Centra Tech Introduces New Smart Wallet Upgrade
- Centra Wallet 2.0 includes a wide range of new supported features, helping make cryptos usable in the real world.
Centa Tech has strategically positioned itself at the forefront of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term startups this year by developing one of the world’s first fully-functioning cryptocurrency debit cards. Now, the same team has rolled out an upgraded version of their digital assets wallet that will allow customers to store, withdraw, and transact eight major Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Read this Term and exchange them in real-time.
Centra Wallet 2.0 includes some major upgrades that will have crypto-enthusiasts excited about bringing their digital assets to the Centa Wallet. The Centra Wallet and Centra Card is part of the group's broader mission of connecting cryptocurrencies to the real-world.
Making cryptos usable in the real world
By building both an easy-to-use digital assets wallet and widely-accepted cryptocurrency debit card, Centra has placed itself as the premier solution for overcoming one of the industry’s biggest obstacles: i.e. how to make cryptocurrencies usable in the real world. The timing couldn’t have been more opportune given the rapid ascension in crypto prices and their adoption across growing channels.
2017 has been a landmark year for the cryptocurrency market. Bitcoin surpassed multiple record highs to hit over $7,000 in value (from just $1,000 back in January 2017). The total market capitalization of cryptocurrencies now exceeds over $185B – that’s more than Goldman Sachs and Morgan Stanley.
In addition to this, Bitcoin and other cryptocurrencies (altcoins) have caught the attention of investment banks and major companies alike, prompting some big players to enter the market.
The explosive growth of both Bitcoin and altcoins has spiked public interest in cryptocurrencies like never before (stories about Bitcoin have now entered daily headlines). All of these factors indicate that the cryptocurrency behemoth is just on the cusp of entering the mainstream, if it hasn’t already.
Addressing the remaining obstacles
However, obstacles still remain. How can you use internet money — cryptocoins that are literally lines of code — and use them in real-life to purchase a product? This is where the team at Centra Tech comes in.
Later this month, Centra Tech plans to ship the very first Centra Cards, which will work with the much-anticipated second generation version of their digital smart wallet: Centra Wallet 2.0. The Centra Wallet is an important element of its core offering because it is gives customers the ability to store their digital coins safely, and also control the functionality of their Centra Card, in addition to many other features.
Released on November 1st, the improved Centra Wallet packs a more user-friendly interface as well as improved security features to protect against hacking and theft (Centra also insures your assets). Also, for the first time, Centra Wallet users will be able to instantly add up to 8 different cryptocurrencies at any time. Centra Wallet 2.0 currently supports 8 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, Monero, Zcash, Ripple, and Centra.
Centra Will Be adding it's first community asset to the Centra Wallet for December 1st. Vote today! $CTR #CentraWallet $Spendable
— Centra Tech (@centra_card) November 1, 2017
The Centra Wallet allows users to send and receive funds without transaction costs (no more predatory banking fees) and the Centra Card has real-time exchange technology to convert digital assets into major fiat currencies when used at a point-of-sale.
With both the Centa Card and Centra Wallet, you have a fully functioning digital assets bank account and the ability to spend your balance anywhere that accepts Mastercard (in addition to the growing amount of websites supporting Bitcoin as a form of payment) – except with this bank account, there are no hassles of having to deal with an actual bank.
The Centa Wallet developer team also announced various updates to coming in the near future. These include: usable access codes for US customers, full NFC support (the ability to use Centra Pay at NFC supported points-of-sale), support for four additional cryptocurrencies, and the ability to buy and sell these cryptocurrencies instantly from within the Centra Wallet.
If the Centra developer team does indeed deliver on these ambitions (as they have in the past), and the demand for cryptocurrency products and services continues to skyrocket, Centra Tech has the potential to become the go-to brand for cryptocurrency banking.
Centa Tech has strategically positioned itself at the forefront of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term startups this year by developing one of the world’s first fully-functioning cryptocurrency debit cards. Now, the same team has rolled out an upgraded version of their digital assets wallet that will allow customers to store, withdraw, and transact eight major Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Read this Term and exchange them in real-time.
Centra Wallet 2.0 includes some major upgrades that will have crypto-enthusiasts excited about bringing their digital assets to the Centa Wallet. The Centra Wallet and Centra Card is part of the group's broader mission of connecting cryptocurrencies to the real-world.
Making cryptos usable in the real world
By building both an easy-to-use digital assets wallet and widely-accepted cryptocurrency debit card, Centra has placed itself as the premier solution for overcoming one of the industry’s biggest obstacles: i.e. how to make cryptocurrencies usable in the real world. The timing couldn’t have been more opportune given the rapid ascension in crypto prices and their adoption across growing channels.
2017 has been a landmark year for the cryptocurrency market. Bitcoin surpassed multiple record highs to hit over $7,000 in value (from just $1,000 back in January 2017). The total market capitalization of cryptocurrencies now exceeds over $185B – that’s more than Goldman Sachs and Morgan Stanley.
In addition to this, Bitcoin and other cryptocurrencies (altcoins) have caught the attention of investment banks and major companies alike, prompting some big players to enter the market.
The explosive growth of both Bitcoin and altcoins has spiked public interest in cryptocurrencies like never before (stories about Bitcoin have now entered daily headlines). All of these factors indicate that the cryptocurrency behemoth is just on the cusp of entering the mainstream, if it hasn’t already.
Addressing the remaining obstacles
However, obstacles still remain. How can you use internet money — cryptocoins that are literally lines of code — and use them in real-life to purchase a product? This is where the team at Centra Tech comes in.
Later this month, Centra Tech plans to ship the very first Centra Cards, which will work with the much-anticipated second generation version of their digital smart wallet: Centra Wallet 2.0. The Centra Wallet is an important element of its core offering because it is gives customers the ability to store their digital coins safely, and also control the functionality of their Centra Card, in addition to many other features.
Released on November 1st, the improved Centra Wallet packs a more user-friendly interface as well as improved security features to protect against hacking and theft (Centra also insures your assets). Also, for the first time, Centra Wallet users will be able to instantly add up to 8 different cryptocurrencies at any time. Centra Wallet 2.0 currently supports 8 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, Monero, Zcash, Ripple, and Centra.
Centra Will Be adding it's first community asset to the Centra Wallet for December 1st. Vote today! $CTR #CentraWallet $Spendable
— Centra Tech (@centra_card) November 1, 2017
The Centra Wallet allows users to send and receive funds without transaction costs (no more predatory banking fees) and the Centra Card has real-time exchange technology to convert digital assets into major fiat currencies when used at a point-of-sale.
With both the Centa Card and Centra Wallet, you have a fully functioning digital assets bank account and the ability to spend your balance anywhere that accepts Mastercard (in addition to the growing amount of websites supporting Bitcoin as a form of payment) – except with this bank account, there are no hassles of having to deal with an actual bank.
The Centa Wallet developer team also announced various updates to coming in the near future. These include: usable access codes for US customers, full NFC support (the ability to use Centra Pay at NFC supported points-of-sale), support for four additional cryptocurrencies, and the ability to buy and sell these cryptocurrencies instantly from within the Centra Wallet.
If the Centra developer team does indeed deliver on these ambitions (as they have in the past), and the demand for cryptocurrency products and services continues to skyrocket, Centra Tech has the potential to become the go-to brand for cryptocurrency banking.