Time flies! We last spoke with Dr. Julian Hosp back in June of 2017 prior to their 36 minute token sale sellout. So much has happened since then for both TenX and the crypto-scene overall. We discuss some of the changes and challenges facing TenX as well as the growth and successes.
Julian published a book as well. “Crypto Currencies” is available on Amazon and provides a solid background for anyone new to the ideas of Bitcoin, Ethereum, and other cryptocurrencies.
Pedro Picks the Top cryptocurrency hardware wallet under $100 in this special episode of NeoCash Radio. We take a look at the Trezor One, Ledger Nano S, and the KeepKey. In the video version we show how to initialize the wallets, send, and receive transactions. Finally Pedro shares his review of the wallets, likes/dislikes, and his top pick!
Please note the audio version of the show does not contain the wallet initialization and testing due to the need for a visual element.
Let’s start by discussing how crypto wallets work and why they should be used. The private keys to any cryptocurrency are used to both generate the wallet addresses as well as authorizing the transfer of coins. Anyone with the private keys can spend from that wallet and this is why it is critical to keep these private keys off line and secure for any wallet with significant funds. While mobile devices are great for convenience, think of them as your physical traditional wallet that contains cash, it should only have amounts you can live with losing.
Securing your private keys can be done with using a hardware wallet that keeps your private keys offline in a secure area of the device. These private keys can never leave the device so in order to spend funds, an unsigned transaction is sent to the device where you have to physically press a button that will allow the device to sign the transaction with the private key. The signed transaction can then be broadcast without fear the private keys were ever exposed.
Hardware wallets are backed up with a 12 or 24 word passphrase which is the “backup” of the wallet. Multiple copies of these should be secured in multiple locations. The passphrase should never be photographed, typed into any digital document, or photocopied. Additionally, with these Hardware wallets you compare the address funds are being sent to with the address that will be displayed on the device. This protects you in case someone compromised the java code or app that is used for wallet functions on your computer
When purchasing any of these hardware wallets, it’s recommended to do so from either the manufacturer or a reputable vendor like Amazon. Someone who purchased a Nano Ledger S from ebay lost funds because the scammer generated a key and then made the backup card look like a “scratch off” to reveal a unique private key. All of these hardware wallets should be initialized and a new seed generated.
Be sure to store multiple copies of your seed phrase in multiple locations!
Any one of these wallets will secure the private keys to the coins they support and are much more secure than keeping private keys on computers & mobile devices. If the hardware wallet is lost or destroyed, they can be restored using the backup passphrase.
If you are looking for a specific review please contact firstname.lastname@example.org
Matt and JJ interview Monaco Co-Founder and CEO Kris Marszalek. Monaco is a crypto and fiat wallet linked up with a debit card. The ERC20 MCO token is both a cash-back reward mechanic and another cryptocurrency spendable through the Monaco card. Monaco’s token and token sale is based out of Zug, Switzerland while the HQ is in Hong Kong.
Kris outlines how Monaco is focused on competing with traditional banking institutions and how the product line is inspired by Apple’s simplistic design philosophy. We discuss the VISA Program Manager situation and when cards will be available worldwide. Finally we cover a few mechanisms in place that could impact the MCO token price.
In this special episode of Neocash Radio JJ interviews Sam Sharma the co-founder and president of Centra. The Centra Card is a cryptocurrency based debit card that will allow users to spend Bitcoin, Dash, Ether, ERC 20 tokens, Ripple, Zcash, Monero, and Litecoin. US customers would receive a VISA card and international customers would receive a MASTERCARD — the Centra Card would be linked to a wallet app which could be loaded with crypto.
Sam describes his personal experience with crypto and how the Centra company has been self-funded thus far. After operating for more than a year in secret the company announced their presence in July.
The product is currently running a beta test and will be launched before the end of the year. The CTR token sale is ongoing as of this posting. Centra’s CTR token would facilitate rewards for cardholders and token holders alike — much like other crypto debit cards.
Finally Centra is also building a cryptocurrency based marketplace called C-Bay. Sam indicates that at launch there will be more than 100,000 products available for purchase.
JJ interviews Bprotocol Foundation Council member Eyal Hertzog in this special episode of Neocash Radio. Eyal gives a brief history of his crypto experience and we discuss the BNT token and how it got started. The BNT token sale was an intense time; we talk about what it was like behind the scenes at Bancor HQ. We discuss the large number of contributors, the price floor, and the BNT smart token contract. We also discuss the Constant Reserve Ratio, development plans, use cases and more!
On this bonus interview episode of Neocash Radio we talk with Dr Julian Hosp about TenX and COMIT. TenX is building a multi-blockchain debit card and mobile wallet that currently works with Bitcoin, DASH, Ether, and ERC20 tokens. COMIT is a Cryptographically-secure Off-chain Multi-asset Instant Transaction network that leverages Hashed Time Lock Contracts, Payment channels, and Liquidity Providers to create a decentralized network of cross-chain asset conversion. The TenX roadmap features COMIT integration within a couple years.
On June 24th TenX will be having an Initial Token Sale where 51% of the PAY tokens will sold to the public at a rate of 350 PAY tokens per 1 ETH with cap of 200,000 ETH. The Initial Token Sale will last 4 weeks or until the cap is reached.
Wells Fargo is facing a lawsuit over suspension of outgoing wire transfers for Bitfinex. Stampery verifies documents on the Bitcoin and Ethereum blockchains while you work with this new Windows Office plugin. Bitcoin extension blocks offer a third solution to the blocksize issue. Purse is developing Bcoin which looks to be a fourth solution? to the bitcoin blocksize issue. BitCrust looks to be tackling a major problem with bitcoin, the UTXO bloat! Bitmain claims to have never used ASICBOOST on the mainnet, furthermore there is no evidence that anyone is using ASICBOOST on the mainnet. It is revealed that Kraken is the next major exchange to trade DASH. Charlie Shrem has a Forbes article in the German print version. Porsche is looking into the Blockchain for a variety of applications. Steemit founder and lead developer Dan Larimer has called it quits. Storing and exploring Ethereum-based tokens is getting easier! Gold-backed tokens and a new Ethereum-based debit card capable of handling ERC 20 tokens; meet DigixGlobal and Monolith Studios. The Golem Project identifies a flaw with how an exchange was handling GNT. Ethereum Name Service postponed launch and now has a live bug bounty.
All this and more on the Neocash Radio podcast, episode 202 — Wednesday, April 12th, 2017!
We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and PEDRO!