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Bitcoin Cash (BCH) Coin Profile by iCE3X

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The difference between Bitcoin Cash (BCH) and Bitcoin (BTC) lies in BCH’s idea of holding the original properties of digital funds. As a result, Bitcoin Cash is the new and improved Bitcoin Core. When bitcoin was first released, there was hardly any hype. But as the crypto started to grow, more blocks started to pile up. In May 2017, users were waiting up to 4-days for their transactions to process, with the option to pay an additional fee to speed up the transaction. As of late, Bitcoin Core suffers from high transaction fees and slow transaction speeds. This is a result of full blocks, rendering it useless. Despite this, Bitcoin Cash (BCH) scaled this issue, sitting at #4 for the highest market cap on the market.
What is Bitcoin Cash?

Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility https://t.co/9yBhyZ4XeW pic.twitter.com/lfaTiB0W4b
— Bitcoin News (@BTCTN) October 14, 2018

On August 1st, 2017, Bitcoin Cash (BCH) was released as a peer-to-peer electronic cash system, developed to reclaim the qualities of money that were previously exclusive to the original Bitcoin cryptocurrency.
Despite this, BCH is not a knock-off version of bitcoin, nor is it an altcoin. BCH is a hard fork of the Bitcoin Core network. Meaning that despite being on 2 different networks, both cryptos are able to share the same ledger as well as the historical codebase of Bitcoin Core. This hard fork increased Bitcoin Core’s block size from 1mb to 8mb, consequently resolving the scaling issue. However, this is not the only issue they address. (also read Bitcoin vs Bitcoin Cash)
Why Trade Bitcoin Cash (BCH)
One of Bitcoin Cash’s benefits is low transaction fees and fast confirmation times. Costing around $0.003 per transaction; Bitcoin Cash transactions take 10 minutes max to process. This is the result of the mempool of pending transactions being validated with each new block added to the blockchain.
Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Avg fees now over $40 per tx. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and exponentially with usage. We just spent $4800 to move 15 BTC in one TX. – Erik Voorhees, CEO of ShapeShift.
An average of 19 satoshis per byte is the fee for using Bitcoin Cash (BCH). A Satoshi is the smallest unit of bitcoin. Users can set their Bitcoin Cash manually to 2 satoshis per byte. With BCH, a polished user experience is the main focus. Users are also able to manually set the fees to 2 satoshis per byte, as well as add them to the next block of transactions.
In this graph, Bitcoin Core and Bitcoin Cash go head to head with Gold and Fiat currencies.

Bitcoin Cash (BCH) Price
Bitcoin Cash is a currency seeking use by merchants and regular users as a form of payment. This peer-to-peer electronic cash system provides speedy and secure transactions at low fees. Merchant and investor’s adoption of Bitcoin Cash is a big influence on the valuation of BCH, as well as it’s success.
As BCH is highly influenced by practical use cases of the coin, global adoption of the coin plays a major role in making the price go up. FUD spread by the media, as well as negative press from reputable people in the finance industry, banning of crypto by certain governments and hacker attacks on altcoins and exchange platform all negatively effect BCH prices.
Conclusion
Our cryptocurrency exchange iCE3X provides users with the ability to buy and sell BCH assets to their heart’s content. We provide secure access to an online trading platform that supports Bitcoin Cash, Bitcoin, and several other well-renowned altcoins. All our users’ crypto assets are kept offline in cold storage, and we provide 2-factor authentication (2FA) to keep our users even more secure.
We urge all of our users to research the market environment as well as the crypto asset you’re looking into before you invest. Never trade money you can’t afford to lose and make sure you do your homework before transacting.
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ByBTC Games

Bitcoin (BTC). Bitcoin Profile!

The post Bitcoin (BTC). Bitcoin Profile! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
When people hear about cryptocurrency for the first time, they often fling the word ‘bitcoin’ out there hoping it sticks so they can sound like they’re in the know. Bitcoin (BTC) is the top cryptocurrency on the market. Introduced in January 2019 by a synonymous ‘Satoshi Nakamoto’ bitcoin went on to become the number one cryptocurrency in the world. Shaking the financial industry in its wake.
What is Bitcoin?
When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant. – Jeff Garzik, Co-Founder of Bloq Inc, a contributor to Bitcoin Core, Bitcoin developer
A ‘Bit’ is a small fragment of digital information. ‘Coin’ is a representation of money. In 2009, bitcoin (BTC) becomes the first cryptocurrency with decentralization as its main focus. Bitcoin is a payment protocol that uses a public electronically distributed ledger (known as a blockchain). Also a cryptocurrency built to be transacted on the protocol.
Initially invented by the mysterious ‘Satoshi Nakamoto’ in 2009, bitcoin (BTC) has since become an open-source software, allowing anyone to suggest and implement improvements to the network when necessary. With bitcoin being open-source, anyone is able to access the code and work from it. As a result, thousands of altcoins have been popping up using similar blockchain technology.
Has Bitcoin’s valuation peaked?
The price of bitcoin skyrocketed in 2017. Starting 2017 at around $1,000 for one bitcoin, then shooting up to over $19,000 by December. While this may have brought many eyes to the cryptocurrency industries and the opportunities it presents; it is hard to speculate on the future of the coin due to government regulations. Despite this, bitcoin (BTC) isn’t going anywhere for a while. Developers have been exploring the practical uses of bitcoin, while also finding ways to improve the current system. This could cause the potential value of the currency to increase over time. One of the main setbacks affecting the growth of Bitcoin and cryptocurrencies, in general, is the rise of government regulations. This causes market-speculation as people are hesitant to trade an asset that is in a grey area in their country.
We are offering bitcoin price calculator for those of you that want to see the price without looking int all of these charts.
Should I invest in Bitcoin (BTC)?
When investing your money into anything on the planet, it’s important to do your due diligence paired with comprehensive research to manage your risk. As demonstrated by the market boom during the end of 2017, bitcoin has become hot property. Bitcoin is a volatile asset, so it’s not a good idea to invest what you can’t afford to lose.
Though Bitcoin has gone through many periods of volatility, 2018 has been the most stable year for the currency. It’s easy to invest in bitcoin. By creating a free account with iCE3X  users are able to get access markets and deposit money to start trading. With a cap of 21,000,000 bitcoins in circulation at once, the price of Bitcoin can only go up from here, even if it takes years.
If you’re not investing to make trades, you can send bitcoin (BTC) anywhere in the world paying little to no fees. If you’re sending money to friends and family in different countries, this may be a cheaper alternative for you.

You seeing this @Nouriel?
Bitcoin doesn't care about dogs barking out blatant lies pic.twitter.com/vkwQLdsnPb
— Joseph Young (@iamjosephyoung) October 15, 2018

You can also read “South Africans are flocking to bitcoin as the Rand falls” for more information about what is going on with bitcoin and rand ratio.
Is Bitcoin legal?
One of the main features that peaks interest in bitcoin is that it functions without any 3rd party involvement from a government or reserve bank. Cryptocurrency exchanges such as iCE3X are platforms that give users the ability to convert traditional fiat currency into cryptocurrency. In order to protect their users from risks such as hackers or fraud, exchanges often go under regulatory procedures.
While Bitcoin is in a grey area worldwide, it is often legal in many countries, despite other countries banning it outright. For example, bitcoin is allowed in a wide selection of countries in Africa (Ghana, Nigeria etc), but banned in others (Morocco etc.).
Conclusion
Investing in bitcoin (BTC) is fairly easy. Many places allow users to buy bitcoin with PayPal, though we don’t suggest that. But if you’re an amateur trader or even seasoned trader, there are many opportunities to make good profits with bitcoin. If you’re not a trader, bitcoin (BTC) provides a practical use for your expenditures and can often be the cheaper alternative. We suggest you store your bitcoins in a safe location if you’re going to get started.
What do you think about bitcoin? Is it the crypto asset you deal in most? Or are there other coins that have your interest peaked? Let us know your thoughts in the comments below.
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ByBTC Games

Bitcoin Price on an ATM! Why it is Expensive and Should You Use it?

The post Bitcoin Price on an ATM! Why it is Expensive and Should You Use it? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
A bitcoin ATM is a kiosk that allows users to buy and occasionally, sell bitcoins for cash. These ATMs are not the same as the ones that receive support from banks or other traditional financial institutions. These Bitcoin ATMs are often more expensive than trading online as the infrastructure is costlier.

#Bitcoin #ATM at the #PanamaCanal.#Cryptobuyer #Panamá pic.twitter.com/kllYDDJ2tR
— Dustin M. Jackson (@CaymanPirate) October 12, 2018

How do I use a Bitcoin ATM?
First, the user would need to scan their identification in order for the ATM to validate it. The user will then feed the machine some cash, and generate a QR code from their wallet. Next, the user will send their amount of bitcoins to the presented address. ATMs will either generate a paper wallet or a digital one.
Essentially, a Bitcoin ATM is a tool that transmits money. As such, any businesses that come under FinCEN rulings will have to comply with Know Your Client (KYC) and Anti Money Laundering (AML) procedures. In order to register for the money transmitter status, Bitcoin ATM owners will have to pay large amounts, meaning they will have to knock up the fees to compensate.
What’s the Price of Bitcoin ATM?
This process can take seconds to process, making Bitcoin ATMs of the fastest platforms to transact in bitcoin.
Continue reading to understand the price of bitcoin when using an ATM. Transaction fees are commonly in the range of around 5% with highs of 7%. Bitcoin ATMs generate price quotes live from large cryptocurrency exchanges worldwide. Bitcoin ATM owners will often manage their cash and Bitcoin exposure by maintaining a balance between the inputs and outputs through live trading with an exchange. As a result, holding too much bitcoin without hedging can open them up to the possibility of large losses.
Bitcoin ATMs commonly set upper and lower limits to the number of funds you are able to deposit. As the upper limit may be lower than the price of a single bitcoin, customers are given the option to purchase a fraction of a bitcoin. Once a purchase is made, the bitcoin will appear in the customer’s e-wallet. Also, this process can take seconds to process, making this one of the fastest ways to transact in bitcoin.
Even though many Bitcoin users are enthusiasts and even aficionados, there are practical uses that may have helped in the global spread of Bitcoin ATMs. A well-known use is for any travellers facing high fees at traditional bureau de changes is to buy bitcoin before the flight, and sell it after. Despite this, with fees ranging from 5 – 7 % this can be a risky decision when the market is volatile.
If you are not convinced and prefer an ATM to bitcoin exchanges, you can read our article about Buy Bitcoin with Paypal for another way to get bitcoin for Rand.
Where can I find Bitcoin ATM’s in South Africa?
There have been many reports and we have been around long enough to remember the first bitcoin ATM in South Africa
Conclusion
The way we exchange and transact bitcoins changed once Bitcoin ATM’s surfaced. This is because it compliments the decentralized nature of cryptocurrencies. Now, anyone is able to visit their local Bitcoin ATM and buy or sell bitcoins with ease. These machines are secure and very user-friendly, coming with a screen that clearly instructs users on how to operate it. It may be important to note that most Bitcoin ATMs only run during business hours. So unless you have a 24hr store near you operating one, it may be wise to plan your day and make sure your nearest Bitcoin ATM is operating when you need it.
What is the best way for you to exchange your bitcoins? Have to tried a bitcoin ATM? Would you try if you have a chance? Leave us your comments about bitcoin ATMs below!
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ByBTC Games

Two-factor authentication (2FA) for Dummies

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Two-factor authentication often sounds difficult, confusing and to some people, it doesn’t make sense. So what is it? Think of it like this; You’re going to your apartment and you have the key to your door, but a guard is asking for a password before he lets you in the door. In essence, 2-factor authentication requires something you have, and something you know.
What is Two-Factor Authentication?

It's Week 3 of #CyberSecurity Awareness Month! Are you #CyberAware? Enable 2-Factor Authentication (2FA) wherever possible to add another layer of security to sensitive third-party apps and websites. *cough* Twitter *cough*
— Angelita Mardiros (@AM_ITConsulting) October 15, 2018

When using online banking, or our iCE3X cryptocurrency exchange, you will often need to set up Two-Factor authentication (2FA). We’ve witnessed a large increase in the number of websites being hacked, resulting in users personal data being stolen. With cybercrime becoming more sophisticated, the old 1 password and email security system is outdated. Though sometimes it’s just simple human error at fault resulting in a cyber attack. Companies often find that their old security infrastructures are no match against modern cyber threats and attacks.
2-Factor Authentication adds an extra layer to security, implemented to make sure a user trying to access an online account is who they say they are. A user will enter their email/username and password, then as soon as they log in, they will need to give another piece of information.
This second factor can be any one of these categories:

Something you have: Usually something the user would have on their people such as a bank card, phone or small hardware token
You know: Something the user would remember such as a PIN number, a password or the answer to a secret question. Even a specific keystroke pattern.
You are: A new option for 2FA, this is a biometric layer of security. This could be a fingerprint, a voice print or an iris scan.

With 2FA, if your password is stolen or you lose your phone, the chances of another person having any of your second-factor information are extremely low. In the future, if consumers use 2FA correctly, a website or app could be more confident about the user’s identity and unlock the account based on trust.
Different types of 2-Factor Authentication 
Nowadays, any websites that don’t require 2FA upon entry open themselves up to the risk of hackers. However, this doesn’t mean that all 2FA techniques are the same. There are a variety of 2FA techniques in use today, some are more complex than others, but they all offer better protection than just having a password. Here is a list detailing the different types of 2FA
Hardware Tokens
One of the oldest, if not the oldest form of 2FA around. Hardware tokens are small pocket size items that generate a numeric code once every 30 seconds. With these, a user will log into one of their accounts, and glance at the device to see the code, then enter it into the website or application. Some versions of hardware tokens will automatically enter the 2FA code once they enter into a computer system’s USB port.
Hardware tokens are known to provide bank – level security to users. They are usually an enterprise tool; meaning they are not built for use with other sites or applications than the one that chose to provide the hardware token. Despite this, hardware tokens still suffer from various downsides. For example, businesses struggle with distributing these items as they are expensive. Also, many users say that the size of the tokens makes them easy to misplace. Plus, it becomes an item you have to keep on you 24/7 just to log in.
Software Tokens
Probably the best form of Two-factor authentication. Using a software generated one-time passcode that self-destructs after a short period of time (codes lose their validity after 30 seconds – 10 minutes), software tokens provide a superior alternative to SMS and voice 2FA.
Software tokens like Google authenticator / Authy are easy to use apps that secure 99% of all 2FA enabled applications and sites. All a user would need to do is download the 2FA app on their smartphone or computer. After this, they will set it up, then after they enter a username and password, they enter the code shown on the 2FA app.
Similar to hardware tokens, the codes generated in order to log in only last for a short period of time. A big concern for SMS or voice delivery methods is hacker interception. But with soft tokens, the code generates and displays on the same device, leaving no entry points for a hacker. These tokens operate using the internet so there is no need for a phone connection so long as you have an internet connection.
Voice-based 2FA / SMS
SMS is the least secure method of 2-factor authentication as sim cloning is a widespread problem all over the world
SMS Text message based 2FA directly interacts with a user’s phone. After a site receives a username, password and phone number, a one-time passcode (OTP) is sent via text message. The user must then enter this passcode into the application to receive access to the account. Voice-based 2fa operates in a similar way; Users will receive a call and will be told to verbally deliver the 2FA code. This is more common in countries where smartphones are expensive and cell phone service is bad.
If you’re using a low-risk website, this authentication method may be all you need. But when using a website that stores your personal information, or your funds like on iCE3X, you may be better off with a Software Token. SMS is the least secure method of Two-factor authentication as sim cloning is a widespread problem all over the world.
In countries like South Africa, cell phone reception is poor in some places, so if you don’t have service, you won’t be able to access your funds. With operator downtime becoming a factor when using this method, this should be your last resort. Especially if you’re in South Africa.
Backing up your master key
Backing up your master key is extremely important. If you don’t do this, you are storing all your accounts on your authenticator app. This is because without backing up your device, all the information is kept on your phone. If you lose your phone, you’ll lose your accounts too.
To counteract this, you can opt in to back your accounts up to the cloud. Of course, all authenticator accounts go through encryption before the upload in order to keep all your information safe. Your phone is the only item that can encrypt/decrypt the files.
How to activate 2FA on iCE3X

Login to the iceCubed Platform (https://ice3x.com)
On the main page, click on “My Account”.
Click on the “Settings” tab.
You may use any one of these links listed below to download the authenticator app on your phone.
For Android
For iPhone
Click the “Enable” icon to begin to activate Two-Factor Authentication
Scan the QR code with your Google Authentication App. You will now have a 6 Digit Authorization Code which will change every time you log into your account. When asked for this code, only use the code that shows on your phone screen.
Insert the 2fa from Google Authenticator then press the “SAVE” button.
Please tick all the tabs where you want the extra security of two-factor authentication, and save it using your authorization code.

Read more about why 2FA matters!
Conclusion
Stolen and weak passwords are a common cause for security breaches. Though passwords are the main ( and sometimes only) way companies attempt to protect their users, 2FA can be a simple solution. An outbreak of 2FA based accounts would be a hacker’s worst nightmare. Set up 2FA on your account now to ensure your funds and personal information are safe.
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ByBTC Games

Ethereum (ETH) Coin Profile. ETH Token!

The post Ethereum (ETH) Coin Profile. ETH Token! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Ethereum is a rising star in the cryptocurrency realm. If Bitcoin is king of cryptocurrency, Ethereum is the queen. Since it’s launch in 2015, Ethereum has quickly taken the #2 spot as the second largest digital currency. In this post, we will be going over what makes Ethereum worthy enough to challenge the #1 spot. For more about what is ETH Token, Ether & Ethereum dive into the knowledge ocean provided by iCE3X.
A decentralized blockchain app platform.
Launched in 2015, Ethereum was created by Vitalik Buterin and a global team of developers making up the Ethereum foundation, a Swiss non-profit organization. In a nutshell, Ethereum is a decentralized platform that runs smart contracts and Distributed Autonomous Applications (dApps).

Ethereum also shares several similarities with bitcoin, one being the fact that both are public peer-to-peer networks with a digital token. In this case, Ethereum’s digital token is Ether (ETH) or ETH Token.

What are smart contracts? 

There is much talk about ERC20 and #smartcontracts. But how do users actually interact with them on the #Ethereum #blockchain? Check out our latest infographic. pic.twitter.com/OMq3yKlWG0
— Alethena (@alethena_rating) October 11, 2018

In a nutshell, smart contracts are applications that run in regards to how the user decides to program them. These applications run on the blockchain, and are users can program them without any need for a middleman, and without the risk of any downtime or censorship.
One of the many features that come with Ethereum apps is the ability to move funds around. Users are able to develop their own markets and store debt registries. Ethereum’s blockchain can store data for use by computer programs running on the blockchain. These applications are ‘decentralized apps’ (dApps).
Ethereum users who want to develop their own dApps have the ability to build:

Tradable tokens with a fixed supply cap, paired with a central bank with the ability to issue funds as well as a puzzle-based cryptocurrency.
A crowd-fund to involve people in a product before it’s initial release.
A crowd-sale for virtual shares on a blockchain organization, as well as an auction of a certain number of items
A virtual organization to vote on issues on the Ethereum network/blockchain
Transparent associations for shareholder voting.
Create your own country with an unchangeable constitution and improved delegations for democracy.

For an engine such as Ethereum to run smoothly, it’s going to need fuel. As a result, ETH Token is the fuel for all operations on the Ethereum blockchain
The thing that I often ask startups on top of Ethereum is, ‘Can you please tell me why using the Ethereum blockchain is better than using Excel?’ And if they can come up with a good answer, that’s when you know you’ve got something really interesting. – Vitalik Buterin
ETH Token or Ether Tokens (ETH) 
Ether or ETH, is the digital token users use to pay for computational resources for applications running on the Ethereum network. In other words, ETH is the digital payment made to the system that executes each operation. As a result, users get ETH token rewards for offering their resources.
A common interest amongst the cryptocurrency community and on the crypto forums is the supply of tokens. All cryptocurrencies on the market have a differing supply of coins, and while the ETH token cap may be high, it is not infinite. The total supply, as well as the issuance rate, was reliant upon the donations for the platform’s prescale occurring in 2014. During this presale, the developers came to the conclusion that the issuance cap of ETH token would be 25% of the initial supply per year. As a result, the relative inflation drops each year.
The supply stats of Ether (ETH) are:

The Ethereum presale contributors managed to generate 60 million ETH tokens.
From this 60 million, 12 million tokens went toward the development fund.
It takes 15 seconds to add a miners block to the chain, generating 5 ETH tokens in the process.
Known as the ‘Uncle/Aunt’ rewards; 2-3 ETH tokens are occasionally sent to miners if they were able to find a solution despite their block not making it to the blockchain in time.

Computers across the globe maintain Ethereum’s engine

Ethereum mining

When mining any digital currency, you are solving problems in order to add new blocks to the blockchain. The computer system that signs the latest transaction to the blockchain would generate a new block in order to get 3 ETH. As this is still mining, compensation is given in proportion to the system’s processing power. Meaning, if you want to get the most ETH token value, you will need a powerful mining rig which can be very expensive.

Ethereum wallets

Traders all over the world that use ETH, use an Ethereum wallet. Ethereum wallet storages are the foundation of the dApps on the Ethereum blockchain. Users can use these wallets to buy and hold onto your ETH, as well as any other Ether assets in a secure and decentralized manner. Alternatively, users can use them as a method to send and receive coins/crypto assets if they so chose to do so.

Ethereum trading

After Ethereum launched in 2015, the cryptocurrency quickly rose to the 2nd highest market share, sitting comfortably behind Bitcoin. On a daily basis, thousands of ETH tokens are traded on cryptocurrency exchanges like iCE3X. Traders of all levels of experience, from the seasoned veterans to the newcomers may see profitable benefits with Ethereum trading.

Peer-to-peer marketplaces

A wide selection of peer-to-peer marketplaces assists in keeping the Ethereum blockchain running smoothly. This is made possible by allowing both prospective and current Ethereum investors to buy and sell Ether (ETH) tokens, while also keeping track of its market capitalization.
iCE3X and Ethereum
We have added ETH/ZAR markets to the iCE3X exchange. If you would like to buy or sell Ethereum in South Africa, you can do that on our exchange. Ethereum deposits are 100% free and our trading fees are competitive.
With all the features that Ethereum offers the cryptocurrency industry, we at iCE3X believe that ETH token is worth holding as a long-term asset. If anything, this is most likely why many South Africans love this cryptocurrency so much.
Ethereum is one of the most trusted cryptocurrencies on the market. Though Ethereum is second place on the market, many people argue that it is superior to Bitcoin. Even though ETH tokens are worth less than BTC tokens, With all of the features that are on the Ethereum network and the ability to create dApps, Ethereum offers better scalability than bitcoin while also providing faster transaction speeds.
Conclusion
Some believe there is definitely an opportunity for Ethereum to become the most valued cryptocurrency in the world. But for now, with the markets in a mundane state, and most cryptocurrencies down by more than 20% from their peaks; Ethereum may remain the underdog of the cryptocurrency market, despite it being in the number 2 spot already.
What are your thoughts on Ethereum? Will you be trading it with ? Let us know your thoughts in the comments below.
 
The post Ethereum (ETH) Coin Profile. ETH Token! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

ByBTC Games

Cardano coin profile – Cardano (ADA)

The post Cardano coin profile – Cardano (ADA) appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
If any altcoins out there are more exciting than Ethereum or Monero, it’s probably Cardano coin. Cardano (ADA) was founded by Ethereum co-founder Charles Hoskinson and Jeremy Wood.
What is Cardano (ADA)?
A major innovation of Cardano is that it will balance the needs of users with those of regulators, and in doing so combine privacy with regulation. The vision for Cardano is that its new style of regulated computing will bring greater financial inclusion by providing open access for all to fair financial service – Cardano
Cardano coin launched in 2015. 3 organizations contributed to the development of Cardano. These were the Switzerland-based Cardano Foundation, cryptocurrency research team IOHK and a FinTech company named Emurgo. Cardano’s main goal is to tap into the markets where bank systems are far too expensive to implement. As a result, Cardano comes with a balanced, sustainable ecosystem that takes it’s users’ needs into consideration, developing financial systems that await integration.
At its root, Cardano is a decentralized public blockchain technology with an open source cryptocurrency tied to it. It’s smart contracts aim to provide some of the world’s most advanced protocol features to the market.
Cardano’s smart contract platform uses a programming language named ‘Haskell’. This code has a high degree of fault tolerance, as well as built-in flexibility, making way for a margin of error. Soft forks apply maintenance and new upgrades to the platform. Cardano coin operates on 2 layers in order to maintain this level of flexibility.
ADA (Cardano’s cryptocurrency) is available to trade on our cryptocurrency exchange to buy or sell for bitcoin or rand. You can also use ADA to send and receive digital funds securely, using the ability of quick and direct transfers provided by crypto wallets.

What’s Next for Cardano $ADA ?
1. Game Theory and Proof-of-Stake2. Decentralization and Staking3. Ouroboros development5. Two new programming languages: Plutus and Marlowe6. Smart contracts7. Side chains8. Hardware wallet pic.twitter.com/hIdYXMWCFF
— HODL (@HodlBitcoin2020) October 3, 2018

How does Cardano coin work?
The Cardano coin platform implements decentralized financial applications (also known as DApps) which often have daily crypto use cases for ADA holders as well as organizations and governments all over the globe.
Cardano’s 2 layers operate with the intention of separating the ledger of account values; for the same reason why values have to move from one account to another. This helps to incur more flexibility for the smart contracts. As a result, ADA investors will have the ability to personalize their privacy, design and execution techniques of each contract they have for their Cardano coin use-cases. These two layers are:

Cardano Settlement Layer (CSL)

Acting as a balance ledger, this layer has the intention of being an improvement to the bitcoin blockchain. Paired with the blockchain’s Ouroboros Proof-Of-Stake consensus algorithm, it is able to determine how individual nodes reach consensus about the network.
When using the Ouroboros PoS, the ‘Follow the Satoshi’ algorithm will select a cryptocurrency you hold. Then, you will be able to become a slot leader and push new blocks to the network. Nodes will automate this process for you.

Cardano Computation Layer (CCL)

The Cardano Computation Layer stores all the information on why any transactions that take place on the network occur. With this layer, users have the ability to create different rules when testing transactions. The CCL also provides compatibility for the Ethereum smart contract (DApps) programming language Solidity. This is mainly for low assurance applications.
The Cardano developers are working toward creating a new programming language ‘Plutus’ to create smart contracts on the CCL. As well as this, it will be a tool that verifies code, as well as enhancing code assurance. A reference library for the Plutus code is also in the development stage for use in all DApps projects.
Following this, Cardano also aims to support ‘KMZ Sidechains’, a protocol which involves the proof-of-work consensus. The integration of KMZ Sidechains will allow funds to safely move from CSL to any CCL or blockchain running this protocol. Under certain regulatory standards, the side chains will also allow ledgers to interact with CSL without sharing any private data.
Cardano ADA transaction fees
Whenever a Cardano coin user wants to transfer an amount of ADA, some minimal fees are computed dynamically for that transaction. In order for a transaction to be validated, these minimal fees have to be applied. Despite this, the sender is free to pay higher fees if they so chose to.
A formula determines the minimum fees for all ADA transactions:
A + B * Size
In this formula;

A is a special constant, as it stands, it is currently 0.155381 ADA
B is also a special constant, currently, it is 0.000043946  ADA/byte.
Size is equal to the size of each transaction in bytes.

This formula means that each transaction will cost at least 0.155381 ADA, with an added cost of 0.000043946 ADA per byte of the transaction size. As an example; a transaction with the size of 200 bytes (a fairly common size) would cost:
0.155381 ADA + 0.000043846 ADA/byte * 200 bytes = 0.1641702 ADA
Both the A and B parameters serve a special function to make the network and transactions work cohesively.

Parameter A prevents DDoS attacks. Even a small tester transaction should cost enough to hurt any attacker’s wallet attempting to generate thousands of them.
Parameter B reflects the actual costs of transactions. Storing larger transactions requires more computer memory than storing the smaller one. As a result, large transactions cost more than smalle transactions.

Although the particular values for these parameters have been calculated, there is a chance that these values could be adjusted in the future in order to better reflect the actual costs.
Where to buy Cardano ADA?
ADA trading markets went live on the ICE³X cryptocurrency exchange platform on 1 August 2018. iCE³X  listed the ADA/ZAR and ADA/BTC markets simultaneously and also have no trading fees on the ADA/BTC market.
iCE3X offer a wide selection of cryptocurrencies and 17 markets in total. We believe that Cardano coin is a good addition to the exchange. New coins are carefully evaluated before being added to our exchange. We consider not only the market demand but also the team and community behind a particular coin, its history, the state it’s currently in, and the future of ADA. Furthermore, it is important to note that any new entrants to the market add value or unique features, else the token is just another digital token.
We think Cardano ADA is currently the most suitable coin to add to the exchange, because it is fundamentally different in its approach, I think Charles (Hoskinson) is an incredible mind and in the sea of ICO noise, Cardano is the elusive mystery island. – Gareth Grobler, CEO at iCE3X
ADA/BTC Markets
ADA/ZAR Markets
How to sell Cardano ADA (graphics from the trading platform)
Traders are invited to register and trade ADA tokens on iCE3X. Further information on how to trade ADA and frequently asked questions can be found on our service desk portal. Trading ADA on the iceCUBED exchange is quick, easy and secure.
Traders have the ability to sell ADA/BTC with no fees on our market. We have live charts that provide our users with customization options to better cater to their chart reading skills.

If you’re looking to cash out your ADA to fiat money instead, we also provide ADA/ZAR Markets

The ADA token value is volatile under certain conditions. As a result, such conditions will, by and large, affect all coins equally. What makes Cardano one of only a handful of coins or tokens worth considering for long-term investment is its academic principle.
Let us know your thoughts about Cardano in the comments below.
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