Cryptocurrency Consensus Algorithms Bible: Everything you Need to Know

Stefan Stankovic Stefan Stankovic

In this article we’ll dive deep into the what, why, and how of consensus algorithms – the most overlooked component of every successful cryptocurrency.

First off, we will take a look at the Byzantine Generals’ Problem as one of the major issues a distributed network must overcome to function properly, and then we will move on to some of the most widely used consensus algorithms and look at the way they work in greater detail.

While this isn’t exactly a casual read, we promise all cryptocurrency enthusiasts (newbies and experts alike) that there’s valuable information ahead that will surely broaden your understandings on the subject.

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A Complete Coincheck Review

Steve Walters Steve Walters

Coincheck is a Japan based cryptocurrency exchange that was launched in 2014 by Koichiro Wada, who remains the company’s CEO, and Yusuke Otsuka. In addition to being one of Japan’s largest cryptocurrency exchanges, Coincheck is also involved in both lending and payments business.

Coincheck was Japan’s largest cryptocurrency exchange in 2017 based on spot trading data from jpbitcoin.com data posted on Coincheck’s own website. According to a similarweb.com survey they were second largest through the third quarter of 2017.

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BitMEX for Beginners: Complete Review

Steve Walters Steve Walters

BitMEX, which means Bitcoin Mercantile Exchange and has nothing to do with Mexico, is a cryptocurrency derivatives trading platform that was founded in 2014 by three former investment bankers – Arthur Hayes, Samuel Reed, and Ben Dolo. BitMEX operates out of Hong Kong, but is registered as a company in the Seychelles. It shows up as the largest Bitcoin Exchange on Coinmarketcap.com, with a daily trading volume of nearly $3 billion, although this is somewhat deceptive as the exchange actually deals with derivatives, and no actual cryptocurrencies are exchanged when trading with BitMEX.

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Beginner’s Guide to Coinsquare: Complete Review

Steve Walters Steve Walters

Coinsquare is an interesting exchange in several ways. First of all, it was a one-man show for a very long time. That’s right, it was bootstrapped and was run totally by one Virgile Rostand, who is well known in Canadian crypto circles. Despite that it is one of the leading Canadian cryptocurrency exchanges. That’s no longer the case however, and Coinsquare has been aggressively hiring and expanding its teak, with a particular emphasis on high-net worth individuals.

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xCoins for Beginners: Complete Review

Steve Walters Steve Walters

xCoins is a cryptocurrency exchange, but it isn’t like any exchange you’ve encountered before, I’m pretty sure of that. For starters, you can use Paypal with xCoins, which is pretty rare in itself. Secondly, it’s a peer-to-peer marketplace, which isn’t too unusual, but this marketplace is focused on connecting Bitcoin lenders with Bitcoin borrowers. You read that correctly. The xCoins exchange is for lending and borrowing Bitcoin.

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Beginner’s Guide to BitQuick: Complete Review

Steve Walters Steve Walters

Those who prefer some privacy, yes even anonymity when buying Bitcoin should be aware of the BitQuick exchange. BitQuick is a simple peer-to-peer Bitcoin marketplace owned by the same company as the Athena Bitcoin ATM network. As you can probably guess, this company has a high regard for anonymity in cryptocurrency purchases and sales. Just like you can go to a Bitcoin ATM and anonymously buy Bitcoin, you can also go online and anonymously purchase Bitcoin through the BitQuick marketplace.

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Beginner’s Guide to Bit-Z: Complete Review

Steve Walters Steve Walters

Bit-Z is a Hong Kong based cryptocurrency exchange that was founded in 2016. It is regularly in the top ten exchanges by volume, with roughly $200 million in trading volume daily, and in addition to its digital asset trading, it also provides over-the-counter (OTC) assets. The leadership at Bit-Z is surprisingly diverse. Unlike most other cryptocurrency exchanges, the management team comes not just from crypto, but also from the finance, gaming, social networking and ecommerce industries.

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Blockchain Week Got – Lambos, Snoop Dogg & Jack Dorsey

Priyeshu Garg Priyeshu Garg

After the persistent lull around Bitcoin through 2018 to date, a New York event is trumpeting cryptocurrency again in a manner reminiscent of December 2017. Although the Bitcoin price still far from its heyday at just under $20,000, celebrity Bitcoin is but one aspect of a cryptosphere event like Blockchain Week.

A three-day blockchain bonanza started on May 10, 2018 and attendees can expect to see young technology enthusiasts debating the future of digital currencies with some big names in fintech. Startups will also be pitching their concepts to anyone who passes by. The New York City Economic Development Corporation is a principal partner in Blockchain Week, launched as a showcase that presents the city as a great destination for blockchain companies. A concurrent job fair has been scheduled for May 16, 2018.

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National Cryptocurrencies – The end of Financial Privacy

Stefan Stankovic Stefan Stankovic

National cryptocurrencies are slowly creeping their way into our lives. At present, Venezuela is the only country with a “functioning” national cryptocurrency as legal tender, but this only the beginning of a newly emerging trend. Russia, China, Estonia, Iran, and Turkey are just a few of the countries that have made their intentions of creating a national cryptocurrency public.

There’s no doubt that digitalization of money is inevitable. In fact, about 92% of all the money in the world exist in digital form, and digital payments are slowly replacing cash payments. Countries like Norway, Sweden, and Denmark are already planning to stop using cash altogether.

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Beginner’s Guide to CoinOne: Complete Review

Steve Walters Steve Walters

Coinone is a South Korean cryptocurrency exchange, and was established in 2014 by founder and current CEO Myunghun Cha. The site was officially launched in 2015, and while it was once one of the top 10 global exchanges, it is currently ranked #41 in trading volume. While crpytocurrencies continue to increase in visibility and popularity, especially in South Korea, the rise of so many new and innovative exchanges has cut into the Coinone trading volume.

Previously Coinone was also the second largest South Korean exchange, with only Bithumb topping it, but the new Upbit exchange also has more trading volume now, putting Coinone solidly into the third position among South Korean exchanges. As of May 2018 Coinone has roughly $50 million in daily trading volume, but Upbit sees over $500 million exchanged daily, while Bithumb is nearly $750 million in daily trade volume.

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