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All in all, if you are looking for a cheap way to get coins and maintain them CoinCorner might not be for you. First, you need to complete the extensive verification process, which might take few days to be done completely. Next, deposit fees are quite high if GBP bank transfers are not used when withdrawing /depositing fiat money. The security is average while services are in line with the industry, without unique features that would distinguish the platform. CoinCorner’s wallet is like any other, easy to use but without any distinctive competitive advantage. The registration process requires a lot of personal details from the beginning, even if you wish to download the wallet n your phone or on the desktop. The verification is a must, thus the storage and usage of the coins are not private, as it is the case with Jaxx and Exodus CoinCorner supports only bitcoins at the moment, while other digital currencies are not available. The platform positions itself as bitcoin provider only, thus it can be fairly assumed that other coins will not be available in near future.Tam incelemeye bakın

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Tezos Review

Tezos helps proving the security status of all programs in the network through a bunch of formal mathematical verifications. The wanted result is reducing the bug amounts in the contract code. The relationship between the programming language OCaml and the formal contracts in Tezos led to several malicious acts like the Parity wallet hacks and the DAO job. Tezos is a new, smart contract decentralized platform that has some similarities with the one Ethereum relies on. What is more, it aims to establish one united digital society. The team behind this coin is aiming for administrating on-chain protocol updates. Tezos’ system targets smooth blockchain evolution without the need of hard forks appearance. By the way, hard fork means splitting the blockchain into two separate ones. Ever since the introduction of BTC and ETH to the digital world, all the upgrades were possible though that process. Tezos is here to make a difference. Its maximum supply of 763,306,930 XTZ coins is already reached and this cryptocurrency can be traded or staked. Tezos cryptocurrency is not mineable, so the coin holders can delegate PoS (proof of stake) indirectly. Tezos’ Proof of Stake implementation combines different concepts like Chain of Activity, Slasher and Proof of Burn to optimize the whole process of “baking”. In other words, instead of solving complicated puzzles, blocks are created by randomly picked tokens (Tezzies). Don’t get this wrong, you are not obliged to participate, just delegate your tokens to somebody else taking part in the bakingTam incelemeye bakın

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Ethereum Classic

Ethereum Classic is the result of the hard for of the original Ethereum network before the DAO attack, where a part of the users decided to stay with the longest chain. The most unique feature about it is that it offers great flexibility for users and a wide range of services. The network supports smart contracts and ETC is currently one of the most popular cryptocurrencies in the world with a market cap of nearly 1 billion USD. There is no maximum supply set as of this moment. Ethereum Classic came to be as a result from the hard fork of the original Ethereum network back in 2016. This was accomplished when a part of the community decided to not split and remain with the longest blockchain. Ethereum Classic’s blockchain is a decentralized peer-to-peer network that uses the Proof Of Work consensus algorithm. The miners on the network are rewarded after validating blocks and adding them to the chain. The rewards get reduced by 20% after every 5 million blocks that are verified. The reward per block was 5ETC and it dropped to the value it currently is – 4.2ETC. Next decrease in block reward is expected around April 2020 when the 10th millionth block would be mined. Tam incelemeye bakın

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Tron network Review

The TRON cryptocurrency is a very ambitious project that is very dedicated towards establishing a truly decentralized internet and online infrastructure. The main goal is to remove any need for a middle man in the entertainment-based businesses and bring the users directly to the content creators. With the use of the TRON protocol, they can deliver content directly to the audience and get paid for it. This is the vision of Tron, a vision of a streamlined entertainment industry with the help of decentralized blockchain technology. The total maximum supply of the native TRX coin is 100 billion. Yes, billions. Currently there are roughly 66 billion Tron coins in circulation, out of which, about 33 billion are frozen until 1st January 2021. The maximum supply is expected to be hit within 2 years. The TRON cryptocurrency and project in general faced a lot of criticism for plagiarism in early 2018 because in their whitepaper an open source code from Filecoin and iFPS with no citation was featured. CEO Justin Sun has responded to that allegation that it was just a mistake made by volunteer translations. The TRON blockchain is a decentralized peer-to-peer network using the Delegated Proof of Stake consensus protocol with Elected Super Representative (SR) that takes on important roles like block generation and transaction packing. They get rewarded with TRX for each block.Tam incelemeye bakın

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The main goal is the Stellar is to further improve upon the initial idea of a decentralized protocol for digital to fiat currency transfers across borders. Some of the major partners in this endeavor include large companies such as IBM, Deloitte, Stripe, and others. What makes the Stellar coin unique is the ability to facilitate transactions between any currency pairs while minimizing time and transfer costs. The coin’s units are called Lumens or XLM and their supply is currently at 104 billion with a 1% inflation per year. Stellar’s blockchain was initially based on that of Ripple. While it used Proof of Stake as a consensus algorithm, in late 2015 a new, proprietary protocol was introduced. Based on the work of Stanford professor David Mazières, SCP or Stellar Consensus Protocol was born. The network remains decentralized, with block times between 2 to 5 seconds. Having in mind, there’s no mining involved, XLM’s blockchain enables fast transactions, which allow for better interconnectivity between various entities around the globe. To process the transaction volume in Stellar’s network, control consensus and secure the network, having nodes is mandatory.Tam incelemeye bakın

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Bitcoin Gold

Bitcoin Gold

Bitcoin Gold is the second fork of the Bitcoin network appearing after Bitcoin Cash. The second fork of the cryptocurrency giant took place on 24th October 2017 at block height 491,407 giving birth to the BTG crypto coin. The new blockchain shares the transactional history of Bitcoin, so the same amount of your owned BTC will be given to you in BTG. The maximum supply of BTG is capped at 21 million just like Bitcoins with the same block rewards and cycles as its origin network. The prediction for the final BTG coin to be mined is at roughly 2140 year. After that, the only incentive for miners on the network will be the transaction fees within the blocks. The first and main goal of the development team is to make Bitcoin Gold increasingly more and more ASIC resistant. The algorithm it currently uses was designed in such a way that developing and manufacturing an ASIC for BTG would prove a very expensive and inefficient endeavor. Tam incelemeye bakın

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Bitcoin Cash

Bitcoin Cash

Tired of the scalability issues and SegWit implementation, a part of the BTC’s community decided to fork out in another direction creating another chain in the blocks and a new altcoin – BCH. It is a peer-to-peer electronic cash system with an increased block size of 32MB and a block time of 10 minutes. Unlike Bitcoin, BCH adjusts its difficulty every 600seconds or every block instead of once every 2016 blocks. The supply limit is 21 million BCH and currently, a decision has not been made regarding any subunits. Bitcoin Cash stands out mostly with its implementation of smart contracts. One of the well-known figures in the BCH network is Amaury Séchet, who is the founder of Bitcoin ABC. He developed the software necessary to run a full node in the BCH network to keep it functioning. Currently, BCH is one of the best Bitcoin forks on the market. Another fork is expected in November 2018 in which the groundwork for smart contracts will be implemented as well as an increase of the block size to 128MB. BCH relies on the blockchain open ledger technology to achieve fast transactions, security, immutability, and anonymity. The block size is currently 32MB and new blocks can be found roughly every 10 minutes. Miners still need to use the Proof of Work consensus method and hardware that’s compatible with the SHA-256 hashing algorithm.Tam incelemeye bakın

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Bitcoin Review

The blockchain technology of Bitcoin allowed it to become the first truly de-centralized peer-to-peer payment network. What makes the blockchain unique is that all transactions are stored in a public, tamper-proof database that is open for anyone to read without sacrificing anonymity. The network is run entirely by users, be that different types of nodes or miners, without 3rd party dependence. The driving force is validating blocks and thus confirming transactions. The hashing algorithm used in Bitcoin is SHA256 and the consensus protocol of the network is called Proof of Work. The way it works is that to receive a reward, miners need to run countless calculations to find an answer to the cryptographic puzzle Nodes are an integral part of any blockchain network. They store either a partial or full copy of the blockchain transaction history, depending on their role. All wallets that connect to the blockchain can be considered a node. In the Bitcoin network there are Light nodes and Full nodes: Light Nodes – To operate they download a part of the blockchain on the device and keep it updated. Light nodes serve no validation purposes Full Nodes – These are the most important ones for the network. To have a full node on the Bitcoin network, you will need to download the whole blockchain which is over 200GB currently. Full nodes are also called Full Validation Nodes. They are the ones that reach a final consensus on the validity of blocks from miners and thus allow the initiation of transactions Bitcoin cryptocurrency is accepted worldwide and some online shopping websites.Tam incelemeye bakın

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William BoazB.

Novice Writer
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Haziran 17, 2019 'de katıldı