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In the capital of Spain, the largest Crypto Hub in southern Europe is located . In particular, the Loom de la Calle D building on Ramon de la Cruz, 38 (Madrid, España) embraces this new financial paradigm. A coworking that, without a doubt, constitutes a reference fintech ecosystem in Central Europe.

What is Crypto Plaza? A cryptocurrency community and much more

Crypto Plaza is the largest existing community in Spain of Crypto, Decentralized Finance (DeFi) and Blockchain. A community born with the aim of positioning itself as a reference collaborative work area in the cryptocurrency sector.

It is also a space where numerous innovative events take place.

Bitnovo in Crypto Plaza: pushing the cryptocurrency sector

Bitnovo is a company that seeks to bring the world of cryptocurrencies closer to the masses . We are dedicated to the exchange of cryptocurrencies, from euros and legal currencies to cryptocurrencies and vice versa. For this reason, we could not miss in Crypto Plaza.

From the beginning we trusted the Crypto Plaza project because we want the cryptocurrency sector to continue to advance and establish itself in society; at all levels. Therefore, our presence in Crypto Plaza is due to a question of common values: to bet on the creation of an ecosystem and a community at the level of cryptoeconomics and collaborative, revolutionary and innovative cryptoactive.

Furthermore, Bitnovo trusts this space as an ideal forum for exchanging opinions and experiences with other companies in the sector.

As an example of our involvement in the Crypto Plaza project, you can find one of our cryptocurrency ATMs in this space . In this way, everyone in the community can benefit from this cryptocurrency purchase service quickly and easily.

The ATM Bitcoin of Bitnovo are another of our bets to approach and facilitate access to the world of criptovalute at all levels of society . Therefore, any establishment can obtain one for its own activities. There are many benefits of owning a bitcoin and cryptocurrency ATM .

Crypto Plaza: How to get there

Below you have the location of Crypto Plaza in case you want to get closer to this community. In addition, you can also actively participate in the community, regardless of your geographical location, thanks to its digital membership program.

It is a concept usually associated with bitcoin, although it can take place in other cryptocurrencies . What is Halving? When will the next halving take place? Users fill the Internet with these questions to try to understand how it works and when are the key dates of this automated process that takes place in the blockchain of a cryptocurrency.

In short, PoW is a protocol that involves all parts of a network that perform complicated work and the subsequent verification of that work, in exchange for rewards. Therefore, miners compete to solve costly mathematical network problems and when devising a solution - before adding the block to the network - the validation test by the rest of the decentralized nodes must be passed. If the answer is finally correct, the block is validated and added to the chain in order to obtain a small reward (to be distributed among all those who worked on solving the block).

Now that we understand the protocol that influences the reward obtained from each validated block, it is time to understand what halving is.

What is halving and how it works

Halving is an automated process within some blockchains (especially those based on Bitcoin code) whereby the reward for mining new blocks in the chain is halved.

Therefore, halving means reducing the reward that miners earn and thus controlling the pace of creation of new cryptocurrencies. This is the function of halving.

Limiting the rate of issue of new cryptocurrency units, reducing the reward obtained to generate them, leads to the progressive growth of the value of the cryptocurrency.

This halving process takes place approximately every four years . It all depends on the time taken to mine each block. This periodic event is important as it ensures that coins are issued at a constant rate.

Bitcoin halving

As already mentioned at the beginning of this post, halving is closely linked to the Bitcoin network. This is because it was the first cryptocurrency to implement this process.

What is Bitcoin Halving? The mechanism that Satoshi Nakamoto devised to limit the emission of BTC. Without the existence of this process, surely, all existing bitcoins would have been mined.

Since the number of bitcoins has run out , to control the production of BTC and reach a deflationary model, the network has been configured in such a way as to always guarantee the existence of new cryptocurrencies in circulation. In this way, it is possible to democratize this cryptocurrency as a decentralized exchange method , avoiding that everything ends up in the hands of a few.

We are currently in the third half-life phase where each block is rewarded with 12.5 BTC. And what will happen in the next phase? When will bitcoin halving take place? It is already known that with the next halving, the amount of BTC per block will be 6.25 BTC. That is, half.

Halvings beyond bitcoin

In addition to bitcoin halving, there are other halvings that attract the attention of many users. Projects that work with the same guidelines as bitcoin and that also experience halving in their blockchain. This is the case with Litecoin, which is based on the same open source code as bitcoin.

The LTC limit is significantly higher than that of the Bitcoin network. 84 million LTC against 21 million BTC. In addition, emissions are also checked. Litecoin halving occurs approximately every four years.

In particular, litecoin halving occurs every 840,000 blocks. The last one occurred last year in 2019. Since then, the reward has gone from 25 to 12.5 LTC tokens per mined block. Hence, it is never too late to buy litecoin .

So now you already know what cryptocurrency halving is, an automatic process that halves the rewards of mining, and what is the most important. Now we invite you to carefully follow the Bitnovo blog to stay updated with all the news in the world of blockchain tokens.

The cryptocurrency platform makes Ontology tokens available to users to be purchased online and also in cash.

Users with NGOs and NGOs will also be able to sell their tokens and receive euros in their bank account.

Madrid, March 23, 2020 .- Blockchain technology is one of the most powerful tools that exists today and offers many advantages at all levels. However, many companies are still reluctant to implement it due to the lack of specific technical knowledge.

With the aim of reducing the gap between blockchain and companies (regardless of size and sector), the Ontology project emerged . It is a high-performance public blockchain a distributed collaboration platform for data exchange to improve speed, security and trust , essential for global cooperation between companies.

The Ontology network operates with a double token model, ONT and NGO , both equally important within the blockchain. On the one hand, ONT is the cryptocurrency used for participation in the decision-making process within the platform. On the other hand, NGO is a network token utility to pay commissions resulting from all transactions that occur within the blockchain.

NGO and ONT: Ontology tokens are available on Bitnovo !!

Any company that wants to be part of this revolutionary blockchain must have Ontology tokens. Aware of this, in order to contribute to the development and acceptance of blockchains in society , the bitnovo cryptocurrency platform introduces ONTs and NGOs as blockchain tokens available for their purchase and sale .

Bitnovo , the main cryptocurrency platform present in four countries in Europe, allows users to purchase more than 20 different tokens to which are now added NGOs and NGOs. With the particularity that they can be purchased physically, in cash, thanks to over 30,000 associated physical sales outlets .

In addition, users who have NGOs and NGOs in their wallets can also sell them through this platform and therefore receive the exchange in euros on their bank account.

The Ontology project was launched in 2017. Designed by globally collaborating teams, Ontology's unique infrastructure supports strong cross-chain collaboration. From now on, they join forces with Bitnovo to promote the implementation of this technology in all fields and provide greater usability to their blockchain tokens.

Today, cryptocurrencies are increasingly recognized and accepted in society. In addition, they have services that work together to bring them closer to the population and make them use daily, such as the prepaid Bitsa Card .

Many users who enter the world of cryptocurrencies for the first time do so with a little fear. It is normal to find forums full of discussions in which we try to resolve the question of how to avoid scams with cryptocurrencies, and in particular those crimes that occur with the most famous of all cryptocurrencies: bitcoin (BTC).

Despite the fact that a lot of news is published in the media about fraud and crimes related to the digital currency sector, not everything that surrounds this world should generate distrust when buying cryptocurrencies online .

A pesar de que en los medios aparecen publicadas muchas noticias sobre delitos de estafa y fraude relacionados con el sector de las monedas digitales, no todo lo que rodea a este mundo debe generar desconfianza a la hora de comprar cryptomoneda online . 

As in many areas of life - and also on the Internet - there are people who try to take advantage of the inexperience and ignorance of the rest. However, in this situation there is only one solution: to learn .

For this reason, in this article we intend to teach you how to avoid scams with your cryptocurrencies, while showing that bitnovo is reliable and safe as a cryptocurrency exchange platform . So take note!

Other Bitcoin Scams?

It seems that the biggest cryptocurrency scams have to do with bitcoin (BTC). But is Bitcoin not secure and anonymous ? In reality these are not the real reasons.

The answer lies in its popularity, since being one of the most famous cryptocurrencies it is also one of the most requested and this generates greater confidence in those users who want to delve into the crypto universe. That's why most scams focus on bitcoin (BTC), although it is not the only one. Even the rest of the cryptocurrencies on the market don't escape the target of hackers and scammers.  

Tips on how to avoid becoming a victim of a cryptocurrency scam

1.- Good protection

Although not all scams should be related to software or a website, it is inevitable that, since it is a digital sector, the first tip is to have a well protected computer.

We recommend having an updated operating system protected with a good antivirus .

2.- Collect preventive information

Buying a product in a shop or supermarket involves a sum of factors that influence our final decision: the reputation of the brand, the degree of customer satisfaction, preliminary information on the characteristics and quality of the service or product in question, etc. 

When buying cryptocurrency it is advisable to proceed in the same way. What to watch? Mainly it is important to review the company's tax information as well as the opinions of other users .

3.- Access secure websites

When buying cryptocurrencies, check that the connection is secure and that you have access to an https web address . In other words, verify that it complies with security protocols.

If the web page you are accessing has a security certificate, your browser will show a lock icon next to the URL . In this way, you will prevent your data from being intercepted.

In addition, it is important to make sure that you access the correct web addresses and not the fraudulent links that appear in Google ads, on social networks, in related forums or even via e-mail. Check the sender of the email and pay attention to the writing , as spelling mistakes are common in phishing techniques.

4.- Check your wallet

We recommend, first of all, to know the safest wallets to keep cryptocurrencies . The cold wallet methods are very safe , although not suitable for people distracted.

Secondly, it is essential that the wallet is managed by the same person who buys cryptocurrencies . Otherwise it will not be possible to recover the purchased cryptocurrencies.

To avoid this, the number of third-party wallets is not allowed on the bitnovo platform . In confirming the transaction, the user must accept the condition of recognizing that the wallet used is his property and not a third party . 

5.- Enable double authentication

Strengthen the security of your passwords. With dual authentication or 2FA enabled, a second password is required to verify your identity . Therefore, even if they access your passwords, a temporary code generated by your PC or mobile device will be required to protect your data and your money.

If you are a bitnovo user, you can enable this tool through the web panel by following this two-step verification procedure .

6.- Do not believe in miraculous preachers

You will find many users on the Internet who pretend to be experts in the sector, offering miraculous services and advice to multiply your cryptocurrency funds, encouraging participation in projects or investments with incredible short-term benefits, etc. Always keep in mind that miracles do not exist , otherwise everyone would be rich, and that nobody gives anything.

As a user, by following these simple tips, you already know how to avoid cryptocurrency scams or, at least, how to make them a little more difficult for cyber attackers.

On the other hand, as an official platform for the easy sale and purchase of cryptocurrencies , bitnovo has always demonstrated its commitment to offering the safest service possible

Bitnovo continues its expansion into the world of cryptocurrencies by introducing DAI

ETH and TRX available in all your operations with bitnovo

2020 starts strong and promising. An example of this is the first increase in the year of the offer of tokens available within the Bitnovo cryptocurrency buy-sell platform .

On the one hand, Bitnovo incorporates Dai into its cryptocurrencies, Ethereum's solid decentralized stablecoin. Thanks to this integration, users will be able to use all bitnovo services using this token whose value is always stable against the US dollar.

As for ETH and TRX, they can now be used to top up Bitsa Card and Bitcard token-friendly cards . Furthermore, from now on it will also be possible to sell ETH and TRX through the bitnovo platform .

Bitnovo has a large number of both incoming and outgoing payment options and methods. From the purchase of cryptocurrencies by card, wire transfer or cash (in over 30,000 stores in Spain, Portugal, France and Italy and in the Bitnovo ATMs), to the sale of cryptocurrencies.

The bitnovo platform has a large volume of daily users attracted by its ease of use, its speed and its security ; without having to know aspects of trading.

In addition to all this, Bitnovo has a specialized blog, positioning itself as a platform for collective knowledge of the culture and market of virtual currencies.

Aware of the needs of its users, bitnovo continues to expand its offer and allows you to operate comfortably with DAI, ETH and TRX. What are you waiting for?