read, and came to the conclusion that our dear world wide web confused us more, read more... and clarified so little. Our inquisite minds then went on to download various cores, and explore transactions on the core. We hired some developers and ask them to play around with our bitcoin (yes, one split into as many fractions as permissible in satoshis after paying the network fees). All of us read together under the lamp with some article from the net in our hand. And then we started experimenting.

It did work for us. We not only understood how the blockchain worked and behaved, how to transact with wallets and open source codes, how to transact directly with the cores, how to arrive at fool proof methods of keeping our coins secure and transacting with them.

This entire expertise is at your disposal.

We will shortly launch our own hardware wallets, and start a development thread. We are hoping to catch hold of some clients to pay us mega bucks for building some custom solution for them on blockchain. But till the time we get there, feel free to interact with our engineers who are eager to pass on this knowledge, and help you resolve your technical queries, whether they are complex, or straight forward.

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Internet Security Administrator: Job Description and Requirements

Learn about the education and preparation needed to become a Internet security administrator. Get a quick view of the requirements as well as details about schooling, job duties and certification to find out if this is the career for you.

Internet security administrators are the security professionals who specialize in protecting businesses from cyber attacks on their computer systems from hackers and viruses. They will typically have a bachelor's degree in information technology or computer science though their background in computer security is equally important. With businesses becoming more and more reliant on computer technology, the need for internet security administrators are on the rise with an expected growth rate of 18 percent for the next decade.

Internet security administrators are responsible for protecting computer systems against attack. Due to an increasing number of cyber attacks on computer systems, this industry has grown, and Internet security administrators are in higher demand. Although most security administrators hold bachelor's degrees, in this field, a combination of professional experience, knowledge of internet and network systems, and industry certifications often outweigh formal education credentials.

Source: *U.S. Bureau of Labor Statistics

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Internet security administrators are also known as computer security specialists, network security analysts or Internet security specialists. The security administrator handles all aspects of information security. They teach others about computer security, check for security violations, install protection software and take action against cyber attacks. In some cases, an Internet security administrator may provide evidence of a cyber attack to prosecute individuals for breaching security.

Security administrators are known for their communication skills, as well as their ability to detect and analyze problems. Once a problem is detected, Internet security administrators are expected to quickly and accurately find a solution.

Most Internet security administrators work full-time. They are sometimes asked to work on-call in case of an emergency. Since data security threats continue to be of concern, employment opportunities for information security analysts are expected to grow a faster-than-average 18% from 2014-2024, according to the U.S. Bureau of Labor Statistics (BLS). The BLS further states that most of these professionals made between $51,280 and $143,770 per year in 2015.

Usually Internet security administrator positions require a bachelor's degree, but not necessarily in a related field. Common majors found in the field may include information technology, computer science and information systems. Although a bachelor's degree is beneficial, some employers may not require one. Many employers may find work experience and certification sufficient for many entry-level positions.

Certification is viewed as an industry standard. Internet security administrators are expected to stay up-to-date with current technology, so continuing education is also important. Individuals can find certification and continuing education courses on a variety of topics including:

Internet security administrators are security professionals who specialize in providing companies guidance on their internal security procedures and detect any weaknesses in their computer network that make them vulnerable to cyber attacks. While there are degrees offered in information technology and information systems, interested individuals who can also pursue certifications that keep them up-to-date with current technology. This is a growing industry where those employed can earn a possible salary anywhere between $51,280 to $143,770 a year.

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Top 10 Cheap Antivirus and Internet Security Protection for …

written by: Donna Buenaventuraedited by: Aaron R.updated: 11/30/2010

An ideal antivirus and Internet security package should not only offer good protection against malware but should also meet your budget. Homes and offices often have more than one computers, so it's a good idea to find the best cheap antivirus and Internet security programs available.

Never buy antivirus or Internet security programs that are too expensive, because there's plenty of cheap antivirus and Internet security software to consider. Free security software is unbeatable, but some home or office users prefer using commercial Internet security solutions. That is because paid security software includes almost complete protection and maintenance tools.

Internet security suites do not only offer protection against viruses, Trojans, worms, adware, spyware, rootkit, potentially unwanted programs (PUPs) and other malware, but also provide two-way firewall protection, anti-spam, e-mail scanners and identity protection. Some security vendors also offers free online backup.

I've compared the prices of several antivirus and Internet security program of 2010 and 2011 below. Take a look at the list of cheap antivirus and Internet security to see your options.

Below are the top 5 inexpensive security software packages for 3 PCs that you should consider evaluating before purchasing. Read the reviews by Bright Hub writers to learn more about the product features.

The top 5 cheap Internet security software for a single computer are provided by the following vendors:

Note that all of the above Internet security program provide good protection and have received certifications from several antivirus testing laboratories.

There's also cheap antivirus programs to check out, if you prefer using standalone virus protection for Windows without limitations on functionality:

NOD32, Avira AntiVir, BitDefender, Norton Antivirus and Kaspersky often received a high or advanced rating in malware testing reports. Avast is a powerful antivirus and its' boot-time scan is a plus when cleaning malware. Note only that Kaspersky antivirus is known to use a lot of memory during a scan. Norton Antivirus seldom provides false detection which is why it's one of the favorites for home users.

Remember to check the product information at the vendors' website for the latest information. Also, don't forget that the price should not matter, if you want to secure important data and valuable information from hackers and malware.

Image credits: US Dollar symbol http://commons.wikimedia.org/wiki/File:Dollar_symbol_gold.svg By Rugby471 (Own work)[see page for license], via Wikimedia Commons. Screenshots taken by the author.

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Best Antivirus Software, Internet Security & Malware Removal

Computer Virus, Malware, Spyware and Adware: Whats the Difference?

Viruses, spyware, and adware are all malware with distinct differences. All of them do damage to legitimate computer users but they fall into different categories depending on the intent of their attack.

Viruses are a bit of malicious code that is secretly included in an application you decide to download. It replicates itself to infect other computers. Eventually, the virus is activated for its purpose: deleting important files, corrupting information, or randomly shutting off your computer.

Spyware is malicious software that gets installed without the user even knowing about it. This is usually the most dangerous form of attack. It invades your internet security to find sensitive information from your computer and sell it for a price on the black market.

Adware, on the other hand, is a unique form of software specifically written to produce popup ads. The popups can start as the user uses a certain application, when they visit a particular website online, or simply as soon as they boot up their computer. The most deceptive form of adware shows a popup telling the user their computer is infected and that they need to install antivirus software.

Computers and the internet are now almost a necessity in every day life. We email and chat with friends and family far away. We watch our favorite shows or how to videos to troubleshoot a problem. A lot of us even bank or shop online.

Whenever youve connected to the internet, you are opening up your private information to the world. Once online, computer viruses and malware find ways to infect your computer without your knowledge. Antivirus software provides the best virus protection and will remove any malware found on your computer.

You might already know that Microsoft Windows includes a basic form of antivirus. If you have Microsoft Windows 7 or earlier, you can download Microsoft Security Essentials, which will provide some basic protection against viruses, spyware and other malicious software. Microsoft Security Essentials are upgraded and renamed to Windows Defender in Microsoft Windows 8 and later. For example, the standard antivirus for Windows 10 is Windows Defender.

The bottom line is that Microsoft Security Essentials and Windows Defender are free and does a reasonable job. But being free has limitations too. Support is limited (if any at all) and might not catch the very latest cyber threats. If the files on your computer are important (e.g. work documents, cherish family pictures, etc) we recommend that you pay for the best antivirus software. That way youll get the up-to-date protection to keep you safe.

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Download AVG Internet Security Unlimited – FileHippo.com

AVG Internet SecurityUnlimited is an essential suite of security tools that builds upon the powerful AVG AntiVirus FREE. Not only can it detect and remove viruses on your PC, but it also provides protection for an unlimited amount of computers, tablets, and phones. In fact, one subscription covers every device in your family to keep you all protected, all the time.

The app is able to block infected links as you browse, checks files before you download them, and help you protect your personal data online and on your PC with an enhanced set of privacy features.

Key features include:

AVG Internet SecurityUnlimited now has a fresh, clean design with an intuitive feel to it. It comes with a solid firewall, which is not included in AVG AntiVirus FREE, a smart anti-phishing filter and a robust antivirus engine.

The great thing about AVG Internet SecurityUnlimited is that whenever the suite encounters an unknown threat, AVG then quickly analyze it, creates a cure and then pushes it out to millions of users, so everyone is better protected. All security updates are automatically pushed to you, along with any new features, to always keep you as up-to-date as possible.

AVG Internet SecurityUnlimited is able to be installed on every computer you have, in order to protect the whole family at no extra cost. The app also includes advanced AVG AntiVirus PRO app that can protect unlimited Android phones and tablets as well.

Overall, AVG Internet SecurityUnlimited has a low impact on system resources, is intuitive to use and has a simplified design. This coupled with free online support, and a robust cloud-based threat detection method, makes AVG Internet SecurityUnlimited a superb security suite to have installed on your home system(s).

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Norton Internet Security – softpedia.com

Norton Security represents Symantec's next step in terms of PC safety and malware prevention.It is a different product than Norton Internet Security, as Norton Security offers multi-device protection and secure backup features. For those unfamiliarized with Norton, the software utility is designed to prevent, identify and remove files infected with viruses, Trojans, worms, rootkits and other kinds of malicious traces, in addition to some safety measures concerning online navigation.

Setting up Security should be a fast and painless task to any user, since the tool is not flexible when it comes to handpicking the components; everything is installed by default.

Sharing its look with Norton AntiVirus, Security's interface is mostly user-friendly, although some of its options could have been better put together. Most security modules can be activated and deactivated with one click, as well as configured in detailed by advanced users. Terminology could be an issue in some cases, since Norton adopts unique names to describe proprietary technologies.

Settings may be customized in detail for Norton Security by defining the scanning scope, such as compressed files, rootkits and stealth items, network drives, heuristics protection, low-risk threats, tracking cookies, scan scheduler, file and virus signature exclusions, and so on.

The real-time protection module has all components turned on by default. Norton is able to prevent spyware from infiltrating into the system while keeping an eye out for suspicious removable media devices and network locations. It can also scan Windows autostart entries at every boot sequence and hide notifications to let users carry on with normal PC activity without any intrusions.

All traffic between the computer and other systems can be temporarily blocked, while intrusion signatures can be customized to give passes to any items. The application monitors incoming and outgoing messages in email clients, and also features a personal firewall for network traffic, apps with tailored Internet access rules, and so on.

Online navigation is ensured by Norton, since it oversees web addresses and notifies users on malware-infected or suspicious links. It also keeps track of downloaded files and includes an identity safe to hold all confidential data in one place (e.g. autofill forms, credit card info). What's more, users are protected from phishing websites whose purpose is to steal transactional data.

Thanks to the cloud technology used, Norton Security finishes scan jobs faster than many other av products. It is mostly successful concerning identified and removed malware files, and regularly receives virus definition updates. CPU and RAM consumption is generally low. Although less experienced users are likely to get lost in translation when trying to figure our each features, advanced ones will probably find Norton Security worthwhile.

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Internet Security – Cisco

The unprecedented connectivity of the Internet age has led to enormous social and economic benefits, but has also introduced numerous new challenges. In a fully connected world, Internet security threats continue to evolve, keeping ahead of the most advanced defenses.

Background

Network-based security threats have led to widespread identity theft and financial fraud. Spam, viruses, and spyware cause significant problems for consumers and businesses. A security breach may irreparably damage a company's brand or reputation. In the United States, Internet security issues threaten to slow the national adoption of electronic medical records. In the European Union, consumer confidence regarding Internet security and data protection is a barrier to the more rapid expansion of e-commerce across member state borders.

Todays information attacks are a profitable business enterprise and are often controlled by organized crime syndicates. A growing number of sophisticated cybercrime business models, including the emergence of criminal enterprises, are built around selling tools and services for launching network attacks, rather than simply selling information gained from attacks.

Internet security technology continues to advance, changing from passive, point product-based to active, end-to-end approaches to recognition, containment, and quarantine. In addition, Internet Service Providers (ISPs) are competing on security and consumer ISPs offer Internet security as part of their service.

Policy makers around the world are focused on the state of the information infrastructure. Policy makers want to ensure that users of networks employ the best technology and process practices to make networks as secure as possible. Governments and businesses continually update their strategies to prevent attacks, and public-private partnerships have been formed to develop voluntary, market-based approaches to security.

Ciscos Position

Cisco believes that governments can help decrease Internet security threats by:

Cisco does not believe that governments should regulate security. In general, regulation:

For more information please visit: Security

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Doug H. – Boston Cloud Computing Meetup (Boston, MA) | Meetup

Today's corporate officers and IT technologists are literally deluged with marketing hype over cloud, and the economic advantages of migrating business and IT functions and applications to the cloud.

We have seen corporate giants like NetFlix and Sabre (global reservation system used by major airline carriers) experience cloud-based system outages, causing customer delays and significantly impacting business not just in the US, but impacted globally in the case of Sabre.

There are hundreds of cloud providers to choose from in the market today. Not all are enterprise ready, despite their claims. And let's face it, many have paid or biased positioning in leading independent studies released by highly respected IT research companies.

How does a CIO or CTO, and today's CEO, tasked to identify the essential drivers of a business, navigate? Leading independent think tanks (Gartner, Aberdeen, IDC, etc) are not fully equipped to provide battle-tested and deep thorough analysis regarding the critical issues of cloud security, network throughput, reliability and ROI when it comes to enterprise grade customers. Researchers can only convey what they read and disseminate their opinions, not facts. Gartner (NYSE:IT) even has in its disclaimer that all analysis is "opinion and not based on facts."

It's time that we get real answers and share actual experiences from companies who are using enterprise grade cloud and from true technologists that has the experience and credentials to provide an unbiased roadmap.

GOAL: We create leaner, more efficient companies that is secure, reliable and has the ROI to start training our current employees, and bringing jobs back to the US workforce.

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