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Facebook’s “AI Solutions for Integrity” may include software that reads encrypted messages before sending and after receiving.
Is Facebook Building the Tools to End Encryption Forever?
Blockchain technology is on the rise and getting increasingly popular among developers. According to the report, blockchain industry revenues should reach $2.2 billion in 2019, but the figure is expected to grow by a staggering 1000% in the next five years.
Grabbing only a small portion of the market share could give a big boost to your business, but the competition is harsh and you will need to use state of the art tactics and programs to find your place in the blockchain sun.
The Best Blockchain Development Tools
As a developer, you probably understand the practical value of blockchain. The new form of technology has a plethora of real-life applications, from accounting and supply management all the way to online security and P2P transactions. But it takes a reliable tool to get you going in this field, so let’s take a look at the best blockchain development platforms.
The first item on our list is Ganache CLI, a flexible and dynamic blockchain emulator. It is designed with the purpose to enable Ethereum coding on a personal computer, thus eliminating the need for blockchain development on the node itself.
What we like about Ganache CLI is the fact that it doesn’t charge any fees. At the same time, the platform enables super-efficient transaction mining and guarantees instant modification based on the real-time requirements of your project.
If you are interested in smart contracts, then Remix may as well be the way to go for you. The tool is perfect for Solidity-related programming because it simplifies almost every feature out there and allows you to code on a plain dashboard.
The left side of the dashboard is for code-writing, while the right part of the screen ensures the deployment and integrates the code into the blockchain. The sheer simplicity of Remix makes it ideal for the development, testing, and implementation of smart contracts.
Metamask is a user-friendly plugin that you can install and use in Google Chrome or Firefox. It basically turns your wallet into the browser-powered tool. This browser extension helps users to conduct operations in Ether and all other ERC20-related formats. Besides that, you can use it to for Ethereum Dapps as well.
Geth is yet another valuable platform based on Go as its core programming language. In other words, Geth enables the deployment and testing in the Ethereum blockchain realm. It is built primarily for token mining and transferring, but you can use it to form smart contracts, too.
The only thing we don’t like about Geth is its complete focus on Ethereum – if you don’t customize parameters manually, Geth will instantly begin downloading the Ethereum blockchain. If this is your goal, keep in mind that the whole process might take up to a few days to complete.
Truffle is an all-encompassing platform built specifically for Ethereum programming. It administers a vast library of resources needed for contract coding, testing, and development. With Truffle, you receive a smart console which enables communication between contracts and allows you to make real-time changes all the way through the development process.
Ether Scripter is a highly professional blockchain development platform. The interface is very clear and you can choose to work in a single or split-pane mode. Its toolbox can go from full to minimal based on your coding preferences. In general, Ether Scripter can be considered a puzzle-like platform that adds some fun to blockchain coding.
But as much as Ether Scripter represents an intuitive coding dashboard, it still doesn’t mean that anyone can use it. On the contrary, it may be somewhat difficult for first-time clients to get used to the tool, so we strongly recommend you to be patient with Ether Scripter in the beginning.
Ethereum is the official owner and developer of Mist, a platform that allows you to hold tokens and administer smart contracts. As the native platform of Ethereum, this wallet is actually the best tool to use for all Ether-related coding activities. However, Mist also requires a fair share of patience and storage capacity because it forces users to download Ethereum blockchain in its entirety.
Solc is another useful tool that integrates with Solidity. The purpose of Solc is to convert scripts into the more readable format and allow Ethereum Virtual Machine to recognize and understand the script without misinterpretations.
The last tool on our list focuses on the Bitcoin blockchain. Tierion essentially represents a set of tools and features that allow developers to form a credible database and add information to the public ledger. However, the ultimate goal of the Tierion team is to create a universal system that can be equally used in all branches, from eCommerce and finance to inventory management.
Blockchain applications are the latest trend in the digital universe and that has the potential to revolutionize traditional businesses. But in order to ride the wave of their popularity, you must know which tools to use to create a perfect product. We showed you nine key tools and technologies to develop and test blockchain applications, so make sure to check them out as soon as possible.
9 Key Tools and Technologies to Develop and Test Blockchain Applications
There is a famous quote stating that “in this world, nothing can be said to be certain, except death and taxes.” It’s a simple but indisputable truth that quickly spread to the realm of digital currencies.
Tax institutions, IRS in particular, take their jobs very seriously and they put a special emphasis on cryptocurrencies ever since the price of Bitcoin rose over 2,000% in 2017, from $953 to $20,089. The IRS’ Guidance on Virtual Currencies notes that cryptocurrency is not a currency but rather property, which means that you have to pay capital gains tax.
Keep in mind that those cryptocurrency buyers who just accumulate their digital wealth cannot be taxed. But if you are an active seller or trader, you better prepare to pay taxes accordingly. This is easier said than done because crypto-related tax calculations are everything but simple.
We open the list with TaxToken, a fresh crypto tax tool that quickly won over a lot of renowned clients in this field. TaxToken is a comprehensive platform with all the basic features you need to calculate taxes and create the corresponding forms.
This tool enables automatic data importing, so you don’t have to bother with manual entries of information coming from exchanges or electronic wallets. Of course, TaxToken precisely calculates each one of your transactions and determines possible gains or losses.
It also fills in and creates a complete version of the Form 8949 and Schedule D, the two files you need to send to IRS. The core version of TaxToken calculates up to 200 transactions and starts at $49, while the pro package costs $99.
If you are looking for a simple and intuitive crypto tax tool, then you should probably choose Bear Tax. This platform is keeping things under control as it doesn’t force clients to bother with things they don’t care about.
Instead, Bear Tax does it all on your behalf – it monitors transactions, evaluates revenue, and calculates taxes. Even better, the tool integrates with as much as 25 major crypto exchanges, thus helping you to trade globally without worrying about tax files. If you are not performing more than 200 transactions annually, go for the Bear Tax Basic starting at $30 per tax year.
Although the name suggests that this tool focuses on one cryptocurrency, Bitcoin Taxes actually covers a broad scope of other digital currencies such as Ethereum, Bitcoin Cash, Litecoin, and many more. As such, it represents an all-encompassing platform with all the functions you need to file taxes effortlessly.
It’s impossible to mention every feature of Bitcoin Taxes, but the highlights include capital gain analysis as well as income, donation, and closing reports. Besides that, Bitcoin Taxes has a user-friendly website with tons of valuable information for cryptocurrency traders, which makes it a great learning source, too.
Token Tax is one of the true leaders of crypto accounting due to its ability to make tax filling look like a simple business. The tool integrates with pretty much every important trading exchange in the world and monitors trading activities of each client individually.
Token Tax has no limits as it creates every file type you may need. This includes documents like FBAR, 8938, Schedule C, 8949, and all other files you may request. What we love about this platform is the fact that it even gives you suggestions on which coins to sell in order to reduce taxes.
Efficiency is what makes this platform a bit more expensive, but the majority of users should be fine with the basic version of Token Tax. It costs $65 and supports up to 500 transactions a year.
ZenLedger is designed for professional cryptocurrency investors who need a fully reliable taxing tool. It works with almost every digital coin, exchange, and fiat currency out there. With ZenLedger, you can never overpay taxes because it takes even the smallest reductions into the final calculation.
But as a highly functional platform, ZenLedger does come with a notable price tag. Its starter package handles up to 500 transactions and $50 thousand total asset value for $149. However, professional crypto traders usually go for the unlimited package that costs $999.
Coin Tracking is yet another highly reliable taxing platform that can fulfill the needs of the most demanding investors. This tool displays real-time feedback related to cryptocurrency transactions, gains or losses, coin values, and so on. It monitors almost seven thousand digital coins and serves 390 thousand clients.
Coin Tracking has another important advantage – it administers over 10 years of cryptocurrency trading data, which often serves clients as a precious source of information and a way to identify new trends. The pro package costs $161 per year, but you can also choose to pay in Bitcoins.
We close the list with another excellent tool that makes the tax filing process smooth and simple. Coin Tracker is user-friendly and therefore suitable even for beginner-level traders. It doesn’t only help clients with crypto taxes but also gives them the opportunity to analyze investments and understand the overall performance of their transactions. The so-called Trader version of Coin Tracker costs $195 per tax year.
Calculating crypto taxes manually can turn into a long and annoying process. Even worse, it can get you nowhere if you are not a professional accountant who follows the latest trends in developments in the crypto niche.
This is exactly why most cryptocurrency traders use digital platforms to calculate taxes. We showed you the seven most practical tools here, so it’s up to you to test them and choose the one that suits your business requirements.
These 7 Tools Will Help You Calculate Your Crypto Taxes
Yesterday, Cupertino-based tech giant Apple held its annual Worldwide Developers Conference (WWDC) where it gave an update on its product lineup, and while new products were revealed to the public for the first time, the event skews heavily toward talk of
After Microsoft, Apple Launches Crypto Developer Tools: Mass Adoption Imminent?
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What websites and tools you daily use for doing crypto related research? Such as DeFI DAI lending/interests, Coincheck, blockchain stats, Smart Contracts and or blockchain tracing online tools?
Having been into crypto for over 2 years, I’ve decided to conduct some research and find out the current state of affairs in the crypto industry. A few months ago, I was surprised to discover that many of my fellow students here in Russia use crypto daily. Since there’s no ultimate all-in-one tool as of now, this time I’m looking for what you, the user, would like to see coming.
Incidentally, I’m also writing a thesis on the topic of “The development of infrastructure solutions in cryptocurrency”. My goal here is not only to estimate the demand for crypto tools such as wallets and exchanges, but also to compare the way companies react to changes in the market. After all, crypto is beginning to mature and is close to reaching the point of market saturation.