Rush to Bitcoin Cash Causes Exodus Wallet to Suspend BTC Trading Pairs

Wallet software platform Exodus suspended exchange features for bitcoin trading pairs over the weekend, after a rush to bitcoin cash caused major congestion. In a public letter to its customers, the company explains why the decision was made and the changes going forward.

Exodus Suspends Feature for BTC Trading Pairs

Torsten Sandor, Chief Communications Officer (CCO) for Exodus explained, “We believe in 100% openness and transparency. We are posting this statement on Medium, so you can add your thoughts. We are here, we are listening, and we want to make this right.”

In three days time, bitcoin cash went on a tear. Its price skyrocketed, causing many to either sell their existing coins or purchase them anew. In either case, it meant a major headache for Exodus.

“The parabolic rise of Bitcoin Cash had a serious impact on the Bitcoin network,” the company claimed. “Seeing the price surge, many of the miners abandoned the Bitcoin network and started mining Bitcoin Cash. BTC transactions were grinding to a halt. Bitcoin transactions normally take 5–20 minutes to go through, but this weekend we’ve seen transaction times up to 12 hours.”

Many analysts concluded the inverse relationship between bitcoin’s price fall over that period and bitcoin cash’s rise were both due to the pending Bitcoin hard fork being called off.

“Normally about 20% of miners work on Bitcoin Cash and 80% on Bitcoin,” the letter continued, “but this weekend BCH had more than two-thirds of the mining power. At the time of writing this update, there are still 135,000 unconfirmed transactions on the Bitcoin blockchain, about five to ten times the usual. This is the second worst Bitcoin network congestion of 2017,” the letter stressed.

The letter explains, “As the Bitcoin network slowed down dramatically, we started seeing these exchanges fail, and at the height of the congestion, one-third of all exchanges were unsuccessful.”

Suspension of their app’s exchange trading pairs, according to the company, happened at 6:40 UTC on 12 November 2017 due to “exchanges failing at an unacceptable rate.”

The Decision and its Consequences

Exorbitant transaction fees weren’t helping the company’s margins either.

Exodus “received over 1500 support tickets over the weekend, about 2 weeks’ worth.” They were able to recover somewhere around 60 percent of requests with “341 tickets unanswered, and 198 tickets where the solution has not been reached yet,” as of this writing.

At this point, customers wanted to be sure their money wasn’t caught in some kind of blockchain hell, unable to be recovered. Exodus assures that their decision to suspend averted such a disaster.

The company pledges to contact each customer impacted within two days. Also, “In the next 24 hours, we will deliberately use transaction boosting services to accelerate your transactions. We cover all related costs,” they wrote.

Going forward, the company plans to hire more engineers, add surge pricing warnings, and offer more exchange options.

“We know many of you feel Exodus has failed you at this crucial moment. We truly apologize.”

What do you think of Exodus’ predicament? Tell us in the comments below!

Images courtesy of: Pixabay, Exodus.

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The Problem With Blockchain Assets

Blockchain assets (also called digital currency or cryptocurrency) are a young, fragmented new frontier. New people buy bitcoin and miss out on exciting, new opportunities. Diversifying means learning about keys, seeds, wallets, blockchains, mining fees, cold storage, and more.

Not only do you give up control of your identity, privacy and money; everything quickly turns overwhelming with too much to learn.

Exodus was created to shift power back to you to control your assets - with no banks, no brokers or institutional oversight.

Exodus gives blockchain asset investors a platform to secure, exchange and manage wealth inside one beautiful application.

Exodus currently supports Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Decred, Digibyte, Ethereum, Ethereum Classic, Litecoin, Vertcoin, Zcash plus more Ethereum powered asset tokens including 0x, Aragon, Augur, Basic Attention Token (BAT), Bancor, Civic, District0x, EOS, Edgeless, FirstBlood, FunFair, Gnosis, Golem, iExec RLC, Matchpool, Metal, Numeraire, OmiseGo, SALT, SingularDTV, Storj, Status, WeTrust and Wings.

Exodus is available for Windows, Mac and Linux.

Exodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own, and for all your decisions as to whether to exchange blockchain assets with Exodus. In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. Similarly, blockchain assets you exchange on the basis of your research may increase in value after your exchange.

Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks.

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Bitcoin Cash Address Format

Starting with Exodus version 1.47.0 you can send and receive Bitcoin Cash (BCH) using your preference of two different Bitcoin Cash address formats.

What is the new Bitcoin Cash (BCH) "CashAddr" Format?

The "CashAddr" format was developed by the Bitcoin Cash team to encode addresses in a format to reduce user error when sending and receiving Bitcoin Cash. This new format helps distinguish between Bitcoin Cash (BCH) and Bitcoin (BTC) addresses.

Because Bitcoin and Bitcoin Cash are so similar many people send wrong coins to a wrong address. If you ever send Bitcoin (BTC) to a Bitcoin Cash (BCH) address or Bitcoin Cash (BCH) to a Bitcoin (BTC) address, Exodus has a way to help out - please review this article for a step-by-step guide on how to recover your assets: https://support.exodus.io/article/189-ive-sent-bitcoin-cash-to-my-bitcoin-address

How do I send to the new "CashAddr" Bitcoin Cash (BCH) address?

You can send funds to a "CashAddr" address as you would send to an old address. Simply copy and paste the "CashAddr" address of the wallet you want to send funds to into the address field in your "Send" window, enter the amount you would like to send, and then click the "SEND" button.

Where can I view my old and new Bitcoin Cash addresses?

The new format "CashAddr" address is visible by default when you click on the "Receive" button in your Exodus Bitcoin Cash (BCH) wallet.You can always tell you are using a new Bitcoin Cash "CashAddr" address format because it starts with the letter "q".

To view your old address, click on the arrow to the right of the QR code. PRO TIP: Your old Bitcoin Cash address format address (The address that starts with the number 1) is simply a conversion of the new 'CashAddr' address. Funds sent to both addresses work to receive Bitcoin Cash.

Questions? Feedback? Please reach out to us, we will be happy to assist - How do I contact Exodus?

How to Claim Your Bitcoin Cash and Sell it for Bitcoin (TREZOR, Ledger, Electrum)

Last updated on January 2nd, 2018 at 12:00 am

Warning: this guide reveals the exact method the author used to claim free Bitcoin CasH and exchange it for Bitcoin on the 2nd of August. While every reasonable effort has been made to ensure complete and accurate information, the author can’t guarantee a successful outcome for those following this method.

Waiting for better documented methods and more familiar exchanges to offer BCH deposits is the safer play in this situation. However, as more people figure out how to sell their coins, profitability may well decrease.

Bitcoin Cash – The Beginning

Bitcoin Cash (aka Bcash, BCH or BCC) forked off from Bitcoin on the 1st of August and its launch has proven rather rocky. Three days later, only 2 exchanges are supporting Bcash deposits – and its price has crashed on both.

It still takes relatively a lot of time to get Bcash transactions into the blockchain and that’s due to the high difficulty of mining. Bcash forked with the same mining difficulty as Bitcoin but only a small fraction (around 5%) of its hashrate. Bcash’s first (or genesis block) took around 7 hours to be found.

The difficulty adjustment process was meant to compensate for this, reducing difficulty to a level more appropriate for Bcash’s low hashrate within a few blocks. However, miners from “ Genesis Block, ” an aptly named, high-tech hostel in Hong Kong, apparently began mining Bcash for fun and marketing purposes.

The hostel’s additional, unexpected hashpower greatly delayed Bcash’s difficulty adjustment process. As a result, Bcash blocks remain slow, although difficulty has since adjusted to about ¼ of Bitcoin’s. You can use this Bitcoin Cash block explorer to see the status of the current blocks (take a look at the bottom).

Free Bitcoin Cash for Bitcoiners

If you held any bitcoin in a personal wallet (or on certain exchange wallets listed here) then congrats, you own an equal amount of Bcash too!

If you wish to sell your Bcash, there are 2 things you need to do, in the following order:

1) Split you Bitcoin into Bitcoin Cash

If your BTC was held on one of the exchanges listed, the exchange will have taken care of this process for you. When you log in, you should see a BCH (or possibly, “BCC”) balance in a new exchange wallet, in addition to your regular BTC wallet. The amounts in both wallets should match, assuming you haven’t made any recent trades or transactions.

If your bitcoins were held in a personal wallet, you’ll have to split them yourself. We cover splitting for Ledger, TREZOR and for the Electrum software wallet. Note that the general procedure used for Electrum is applicable to other software wallets, although the precise steps will vary.

2) Sell your Bitcoin Cash on an exchange

For those whose bitcoins were held on an exchange which split BCH from BTC and offers a market in BCH trading, you’re already done – sell your BCH whenever you feel like it.

Everyone else will have to decide between the three exchanges currently accepting BCH deposits; HitBTC, ViaBTC and Bittrex. I used HitBTC for two good reasons:

HitBTC requires only 2 confirmations before deposited BCH are credited to your account and made available for trading purposes. As Bcash blocks are still very slow (up to 8 hours delay), this could be a real time saver. By contrast, it appears other exchanges requires 20 confirmations before approving any withdrawals.
HitBTC offers a quick and easy registration, which requires only an email address to complete.

Keep in mind that because HitBTC is one of the only exchanges allowing to actually deposit BCH many people are selling it on the platform which causes the exchange rate to be lower than on other platforms.

Before going any further make sure you have a backup of your wallet at hand. Using any of these methods without a back could result in total loss of your coins. DO NOT CONTINUE WITHOUT A BACKUP!

Splitting your Bitcoins in a Ledger Nano S

Splitting with ledger is a fairly simple process but not an intuitive one, make sure to follow these exact steps:

Step 1 – Back up your Ledger wallet

Throughout the process you will need to update your firmware, this will wipe all of the data from your device. Make sure to have a back up before moving forward or you will lose all of your coins.

Step 2 – Update your Ledger Firmware

Download the Ledger Manager for chrome, go to “Firmwares” on the left hand side and click on “Install”. You will then be prompted to confirm this action on your device. Once the update is complete you will need to import your wallet from your seed phrase. The complete steps to this process can be found here.

Once you have a firmware version that is 1.3.1 and above, you can move on to step 3.

Step 3 – Download the Bitcoin Cash App

Inside the Ledger Manager, go to “application” and download the Bitcoin Cash app (2nd from the top).

Step 4 – Create a separate Bitcoin Cash wallet on your Ledger

If you had Bitcoins before the fork, Ledger now splits those Bitcoins into BTC and BCH but keeps them on the same wallet. It’s recommended to use a separate (aka split) wallet to manage your BCH. This step isn’t mandatory but is advised. If you wish to skip this step move straight to step 6.

Connect your ledger and select “Bitcoin Cash” from the available options on the device. The following screen will open:

Select “Bitcoin Cash”. The following screen will ask if you want to access the main wallet (BTC and BCH combined) or the split wallet (Only BCH). Select “split”.

Go to “receive” and generate a BCH address. You will later send your Main wallet’s BCH to this address. Once you have your BCH address move to step 5.

Step 5 – Send your BCH from your main wallet to your split wallet

Go to “settings” – “Blockchains” and this time choose “Bitcoin Cash” and “Main”.

This wallet holds your newly formed BCH along with your BTC. It’s now time to send them to your split wallet.

Go to “send” and send your BCH to your split wallet address which you’ve retrieved on step 4.

Step 6 – Send your BCH to an exchange

You can now go to “Settings” – “Blockchains” and log back into your split wallet. You will need to wait for a new BCH block to be mined until you can see that your transaction is confirmed. Once it’s confirmed you can send your BCH into an exchange or hold on to them.

For the official ledger guide click here.

Splitting your Bitcoins in TREZOR

Due to only having a week to prepare for the launch of the final version of Bcash code, Trezor’s wallet does not currently support BCH (although they’re working on a fix). It is however possible to use an online tool by TREZOR in order to split your BCH and simultaneously send it to a BCH address.

Thoroughly review Trezor’s guide to this process and check their Twitter and subreddit for any updates. Sometimes the tool is offline and recently some bugs were found in it.

Step 1 – Visit the beta version of Trezor wallet. You should use Google Chrome to access the wallet; the author was unable to complete the process using Firefox or a clean install thereof.

Make sure that you’re on the beta site: https://beta-wallet.trezor.io

The reason for visiting the beta Trezor wallet is that it enables you to update your Trezor’s firmware to the latest, beta version (1.5.1). Particularly if you haven’t performed this process before, you should study Trezor’s guide to firmware updates.

Step 2 – Be certain you have a backup of your seed phrase and update your firmware. This is done as follows:

disconnect the device
plug it in while holding both device buttons pressed

Step 3 – Go to the Coin Splitting Tool. Click on “Connect with TREZOR”. Reconnect your device and enter the PIN as usual.

Step 4 – Select the account you want to split BCH from and enter an address to send the BCH to. It is possible to enter the exchange funding address directly in this stage (see below how to get a deposit address for HitBTC).

Splitting your Bitcoins in Electrum

If you have an Electrum Bitcoin wallet, we suggest you follow this excellent guide put together by the Electrum developers. In case that any of this doesn’t make complete sense to you, please don’t use this method it’s pretty risky.

Here’s a TL;DR version of it:

Step 1 – Write down all of your Bitcoin addresses that had Bitcoins in them during the fork.

Step 2 – Go to Wallet – Private Keys – Export and write down only the keys that are related to the addresses you’ve found in step 1.

Step 3 – Move all of your Bitcoins to a new Electrum wallet (create a new wallet through file – new/restore). You’re doing this so that if any of the private keys you exported are compromised in some way, your Bitcoins will be in a new address with a different private key.

Step 4 – ON A DIFFERENT COMPUTER install the Electron Cash wallet. Here’s the reason why it needs to be on a different machine:

Step 5 – Import your private keys into Electron Cash. Once done you can use your new coins via that wallet.

Splitting your coins in Exodus

The following process was supplied by one of our users and not tested by us. Use it with caution. In any case of uncertainly please contact Exodus support (they are VERY helpful and fast to respond):

Step 1 – download the latest version of the Exodus desktop wallet from the Exodus website.
Step 2 – Create your account on Hitbtc as already stated in the article and get your BCC address.
Step 3– Install the Exodus wallet and click on “Help” menu on the left panel. Scroll down to the menu items on the right and click on the menu called “How do I claim my bitcoin cash (BCH)”.
Step 4 – Keep your BCC address (that you got from Hitbtc) handy and follow the instructions. It will calculate the amount of BTC that was in the Exodus wallet before 1st August 2017 and ask you the BCC address where you want to transfer the BCC.
Step 5 – Enter the BCC address and transfer. It might take 2-4hrs for the transfer to take place.

To convert the BCC to BTC and transfer it back to your Exodus wallet and continue following this article.

Splitting in Blockchain.info and Other Software Wallets

Update: around October 2017 Blockchain.info will add Bitcoin Cash support and you will automatically be able to see your Bitcoin Cash balance. More info can be found here.

On old Blockchain.info wallets Login and then go to Settings > Addresses on the left.

Then find your address that has your BTC balance (which held BTC at the time of the 8/1 fork) and click on More Options, then Private Keys. After that just follow the same sequence as in the Electrum guide.

In the new version of Blockchain.info you should go to security – wallet recovery phrase and write down your 12 word seed. After that just follow the same sequence as in the Electrum guide.

Here’s a great video about Getting you BCH from software wallets:

The order of sequence laid out in the Electrum guide will be safe for any software wallet, as far as we know. The major point to keep in mind is that you must generate a new wallet (not just a new address), send your bitcoins to the new wallet, and only then is it safe to export the private key of your old wallet into your Bcash wallet. If you’re unsure how to accomplish any of these steps, it’s best to wait for a detailed guide for your specific wallet.

Selling your coins on HitBTC

HitBTC is a European exchange (apparently headquartered in Hong Kong) which has been operational since 2013. They don’t seem to have experienced any major hacks or other negative events in that time, which is good going by crypto exchange standards.

Here are the steps for exchange BCH on HitBTC

Step 1 – sign up for an account

Step 2 – Sign in and navigate to your Bcash wallet by selecting the “Account”.

scroll down to “BCC” in the list of coins and click the “Fund” button (circle with +). Your BCC deposit address will now be generated and displayed. Note that BCC addresses look just like Bitcoin address, so be very careful that you don’t confuse the two!

Step 3 – Send the BCC from your wallet into your HitBTC BCC account.

Step 4 – Wait for at least 2 blocks to be mined on the Bcash network.

Step 5 – Move your coins into your trading account. Click the rightwards facing arrow icon, then on the expanded bar, input or verify the amount to transfer. Finally, click transfer.

Step 6 – Select the “Exchange” tab at the top left and select the currency you wish to sell your BCH for. Make the exchange. The simplest way to sell is via a market order. This will sell as many BCH as you specify at the best available price(s).

There are other types of orders which may allow you to get a better price for your BCH. Check out Limit orders too, which allow you to place a sell order for your chosen amount of BCH into the order book at a specific price. This allows you to wait for the market to meet your price, although be aware that if your price is too high the coins may never sell. In this case, you will have to cancel your active order and place a new one at a lower price level.

Step 8 – Withdraw your bitcoins, or other currency. Return to the “Account” tab, then transfer your BTC (or whichever currency you sold for) from your trading to your deposit / withdrawal account.

The withdraw dialog will then require your Bitcoin address. Ensure that you paste a Bitcoin address from a Bitcoin wallet under your control, not the Bcash address you used to deposit funds initially!

Congratulations, you’ve just increased your bitcoin holdings with almost no work! HitBTC sends out withdrawals almost immediately so you should soon be able to see your unconfirmed transaction in any block explorer.

Should I Sell or Hold?

Of course, you’re not forced to sell your BCH. You may wish to hold it, perhaps because you believe in the coin’s long term prospects or think patience will be rewarded with a better price.

Bcash is currently trading above $300 on most exchanges, which in this author’s opinion is high for an altcoin with no established economy, unknown developers, vulnerably low hashrate and no real technical innovations.

Rhetoric aside, Bcash offers no tangible advantages over Bitcoin. The codebase has been gutted of major Bitcoin protocol upgrades, such as SegWit and Replace By Fee.

Bcash addresses scaling by the relatively crude means of multiplying its maximum block size from 1 to 8 megabytes. This has the consequence of increasing operational demands across all nodes; likely increasing miner centralisation.

A Tip for Selling – Blocks and Drops

Each new block transmits coins onto exchanges, releasing pent-up selling pressure. Given the limited liquidity of these exchanges, the result is a steep drop as many coins are sold simultaneously. This pattern may be clearly seen in the following chart:

BCH/BTC 1 minute chart with recent blocks demarcated.
Notice that price drops coincide with volume spikes.

Waiting for a block can be a tedious process. Currently, the best way to monitor Bcash blocks in real-time is via this block explorer. Bcash blocks currently take around 2 hours to find (but may take much longer).

Exodus not supporting Bitcoin Cash but users will be able to claim BCC

Exodus, the popular bitcoin and cryptocurrency desktop wallet with built-in exchange today stated that the company will not support Bitcoin Cash (BCC) on the platform. Nevertheless, users of Exodus will still be able to claim their BCC by importing their private keys into the official BCC client after Aug 1st.

Exodus was designed to make it easy to hold blockchain assets. Exodus has a sophisticated backup and restore system that manages user private keys behind-the-scenes. Although Exodus does not recommend manual management of private keys many advanced users need to view and test private key interactions.

Each asset inside Exodus has a set of private keys. To view private keys:

Open the Developer Menu. If using macOS, the Developer menu is under Exodus (to the right of the Apple in the menu bar). If using Windows or Linux, it can be accessed by pressingCtrl+Shift+D
Decide what asset (in this case, bitcoin) to view the private keys to
Choose Developer >Assets >Bitcoin >Export Private Keys
The private keys will be exported to a folder on the Desktop titled “exodus-exports”

Speaking with an Exodus developer regarding transacting in BTC during the event, he stated:

“It really depends on how the fork goes, to be honest. From how everything looks at this point, it should be fine, but you might want to avoid transactions until the ‘dust settles’.”

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

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Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

My New Best Bitcoin and altcoin Wallet – Exodus Wallet Review

Last updated on January 2nd, 2018 at 12:00 am

It’s been a while since I reviewed Bitcoin wallets. The reason for this is that most Bitcoin wallets are basically the same so rarely do you stumble upon a wallet that is innovative.

A few days ago I got an email from one of my subscribers telling me he didn’t take my advice for the best Bitcoin wallet and used the Exodus wallet instead. He then went on to glorify the wallet’s interface and ease of use. I wasn’t aware of such a wallet so I looked it up online and apparently Exodus is indeed a new Bitcoin wallet.

Before going any further watch this video and see for yourself why it’s so unique.

Exodus wallet review

Exodus seemed to have been launched a month ago (July 2016) and still hasn’t gained enough reputation in the Bitcoin community. Actually Exodus is not just a Bitcoin wallet, it’s a “Blockchain assets wallet”. This means you can store Bitcoins, Litecoins, Dash, Ether and Dogecoins on Exodus all together.

But this is not all that makes Exodus so unique, here are the main things that I found so appealing:

Beautiful and intuitive design

Probably the strongest suite Exodus has is its user interface. Even if I didn’t know nothing at all about Bitcoin or cryptocurrencies I would still be able to use this wallet. It reminds me of Circle in the simplicity. Exodus is the kind of product you “fall in love with” the first time you use it, and that’s quite rare in the cryptocurrency world.

Here’s how an overview of your blockchain assets looks like:

Information is stored on your computer

Since Exodus is a desktop wallet navigation is fast and the private keys to your cryptocurrencies are stored on your machine. Exodus is a litewallet so you don’t need to download the whole Blockchain to your computer like you do with Bitcoin Core. Exodus is currently compatible with Mac, Windows and Linux. If you need to back up your wallet there’s a VERY simple step by step wizard built in inside the wallet that will help you do so.

You will also receive a backup link via email if you want to install Exodus on a another machine (say your computer gets destroyed). It’s all very secure through the use of a password and a mnemonic phrase (in case you forget your password).

You can trade cryptocurrencies from inside the wallet

One of the best features of Exodus in my opinion is the ability to trade your altcoins for Bitcoin and vice versa. Exodus has a built in exchange (powered by Shapeshift) that allows you to trade cryptocurrencies in seconds. You can’t buy coins with fiat, but since the whole idea of Exodus is to move away from any verification processes and dealing with banks I think that fits in perfectly.

The founders seem genuinely interested in their users’ opinion

It’s OK to make a crappy product, it’s not OK to leave it that way. I think what got my attention the most is the genuine interest Exodus’ founders had in their users opinion. Of course they are only about a month into running this project but something tells me JP and Daniel (the founders) are here to stay. You can see it in the simple to understand support videos they’ve uploaded, the multiple communication channels they’ve supplied on their site and the direct messaging platform to the founders via Slack.

Is the Exodus Wallet here to stay?

To sum things up, Exodus looks like a complete hit. The only downside I can see at the moment is the fact that the company and wallet haven’t gained enough reputation yet. Combine that with the fact that the Exodus code isn’t open source and you will always arouse some suspicion from the crypto community. Also, in order to become a true killer app the developer will have to continue and expand to mobile as well in my opinion.

But I believe that as time goes by and more early adopters come on board Exodus will quickly gain its loyal user base.

If you’ve had any experience with the Exodus wallet I’d love to hear about it in the comment section below.

Exodus adds support for Ethereum Classic (ETC) and Bitcoin Cash (BCH)

Exodus, the blockchain asset wallet application has announced support now for Bitcoin Cash (BCH) and Ethereum Classic (ETC) to its family of assets. When Bitcoin Cash first was forked, the company along with many others said they would not support it.

However, some, included Exodus have since caved in due to user demand to support BCH, as users needed somewhere to put the coins if they decided to keep them.

See the full update notes for Exodus 1.31.1 below:

Just days after its harrowing user exodus, Coinbase has decided to add support for bitcoin cash by 2018

Coinbase CEO Brian Armstrong YouTube / Screenshot The cryptocurrency online exchange Coinbase has decided to support the new bitcoin cash, days after a user exodus temporarily brought its website to a halt.

In a blogpost on Thursday, Coinbase Director of Communications David Farmer said the exchange intends to support the new Bitcoin Cash currency by January 1, 2018 — "assuming no additional risks emerge during that time."

The news, which Business Insider first reported was in the works, represents a dramatic turnaround from Coinbase's initial rejection of bitcoin cash. The company's rejection of bitcoin cash caused many users to stop using Coinbase, raising fears that it could suffer a customer exodus.

Coinbase told users last week that they would have to remove their bitcoin from the Coinbase system if they wanted to participate in Tuesday's "hard fork" — the official creation of bitcoin cash, a currency that was cloned from bitcoin but which operates separately and follows different technological protocols from the original.

Coinbase initially decided against supporting bitcoin cash because of a longtime strategy to exclusively support established and vetted cryptocurrencies. However, bitcoin cash was still automatically created out of the bitcoin stored on Coinbase — the same way it was in every other digital wallet.

Customers who had bitcoin balances at the time of the fork on Tuesday now have an equal amount of bitcoin cash, the company said. It will remain stored on Coinbase until support is established, at which point customers can withdrawal their bitcoin cash.

Until this announcement, many users feared their bitcoin cash would disappear, or be used by Coinbase for its own gain — a rumor which the company went out of its way to deny on Twitter.

Coinbase hasn't announced if or when it will allow users to trade bitcoin cash on its system, but it said in the post that it will decide at a later date. It currently only allows users to trade 3 cryptocurrencies: bitcoin, ethereum, and litecoin.

"We operate by the general principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events," Farmer wrote.

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суббота, 23 июня 2018 г.

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