Buy & Sell Bitcoin, Ethereum
+ 100s More Cryptos
DICTIONARY
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Icon is building one of the largest decentralized
networks in the world where anyone can connect to
any block chain. These block chains can interact with
each other via smart contracts The plan is in the
future where each community can connect to a block
chain building a single ecosystem where users share
services from financial, security, insurance, health
care, educational, commerce and much more. They
will
essentially transact on a single network. An
ambitious plan to unlock the full potential of block
chain as well
as providing real world use.
Released - September 2017
Trading Name - ICX
Author - Dayli Financial Group - Korean Fintech
company from ICON Foundation - Switzerland
QTUM aim to to create a public block chain with an
open source code, using technology from Bitcoin and
Ehtereum. It aims to provide the same use as Bitcoin
however with also smart contracts and Decentralized
applications DAPP. Think of Ethereum smart
contracts on a block chain system similar to Bitcoin.
Due to using similar technology however slightly
more advanced it also benefit from an upgrades to
Bitcoin and Ethereum such as the lightning network
which will reduce fees, transactions per second
increasing overall efficiency. QTUM is an opponent
of Ethereum.
Released - March 2017
Trading Name - QTUM
Author - Patrick Dai - Singapore
Chainlink
Launched by a fintech company called
smartcontract. Smarts contracts will change the way
many industries work espcially ones working with
any sort of legal agreement from Contracts, invoices,
bank payments, documents just to name a few out of
many.
Working using the Ethereum platfrom, aiming to the
mdidleperson or middleware for communications
between blockchain. A distrinuted oracel network, a
software that allows and looks after the connection
between a client and an oracel database server.
Chainlink has strong partnerships and a good one
to look out for
Released - June 2017
Trading Name - LINK
Authors - Sergey Nazarov as CEO, and Steve Ellis
as CTO
Maker
Maker is a cryptocurrency a governence currency. A
utility token which increases in value the more Dai is
used. Dai is a stable coin tied to the U.S Dollar. An
Ethereum based blockchain under the Maker project.
Plans to create an exchange where margin trading
can be done using the ERC-20 protocol. Ontop of this
it will inlucde digital assets which are tied to real
goods suchs as gold, currency. Maker is a very
promising project, imagine a the Dai tied to $1 if their
was any drop or money lost owed Maker token would
step in. A very intersting project with ambitous goals.
Released - May 2014
Trading Name - MKR
Authors - Founder & CEO Rune Christensen
Bitcoin
Bitcoin is the first decentralized digital crypto
currency with it’s own payment system. Bitcoins are
sent from user to user on the peer-to-peer network
directly, without the need for 3rd party involvement.
These transactions are verified by network nodes via
cryptography and recorded in a public distributed
ledger called a blockchain. Bitcoin was invented by
an unknown person or group of people using the
name Satoshi Nakamoto and was released as an
open-source software
Released - January 2009
Trading Name - BTC
Author - Satoshi Nakamoto
Ethereum
Ethereum is an open source decentralized platform
which runs smart contract applications. The
applications work exactly as programmed with no
downtime, censorship, fraud or any 3rd party
interference. Works on the proof of work POW
algorithm. Similar coins are Waves, Neo, Cardano to
list a few competitors. Fastest growing developer
community. Alliances with companies like Microsoft
and Intel to name a few.
Released - July 2015
Trading Name - ETH
Author - Vitalik Buterin - Development funded by
online crowd sale
Ripple
Ripple is a real time gross settlement system RTGS,
currency exchange and remittance network the runs
on Ripple. Also called the Ripple Transaction
Protocol RTXP or Ripple Protocol, XRP is being
supplied to banks to assist with cross borders
transactions. Near instant transaction times,
settlement infrastructure used by banks, They have
significant corporate backing and a large team. Used
by UBS, UniCredit and Santander . Founders of
ripple control more then 60% of XRP. Similar coins
are Stellar Lumens.
Released - 2012
Trading Name - XRP
Authors - Arthur Britto, David Schwartz, Ryan Fugger
Litecoin
Litecoin is a peer to peer internet currency that
allows instant and almost zero fee transactions to
anyone around the world. Currently has faster
transaction times then Bitcoin and can handle more
transactions. it also has more coins in circulation. It
is open source and not manage by any authority.
Litecoin is similar to Bitcoin. Increasing
development, The founder of Coinbase left his role
to join Litecoin.
Released - October 2011
Trading Name - LTC
Authors - Charlie Lee
NEM
NEM is the first Private and Public block chain
combination and a popular Japanese block chain.
Written in Java, Unique Proof of importance
algorithm POI. Allowing users to send payments
and messages securely world wide. Built in
Reputation system. Recognized by some banks in
Japan. Scalable, number of transactions 3000+ and
almost zero fees 0.01%. Similar coins are Stellar
Lumens, Ripple and Dash.
Released - March 2015
Trading Name - XEM
Authors - Unknown, Started on Bitcoin talk forum
by a member named Utopian Future.
Dash
Dash in an open source Peer to Peer Internet
crypto currency that offers instant transactions and
private transactions as wells as fungible tokens. It
is a fork of the Bitcoin software. Self funded and
self governed structure. The name Dash is
considered short for Digital cash. Low transaction
fees and almost instant.
Released - January 2014
Trading Name - DASH
Authors - Evan Duffield
Stellar Lumens
Stellar Lumens is a platform which connects bank
payments systems with people. Instant payments as
well as customizable payment infrastructure. An
open source protocol supported by the non profit
stellar foundation. In 2014 founder of Mt Gox and co
founder of Ripple launched the network system
Stellar. No mining available as majority of coins are
held by developers.
Released - July 2014
Trading Name - XLM
Authors - Jed McCleb, Joyce Kim
Monero
Monero is an open source currency which is
focusing on privacy and, decentralization. It runs on
Windows, MacOS, Android, Linus, iOS and
FreeBSD. Based of the Proof of work POW
algorithm. Monero is fungible, meaning it is
interchangeable and can be substituted for another
Monero. Different from other public ledger crypto
currencies like Bitcoin where users can refuse to
accept coins from other
users due to their activity,
Released - April 2014
Trading Name - XMR
Author - Nicolas van Saberhagen
How To Buy Bitcoin, Ethereum & Other
Cryptocurrencies
Visit the tutorials page for videos
on how to start up
Select a location, sign up with an
Exchange on the Buy / Sell page
Using your local currency
Either credit, debit card or cash + More
Purchase Bitcoin, Ethereum
& Other Cryptocurrency
How To Buy Alt Coins & Other
Cryptocurrency only available
on exchanges.
Keep in mind majority of the other
cryptocurrencies can only purchased
using Bitcoin & Ethereum
Select a location, Buy / Sell Alt Coin
sign up with an Exchange
Transfer Bitcoin or Ethereum
to exchange required
Select from over 1000+
Cryptocurrencies to purchase
How To Store, Keep Your
Bitcoin & Cryptocurrency secure
By visit the Wallets page for more
Locate the receiving address for bitcoin on an
exchange. Enter this address when sending
Bitcoin from place of purchase or wallet.
Follow the same steps when sending or
receiving. Use copy and paste to avoid errors
Key Words - Dictionary
Algorithm
An algorithm is a sequence of instruction put in place to
perform a task or solve a problem
Air Drop
A process by where coins a distributed freely on a first
come first serve basis, encouraging use and awareness
Alt Coin
An Alt coin is an alternative crypto currency also known
as an alternative coin. With over 1000s to select from
Bear Trap
When investors try to profit from the price moving down
Causing temporary quick price drops catching others out
Breaking
Breaking is the process by which you expose a system
information which is hidden and secure by infiltrating
Bot
Bot is short for ‘Robot’ simply a computer program
that automates the investing process of an asset for you
Bull Trap
When investors try to profit from the price moving up and
Cause a temporary quick price jump catching others out
Consensus
When majority agree on a similar thing we reach a
consensus. The general agreement or understanding
Cold Storage
Cold storage is simply digital data stored away from any
connection to the internet, computer or any network
Cryptojacking
Is when someones computer has been used without their
permission to secretly mine cryptocurrency
Cryptography
Cryptography is the process of protecting information and
making it unreadable thus protecting the data
Centralized
Centralized is when a system or organization is controlled
by once person or a group of people, a company, Group
Capital
Capital in economics is when you have anything of value
which strengthens positions towards making more wealth
DApp
DApp is a decentralized software applications running on
a network of computers which are public
Double Spending
Double spending, a form of deceit where someone tries to
spend the same token twice, Creating identical transactions
DEX
Is a decentralized exchange. This where users trade and
exchange directly without any 3rd party involvement
Digital Signature
Is a certificate based of a digital I.D. Using cryptography to
authenticate document contents and senders I.D
Decentralized
Decentralized, when a system or activities of organizations
are controlled by distributing across away from central point
Dip
A dip is caused when a crypto currency, stock or asset
drops in price
Escrow
When a 3rd party is involved in a transaction or trade and
holds valuable whether money or goods to reduce any risk
Exchange
An algorithm is a sequence of instruction put in place to
perform a task or solve a problem
Encryption
A secure and efficient process by where information is
made unreadable and hidden
.
Tax laws for cryptocurrency vary between between
different countries, some have been much more open
to accept blockchain whilst others followed suit.
It’s worth looking into your TAX and VAT laws in your
area also keeping in mind as the the market grows
policies will be likely be added, refined.
It’s straight forwards depending on income and type of
investment they can either be classed as speculative,
gambling or investing.
Each have other own TAX requirements which likely
falls under Capital Gains Tax otherwise known as
CGT. Allot of how you get taxed depends on your
overall incomes and investing behavior.
It also worth noting gold can be used as an alternative
when deciding to sell convert profits in to local
currency. Instead of converting directly to your local
currency paying tax we can buy gold using crypto
through various avenues. Since gold is Tax free we as
well. Bear in mind selling the gold for crypto might not
be as easy as converting crypto to gold yet.
As mentioned the market is still growing and as it
matures we can expect more avenues to open up for
investors or traders to make purchases with crypto or
even directly invest back into other investments. I’m
sure things will improve
Links to bitcoin & cryptocurrency tax laws in United
Kingdom U.K, America, Switzerland, China, Brazil,
Israel, Argentina, Australia, Canada, France, Japan,
Italy, Ireland, Sweden, European Union, Finland,
Spain, Netherlands, Isle Of Man, Norway, Russia,
Malaysia Hong Kong, India, Cayman Islands,
Bahamas, Jamaica, Dominican Republic, South
Africa, Kenya, Serbia, Singapore, Germany
Belgium, Czech Republic, Spain + Many more.
TAX laws for cryptocurrency in U.K
Implemented in 2013
Tax on crypto assets for individuals, businesses etc
https://www.gov.uk/government/publications/tax-on-
cryptoassets
Tax on crypto assets for individuals only
https://www.gov.uk/government/publications/tax-on-
cryptoassets/cryptoassets-for-
individuals
Check if you need to pay tax in Great britain, U.K
https://www.gov.uk/guidance/check-if-you-need-to-
pay-tax-when-you-sell-
cryptoassets
Tax laws for cryptocurrency in America
https://www.irs.gov/businesses/small-businesses-self-
employed/virtual-currencies
Tax, Vat & Laws on crypto in:
Switzerland, China, Brazil, Israel, Argentina,
Australia Canada, France, Japan, Italy, Ireland,
Sweden, European Union, Finland, Spain,
Netherlands, Isle Of Man, Norway, Russia,
Malaysia, Hong Kong, India, Cayman Islands,
Bahamas, Jamaica, Dominican Republic, South
Africa, Kenya, Serbia, Singapore, Germany,
Belgium, Czech Republic, Spain + Many more.
https://www.loc.gov/law/help/cryptocurrency/world-
survey.php