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Crypto-art

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What is Crypto-art? Crypto-art is created and distributed by Austin, TX based Crypto-art Publishers. Crypto-art helps people understand, enjoy, and collect digital currencies. Crypto-art has gained notable attention and an international collector base. Highlights include The Wall Street Journal, Forbes, front page of the Houston Chronicle's business section, and a segment on RAI5 Italian television covering art and money. Crypto-art was used as a teaching aid in the Canadian senate hearings on cryptocurrency. Collectors include Charlie Lee, Shape-shift, and a piece even hangs in the home of Justin Trudeau.  Why store Digital currency in art? Aside from being cool and interesting, it's actually a very safe way to store bitcoin. The Bitcoin protocol is extremely secure, but if your computer (or phone) gets hacked, your bitcoin can be stolen. For this reason, it's safest to store unused bitcoin offline. This process is called "cold storage." Crypto-art me

Cryptocurrencies and blockchain

What Are Cryptocurrencies Really? If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency. How Cryptocurrencies Emerged As A Side Product? Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin , the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.” The single most important part of Satoshi‘s invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed. After seeing all the centralized attempts fail,

How Blockchain makes Art Market Safer for Clients?- Varun

How Blockchain makes the art market safer for clients? What do stats show? The art market is booming and investors are jumping in. The global art industry recorded $63.7 billion dollars in sales last year, a 12% increase from 2017, according to the 2018 TEFAF Art Market report. The art market is now growing faster than both corporate bond yields and small-cap U.S. companies. While we may be living in a golden age of art, potential clients looking to invest in alternative investments are spooked by the art industry’s lack of regulation and the risks of fraud.   Can Blockchain provide an answer to this situation? Of-course, Blockchain may provide an answer. Adopting blockchain technology offers the art industry an opportunity to ameliorate the drawbacks of its opacity while retaining the benefits of an unregulated structure. As fine art matures into a formidable asset class, it is imperative for advisors to understand how new technologies are updating the art indust