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View the latest news today for bitcoin market in Japan, cryptocurrency, new features, and campaign at Coincheck Blog.

Buying Cryptocurrency at Coincheck – Beginner’s Guide

cryptocurrecny-trading-exchange

The following post will explain the process of buying Bitcoins at Coincheck using the various payment methods.

Step 1 – Create an account

Sign up to create your account on Coincheck. After creating the account make sure to verify your identity in order to be able to deposit USD, through a convenience store or through Payeasy. Depositing more than 500 USD (50,000 JPY equivalent) or withdrawing more than 300 USD (30,000 JPY equivalent) a day requires proof of identity.

 

For identity verification you’ll need to provide a government issued id and proof of residence in the form of utility bill or bank statement.

 

For added security to your account enable two factor authentication.

 

Step 2 – Deposit funds

After you identity is verified you can deposit money into your account. Choose your preferred payment method and follow the instructions for the deposit. Once your deposit goes through (can take up to several business days) you are ready to buy your coins.

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If you want to buy altcoins (i.e. any coin that isn’t Bitcoin) you can also deposit Bitcoins to your account. This can be done through the “deposit coin” tab.

 

Step 3 – Buy Coins

On the “buy coins” tab choose the cryptocurrency you’d like to buy. Enter the amount you’d like to buy, choose the currency to be used for the transaction and click on “Buy”. Remember that once you click the button the transaction is final and cannot be canceled so make sure that all the details are correct.

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Step 4 – Move the coins into your personal wallet (optional)

In order to best guard your coins it’s always advised that you keep the coins inside your own personal wallet and not in an exchange. You can use the “send Bitcoin” tab in order to send your coins to your personal wallet if you wish. For more tips about keeping your coins safe read this post.

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If you find yourself struggling at some point just contact our support and we’ll get back to you as soon as possible.

-Ofir Beigel

Coincheck Cryptocurrency Exchange

ARK Connecting Blockchain

 ark_consumer_adoption

Crowdfunding campaigns where coins with new and exciting features are sold are held daily and many traders seem to profit from the volatility and speculation that plagues the cryptocurrency ecosystem. However, an independent blockchain project has a plan for the future from the perspective of the consumer.

A new cryptocurrency platform called ARK has a plan to push forward mass cryptocurrency adoption. Developed from Lisk, Crypti, and BitShares with unique differences and improvements, ARK runs on a  Delegated Proof of Stake (DPoS) consensus algorithm that allows users to delegate their staking power through new improved voting mechanisms to pre-selected delegates. To achieve this ambitious goal, ARK plans to develop and launch a diverse set of consumer tools that can be used in the real life world to push cryptocurrencies outside of the realm of speculation, where the only real use for “coins” is to profit from its volatility.

The ARK Platform relies on smartbridges to extend the reach of its operations to other blockchains. Not to be confused with side chains, these allow blockchains to be connected by sending and receiving trigger function notices and informational data through the primary ARK network via custom developed SmartBridges and Encoded Listeners . This allows ARK to have functionalities that are absent on its blockchain, by communicating with other blockchains via custom transactions. – Read the Whitepaper here.

Ark, as an “ecosystem” plans to stimulate cryptocurrency mass adoption by offering multiple consumer tools like a card network, game tokens, anonymous transactions, multi-signature accounts, and others. Adding more features and tools along the way as can be seen in the roadmap below.

 ark_roadmap

125 million coins in total will be issued on the ARK blockchain. These coins are pre-issued and will be distributed through a crowdfunding campaign known as Initial Coin Offering. This campaign is currently ongoing and has received over 1476 bitcoin worth of Lisk and 111 Bitcoins. Given that the developers of the ARK Platform have deep ties within the Lisk community, the campaign started with a 24 bonus of 120% to participants investing with LSK, and give higher bonus to LSK than to BTC investments throughout the campaign as a token of appreciation for the Lisk community.

 

Crowdfunding campaigns where coins with new and exciting features are sold are held daily and many traders seem to profit from the volatility and speculation that plagues the cryptocurrency ecosystem. However, an independent blockchain project has a plan for the future from the perspective of the consumer.

 

A new cryptocurrency platform called ARK has a plan to push forward mass cryptocurrency adoption. Developed from Lisk, Crypti, and BitShares with unique differences and improvements, ARK runs on a Delegated Proof of Stake (DPoS) consensus algorithm that allows users to delegate their staking power through new improved voting mechanisms to pre-selected delegates. To achieve this ambitious goal, ARK plans to develop and launch a diverse set of consumer tools that can be used in the real life world to push cryptocurrencies outside of the realm of speculation, where the only real use for “coins” is to profit from its volatility.

 

The ARK Platform relies on smartbridges to extend the reach of its operations to other blockchains. Not to be confused with side chains, these allow blockchains to be connected by sending and receiving trigger function notices and informational data through the primary ARK network via custom developed SmartBridges and Encoded Listeners . This allows ARK to have functionalities that are absent on its blockchain, by communicating with other blockchains via custom transactions. – Read the Whitepaper here.

 

Ark, as an “ecosystem” plans to stimulate cryptocurrency mass adoption by offering multiple consumer tools like a card network, game tokens, anonymous transactions, multi-signature accounts, and others. Adding more features and tools along the way as can be seen in the roadmap below.

 

 

 

125 million coins in total will be issued on the ARK blockchain. These coins are pre-issued and will be distributed through a crowdfunding campaign known as Initial Coin Offering. This campaign is currently ongoing and has received over 1476 bitcoin worth of Lisk and 111 Bitcoins. Given that the developers of the ARK Platform have deep ties within the Lisk community, the campaign started with a 24 bonus of 120% to participants investing with LSK, and give higher bonus to LSK than to BTC investments throughout the campaign as a token of appreciation for the Lisk community.

 

To learn more about the ARK Platform, you can visit the official website or read the whitepaper.

 

Crowdfunding campaigns where coins with new and exciting features are sold are held daily and many traders seem to profit from the volatility and speculation that plagues the cryptocurrency ecosystem. However, an independent blockchain project has a plan for the future from the perspective of the consumer.

 

A new cryptocurrency platform called ARK has a plan to push forward mass cryptocurrency adoption. Developed from Lisk, Crypti, and BitShares with unique differences and improvements, ARK runs on a Delegated Proof of Stake (DPoS) consensus algorithm that allows users to delegate their staking power through new improved voting mechanisms to pre-selected delegates. To achieve this ambitious goal, ARK plans to develop and launch a diverse set of consumer tools that can be used in the real life world to push cryptocurrencies outside of the realm of speculation, where the only real use for “coins” is to profit from its volatility.

 

The ARK Platform relies on smartbridges to extend the reach of its operations to other blockchains. Not to be confused with side chains, these allow blockchains to be connected by sending and receiving trigger function notices and informational data through the primary ARK network via custom developed SmartBridges and Encoded Listeners . This allows ARK to have functionalities that are absent on its blockchain, by communicating with other blockchains via custom transactions. – Read the Whitepaper here.

 

Ark, as an “ecosystem” plans to stimulate cryptocurrency mass adoption by offering multiple consumer tools like a card network, game tokens, anonymous transactions, multi-signature accounts, and others. Adding more features and tools along the way as can be seen in the roadmap below.

 

 

 

125 million coins in total will be issued on the ARK blockchain. These coins are pre-issued and will be distributed through a crowdfunding campaign known as Initial Coin Offering. This campaign is currently ongoing and has received over 1476 bitcoin worth of Lisk and 111 Bitcoins. Given that the developers of the ARK Platform have deep ties within the Lisk community, the campaign started with a 24 bonus of 120% to participants investing with LSK, and give higher bonus to LSK than to BTC investments throughout the campaign as a token of appreciation for the Lisk community.

 

To learn more about the ARK Platform, you can visit the official website or read the whitepaper.

 

Crowdfunding campaigns where coins with new and exciting features are sold are held daily and many traders seem to profit from the volatility and speculation that plagues the cryptocurrency ecosystem. However, an independent blockchain project has a plan for the future from the perspective of the consumer.

 

A new cryptocurrency platform called ARK has a plan to push forward mass cryptocurrency adoption. Developed from Lisk, Crypti, and BitShares with unique differences and improvements, ARK runs on a Delegated Proof of Stake (DPoS) consensus algorithm that allows users to delegate their staking power through new improved voting mechanisms to pre-selected delegates. To achieve this ambitious goal, ARK plans to develop and launch a diverse set of consumer tools that can be used in the real life world to push cryptocurrencies outside of the realm of speculation, where the only real use for “coins” is to profit from its volatility.

 

The ARK Platform relies on smartbridges to extend the reach of its operations to other blockchains. Not to be confused with side chains, these allow blockchains to be connected by sending and receiving trigger function notices and informational data through the primary ARK network via custom developed SmartBridges and Encoded Listeners . This allows ARK to have functionalities that are absent on its blockchain, by communicating with other blockchains via custom transactions. – Read the Whitepaper here.

 

Ark, as an “ecosystem” plans to stimulate cryptocurrency mass adoption by offering multiple consumer tools like a card network, game tokens, anonymous transactions, multi-signature accounts, and others. Adding more features and tools along the way as can be seen in the roadmap below.

 

 

125 million coins in total will be issued on the ARK blockchain. These coins are pre-issued and will be distributed through a crowdfunding campaign known as Initial Coin Offering. This campaign is currently ongoing and has received over 1476 bitcoin worth of Lisk and 111 Bitcoins. Given that the developers of the ARK Platform have deep ties within the Lisk community, the campaign started with a 24 bonus of 120% to participants investing with LSK, and give higher bonus to LSK than to BTC investments throughout the campaign as a token of appreciation for the Lisk community.

 

To learn more about the ARK Platform, you can visit the official website or read the whitepaper.

Coincheck Cryptocurrency Exchange

Coincheck adds Zcash: Here’s why!

zcash-banner

Coincheck has recently added Zcash to its illustrious family of coins, to join the ranks of top rated cryptocurrencies like Bitcoin and Ethereum in the Japanese markets. Coincheck understands the value of privacy and how a fully anonymous cryptocurrencies can not only help users retain their right to privacy, but also how it can help with one of the most critical issues in Bitcoin: Fungibility

Zcash is much like Bitcoin, in many aspects. The total supply and issuance rate is the same, meaning that only 21 million ZEC will ever be created. However, Zcash allows users to send normal (transparent) and private transactions. Transparent transactions behave like a normal Bitcoin transaction in mostly everyway, as it can be seen and inspected on the Blockchain. Private transactions, however, rely on Zero Knoweldge Proofs to ensure that all the relevant information, such as amount, sender, and reciever, remain hiden from the public records. The terms “Zero Knowldge Proofs” can seem somewhat vague to the casual observer, but it describes the cryptographic technology used perfectly. ZCash can encrypt transactions in such a way that their content remains hidden, while the transaction itself can be verified as legit and not a double-spend.

The demand for a fully anonymous cryptocurrency is evident when one looks ate the amazing hype that ZCash has recieved before and after its launch. On the first day of trading, Zcash actually reached 3000 BTC on the price charts, a feat that was never imagined possible. Other privacy-driven cryptocurrencies like Monero and DASH have also strived to provide an anonymous solution, by integrating Ring Signatures and built-in mixing services. These, however, pale in comparision to the underlying technology behind ZCash when it comes to untraceability. While transactions made using these blockchains can be traced back to a group of users that have participated in the mixing, Zcash’s transactions are 100% untraceable.

Zcash is also extremely popular among miners that value the decentralization of cryptocurrency mining, something that Zcash provides thanks to its memory hard algorithm, Equihash. Miners are heating up, not only their graphic cards, but also their CPUs, which is unusual in cryptocurrency mining, where most coins either rely on GPU (graphic cards) or ASIC miners.

 

Coincheck Cryptocurrency Exchange

Ethereum Classic Forked

ether-classis-hardfork
Ethereum Classic, the cryptocurrency that is best known for being a “DAO hardfork-free” version of Ethereum has undergone a fork of its own this morning, possibly the first of many. While this fork does not represent a shift in the currency’s first and foremost premise, immutability, it shows the need to adapt in a world where most of the territory is still uncharted, the world of blockchain, is crucial.

The hard-fork took place yesterday, during the 25th, and it was implemented to counter the countless Denial Of Service (DOS) attacks that have plagued the network. The attacks started on the Ethereum blockchain, during the DevCon conference in Shangai and later moved to Ethereum Classic. The fork went on without a scratch and the network currently seems stable.

“Block 2,500,000 passed without any issues, and ETC GasReprice hard fork is now effective. There was no netsplit, and ETC nethash did not change in any significant way, as can be seen on ETCstats network monitor.” Ethereum Classic subreddit

While the implementation of the hard fork seems to have been successful, it may have overshadowed the latest move by the infamous DAO hacker, Insidebitcoins reports. Since Ethereum Classic didn’t fork to return the investment back to the DAO holders, the hacker still has access to a considerable amount of Ether Classic (ETC). It appears that the hacker is taking advantage of the attacks to move the funds drained from The DAO months ago, or that he may even be the attacker himself making the community look right while he goes left.

So far the hacker was able to move out $61k worth of Ether Classic, and has even made donation to the Ethereum Classic development fund, although this makes it unlikely that the hacker is associated with the developers since the donation would draw a lot of attention, it shows how much he appreciates their actions.

There are talks of a second fork that is assumed to take place soon. This fork will delay the difficulty bomb implemented in Ethereum, that is also present in Ethereum Classic. This difficulty bomb was created to ensure that a smooth transition from Proof of Work Ethereum to Proof of Stake Ethereum takes place when the time comes. The difficulty bomb will increase difficulty exponentially and cause the PoW blockchain to grind to a halt, ensuring that miners can’t mine on both chains (PoW and PoS) once the Proof of Stake fork was implemented.

Since Proof of Work requires users to have computational power get rewards, and Proof of Stake requires users to have a certain amount of coins to get rewards, miners could easily work on both blockchains, using their mining equipment on the old PoW chain and using their mined coins on the PoS blockchain, causing a split (like ETC and ETH).

Ethereum Classic has chosen to remain Proof of Work for now, where as Ethereum will continue to work towards Proof of Stake. It is unlikely, however, that the Ethereum developers will be able to implement the Proof of Stake protocol, Casper, before the difficulty bomb “explodes”. Therefore, the Ethereum blockchain may also go through a similar delay in regards to this difficulty bomb.

Coincheck Cryptocurrency Exchange

Komodo: Safety first

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ZCash, the much-awaited anonymous cryptocurrency protected by Zero Knowledge proofs, is eight days away from launch. The development of Zcash’s ZK-SNARK technology has opened the doors for other alternative cryptocurrencies to provide anonymous transactions as well.

 

That’s what Komodo is doing, but on top of zero knowledge proofs, Komodo will bring much more to the table. Tackling Bitcoin’s old scalability and efficiency issues, Komodo will not require thousands of nodes and millions of dollars in computational power and electricity to secure its blockchain. Instead it will use Bitcoin’s blockchain to do so.

 

How? Komodo’s major breakthrough will be the introduction of the delayed Proof of Work mechanism. A system that takes the best from Bitcoin, its security, and makes it available for grabs to any cryptocurrency that is willing to improve it’s security mechanisms. Komodo’s dPoW is powered by notary nodes, pre voted on special nodes that are selected according to their reputation, past performance on the testnet, and hardware quality. These nodes take the information from Komodo’s blockchain and pass it on to Bitcoin’s through special transactions. The information is then moved back to KMD again, completing the circle and making any attack attempts to replace the blockchain futile, since notary nodes have access to both chains and can verify that the information on Komodo has not changed by checking it from the Bitcoin blockchain.

komodo-chart

 

Any cryptocurrency can use this system to secure its own blockchain, being able to deal with Komodo as an intermediary between them and Bitcoin, reducing the tx fee costs for the third coin.

 

Komodo will start of as a Proof of Work cryptocurrency secured by its novel dPoW mechanism. Mining is pretty much the same as with zcash, meaning that the same algorithm (Equihash) will be used. PoW mining allows the network to safely transition from a dPoW secured currency to a decentralized PoW one, in the case of a malfunction with the notary nodes.

 

Mining Wars are also mitigated in this system:

 

“We have also thought a way to avoid the mining wars by making them uneconomic, thus we are able to keep the tx fees as low as in PoS blockchain. This is achieved by giving a chance for each notary node to mine at the current difficulty, and that will rotate in a round-robin so each notary node gets 1/64th of the current difficulty blocks. The rest of the notary nodes get to mine at 10x the current difficulty. Everyone else gets to mine at 100x the current difficulty.” Komodo Steemit

 

Komodo will not only become the new standard for altcoin safety, it will also make Bitcoin safer as a bigger group of developers will depend on the success of Bitcoin and it well-being for the purpose of their own projects.

Coincheck Cryptocurrency Exchange