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.
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.
Mining is one of the easiest and straightforward ways to earn cryptocurrencies. Unfortunately, with hashing difficulty growing by the year, it’s no longer possible to mine cryptocurrencies using ordinary computers. You need advanced kits dedicated to this work.
Crypto mining kits can be classified into three groups; CPUs (where it all began) GPU (next up) and finally the revered ASICS. If you’ve been hunting for the best hardware for crypto mining, you’ve come to the right place. The kits reviewed in this article can mine Bitcoin, Ethereum, Litecoin, Zcash and several other cryptocurrencies.
Let’s begin the countdown, shall we?
The cryptocurrency world can be so daunting for beginners to fathom. Currently, there are over 1500 cryptocurrencies in existence with countless articles about these printed on the web.
However, these articles don’t supply a novice trader with the relevant information to get started. If you’re thinking of becoming a trader, then the best choice would be to immerse yourself in one or several of the following cryptocurrency books.
Which are the best books to read before diving into cryptocurrency trading?
NEO has been a hot topic of discussion these days across various online platforms and community boards.
With this feature, NEO also enables the new platforms to have their own, customized tokens, which also go by the name of NEP-5.
Most cryptocurrencies since the introduction of Bitcoin have been designed to employ the proof of work consensus mechanism in order to prevent manipulation of financial records on their respective blockchains. The process requires cryptocurrency miners to compute a unique solution for a mathematical function, which is otherwise known as a cryptographic hash function. The computational effort undertaken by the miner is to ensure that all transactions within that block are legitimate.