ELI5 VTC Vertcoin ELI5 VTC Vertcoin
Mineable? If so how is it mined? The first thing needed for VertCoin is a Wallet. This is needed to store, send, and receive the user’s coins or the private keys on the user’s computer or mobile device. Vertcoin Core Wallet is recommended. When the user is setting up the wallet, it will generate a receiving address. The addresses will be used to receive the VTC. VertCoin is purchased with bitcoin on the exchanges such as Bittrex, Polonies, BiteBit, Bittylicious, Juby, YoBit, or Bleutrade. VertCoin is m... This entry was retrieved by us on 2018-11-08 19:25:06.

ELI5 Syscoin (SYS) Cryptocurrency ELI5 Syscoin (SYS) Cryptocurrency
Mineable? If so how is it mined? Syscoin (SYS) is a mineable proof of work (PoW) based alternative cryptocurrency. Normally, this coin can only be mined profitably by means of specialized mining hardware (ASICs or Application Specific Integrated Circuit). Maximum Circulating Coins The Syscoin has a total maximum supply coin of 888,000,000 wherein there is only a 531,415,000 SYS maximum circulating coins. History Originally, the Syscoin was developed in March 2014 and it was publicly announced on April ... This data was obtained by us on 2018-11-08 19:24:37.

ELI5 SALTCryptocurrency ELI5 SALTCryptocurrency
Mineable? If so how is it mined? SALT cryptocurrency is not mineable. It is a simple application that quickly delivers approval. The cash that is loaned will get deposited in the designated bank account right away and even no effort on the part of the user. The process of loaning is consists of four steps: Loan creation. The borrow will set up a membership account and then forward his collateral to SALT Oracle Wallet which is a wallet that is a multi-signature blockchain that functions as a repos... This piece was found by us on 2018-11-08 19:24:02.

ELI5 REQ (Request Network)Cryptocurrency ELI5 REQ (Request Network)Cryptocurrency
Mineable? If so how is it mined? Request Network is a decentralized network for payment request. Through REQ, recipient can pay in a fast, secure and cost efficient way. It uses blockchain technology to encrypt and process the transactions made by the users. In addition, REQ is not a mineable cryptocurrency. But you can obtain it if you purchase Bitcoin, Ethereum or any other cryptocurrencies that is available for exchanges in the Coinbase. Afterwards, you can now exchange it for REQ (Request Network). M... This entry was retrieved by us on 2018-11-08 19:23:45.

ELI5 Ethereum ELI5 Ethereum
Whitepaper from 2013 published by Vitalik Buterin Released in 2015 Mineable via Proof of Work Mining or Minting algorithm: Keccak (SHA-3) Maximum / Circulating Coins: Uncapped / Current supply 97,017,191.75 (Dec 13, 2017). History Ethereum was released in 2015 as a second generation cryptocurrency. It added a powerful smart contract language with binary code stored in the blockchain along with transactions. This language, Solidity, allows for the development of smart contracts, which are sel... This share was retrieved by us on 2018-11-08 19:23:01.

ELI5 Atomic Swaps ELI5 Atomic Swaps
Atomic swaps provide a way for two cryptocurrencies to be exchanged using one blockchain and without a trusted 3rd party involved. In computer lingo, "atomic" means something that either happens fully or does not happen at all. An "atomic swap", therefore, is a cryptocurrency swap operation that either completes successfully or everything is rolled back and money is returned to both parties. Implementation An atomic swap can be implemented using a smart contract. This contract would be activated ... This share was retrieved by us on 2018-11-08 19:21:40.

ELI5 Cryptocurrency Sharding ELI5 Cryptocurrency Sharding
If you come from the world of IT, then you've probably heard of database or disk data sharding. For those who don't come from IT, a real simple way to put it is that sharding means to divide the data and the work into chunks (shards). When you split the work, different agents (people, computers or even different processes within a single computer) take care of one or more of those pieces simultaneously. tl;dr; Sharding is about distributing something into smaller pieces that need to be processed by m... This item was obtained by us on 2018-11-08 18:00:21.

ARDR (Ardor)Cryptocurrency in a Nutshell ARDR (Ardor)Cryptocurrency in a Nutshell
Mineable? If so how is it mined? ARDR or Ardor Cryptocurrency is non-mineable directly but there’s a way to make it mineable. Since the Ardor is working out with the NXT it is great that NXT could be used to mine ARDR in the future. However, before performing any steps, the user must ensure a stable as well as high bandwidth internet connection along with high-end computer hardware capable of supporting the mining process. In order for the user to mine an Ardor coin on a PC, the user must first purchase ... This post was found by us on 2018-11-08 11:40:28.

Binance Coin (BNB) in a Nutshell 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... This share was obtained by us on 2018-11-03 02:39:01.

What are 1st, 2nd and 3rd generation cryptocurrencies 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 ... This article was discovered by us on 2018-11-02 16:29:12.