Bharat Bhise Explains Litecoin

Bharat Bhise noticed that many people are getting more and more interested in a recent development in a cryptocurrency called Litecoin. Considered as Bitcoin’s little brother, one great way to interpret it is that if Bitcoin were a golden coin, Litecoin would be its silver.

But what are the differences between them? Is one better than the other, and which one should you invest in?

What is Litecoin?

Contrary to popular opinion, Litecoin isn’t new, even though it had just recently gained attention. Litecoin is one of the oldest of the coins on the market. Like Bitcoin, Bharat Bhise says that this coin is a form of digital payment. Founded eight years ago by former Google engineer Charlie Lee, his goal was to create a more “everyday” type of cryptocurrency compared to the heavyweight that was Bitcoin.

How It’s Made

Litecoin, like all other cryptocurrencies, is not government-issued. Like its big brother Bitcoin, you get Litecoins by mining. The mining is done by processing a list of Litecoin transactions, and there is a fixed supply of them. The whole world only has 84 million Litecoins forever. Also, unlike Bitcoin, which generates a block or an entry of transactions all over the world every ten minutes, Bharat Bhise says that the lighter Litecoin makes one every 2.5 minutes.

Mining Process

Both Bitcoin and Litecoin use “proof-of-work” consensus. Miners have to use powerful CPUs to solve cryptographic puzzles. These puzzles need to be extremely difficult; otherwise, the miners will end up draining the entire Bitcoin supply as they mine blocks. But the difference with the two is that Litecoin uses a Scrypt algorithm. While Bitcoin can solve two challenging puzzles (A and B) at the same time, Litecoin’s process only allows those two puzzles to be done serially. Memory is what limits Litecoin.

Being simpler than Bitcoin, Litecoin is seen as something ordinary people can get into with their day-to-day memory cards. But for Bharat Bhise and other experts, it remains to be seen whether this lighter load will make Litecoin any more viable a currency than Bitcoin has been.

Bharat Bhise on Why Cryptocurrencies Help Maintain User Privacy

In July this year, Capital One, one of the largest banks in the U.S.A., reported a data breach that exposed data from over 106 million credit card applications and bank accounts. Bharat Bhise says that at a time when maintaining the privacy of their customers is becoming an increasingly tall challenge for financial companies, cryptocurrencies could be a viable option for individuals who don’t want third parties gaining unwanted access to their personal data.

If you’ve ever tried to open an account with a bank—or performed any financial transaction, for that matter—you may have noticed how much private information you are required to provide. Besides crucial details like your birth date and address, you may also be required to disclose information about your job or your other sources of income. The bank keeps these details in their records, but depending on how tight their security is, your private information could be stolen by hackers and sold in the black market or used for crime.

Bharat Bhise says cryptocurrency transactions proceed anonymously and require very little information from users. Not only does this speed up the entire process, it also keeps your information safe from crooks. After all, thieves cannot take what is out of their reach.

Needless to say, not all cryptocurrencies provide the same level of privacy to their users. Some put more focus on this feature than others. Verge, CloakCoin, and Monero are good examples of privacy-focused cryptocurrencies.

There are plenty of cryptocurrencies to choose from in the market today. If you want to know which ones are best-suited for protecting your identity and data, you can go to experts and ask for their guidance. You can also ask them to help you come up with effective measures to boost the security of your cryptocurrency transactions.

Bharat Bhise on Why Cryptocurrencies Help Maintain User Privacy

In July this year, Capital One, one of the largest banks in the U.S.A., reported a data breach that exposed data from over 106 million credit card applications and bank accounts. Bharat Bhise says that at a time when maintaining the privacy of their customers is becoming an increasingly tall challenge for financial companies, cryptocurrencies could be a viable option for individuals who don’t want third parties gaining unwanted access to their personal data.

If you’ve ever tried to open an account with a bank—or performed any financial transaction, for that matter—you may have noticed how much private information you are required to provide. Besides crucial details like your birth date and address, you may also be required to disclose information about your job or your other sources of income. The bank keeps these details in their records, but depending on how tight their security is, your private information could be stolen by hackers and sold in the black market or used for crime.

Bharat Bhise says cryptocurrency transactions proceed anonymously and require very little information from users. Not only does this speed up the entire process, it also keeps your information safe from crooks. After all, thieves cannot take what is out of their reach.

Needless to say, not all cryptocurrencies provide the same level of privacy to their users. Some put more focus on this feature than others. Verge, CloakCoin, and Monero are good examples of privacy-focused cryptocurrencies.

There are plenty of cryptocurrencies to choose from in the market today. If you want to know which ones are best-suited for protecting your identity and data, you can go to experts and ask for their guidance. You can also ask them to help you come up with effective measures to boost the security of your cryptocurrency transactions.

Bharat Bhise Dispenses Advice on Acting Upon Okta and Cloud Stocks

September may have been rough for cloud stocks, but Bharat Bhise can see that Okta is doing quite well for itself.

The company has been busy during October. Famous for its niche in the cybersecurity world, it has made several releases and advances. These movements have gotten the industry very interested in what the company has to offer.

Okta’s Updates 

Okta’s most significant moves include some large-scale developments in cloud computing. Partnering with Atlassian, they aim to integrate Okta’s security into Atlassian’s cloud products. This leap forward will boost the cybersecurity levels of the encrypted information in the cloud, for the benefit of large global companies.

Another development made in October is what they called the “OktaDynamic Scale.” For Bharat Bhise, this may be a gamechanger: it’s a high capacity customer identity solution. The biggest commercial enterprises and high-traffic apps and sites will be able to manage user traffic better. No matter how heavy the load gets, the apps will be able to handle it.

The Cloud Rises

But the most significant update of the month is that Okta’s stock is on the “buy” rating by Citi, prompting a wave of stock rise. It’s a 29% rise from its last closing. This sudden peak is apparently due to the Citigroup placing extensive coverage over the field of cybersecurity for the cloud. Analysts have now confirmed that Okta has a chance to grab market share. Should Okta continue to proceed with its high-intensity product roadmap for the year, the company can see further rises upward.

While the stock market remains tenuous, Bharat Bhise feels that Okta may have struck gold in the cloud computing and cloud security fields. With the right decisions and the proper management moves, this could mean a considerable upswing for the company and its foothold on the market.

Bharat Bhise Explains Bitcoin Volatility

Crypto observer Bharat Bhise agrees that one popular opinion about cryptocurrencies is its volatility.

This is true for most digital coins, especially one of the most popular ones, Bitcoin. However, most beginners and even detractors tend to think that being “volatile” is a negative thing. However, experts say that it is a part of Bitcoin’s popularity since, with the risk, comes higher chances for rewards through upward trends.

Why are Bitcoin and other cryptos considered to be volatile, and why should first-time traders need to be familiar with the intricacies of this cryptocurrency detail?

In terms of the digital coin industry, volatility is the aggressive movement of prices for currencies. For example, Bitcoin is considered to be highly volatile because, at its peak, exchange rates ranged from $700 to upwards of $20,000. According to Bharat Bhise, experts say that these peak ranges are what attracted investors and traders.

Why do Bitcoin and other cryptos enjoy high-risk, high-return reputations? Some are saying that since the digital currency market is still fairly new, there are still some who remain wary and continue to speculate, which in turn fuels the up-and-down trends currently seen in Bitcoin. Meanwhile, adding to the fact that blockchain technologies used in cryptos do not have legal tender, liquidity is also an issue. Bitcoin and other digital coins also remain unregulated, despite efforts by industries to put control over them. This means that unlike traditional investments and trading, Bitcoin and other digital wallets can be manipulated to an extent. Other factors also add to the already volatile market, so much that Bitcoin has enjoyed as much as 27,000% rate of return.

Get the latest on Bitcoin and other cryptos, from how-tos to the freshest news and updates in the field. Subscribe to the page and follow Bharat Bhise today!

Bharat Bhise: How to make money with stock buybacks

Bharat Bhise believes that for you to become a better investor, you shouldn’t underestimate stock buybacks. Understanding what they are and how they work can make you more money. A stock buyback is the re-acqusition by a company of its own stock, representing a more flexible way of returning money to shareholders. When a company buys it shares back, the value of the shares often goes higher, which means that the investors are making more money.

For example, if there are 100 shares in a company X and X is worth $200, each share is worth $2. If the company buys back 10 shares, you’re technically down to 90 shares outstanding. However, the company still birth $200. Note that the equity value is unrelated to the share count and is based on future profits. So with 90shares representing $200 in value, the share price moves up to $2.22 from $2.

You might wonder why companies would buy its own stocks, but it actually makes sense. A company has a certain amount of cash to spend for the coming period for operating expenses and long-term investments. When they have excess cash, it does not make sense to simply leave it there. The company will want to put that money to work while getting the cash back to shareholders. If the company buys its own stock back from the market, that same cash is being funneled toward an asset that can appreciate. Repurchasing outstanding shares can help a business reduce its cost of capital, benefit from temporary undervaluation of the stock, consolidate ownership, inflate important financial metrics or free up profits to pay executive bonuses. Shareholders will see the shares they still hold move up in value. In this scenario, everybody wins.

The next time a company initiates a buyback program, Bharat Bhise recommends that you consider buying the stock.

Bharat Bhise Keen on New Facebook Crypto

Cryptocurrency experts like Bharat Bhise are closely observing Libra, Facebook’s upcoming digital currency. The social media giant promises that Libra will trail a new blaze in the industry, rather than just becoming another form of cybermoney.

In its announcement, Facebook said that the new digital currency has a lofty goal of becoming a standard for online finances. Using blockchain, Libra joins other popular forms like Bitcoin and Etherium as part of the cryptocurrency field. However, instead of being a standalone currency, Facebook is launching its own digital wallet that exclusively uses Libra. Called Calibra, the wallet will be made available as a standalone app, as well as a connected app to other third parties like Messenger and WhatsApp.

Bharat Bhise is closely observing the new directions that Libra and Calibra want. If what Facebook says happens, the two new services will definitely open a new niche in the industry. Supposedly, the social media giant hopes to address the issue of financial inclusion with the launch of the new digital platforms.

Facebook also hopes that instead of dubbing Libra as just another form of cryptocurrency, users will liken the new platforms to other online payment systems like Paypal. According to tech website TechCrunch, Facebook VP for blockchain David Marcus has been quoted as saying, “If more commerce happens, then more small businesses will sell more on and off the platform, and they’ll want to buy more ads on the platform so it will be good for our ads business.”

This means that Facebook is likely targeting Libra and Calibra as long-term systems for both online and offline payments.

However, much of these is still in its starting stages, as both developments will not launch until next year, according to Facebook. Follow Bharat Bhise to get updated on these new developments as well as other updates in the field, today!