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Binance Coin (BNB) in a Nutshell
2018-11-03 02:39:01
Binance Coin (BNB) in a Nutshell
Binance Coin was created to be used for fees and other transactions within the Binance ecosystem. Since it is an Ethereum token, it can be traded at any Ethereum-compatible exchange. Because of Binance's popularity, BNB became a crypto asset on its own, being traded in high volumes even outside its intended environment in exchanges such as LBank, Exrates, P2PB2B, Trade Satoshi and others. Mineable? If so how is it mined? Binance Coin is a non-mineable cryptocurrency. In fact it's an Ethereum-bas...

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Basic AttentionToken BAT Cryptocurrency in a Nutshell
2018-11-03 02:21:15
Basic AttentionToken BAT Cryptocurrency in a Nutshell
  Mineable? If so how is it mined? Basic Attention Token is not mineable, since it is an Ethereum token. It is decentralized, transparent and digital ad exchange that is relying on the two core parts which are the Basic Attention Token or BAT and the Brave Browser. The Brave Browser is a unique browser which is an open source and privacy-focused project that blocks ads and trackers nativelly. At the same time Brave allows publishers to earn advertising revenue from visitors who use the bro...

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Is BAT (Basic Attention Token) token a ponzi scheme?
2018-11-03 02:11:11
Is BAT (Basic Attention Token) token a ponzi scheme?
If you've been following today's news, then you probably know that Coinbase Pro has just listed Basic Attention Token (BAT). While the price has nearly doubled in the past few weeks, BAT is raising eyebrows for a different, not so positive, reason. BAT Doggy? Basic Attention Token is is coming under intense scrutiny after its Coinbase debut. Some cryptocurrency experts, such as Francis Pouliot, who has tens of thousands of followers on Twitter, have explicitly called it a ponzi scheme: $BAT is a Pon...

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What are 1st, 2nd and 3rd generation cryptocurrencies?
2018-11-02 16:29:12
What are 1st, 2nd and 3rd generation cryptocurrencies?
Although the theoretical concepts behind cryptocurrencies existed prior to 2009, it was only in January of that year when Bitcoin registered its first transaction on a blockchain. This very first transaction was stored in a block which carried an interesting message encoded within it: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". The reference to the 2008 financial crisis is very meaningful in retrospect. Satoshi Nakamoto was making a subtle statement about currency, the ...

5
Understand Sponge Functions for cryptocurrency development
2018-11-02 16:12:59
Understand Sponge Functions for cryptocurrency development
If you've been following the development of IOTA and other cryptocurrencies, then you've probably heard the term "cryptographic sponge function", or simply sponge function. What exactly does it mean? In this article we attempt to give you a very simple explanation of how sponge functions work and what they accomplish, without getting too much into mathematics and cryptospeak. We only scratch the surface of the math notions needed to understand how sponge functions work. If you're an investor or ...

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Is your cryptocurrency at risk of a 51% attack?
2018-11-02 16:11:52
Is your cryptocurrency at risk of a 51% attack?
Half plus one attacks could theoretically happen to any Proof of Work based cryptocurrency. The amount of risk of such an attack happening depends on several factors, including the number of miners who participate in the network, the distribution of hashrate among the miners, the existence of unknown and exploitable security flaws and other factors. Decentralization is the key The number of miners who participate in a given PoW based cryptocurrency network, and the distribution of hashrate among them,...

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Dogecoin Cryptocurrency in a Nutshell
2018-11-02 01:39:07
Dogecoin Cryptocurrency in a Nutshell
Dogecoin is a cryptocurrency that started more or less as a joke in 2013. It quickly gained popularity in social networks, especially among younger cryptocurrency users. Today it ranks among the top 100 cryptocurrencies and still enjoys decent trading volume in the most popular exchanges. Mineable? If so how is it mined? Dogecoin is mineable  and uses the scrypt encryption algorithm. Mining Dogecoin can be performed via GPU but faster ASICs exist for scrypt. Maximum circulating coins Dogecoin ...

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Will Bitcoin lose its #1 market cap crown?
2018-11-01 22:37:54
Will Bitcoin lose its #1 market cap crown?
Ethereum has just overtaken Bitcoin! But, wait! We're not talking about market cap... As you've probably seen reported elsewhere, ETH now (Jun/2018) has more unique active addresses than Bitcoin. Is this a sign of something different looming in the horizon? Will Bitcoin end its 9 year reign as king of cryptocurrencies? Are there other cryptocurrencies which could threaten Bitcoin's crown with a flippening? The answer to most these questions is : the community will decide. Cryptocurrencies are al...

9
OmiseGO (OMG) in a Nutshell
2018-11-01 20:55:15
OmiseGO (OMG) in a Nutshell
Mineable? If so how is it mined? The OmiseGO (OMG) is a non-mineable cryptocurrency like Lisk, NEO, NEM, Ripple, EOS, Stratis, and Waves. Nevertheless, the OMG Proof of Stake system coins allows users to “mint” new coins. The amount you stake determines your OMG reward, which is an incentive for investors to HODL these coins. OmiseGO staking information is not final yet, but is under development. Maximum Circulating Coins Since the OmiseGO has a maximum circulating supply of $140,245,398, which means t...

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Does cloud mining make financial sense?
2018-11-01 13:06:41
Does cloud mining make financial sense?
Remember the Old West, when fools often bought maps to gold mines hoping for quick riches? Today, the basic question cowboys used to ask still makes sense: if the mine is full of gold, then why would they sell a map of it for a tiny or insignificant fraction of the wealth contained in it? How many maps did they sell and how many people were already there, if the mine really existed, mining all the gold? Intuitively, we could ask the same questions about cloud mining providers. If mining were pro...