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Neo project review.

Neo is a non-profit community driven blockchain project that utilizes smart contracts and digital identity technology to manage digital assets. It uses a distributed network with the aim to create a Smart Economy. The maximum supply is 100 million NEO coins with 65 million currently in circulation. The maximum supply is expected to be reached within 4 years. The development resources were provided by the founder Da Hongfei and Erik Zhang, which later founded Onchain to provide the blockchain with consulting services. NEO holds a lot of potential and because of this it is a great investment option when compared to other cryptocurrencies. This whole year has been great for the NEO network. NEO blockchain is a decentralized peer-to-peer network that is community driven. The consensus mechanism that it uses is called delegated Byzantine Fault Tolerance (dBFT), which can support up to 10,000 transactions per second. In order to achieve such lightning fast consensus, book keeping nodes are selected in a random manner to validate transactions based on overlapping networks of trust in a similar manner to Stellar. Systems that adopt dBFT cannot fork into two separate chains as the network relies on a 2 out of 3 majority rule to operate.Tam incelemeye bakın

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IOTA review

IOTA intends to become the standard way of transactions between internet-connected devices in the future. One of the most unique features is that it doesn’t even have a blockchain. IOTA is a distributed ledger that uses the Directed Acyclic Graph (DAG) technology or also called Tangle. The IOTA network gives its users the ability to trade data in a marketplace between themselves. This is an amazing concept that could benefit research and development of different products or technologies that need quality data to operate. One the them being advanced machine learning and AI cannot be successful without large quantities of accurate data. IOTA does not have a blockchain. It is the first open source distributed ledger made to power the future with feeless microtransactions and high data security. Since IOTA does not operate with a blockchain, mining for this currency is out of the picture. The ways you can obtain this crypto coin is either by buying from exchanges. Tam incelemeye bakın

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EOS coin review

EOS has only recently evolved into a cryptocurrency, after being an ERC-20 token. It was developed to serve as a platform for smart contracts, launching de-centralized apps (dApps) and hosting decentralized storage for enterprise solutions. The aim was to provide feeless transactions and higher throughput. Coin supply is currently limited to roughly 1 billion (increasing by 5%/yearly or as voted by the community) and circulating supply is at 906 million. EOS was first envisioned as a competitor to Ethereum by Brendan Blumer and Daniel Larimer, the founders of the company They launched the first test net back in September 2017. To build up a user base, ERC-20 tokens were released as an ICO on the 31st of January 2018 The blockchain technology underlying EOS’s ecosystem is decentralized with development efforts concentrated in-house by the block one company. The primary benefit of this system is that users can expect frequent updates and continuous improvement without worrying about meddling in the blockchain itself. The consensus algorithm used is a modified PoS version. It is called Delegated Proof of Stake with an added Byzantine Fault Tolerance. By using this method, the problem of scalability is solved at the cost of having fewer verification nodes. Tam incelemeye bakın

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Dashcoin review

The purpose of dashcoin development was to improve upon the original blockchain and provide faster and safer transactions. Suffice to say, it succeeded in doing so and is now one of the top 12 cryptocurrencies. Users can make use of untraceable, instant transfers and a practically unhackable network. The smallest unit in Dash is 1 millionth of the coin and total supply is limited to 19 million – expected to be reached in the year 2254. Dashcoin’s origin can be traced to Evan Duffield back in January 2014. It began its life under the name Xcoin, later rebranded to Darkcoin and finally became what we now know as Dash – short for Digital Cash. Currently, the team consists of more than 50 developers, all funded by the network itself. Operating as a Decentralized Autonomous Organization (DAO), 10% of each block reward is transferred into a fund used for further improving the project. Dash is an improvement of Bitcoin’s blockchain, it still uses Proof of Work as a consensus protocol for confirming mined blocks, based on the X11 hashing algorithm. Block time is roughly 2.6 minutes, the size – 2MB and the reward 1.67 Dash coins.Tam incelemeye bakın

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Cardano review

Cardano offer hosting of dApps and running smart contracts similar to Ethereum, it has further improved upon the concept as it splits the computational and accounting parts of the ledger into different layers. Additionally, the base code is prepared for future upgrades, while keeping the integrity of the network. Coin supply is limited to 45 billion, expected to be reached in the year 2042. The blockchain of Cardano is an ongoing development project with the help of countless great minds from and outside the cryptocurrency sphere. The most unique feature is as previously mentioned, the splitting in different tiers of accounting and computation. Thus, upgrading via soft or hard fork is easily done, without damage to the community. While there’s been a shameless borrowing of ideas from other cryptos, the end goal is to deliver an all-around great product. The Cardano project is an ever-evolving one. Currently in a somewhat initial phase, the focus of developers is ironing out of bugs and improving the capacity for future integration through APIs and third parties. Tam incelemeye bakın

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Bytecoin review

Bytecoin is the first ever blockchain to implement the CryptoNote algorithm. It is designed to substantially increase the security of the cryptocurrency. The network also has some interesting privacy features. While it still uses public and private addresses, just like other networks, but the public keys are grouped in such a way, that no one can accurately tell from where the transaction originated. Bytecoin is a quite controversial project and cryptocurrency. Even though the community doesn’t approve fully of the project and negative history surrounding the anonymous founder, it is still in the top 40 crypto coins in the world. In the earlier stages of the project after launch, the identities of the team members were hidden. Due to the increasing skepticism and mistrust from the community, they decided to go public and share the names and structures of some of their departments Bytecoin is a decentralized peer to peer network using the Proof of Work consensus mechanism and the CryptoNight hashing function. It offers great security and privacy features as well as an automated network difficulty adjustment that is triggered at every block. Currently, on the Bytecoin cryptocurrency network, there are two types of nodes – full nodes and light nodes. Full nodes are responsible for keeping a complete copy of the blockchain transaction history and distributing it among other nodes. Light nodes are the mobile wallets that do not require the full blockchain to operate as they rely on the full nodes. Unfortunately, due to the popularity and sheer size of the Bytecoin network, it was a target for 51% attacks a few times in its past and mid-2018 when there was a spike in active users on the network, deposits, and withdrawals of exchanges had to be stopped in order to protect themselves. Tam incelemeye bakın

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Bert HarperH.

Novice Writer
1 seviyesi
6 inceleme
5 karma


Haziran 17, 2019 'de katıldı