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The main idea of a stable coin in itself is a big step towards a safe blockchain ecosystem. Currently, many new entrants who cannot afford the capital or volatile market buy these tether as a reserve and then use it later as the price is stable to the dollar. However there is no provision to mine the token which might not be a great idea, but to keep the tether valued at $1, it is the necessary step. Tether aims to represent a digital cryptographic value equivalent to Fiat currency, US Dollar to be exact. Tether token at the core is very much a cryptocurrency, with features such as the decentralized form of data storage and processing. However, what makes it distinct in comparison to mainstream cryptocurrencies such as Bitcoin and Ethereum is it centralized emission and the rate which is always kept at an equivalent to one dollar. In case of any third party wallet, there will be charges as set by the third party wallet system. A user still needs to pay a small amount over fiat deposition, usually 1 USD. The advantage of sharing money over the USDT network is that people won’t suffer any loss of fund due to market capitation as the value of USDT is fixed.Tam incelemeye bakın

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Zcash Complete review

Zcash is maybe the most popular blockchain network and coin that focuses mainly on the privacy and security aspects. Being built on the original Bitcoin base structure, this cryptocurrency handles one of the main issues with cryptos in general and offers its users the ability to keep their anonymity while selectively complying to auditing and regulations. Zcash was known under the project name Zerocoin. Matthew Green, Ian Miers along with many more who were at the Computer Science department of Johns Hopkins Univercity, are the team behind the Zero protocol and later on Zerocash protocol, which was an updated version allowing users to trade anonymously. Zooko Wilcox is the founder of the Zcash network and coin, but it isn’t known when he started collaborating with the team behind the protocol. Zcash is a peer-to-peer decentralized network that focuses on security and privacy of their transactions. Their current consensus protocol is Proof of Work and the hashing function is Equihash. This makes the network quite resistant to ASIC miners, but with time the ASIC developers found a way to create a superior machine. The current block reward is 12.5ZEC and every 4 years, or 840,000 blocks, the reward will be halved. Tam incelemeye bakın

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Nem ( XEM ) review

NEM offers is Namespaces and Mosaics. Namespaces are like unique named addresses that you can save for yourself where you can attach your assets. Mosaics are tokens that are used for fuelling that system. NEM project’s main goal is to have a blockchain for every type of industry, government or academia. Right from the moments of inception, the blockchain has been developed with two things as a focus – scale and speed. The unique blockchain technology it possesses delivers industry leading transaction rates for internal ledgers. On top of that, the revolutionary consensus protocol and the Supernode program ensure the growth and stability of the network. The NEM cryptocurrency was created back in 2015 on the 31st March. Its origins can be connected back to January 2014 and the whole code was written in Java instead of being a fork or a copy of an already existing blockchain. Unfortunately, there is no official road map for the NEM project as developers like to just give results without creating a roadmap for now. According to some of the analysts though, NEM can easily rise to the top 5 positions of the most valued cryptocurrencies in the near future. This is the reason why a lot of investors are looking out for this crypto coin and looking for opportunities. The team has announced that they will continue to work on a project for a private blockchain along with the Tech Bureau Corporation and finish their development of the blockchain engine code named Catapult. The NEM blockchain is a peer-to-peer decentralized network that uses an unique consensus mechanism called Proof of Importance (PoI). Unlike Bitcoin’s well-known Proof of Work consensus algorithm,Tam incelemeye bakın

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As Monero is a privacy-oriented cryptocurrency like many others, one could speculate that implementation of an upgrade like Lightning network is to be expected, but before it comes to that, the development team needs to do some key updates. Still, it looks like the team will be currently focusing mostly on the possibility of atomic swaps technology being added to the network, but unfortunately the Monero cryptocurrency will never support smart contracts since they disclose private information and just go against the ideals of the network. Monero is an open source blockchain platform that focuses on privacy and transactions being untraceable. This provides security and confidence for users on the network when it comes to the trading of their funds. The maximum supply of XMR is limited at 21 million, just like Bitcoin’s max supply, but there are regulations involved that will activate at a certain milestone. When the supply reaches around 18 million the halving of block rewards will stop at 0.3 XMR coins issued per minute. This is to keep the incentive for miners to remain active on the network as well as maintaining Monero’s value on the market. It is also one of the first networks to use bulletproof technology that reduces the transaction fees on the network. If within 6-12 months it doesn’t show any issues, it will be added as a Bitcoin-Improvement-Proposal (BIP) and voted on by the Bitcoin network for implementation. Tam incelemeye bakın

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Litecoin Review

Litecoin has a lot of amazing features, one of which is the Lightning network. It introduces an off-chain approach for small transactions which gives a solution to potential scalability issues. How it works is users open a payment channel between themselves and can transfer funds freely without miners. Transactions are recorded on a balance sheet which is signed by both parties after every movement of funds. When they are done, they can close the payment channel and feed the info to the blockchain. It will be counted as a single transaction, removing a lot of stress from the network. LTC is Atomic Swap compatible, which means that it can be exchanged for other currencies peer-to-peer without the need for a middleman like an exchange platform. One of the other notable features is that the Litecoin cryptocurrency has SegWit implemented in the network. This means that signatures necessary for transactions can be stored in a different block on the chain, in order to improve the scalability of the network. Tam incelemeye bakın

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In the face of the Electroneum coin, we see a unique and amazing blockchain with a max supply of 21,000,000,000 ETN coins, allowing its users to simulate mining through their mobile phone. Yes, you understood that correctly, all you need is an app, which is available for Android only. The application will allow you to simulate mining in the background, while your phone is on of course. The truth is that you don’t need any technical skills or knowledge to do it. In a manner of fact, Electroneum uses two decimal places which makes everything way more comprehensive and easier for quick calculations. Electroneum ICO started on the 14th of September 2017 and ended on the 23rd of October 2017. For that period, it successfully raised over 40 million USD. Officially the platform was launched on 31st of October 2017 and it is working ever-since. The team is hoping that in some time we will observe mass integration of cryptocurrencies in the modern world and then their platform will be used for merchandise. ETN’s blockchain is semi-centralized, but what does that mean? The miners are still in charge of creating blocks and validating them but the wallets, which must be downloaded from the Android Appstore, are connected to a web of full nodes which are owned by the development team, not by random users. Also, the wallet creation requires registration in their database which is not the exact definition of decentralization. The hashing algorithm is CryptoNight with Proof-of-Work (POW) consensus mechanism.Tam incelemeye bakın

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Dogecoin may be a personal favorite of many people. This entertainingly named DogeCoin features the image of a Shiba Inu breed dog as its logo, which gave it popularity online. The network has a few very unique features and in some cases is considered better than the goliath of the crypto sphere – Bitcoin. DogeCoin has no maximum supply limit and it uses the Proof of Work consensus mechanism. The original idea of this project was to create a way to incentivize or tip content creators for their creations. DogeCoin was designed to be a much more approachable and easier to use cryptocurrency that could give what users put off of the complexity of Bitcoin could not find anywhere else. It even was named after a popular internet meme. To be honest, the inception of the coin was meant to be humorous and there were no real future plans for development or development to bring something unique and groundbreaking to the crypto sphere. Even though there is no official roadmap or new features being developed, this coin still remains one of the most popular cryptocurrencies on the market. DogeCoin blockchain is a decentralized peer to peer network that is using the Proof of Work consensus mechanism and the Scrypt hashing algorithm. The last block reward halving happened in February 2018, which left the reward at 10 000 DOGE coins and will remain permanent forever.Tam incelemeye bakın

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Digibyte’s development is taking care to secure the infrastructure and provide as many as possible features to assist the anonymity and the decentralization of the network itself. The blockchain consists of 3 different layers separating processing from smart contracts and decentralized applications. Features like the cross-chain compatibility are something that is giving extra value to the coin, compared with others. It is a proof-of-work network with a max supply of 21 billion DGB coins. As a UTXO based p2p network, DGB coin is an innovative blockchain strongly oriented to the overall decentralization and providing high speed, proper network infrastructure, and decent security. The blockchain consists of 3 different layers responsible for different actions. App layer – Users can freely utilize application daily. Public ledger layer – It increases significantly the level of security of the whole platform. Global network layer – This one supports the infrastructure of the network and the operations. There are two types of nodes on the Digibyte coin network – Full nodes and Light nodes. Full nodes are the nodes supporting the network with its main activities by providing the whole blockchain as confirmation point for each miner and user on the network. Tam incelemeye bakın

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Decred review

Decred network is a hybrid blockchain that uses the Proof of Work and Proof of Stake consensus mechanism simultaneously. The main goal of the creators was to create a better version of the Bitcoin network after noticing that decision making in the BTC community became more and more centralized. The block rewards are divided between the miners, voters and dev team at a ratio of 60%:30%:10%. Decred is one of the most promising and rapidly growing cryptocurrencies boasting with great speed, ability to improve and connection to its community. The project was created as a result of the frustration of a group of Bitcoin developers with the increasing centralization of the BTC network. With the help of Alex Jacob-Pitt, they founded Company 0 and started developing Decred. Decred blockchain is a decentralized peer to peer network that uses both Proof of Work and Proof of Stake consensus mechanisms making it a hybrid network. It uses the Blake256 r14 hashing algorithm and splits the rewards 60% to the miners, 30% to the stakers and 10% goes in the development pool to finance future updates and additions. There are currently two types of nodes on the Decred network – Light nodes and Full Nodes. Full nodes are the validators of the system. They require a complete download of the blockchain transactional history in order to operate.Tam incelemeye bakın

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Coinone Review

Coinone is one of the leading Korean cryptocurrency exchanges. They have been around since 2014 and acts as an entry level service for locals. Additionally the company provides access to “Jikgu” payments (a term used for Koeran online shopping from other countries). The actual exchange platform is rather well-designed, which is probably one of the contributing factors to this venue’s popularity. At the time of writing of this review, they are only surpassed by Bithumb, in terms of BTC/KRW trading volume. If you are enthusiastic about blockchain technology, you should know a few things about them even if you don’t plan on trading with them. As you may know the trading activity on Korean exchanges has been relatively high in recent times and even determines the short term price swings.Tam incelemeye bakın

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Moshe BalB.

Novice Writer
1 seviyesi
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Haziran 17, 2019 'de katıldı