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...
Basic Attention Token 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...
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...
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 ...
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 ...
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,Â and the distribution of hashrate among them,...
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 mineableÂ and uses the scrypt encryption algorithm.Â Mining Dogecoin can be performed via GPU but faster ASICs exist for scrypt. Maximum circulating coins Dogecoin ...
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...
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 Â“mintÂ” 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...
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...
November 13, 2018 11:27 AM
Crypto Theft at an All Time High: 2018â€™s Crypto Hacks Are Reported to Have Stolen Almost $1 Billion
In its quarterly Cryptocurrency Anti-Money Laundering Report, CipherTrace reported that almost $1 billion has been stolen or crypto hacked so far this year. CipherTrace, which was founded in 2015 by David Jevans, develops cryptocurrency Anti-Money Laundering, bitcoin forensics, and blockchain threat intelligence solutions. CipherTrace and its quarterly reports have become an authoritative data source which the industry continues to rely on.
November 13, 2018 10:08 AM
BRAVO Hybrid Consensus Protocol BHCP Technical Whitepaper Review
BRAVO started in 2014 and set out to revolutionise the tipping and anonymous payment industry with their seamless mobile payment application. In 2017, BRAVO was featured on ABC's SharkTank and got a deal with Mark Cuban & Lori Greiner. Since then, they have gained a significant amount of traction with tens of thousands of users and millions of dollars worth in transactions. BRAVOs plan to achieve global impact and grow outside of the United States is in the process of being realised, and even more so with the implementation of Blockchain and tokenization technologies to allow anonymous, secure and seamless transactions around the world; with minimal fees. BRAVO has a solution developed: Proven traction with Fiat version available since 2015 in the USA market.
November 13, 2018 3:07 AM
SBI Ripple Asia demoed MoneyTap, a real-time payments app powered by Ripple, at @sgfintechfest and discussed how it helps Japan go cashless.
November 13, 2018 2:32 AM
November 13, 2018 12:45 AM
Hong Kong-Based Bitcoin Mining Pool BTCC to Close Indefinitely
Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong.
November 12, 2018 6:57 PM
Marlin protocol, a new solution for scalability
Marlin, a startup that is working on a blockchain protocol to provide scaling solutions that also protect privacy, announces the launch of its first working product at the CAT Genesis Meetup in Moscow. After a series of successful simulations and a phase of extensive testing, in addition to presenting the product, Marlin also shares the roadmap and a whitepaper explaining the evolution of the project.
November 12, 2018 6:15 PM
BTC Mining coming under pressure: The relatively stable bitcoin prices have inflated the general cost of mining so is mining still a viable option?
Founded in June 2011 as BTC China, the company ranked as the worldâ€™s second-largest Bitcoin exchange by volume in October 2014. It enjoyed massive followership in China is the countryâ€™s first bitcoin exchange. The company benefited immensely from its first round of venture capital financing in 2013 which involved the participation of notable investors including LightSpeed China Partners and LightSpeed Venture Partners.
November 12, 2018 2:54 PM
Are Cryptocurrencies the True Future of the World's Economy?
Although some people say that cryptocurrencies represent the true future of the world economy, critics argue that no matter how significant they could be, they will always be confined to an internet phenomenon. The real-time exchange markets are still plagued by many issues that prevent them from truly competing with the traditional ones. Can the blockchain world still avoid the centralization danger by focusing on the agility of smart app-based technologies such as Qtum and cryptocurrency ATMs?
November 12, 2018 12:08 PM
Stalling Mass Adoption: Cryptoexchanges doing a mediocre job
It's important to highlight that exchanges occupy a central and vital role within crypto. As such, it is important to recognize and understand why they are important and how their impact can be felt right across the industry.
November 12, 2018 10:35 AM
Plasma isnâ€™t Dead. -- An Implementerâ€™s Rebuttal to CoinDeskâ€™s Claims
With confusion arising over the multitude of plasma implementations present in the Ethereum ecosystem today, we believe it is first important to step back and redefine Plasma for the uninformed reader.