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How Bots Became the Hallmark of Telegram Crypto Groups

Compared to traditional forex trading, the highly-speculative cryptocurrency sector requires more attention and time. When some digital assets can quadruple in value in just a day or two, it is hard not to constantly pay attention to the projects you have invested in. For this reason, cryptocurrency enthusiasts regularly follow official crypto Telegram groups and even make their own communities where they can discuss prices and announcements. However, no matter how fast we became with the rise of the internet, we still demand information more promptly. How do we solve this? We write code that gives us the ability to write a simple command and almost instantly receive information in return. Chatbots became a fundamental part of both businessmen and crypto Telegram communities, and there is a good reason why. What Are Chatbots? Most people tend to hire a virtual assistant if they are overburdened by work, and crypto investors tend to have a lot on their plate. But why pay someone who you have to manage when you can write a command in a Telegram chat and achieve the same thing? Crypto-based chatbots help us with basic needs such as checking out the price of a cryptocurrency. They can do more advanced processes as well, such as managing our portfolio and even making trades. When someone is in a rush and doesn’t have the time to manage their assets or visit a website to check the prices of multiple currencies, people can rely on chatbots instead. How Do They Work with Crypto? Chatbots provide a wide set of default commands. While advanced functions are not present in every bot, most of them can conduct basic commands useful for trading. Some bots can be even ordered to regularly report price movements and conduct price analysis. Think it requires a lot of effort? Let me show you how easy it is. If you are interested in the volume of the entire crypto market, you only need to type ‘/global’ on bots such as Rocket Coin and you will receive information not only on the total market capitalization but on the dominance of bitcoin as well. While most telegram crypto groups tend to integrate bots from the get-go, you can also personally chat with any bot you want. Having a one-on-one conversation is especially useful if you want to do advanced tasks such as making trades or managing your portfolio since they require a bit of privacy. If you are both a crypto enthusiast and a programmer, you can even code your very own personalized bot that can be used for any task possible depending on your expertise. Final Word – Do You Really Need One? If you ever needed an assistant that can help you with basic tasks, chatbots provide an inexpensive and useful option. Considering that the cryptocurrency market is highly-volatile and demands almost all of your attention, it can be a bit exhaustive to do everything yourself. While bots don’t do everything instead of you, writing a one-word command is easier than visiting exchanges and clicking through several pages. Crypto chatbots come in all shapes and sizes and can help you with both basic and advanced tasks. Need to quickly check the price of Bitcoin? Got it. Want to make a quick trade on the exchange of your choice? You can do that as well. But stay careful, some bots market themselves as more than just trading tools. If you ever encounter a bot that claims to provide financial advice, you might want to stick to the old saying: ‘Do Your Own Research’ (DYOR). The post How Bots Became the Hallmark of Telegram Crypto Groups appeared first on Bitcoin Garden.
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Chainfuel soft launches Telefuel, a Telegram client for power users

Chainfuel soft launches Telefuel, a Telegram client for power users - CryptoNinjas Today, the team of Chainfuel, developers of a Telegram analytics platform, soft-launched Telefuel – a new Telegram client for power users that unlocks the full potential of Telegram, into public beta. With Telefuel, users can: Organize Telegram chats with Slack-style chat folders, workspaces, folders, and more. Never miss a Telegram message with Telefuel’s unread message […] Chainfuel soft launches Telefuel, a Telegram client for power users - CryptoNinjas
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Telegram Open Network Labs Releases Development Suite for TON Blockchain

The post Telegram Open Network Labs Releases Development Suite for TON Blockchain written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics Leading infrastructure developer for the highly anticipated Telegram Open Network (TON) protocol and ecosystem,  TON Labs,  has released news of its TON Labs Node SE (Startup Edition). The source code and complete development suite for the forthcoming and highly anticipated Telegram Open Network (TON) blockchain were released late last week. Developers can join here.  “We […] The post Telegram Open Network Labs Releases Development Suite for TON Blockchain written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics
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In 2017, startups and projects raised $6.3 billion through ICO, up from roughly more than $100 million in 2016.

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High ETH Prices Are (Finally) Good For Ethereum

Things are looking pretty bullish for Ethereum (ETH). The Ether price has surged by over ten percent in the past couple of days, and crossed above the psychological $200 barrier earlier this afternoon. That could be a strong buy signal for technical traders, as Crypto Briefing analysts reported yesterday.   Source: CoinMarketCap How High ETH Prices Harm Ethereum But what does a high Ether price mean for the smart contract network? There’s an obvious benefit for speculators and miners. But past experience has shown that anyone seeking to build dApps or just use the network could be severely hampered when markets turn bullish. That’s because the higher ETH prices get, the more expensive it is to use the platform. Users have to pay for everything they do on the network, from smart contract computations to token transfers. Rising gas fees could push end-users onto cheaper alternatives, like EOS or TRON, which offer similar functionality with lower fees. At least, that’s the received wisdom, which so far seems to be supported by experience. And it’s still technically true today: when it comes to using the ETH network, the downsides of a high Ether price tend to outweigh the advantages. Does Expensive ETH Mean A Stronger Network? However, Ethereum is (eventually) transitioning towards a Proof-of-Stake consensus model, which will require a financial commitment in order to participate. Instead of mining blocks through proof-of-work, block-producing nodes will have to stake ETH tokens as collateral in order to validate the network. That could have a significant impact on Ether’s market dynamics. Stakeholders will risk losing their hodlings if they fail to maintain connected and up-to-date node software. An expensive ETH would provide a strong disincentive to malicious or careless actors on the network. “If the chain is going to be secure, then there are inherent benefits from having high-valued Ethereum,” explained Nic Carter, Partner at Castle Island Ventures, in an interview with Laura Shin. A high Ether price, he added, would also provide “high-powered collateral, for DeFi applications for instance.”  Carter also pointed out that most networks have become too preoccupied with one or two “glamour metrics,” which may burnish their credentials but do not represent credible advantages. EOS, for example, has focused solely on scalability at the expense of decentralization. One tradeoff of those high speeds is that EOS relies on a small group of validators, which could present a systemic risk if they decided to collude or otherwise abuse their privileged positions. Ethereum’s key advantage is that it is the only platform with a vibrant community, Carter added, which comes with an “organic groundswell of usage and development.” Because of that organic usage, investors may be attracted to hold ETH for the long-term. “I think we noticed a little bit of a recalibration where initially [Ether] was computational gas,” Carter went on to say. “More recently, certain high-profile Ethereans have been saying, ‘well actually Ethereum itself is money.'” A strong Ether price could still push people off the network, but the community has been exceptionally resilient to market volatility and rival platforms over the past two years. The burgeoning DeFi space, and the added security after transitioning to Proof-of-Stake, could make high prices a net positive for the Ethereum network. The post High ETH Prices Are (Finally) Good For Ethereum appeared first on Crypto Briefing.
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