Bluesky Sees User Surge in Brazil After X Ban
In a surprise move, decentralized microblogging platform Bluesky has experienced a significant surge in users from Brazil, following the country’s ban on Elon Musk’s social media platform X. According to a September 1 post on X, Bluesky Social – also known as Bsky – gained an impressive one million new users in just three days.
The sudden influx of users comes after a Brazilian Supreme Court justice ordered the suspension of X in the country on August 30. The decision was made after Musk refused to appoint a legal representative for the firm. Just a day later, a Bluesky developer reported a remarkable surge in daily app traffic, with new users flocking to register.
“For anyone interested in how it’s going with the Brazil migration to Bluesky, we’re consistently at 15x our normal daily peak traffic,” the developer stated.
Bluesky, a decentralized social media platform and public benefit corporation owned by Jay Graber, has seen significant growth since its launch in February 2024. Founded by Jack Dorsey in 2019, the platform has gained popularity for its commitment to decentralization and user privacy. With a reported user base of over 7.6 million in September, Bluesky is poised to become a major player in the social media landscape.
Best Crypto Wallets of September 2024
The crypto market is constantly evolving, and with it, the need for secure and reliable crypto wallets. In this article, we’ll explore the top crypto wallets of September 2024, considering factors like stability, security, and user experience.
Hot Wallets
A hot wallet is a digital wallet that is connected to the internet and allows users to store, send, and receive cryptocurrencies. Hot wallets are typically software-based and are accessible through a computer or mobile device. They are called “hot” because they are constantly connected to the internet, making them more vulnerable to hacking and cyber attacks
1. Coinbase Wallet: A user-friendly hot wallet supporting a wide range of cryptocurrencies, including bitcoin, Ethereum, and more.
2. Crypto.com DeFi Wallet: A popular hot wallet offering advanced features like staking and lending.
3. Exodus: A versatile hot wallet supporting over 100 cryptocurrencies and offering a built-in exchange.
Cold Wallets
A cold wallet is a physical device that stores cryptocurrencies offline, away from the internet. Cold wallets are typically hardware-based & (Hot wallets are software-based) and are not connected to the internet, making them more secure than hot wallets. They are called “cold” because they are not connected to the internet, reducing the risk of hacking and cyber attacks. It is also called OFFLINE WALLETS
1. Ledger: A highly secure cold wallet providing advanced features like password encryption and two-factor authentication.
2. Ellipal Titan: A user-friendly cold wallet offering a mobile app and supporting a wide range of cryptocurrencies.
3. SafePal: A secure cold wallet providing advanced features like biometric authentication and a built-in exchange.
Best Bitcoin Wallets
1. Coinbase Wallet Web3: A user-friendly hot wallet supporting bitcoin and other major cryptocurrencies.
2. Crypto.com DeFi Wallet: A popular hot wallet offering advanced features like staking and lending for bitcoin and other cryptocurrencies.
3. Electrum: A specialized bitcoin wallet offering advanced security features like password encryption and two-factor authentication.
Methodology
Our assessment considered seven key variables,Please follows the below mentioned Terms:
– Stablecoins
– Top cryptocurrencies
– Usability
– Customer service
– Costs and fees
– Security
– Additional features
Each wallet was scored and assessed based on these variables, and an overall rank was calculated.
Conclusion
Choosing the right crypto wallet is crucial for securing your cryptocurrency investments. By considering factors like stability, security, and user experience, you can find the best wallet for your needs. Remember to always prioritize security and do your research before making a decision.