Our goal at CryptoNewsmart is to daily provide you with the latest news and analysis on cryptocurrencies, blockchain technology, ICOs, and everything else crypto. We are going to lay out the articles we had for this week to create the most comprehensive crypto news.
In order to Start Buying Cryptocurrency in 2020 you need a wallet. Cryptocurrencies are digital currencies that use cryptography for security.
Set up a crypto wallet
You need a place to store your cryptocurrency. A wallet is an online account where you can send and receive money. It’s similar to a bank account, except instead of receiving money into your account, you receive money into your wallet.
There are two type of Wallets one Software which is digital one Hardware Wallets.
The digital one most Exchanges offers them but there are others as well.
Good wallet software has more functionality, including the ability to back up private keys (encrypted with a passphrase) either to a user’s hard drive or to a cloud storage server somewhere, to generate one-time use addresses for privacy, to hold addresses and private keys for multiple cryptocurrencies. Some are even integrated with exchanges to allow userscryptocurrencies. Some are even integrated with exchanges to allow users to convert between one cryptocurrency and another directly from within the wallet software. But generally, they’re different from traditional wallets and come in different formats and levels of security.
The Hardware Wallet
Private keys are stored in chips on small handheld devices. Two popular hardware wallets are called ‘Trezor’ and ‘Ledger Nano,’ but there are others.
These devices are specifically designed to store private keys securely and only respond to certain pre-programmed requests, for example, ‘Please sign this transaction,’ and not, ‘Show me the private key you are storing’. Because the private key is stored on hardware that is not connected to the internet and can communicate with the outside world only via a limited set of pre-programmed interfaces, it is much harder for a hacker to gain access to the private keys.
You can’t get involved in the cryptocurrency market without a crypto wallet.
And how will they affect our lives?
A UK-registered tech startup is aiming to connect people in need of support for mental health through blockchain technology.
TAGO’s move to integrate blockchain technology in the mental health sector is the first of its kind and is called Tagoverse.
TAGO said that users can receive consultation from mental health advisors and also earn “Tago Tokens” through the “Talk to Earn” activities via its mobile app.
Tago Tokens are utility tokens that help the company fund the Tago Blockchain project.
The tokens will be used by community members to meet mental health advisors, join the Emotion Intelligence Quotient (EQ) courses, exchange spiritual items, and participate in spiritual events and other Tagoverse activities such as meditation, yoga, temple, church, tarot and horoscope.
In addition, Tago token holders can also join the staking programme to earn more rewards, voting rights and premium access.
Non-fungible tokens (NFTs) will also be available in TAGO.
With its “Talk to Earn” feature, users and advisors can earn rewards by chatting and consulting with TagoSoul – a virtual assistant.
TAGO claims to have introduced the world’s first NFT mental health AI assistant.
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