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
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?
Continue reading The 16 Best Hardware Setups for Crypto Mining
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?
Continue reading 30 Books on Investing You Should Read Before Diving into Cryptocurrency Trading
NEO has been a hot topic of discussion these days across various online platforms and community boards.
Dubbed as the Chinese Ethereum, NEO is a development platform which facilitates the deployment of other networks through its own platform.
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.
Continue reading A Guide to Cryptographic Hash Functions: What is a Bitcoin Hash
Competition seems to be an integral part of any industry.
Whether it is between products, services, or the very providers behind them, it seems that the sense of rivalry is ubiquitous among any entities that are vying for the same stature in a respective segment.
Therefore, it is no surprise to read or hear arguments when it comes to cryptocurrency networks.
For instance, when it comes to development, people argue whether Ethereum will be killed by EOS; or when it comes to privacy based cryptocurrency transactions, whether Monero would be able to maintain its superiority over Zcash.
Bitcoin is often regarded as an anonymous cryptocurrency because it is possible to transmit and accept bitcoins without giving anyone your personally identifying information. While this is true, the current version of the protocol is not exactly anonymous.
When Bitcoin was first introduced in 2009, its creator Satoshi Nakamoto envisioned it to be a private and secure protocol for transfer of value over the Internet. Before 2014, the general public didn’t really understand how the blockchain technology operates; there was very little information on the Internet and the limited info that was available was usually catered to developers/cryptographers who already knew a lot about the technology.
While not well known or widely used, colored coins could very well be the beginning of Bitcoin 2.0 as they expand the utility of the Bitcoin blockchain. The colored coins are tokens that are representations of real world assets on the blockchain. You can use colored coins to prove ownership of any physical asset, from precious metals to cars to real estate, or equities and bonds. And they are extremely easy to issue.
The blockchain industry is growing at an exponential rate, mainly due to the security, transparency, and global access that the technology brings to the table.
Due to these benefits, while many use cases have been put forth for this sought after technology, its most apparent and primary utilization seems to relate to peer-to-peer transactions that make global payments easier than before.
However, it would not be incorrect to state that the current payment-based platforms leave a lot to be desired. The nuances relating to the sector also make it clear that there is a need for an effective solution for this segment.
Continue reading The Ultimate Guide to Request Network: Complete Review
We have all seen it happen with Bitcoin.
Bitcoin Cash, Bitcoin Gold, Bitcoin Atom, Bitcoin Dark… the list goes on and on when it comes to altcoins that are just another name for the original Bitcoin with a few new features added to the offering.
While Bitcoin and almost everyone in the cryptocurrency industry has grown to be accustomed of such developments to the point where they are not considered to be lurid anymore, other coins have not been as experienced in this forking front.
That is why when news broke of not one or two, but three new coins originating from Monero all at once, it did send a sense of wonder through the Monero and general cryptocurrency community.
Continue reading Monero vs ASICs New Coins That Came Out of the Hard Fork
