February 2018
Intermediate to advanced
288 pages
6h 58m
English
Content preview from Ethereum Smart Contract Development
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
Start your free trial
Fiat2Crypto and Crypto2Crypto exchange
Cryptocurrencies are not yet the financial instrument of choice for paying even the most routine purchases.
For example, to use a bitcoin wallet to buy a cup of coffee, we have to send BTC to the exchange for conversion, wait while the confirmations are processed, sell the bitcoins at a substantial loss, and then transfer the Fiat funds to our card. In some cases, the movement of our money would be the responsibility of an actual person acting as a courier. In the case of Ethereum, this is even more cumbersome.
There are many mushrooming exchange portals, but these carry a high risk. A couple of time-tested exchanges are poloniex.com and cex.io.
Estonia has adopted cryptocurrencies with open arms. The ...