What would you say if I told you I want to give you free money?
I’ll bet you’d think I was crazy, but you’d also accept.
It’s true you’re not often going to get something for nothing like this, but as you probably already know too, the cryptocurrency environment is quite different from our everyday traditional world. And in cryptocurrency circles, it’s actually pretty easy to get free money.
Continue reading Everything You Need to Know About Cryptocurrency Airdrops
The 2017 rise of the initial coin offering (ICO) enabled anyone with an entrepreneurial idea to create a token and invite people to invest in it. However, with cryptocurrency exchanges listing thousands of tokens, choosing where and when to invest often seems like an impossible task.
Masternodes have been around for quite some time, but have only recently begun to receive a good deal of attention. Masternodes, which are also known as bonded validator systems (we’ll stick with masternodes or MN), are servers that provide additional services for the blockchain that can’t be accomplished using Proof-of-Work.
There are a variety of different tokens or coins in the cryptocurrency ecosystem. Probably the most well-known are what are known as currency tokens, which act as a store of value and a means of payment. Bitcoin is the most well known of the currency type coins.
The second most used and known token type are the utility tokens. These differ from currency tokens in that they are used to grant holders access to the services or products in a particular network or platform. They are typically multi-functional and work as part of a blockchain. The most well known utility token by far is Ethereum.
Continue reading Dividend Tokens Explained: What are Dividend Tokens
Ethereum is the popular blockchain network that has been designed to allow any developer to code any decentralized application and launch it on the blockchain. Underlying the system is the use of tokens, also known as cryptocurrencies, which can be traded, bought and sold. The entire thing is powered by Ether, the native Ethereum token, and this token is used to pay for miner rewards, transaction fees and many other network services, such as powering smart contracts.
Monero has risen to be the top privacy coin in cryptocurrencies, with a market cap large enough to make it the #13 largest crypto by market cap as of early July 2018. One of the reasons it has risen so far is the highly engaged community of developers and users.
In addition to the privacy feature, many have been attracted to Monero because it is very user-friendly to miners. It remains as one of the coins that can be efficiently mined using the CPU or GPU on any computer. That means anyone can mine Monero, even without any special hardware. What makes Monero so user-friendly for mining is its consensus algorithm, which is currently Cryptonight v7.
While many cryptocurrencies were built on complete transparency, including the type that allows others to see who is sending and receiving the coins, there has been an increasing focus on true privacy and anonymity with cryptocurrencies.
One of the leaders in this privacy-centric space is the coin known as Dash. Dash has been around for some time, having been launched in 2014 as Darkcoin. In fact, the cryptocurrency’s whitepaper, co-authored by Evan Duffield and Daniel Diaz, describes it as “the first privacy-centric cryptographic currency” based on Nakamoto’s work with Bitcoin.
While Bitcoin requires advanced hardware to mine efficiently, Ethereum is still one of the better GPU mining algorithms out there. While several of the privacy focused coins like Monero are often more profitable, the Ethash algorithm used by Ethereum is also the driving algorithm behind other popular coins such as Ethereum Classic, Ubiq, Pirl, Metaverse, Musicoin, Ellaism and others that are forks of the original Ethereum code.
This guide will look into what’s needed for Ethereum (Ethash) mining, and will also delve into the coming ASIC Ethereum miners.
The cryptocurrencies that have sprung up over the past decade are world-changing, and it’s possible things are just getting started. There are new projects and coins springing up every day, while many of the oldest cryptocurrencies remain extremely valuable.
As traditional finance business begin to adopt cryptocurrencies they are only going to become increasingly stable, and many will also continue to increase in value.
Continue reading What’s the Best Bitcoin Mining Hardware in 2018?
Have you heard the term blockchain address, but aren’t sure what it is? A blockchain address is a key concept from blockchain technology and cryptocurrency adoption. In this guide you’ll get a better understanding of what these addresses are, how they get created, as well as learning some of the differences between addresses on different types of blockchains.
Continue reading What is a Blockchain Address: The Ultimate Guide
