Electric vehicles can be less green than classic fuel cars, Norwegian study finds

Sunday, October 7, 2012

A Norwegian University of Science and Technology study released Thursday found electric vehicles have a potential for higher eco-toxicity and greenhouse impact than conventional cars. The study includes an examination of the electric car’s life cycle as a whole rather than a study of the electric car’s environmental impact during the use phase.

The researchers conducted a comparison of the environmental impact of electric cars in view of different ratios of green-to-fuel electricity energy sources. In the case of mostly coal- or oil-based electricity supply, electric cars are disadvantageous compared to classic diesel cars with the greenhouse effect impact being up to two times larger.

The researchers found that in Europe, electric cars pose a “10% to 24% decrease in global warming potential (GWP) relative to conventional diesel or gasoline vehicles”.

The researchers suggest to improve eco-friendliness of electric vehicles by “reducing vehicle production supply chain impacts and promoting clean electricity sources in decision making regarding electricity infrastructure” and using the electric cars for a longer time, so that the use phase plays a more important role in the electric vehicle life cycle.

Retrieved from “https://en.wikinews.org/w/index.php?title=Electric_vehicles_can_be_less_green_than_classic_fuel_cars,_Norwegian_study_finds&oldid=3569487”

Long Term Care Costs By State And Other Factors That Affect The Rates Of Ltc Policies

It is nice to know that more and more people are now encouraged to purchase long term care policies for their needs in the coming years. The initiatives and other programs developed by the government with the help of some private insurance providers are now paying off and people are now aware, not only of the benefits, but also of the other facts such as long term care costs by state and other pertinent facts in an LTC plan.

People are now informed of what they should consider and look for in an LTC policy. Included in these considerations are the three mandatory features that all LTC policies must have in order to be considered valid and authorized. First of these compulsory features is the so-called minimum daily benefit amount. This determines the price limit or quota of an insured person for every time he uses his policy benefits. Depending on the type of LTC policy that he has, he might be given reimbursement of the exact amount that he has incurred, or might also be given the whole amount of his price cap. But regardless of the plan type, he will be responsible of paying the remaining balance or any amount that will exceed his quota for the day.

The minimum benefit coverage period sets the duration or validity of a certain policy. Usually, an average length of stay in a nursing home facility lasts for three years. But for some cases wherein an individual’s health condition requires more medical care and treatment, he may try to apply for Medicaid benefits. He may be granted eligibility to its benefits given that he meets the set of requirements and standards.

[youtube]http://www.youtube.com/watch?v=esFb307Ti_w[/youtube]

Inflation protection, regarded as the most important of all LTC plan features, may also affect the long term care costs by state. It has the ability to adjust and make the value of certain policies updated according to the current costs of LTC services. The adjustment is automatic, regardless if the policy was originally acquired at a much cheaper price, years prior to the actual usage of the person’s plan benefits.

The levels of inflation protection are based on the age of an individual when he applied and purchased his LTC policy. Higher levels of inflation protection are given to those people who acquired policies at age 60 or younger. This is the reason why some insurance industry experts strongly suggests that LTC policies must be acquired when the person is still young, and has stable financial income to sustain the payment of his plan’s monthly premiums.

In order to get more accurate LTC insurance quotation, the person must provide truthful and important personal information like his real age, his health condition, his family’s medical background, if he smokes or not, and some other details that may be asked in order to generate LTC insurance plan quotations.

If an individual is still hesitant and might still need more information, the online LTC assessment tools provided by some private insurance companies’ websites may help them find out about long term care costs by state and other helpful facts that may get them purchase their own plans soon.

Article Source: sooperarticles.com/finance-articles/insurance-articles/long-term-care-costs-state-other-factors-affect-rates-ltc-policies-566442.html

About Author:

A lot of Americans will surely need help with their failing health in the future; thus, long term care planning is a must these days. If you are hitting retirement or you simply want to protect yourself and your family’s welfare, it would be best to secure a long term care quote.Author: Graeme Harris

Author Amy Scobee recounts abuse as Scientology executive

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.

Retrieved from “https://en.wikinews.org/w/index.php?title=Author_Amy_Scobee_recounts_abuse_as_Scientology_executive&oldid=4579695”

After 100 days, Deepwater Horizon oil spill still threatens Gulf coast

Saturday, July 31, 2010

Wednesday marked the 100th day since the beginning of the Deepwater Horizon oil spill, and although the leaking well was recently capped, the estimated three million or more barrels of oil already in the Gulf of Mexico are still causing trouble for many residents of the Gulf coast.

There are still many unanswered questions about the long-term impact of the spill, including how it has affected the environment and natural habitats of the Gulf as well as whether residents of the area will be able to return to their jobs and livelihoods now that the leak has been capped. US government officials say that, even after the oil well is permanently sealed, workers will still have a lot to do, including the removal of around 20 million feet (6.1 million metres) of containment boom. “I would characterize this as the first 100 days. There’s a lot of work in front of us,” said Rear Admiral Paul Zukunft of the US Coast Guard.

Authorities will use submarines to assess damage underwater, while teams on the ground assess the shoreline. While removing oil from beaches is expected to be fairly straightforward, cleaning the marshlands will be particularly difficult, as boats are needed to maneuver through small channels and workers are unable to stand on solid ground. At least 638 miles (1,027 kilometres) of the Gulf coast have been hit by the oil.

The government is focusing on both cleaning sensitive coastal regions and looking for underwater oil plumes, but is also probing into what may have been the largest accidental oil spill. The US Justice Department, as well as Louisiana, Mississippi, and Alabama, are all investigating what contributed to the disaster. The Washington Post reported one team is looking into whether a close relationship between BP and government regulators played a role in the spill. The Post also said that Deepwater Horizon operator Transocean as well as oil services group Halliburton were being investigated.

BP officials say that they will try to perform the “static kill” process on Monday, a process which involves pumping a thick mixture of mud and cement down into the cap currently stopping the leak. At the end of next week, one of two relief wells currently being drilled should reach the leaking well, and officials will then know if the static kill has worked. It is hoped that this “bottom kill” operation will be able to permanently seal the damaged well.

Even though BP is close to sealing the oil reservoir, it still faces legal battles, economic struggles, and internal changes. On Tuesday, BP announced Tony Hayward would step down from his position as the company’s chief executive. His replacement, American Bob Dudley, will be the first non-British CEO of the company.

On Thursday, lawyers met at Boise, Idaho hearing to determine how around 200 various lawsuits against BP will play out. Depending on whether the suits can be consolidated, BP could be facing years of legal disputes. BP, Transocean, and Halliburton had already blamed each other for the disaster during a May hearing before the US Senate. Federal regulatory officials were criticized for allegedly taking bribes and not thoroughly inspecting the oil rig.

The company also reported a quarterly loss of US$16.9 billion and said it has allocated US$32.2 billion to pay for the spill. BP has a US$20 billion fund to help make up for the massive losses of the Gulf fishing, oil, and tourism industries and will pay damages for each of the millions of barrels of oil lost in the disaster.

BP says that it is the “responsible party” for cleaning up the spill because it owned the leaking well and had leased the Deepwater Horizon oil rig, but claims that it is not responsible for the entire spill.

Retrieved from “https://en.wikinews.org/w/index.php?title=After_100_days,_Deepwater_Horizon_oil_spill_still_threatens_Gulf_coast&oldid=4531597”

Bush EPA nominee abandons insecticide-on-children study after Senate hearing

Saturday, April 9, 2005

Following a Senate hearing in which the Bush administration’s nominee for EPA administrator, Stephen Johnson, stoutly defended his plan to pay parents to document the effects on infants of insecticide use in the home, he reversed course and stopped the program.

Among the original requirements for the 60 families requested to be participants in the “Children’s Health Environmental Exposure Research Study” (CHEERS) study according to EPA were that they must:

  • Live in Duval County, Florida
  • Be a parent of a child under the age of 13 months
  • Spray or apply or have pesticides sprayed or applied inside your home on a routine basis (You do not need to change your regular household routine for the study.)

This original version of the requirements can be viewed in the Internet Archive, a free online repository that creates copies of websites on a regular basis. The third requirement was reworded by November 2004, according to the Internet Archive: “Maintain your normal pesticide or non-pesticide use patterns for your household. We will not ask any parent to apply pesticides in their home to be a part of this study.”

According to the above document, the area of Jacksonville/Duval County was chosen for reasons of existing year-round high usage of pesticides and other household chemicals within the home, as well as relevant data from existing prior studies. The study involved researchers visiting the home of participants, parents videotaping their children’s activities with a supplied camcorder, children wearing a small “activity sensor”, and parents collecting food and urine samples for detailed analysis of the effects of chemical exposure to common commercially available chemicals, primarily pesticides, on which “current information… is very limited” [1].

Selection for the study began in fall 2004. As incentives for their participation in the planned two-year study, parents were to be given $970, a t-shirt, and other gifts, and would have kept the video camera at its conclusion.

Complaining that the study was necessary, Johnson yielded to two Democratic Senators who had threatened to block him, using all means available, from officially taking the helm of the Environmental Protection Agency, of which he is the acting head. The block on his nomination was lifted afterwards although some Democratic Senators would not say how they would vote on the final nomination.

Under his guidance, the EPA agreed to accept $2 million for the controversial $9 million CHEERS study from an industry trade group, the American Chemistry Council, which represents the chemical insecticide manufacturers. The study was to be conducted with the cooperation of the Duval County Health Department, and the US Centers for Disease Control and Prevention, based in Atlanta.

Senators Barbara Boxer (D-CA) and Bill Nelson, (D-FLA), demanded the cancellation of the study as proof of Johnson’s acknowledgement of what she called a “gross error in judgment”.

“The CHEERS program was a reprehensible idea that never should have made it out of the boardroom, and I am just happy that it was stopped before any children were put in harms way,” Boxer said. She added that testing on humans should not be a part of any United States environmental policy.

“I am very pleased that Mr. Johnson has recognized the gross error in judgment the EPA made when they concocted this immoral program to test pesticides on children,” Boxer said.

Work on the study was halted last November by Johnson while an independent review of the study’s design was conducted at his request. Part of the reason for the study’s current cancellation was what the EPA in its press release has termed “mischaracterization” of the nature of the study as though children were being deliberately sprayed with pesticides.

Johnson defended his approach, “I have concluded that the study cannot go forward, regardless of the outcome of the independent review. EPA must conduct quality, credible research in an atmosphere absent of gross misrepresentation and controversy. I am committed to ensuring that EPA’s research is based on sound science with the highest ethical standards.”

In November 2004, William Farland, an administrator with the EPA’s research department, told The Oregonian, “There’s no suggestion that we are asking them to use pesticides. We simply want them to continue to carry out their day-to-day activities.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Bush_EPA_nominee_abandons_insecticide-on-children_study_after_Senate_hearing&oldid=4406808”

Keep Your Belongings And Clear Space With Storage Garages

byAlma Abell

If you’re like most Americans, you probably have a lot of stuff in your home that you could stand to get rid of. Millions of people have a problem with hoarding items that they don’t need. Some people have boxes of clothes, shoes, and accessories that are years old, and that haven’t been worn or used in some time. These items only take up space and give your home a cluttered look. But what if you don’t want to throw these belongings away? The solution you’re looking for might be a Storage Garage.Storage services have been used for years here in the United States. There are tens of thousands of these services around the country. They allow customers to store everything from food to furniture. Some services even allow you to store large vehicles if the space permits you to do so.

These facilities charge storers a small fee once a month. You can usually find a space that can be rented for only a few dollars every 30 days. However, the cost to occupy the space is usually determined by the size of the Storage Garage. For instance, a 5×10 storage space will cost a little more to maintain than a 5×5 storage space.

There are a number of advantages to having a storage garage. One advantage is the fact that the storage area is accessible 24/7. All renters will have either an access code to enter the area or a physical key. The second advantage is the fact that these areas are being constantly monitored by security cameras and guards. All of this security means that you can rest assure that your property will be safe while you’re away.

Investing in a place like St. Anne’s Self Storage is also a great way to clean out your home. Millions of homes have attics and closets that are filled with newspapers, family pictures, old clothes, and other miscellaneous items. Yes, some of these items can be thrown away. However, if you have items that are taking up space, but that you’d like to also keep, you can simply store them in a storage facility. This way you can de-clutter your home and still keep your things.

Category:Featured article

Shortcut:WN:FA

Featured articles are selected by the community to represent the best of Wikinews. See the Featured Article Candidates page for nominations and discussions of candidate articles for this page. Or, subscribe to the RSS feed!

[edit]

Pages in category “Featured article”

Retrieved from “https://en.wikinews.org/w/index.php?title=Category:Featured_article&oldid=2870736”

Cleveland, Ohio clinic performs US’s first face transplant

Thursday, December 18, 2008

A team of eight transplant surgeons in Cleveland Clinic in Ohio, USA, led by reconstructive surgeon Dr. Maria Siemionow, age 58, have successfully performed the first almost total face transplant in the US, and the fourth globally, on a woman so horribly disfigured due to trauma, that cost her an eye. Two weeks ago Dr. Siemionow, in a 23-hour marathon surgery, replaced 80 percent of her face, by transplanting or grafting bone, nerve, blood vessels, muscles and skin harvested from a female donor’s cadaver.

The Clinic surgeons, in Wednesday’s news conference, described the details of the transplant but upon request, the team did not publish her name, age and cause of injury nor the donor’s identity. The patient’s family desired the reason for her transplant to remain confidential. The Los Angeles Times reported that the patient “had no upper jaw, nose, cheeks or lower eyelids and was unable to eat, talk, smile, smell or breathe on her own.” The clinic’s dermatology and plastic surgery chair, Francis Papay, described the nine hours phase of the procedure: “We transferred the skin, all the facial muscles in the upper face and mid-face, the upper lip, all of the nose, most of the sinuses around the nose, the upper jaw including the teeth, the facial nerve.” Thereafter, another team spent three hours sewing the woman’s blood vessels to that of the donor’s face to restore blood circulation, making the graft a success.

The New York Times reported that “three partial face transplants have been performed since 2005, two in France and one in China, all using facial tissue from a dead donor with permission from their families.” “Only the forehead, upper eyelids, lower lip, lower teeth and jaw are hers, the rest of her face comes from a cadaver; she could not eat on her own or breathe without a hole in her windpipe. About 77 square inches of tissue were transplanted from the donor,” it further described the details of the medical marvel. The patient, however, must take lifetime immunosuppressive drugs, also called antirejection drugs, which do not guarantee success. The transplant team said that in case of failure, it would replace the part with a skin graft taken from her own body.

Dr. Bohdan Pomahac, a Brigham and Women’s Hospital surgeon praised the recent medical development. “There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Leading bioethicist Arthur Caplan of the University of Pennsylvania withheld judgment on the Cleveland transplant amid grave concerns on the post-operation results. “The biggest ethical problem is dealing with failure — if your face rejects. It would be a living hell. If your face is falling off and you can’t eat and you can’t breathe and you’re suffering in a terrible manner that can’t be reversed, you need to put on the table assistance in dying. There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Dr Alex Clarke, of the Royal Free Hospital had praised the Clinic for its contribution to medicine. “It is a real step forward for people who have severe disfigurement and this operation has been done by a team who have really prepared and worked towards this for a number of years. These transplants have proven that the technical difficulties can be overcome and psychologically the patients are doing well. They have all have reacted positively and have begun to do things they were not able to before. All the things people thought were barriers to this kind of operations have been overcome,” she said.

The first partial face transplant surgery on a living human was performed on Isabelle Dinoire on November 27 2005, when she was 38, by Professor Bernard Devauchelle, assisted by Professor Jean-Michel Dubernard in Amiens, France. Her Labrador dog mauled her in May 2005. A triangle of face tissue including the nose and mouth was taken from a brain-dead female donor and grafted onto the patient. Scientists elsewhere have performed scalp and ear transplants. However, the claim is the first for a mouth and nose transplant. Experts say the mouth and nose are the most difficult parts of the face to transplant.

In 2004, the same Cleveland Clinic, became the first institution to approve this surgery and test it on cadavers. In October 2006, surgeon Peter Butler at London‘s Royal Free Hospital in the UK was given permission by the NHS ethics board to carry out a full face transplant. His team will select four adult patients (children cannot be selected due to concerns over consent), with operations being carried out at six month intervals. In March 2008, the treatment of 30-year-old neurofibromatosis victim Pascal Coler of France ended after having received what his doctors call the worlds first successful full face transplant.

Ethical concerns, psychological impact, problems relating to immunosuppression and consequences of technical failure have prevented teams from performing face transplant operations in the past, even though it has been technically possible to carry out such procedures for years.

Mr Iain Hutchison, of Barts and the London Hospital, warned of several problems with face transplants, such as blood vessels in the donated tissue clotting and immunosuppressants failing or increasing the patient’s risk of cancer. He also pointed out ethical issues with the fact that the procedure requires a “beating heart donor”. The transplant is carried out while the donor is brain dead, but still alive by use of a ventilator.

According to Stephen Wigmore, chair of British Transplantation Society’s ethics committee, it is unknown to what extent facial expressions will function in the long term. He said that it is not certain whether a patient could be left worse off in the case of a face transplant failing.

Mr Michael Earley, a member of the Royal College of Surgeon‘s facial transplantation working party, commented that if successful, the transplant would be “a major breakthrough in facial reconstruction” and “a major step forward for the facially disfigured.”

In Wednesday’s conference, Siemionow said “we know that there are so many patients there in their homes where they are hiding from society because they are afraid to walk to the grocery stores, they are afraid to go the the street.” “Our patient was called names and was humiliated. We very much hope that for this very special group of patients there is a hope that someday they will be able to go comfortably from their houses and enjoy the things we take for granted,” she added.

In response to the medical breakthrough, a British medical group led by Royal Free Hospital’s lead surgeon Dr Peter Butler, said they will finish the world’s first full face transplant within a year. “We hope to make an announcement about a full-face operation in the next 12 months. This latest operation shows how facial transplantation can help a particular group of the most severely facially injured people. These are people who would otherwise live a terrible twilight life, shut away from public gaze,” he said.

Retrieved from “https://en.wikinews.org/w/index.php?title=Cleveland,_Ohio_clinic_performs_US%27s_first_face_transplant&oldid=4627150”

Eurovision ’73 winner Anne Marie David discusses her four-decade career and the Contest, past and present

Monday, February 16, 2009

In the 1970s, she was one of the most popular female vocalists in France, and became well-known internationally. Anne Marie David, from Arles in the south of France, parlayed her initial success from playing Mary Magdalene in the French production of Jesus Christ Superstar into taking home the “grand prix” at the Eurovision Song Contest in 1973. Her winning song, “Tu te reconnaîtras” (You will recognize yourself), became a Europe-wide hit that spring.

At the height of her popularity, David perfomed world tours, and even lived abroad in Turkey for a time. In 1979, she tried once again to win the Eurovision, and placed a respectable third. Her song “Je suis l’enfant soleil” (I’m a child of the sun) became similarly popular across France and in the Francophone nations.

As time went on, however, her place in the French music scene became less certain. Touring the world had taken a personal toll, and David decided to retire from music completely in 1987. However, with the help of her fan base, she was coaxed out of retirement in 2003 and is returning to a part of her life that she tried to leave, but never left her. Celebrating four decades in the music scene, David is looking forward to adventurous new projects and a newfound zest for life.

Anne Marie David corresponded with Wikinews’ Mike Halterman about her eventful career, her personal anecdotes regarding living abroad, her successes in past Eurovision contests and her grievances with the way the show is produced today. This is the second in a series of interviews with past Eurovision contestants, which will be published sporadically in the lead-up to mid-May’s next contest in Moscow.

Retrieved from “https://en.wikinews.org/w/index.php?title=Eurovision_%2773_winner_Anne_Marie_David_discusses_her_four-decade_career_and_the_Contest,_past_and_present&oldid=1408431”

Cryptocurrency Wallet Development Realizes The Future Of Payments

There is an uncompromising upward trajectory when it comes to crypto prices. There is a drastic increase in the number of individuals investing in digital currencies and as a result, cryptocurrencies like Ethereum and Bitcoin are hitting their all-time highs. Every year, we witness new entrants in the global digital currency wallets, leaving plenty of options for the investors. All of this means that there will be an increase in the demand for cryptocurrency wallet development.

Cryptocurrencies can be stored in a variety of wallet options. Similar to a password, the cryptocurrency wallets store a private key for every individual coin. The best way to recharge cryptocurrency to a digital wallet is to do it via a cryptocurrency exchange that people use to buy currency (Id Est Gemini or Coinbase). However, many mainstream companies like Robinhood and Paypal also incorporate options to buy, store, and sell cryptocurrency.

What is Cryptocurrency?

Protected by cryptography, cryptocurrencies are a form of virtual currency that is nearly impossible to counterfeit or double-spend. Most of the cryptocurrencies are built on distributed ledgers and use decentralized networks which are built on blockchain technology. Cryptocurrencies are not issued by central government authorities, which makes them immune to government policies across the globe.

How Do Cryptocurrency Wallets Function?

  • The wallet stores crypto transactions in an unalterable blockchain network.
  • The cryptocurrency wallet contains all the public as well as private keys related to the currencies.
  • When a wallet user sends cryptocurrencies to another user, he actually transfers the digital coin ownership to the recipient.
  • The users are only allowed to transfer their digital coins if their private key matches the public key.
  • The public key is used to receive the funds whereas the private key is used to validate the transactions.

Types of Cryptocurrency Wallets1. Desktop Wallets

Desktop cryptocurrency wallets can be downloaded on a desktop PC or a laptop and only be accessed via that particular computer. Most desktop wallets are secure, however their security can be compromised if there is a cyberattack on your computer. In the case of a virus or hack, the users would lose all of their funds. Some popular examples of desktop wallets are Bitcoin Knots and Armory.

2. Virtual Wallets

Virtual wallets for cryptocurrency are based on the cloud and can be accessed from any location using any device. Storing private keys online has become safer and convenient with the advent of blockchain technology. Still, they are vulnerable to cyberattacks, and there is a chance of theft, as cloud services are controlled and managed by third-parties.

3. Mobile Wallets

These cryptocurrency wallets can be accessed from mobile devices using an app. Many retail stores and supermarkets accept payments via mobile cryptocurrency wallets. However, mobile wallets have more limited cold storage capacity than desktop wallets. Some popular examples of mobile cryptocurrency wallets are Bither, Green Address, and BitGo.

4. Hardware Wallets

Hardware wallets are very different from mobile, desktop, and virtual wallets, as they don’t store user’s private keys online. Instead the keys are stored on a hardware drive like USB. These cryptocurrency wallets incorporate robust security measures and are capable of executing online transactions. Hardware wallets support various digital currencies and are compatible with different web interfaces. Some popular hardware wallets are Ledger Nano S, Keep Key, and Trezor.

5. Paper Wallets

Paper cryptocurrency wallets are the most secure means to store cryptocurrencies. The software generates the private and public keys that can be printed. The wallet holders can easily transfer funds from their software wallets to a paper wallet. The users can scan their QR codes to transfer friends back to the software wallets.Bitaddressis a perfect example of paper cryptocurrency wallet.

Current Cryptocurrency Trends in the Market

Bitcoin was the first cryptocurrency developed and all other cryptocurrencies developed post-bitcoin launch are often denoted as Altcoins or alternate coins. Being the best alternative to fiat currency, cryptocurrencies will surely disrupt the current monetary system.

As per Markets and Markets, In 2019, the cryptocurrency market was valued at $1.03 billion. Moreover, by the end of 2024 the market is projected to grow to $1.40 billion with a CAGR of 6.18% during this period. The high cost of cross-border remittance, monetary value fluctuations, investment growth in crypto venture capital, and the transparency that distributed ledger technology brings have influenced the market growth.

Source:MarketsAndMarkets

Leading Cryptocurrency Wallets in 2021

Majourly, the cryptocurrency wallets can be divided into two categories – Software Wallets and Hardware Wallets.

Best Hardware Wallets for Cryptocurrency1. Ledger Nano S

Since its inception in 2014, the Ledger Company has made big strides. This hardware wallet is perfect for anyone who is serious about their cryptocurrency security. Ledger Nano S has its own operating system called BOLOS and features 2-factor authentication.

2. Trezor One

Trezor is renowned for developing the first hardware cryptocurrency wallet using modern cryptography. The Trezor One crypto wallet was designed and developed in Czech Republic by a stellar cyber security team and cryptocurrency advocates. In Czech, the word trezor translates to “vault”. Similar to Ledger Nano S, Trezor One also use two-factor authentication to authenticate transactions.

Best Software Wallets for Cryptocurrency1. Coinbase

With a motive to enable anyone access Bitcoin anywhere, Coinbase is the catalyst in creating an open financial infrastructure. Currently, more than 35 million users across 100 countries trust Coinbase for their cryptocurrency related transactions.

2. Gemini

Gemini is the industry-leading cryptocurrency exchange accessible via both mobile and PC. The app users can track cryptocurrency prices in real-time using the app itself. The app also allows users to set price alerts so that the users can act immediately on price fluctuations.

Steps for Cryptocurrency Wallet Development

It isn’t easy to develop a cryptocurrency wallet that is user-friendly and secure at the same time. The cryptocurrency wallet developers need to have a clear understanding of which type of wallet application they want to build. The following are the typical process for cryptocurrency wallet development:

1. Define Your Cryptocurrency App Type and Concept

As there are several cryptocurrency wallet apps already out there, there is no need for you to reinvent the wheel. Your app idea can be similar to the existing cryptocurrency wallets; hence, you can learn from your competitors and speed up your cryptocurrency wallet development process.

Your answer to the following questions will help you define the crowdfunding app concept:

  • What type of cryptocurrency wallet do you want to develop?
  • What will be the USP of your cryptocurrency wallet?
  • Which cryptocurrencies do you want to support with your app?
  • How will you differentiate your app from the competition?

2. Evaluate Existing Market Scenario

When you know the type of cryptocurrency app that you want to develop, it’s time for you to analyze the market. In the earlier section of this article I’ve talked about the types and trends of cryptocurrency wallets, and the top existing cryptocurrency e-wallets in the market.

I recommend you to do a SWOT (Strengths, Weakness, Opportunities, and Threats) analysis to know how to win the competition. Try to identify the USP of top cryptocurrency wallet apps and replicate the strategies for your app.

3. Design UI/UX

Yes, designing FinTech apps is quite challenging. ManyFinTech developersdirectly skip to UI/UX designing without creating mockups for their apps. To be noted that mockups are essential when it comes to FinTech app development. Wireframes and mockups allow FinTech companies to identify user flow and build user-friendly information architecture. At Nimble AppGenie, our designers use Mockingbot and Axure for wireframing and mockups.

4. Develop Technical Architecture and Backend

Your cryptocurrency app performance heavily depends on the technical architecture. Several aspects like user interface, database, workflow, service tools are part of the technical architecture. You can refer to the following illustration to understand technical architecture better.

When your cryptocurrency app’s technical architecture is ready, you should start developing the backend. Backend development is a lengthy process as the developers would have to set up the development environment and build internal and integrate external APIs to create robust app’s backend.

For backend development, you either use a SaaS solution or develop the entire infrastructure by yourself. I prefer using a ready to implement SaaS solution i.e. Cloudkit, AWS Mobile Hub, and Firebase. By using SaaS software solutions, we are able to save time and money for our clients. However, apps that require personalized features and have rigid requirements need to be developed from scratch.

Some other recommendations for cryptocurrency wallet backend development are:

Use Bitcoin libraries for iOS and Android.Since most of the cryptocurrencies are open source, there is no need to reinvent the wheel to create your cryptocurrency wallet. It is sufficient to utilize specific libraries like Coinbase SDK or Bitcoin SDK. Based on the type of your cryptocurrency wallet, we can suggest the best technology for developing your app.

Synchronize your wallet into the blockchain via several APIs. Distributed ledger Application Programming Interfaces (APIs) will allow you to synchronize your cryptocurrency wallet with the blockchain ecosystem. The most common APIs are Factom, Bitcore, and Coinbase.

Add payment feature. If you want your users to make payments via your app, you should empower them with the ability to pay via cryptocurrency. You can integrate cryptocurrency payment services like BitPay or BitPOS to enable this functionality in your app.

5. Frontend Development

First thing first, you need a responsive design. Your app should respond immediately when users input a command. The user experience needs to be top-notch. The most crucial thing about the cryptocurrency wallet frontend is that it should prove the crypto benefits with a sense of reliability. The wallet will be accessing real-time crypto market data, which is very essential for their decision making.

TheFinTech UX/UXdesigners will replicate the designs created during the wireframing and mockups process. HTML, CSS, and JavaScript are among the primary technologies UI/UX designers use to develop app frontend. They’ll be integrating several third-party APIs to gather real-time currency data from the market.

6. Testing

Testing is an indispensable part of everysoftware development life cycle. No matter whichsoftware development methodologyyou are using, testing will be there at the end of every sprint. The quality analysts check the app functionalities and code, and also compare it with theoriginal requirement document.

When the first testing spring is done, the QA team forwards the software code back to the development teams and asks them to resolve the errors/bugs. Afterwards, the development team makes the required changes and sends the final draft back to the QA team. The app can only be released when it gets a green flag from the QA team.

Necessary Features for Cryptocurrency Wallets

Features for cryptocurrency wallets are no different than other FinTech applications. Starting from the seamless registration process, followed by KYC and AML compliances, the cryptocurrency app would require you to pay significant attention to the user experience because app abandonment rate is high when it comes to FinTech apps.

Features like Trading and exchange are quite difficult to implement in comparison to the process forinvestment apps. Cryptocurrency apps are required to be integrated with the cryptocurrency ecosystem in order to receive real-time updates.

However, following are the feature you should consider incorporating in your cryptocurrency wallet app:

  1. Seamless onboarding
  2. User account management
  3. Robust security
  4. QR-code scanning
  5. Cryptocurrency management (send, receive, and store cryptocurrencies)
  6. Trading and exchange cryptocurrencies
  7. Push notifications

Conclusion

Indeed, cryptocurrencies are the future of digital payments. The rise of bitcoin has impacted the global monetary ecosystem. Several studies have revealed that the cryptocurrencies market will continue to grow and reach unprecedented levels.

Keeping this growth in mind, it is evident that there will be an increase in the demand for cryptocurrency wallet development. If you’re looking for a FinTech software development company that has extensive knowledge in developing technology solutions for the banking and finance industry, feel free to reach out us atcontact@nimbleappgenie.com