What Is Monero (XMR)  | An In-Depth Guide to the Privacy Coin What Is Monero (XMR) | An In-Depth Guide to the Privacy Coin
Monero, a fork of Bytecoin, is a secure, private and untraceable currency, built on the Cryptonote protocol. Monero uses ring signatures to anonymize the sender, ring confidential transactions (RCT) to hide the transaction amount, and stealth addresses to make the receiver incognito. Monero is difficult to develop with making real-world implementation tough. It also has large transactions and more mining centralization than other coins. Monero, a fork of Bytecoin, is a secure, private, and untraceable currency,built on the Cryptonote protocol using Ring Signatures. Proof of Work mechanism called CryptoNight issues new coins which incentivize miners to secure the network and validate transactions.Originally launched in April 2014 as BitMonero, Monero (symbol XMR), means money in Esperanto. This item was found by us on 2019-01-11 04:01:38. Share this content on social media: You may be interested in these cryptocurrencies : XMR. See coincentral.com for more.   Log In to Comment

S.Korea Crypto Hacking Victim Denied Compensation After Court Ruling S.Korea Crypto Hacking Victim Denied Compensation After Court Ruling
A South Korean court has exonerated crypto exchange, Bithumb, from any liabilities arising from an unauthorized intrusion that led to a customer losing thousands of dollars. According to a report that was first published by the Korea Economic Daily, a client named Ahn Park brought a lawsuit against the company citing remissness. The hacking incident occurred on November 20, 2017, and according to court documents, previously discovered exploits on the platform enabled the hackers to successfully carry out the heist. The customer argued that the network should have applied sufficient safeguards against similar attacks and so was liable for any losses that would occur in the event of a breach. This publication was found by us on 2019-01-08 09:08:47. Share this content on social media: Related crypto assets include KIN, KORE, ION. Visit coincentral.com for more similar content.   Log In to Comment

Algo Capital Launches $100M Fund for Algorand Projects Algo Capital Launches $100M Fund for Algorand Projects
Rolling out a $100 million fund in a bear market is a bold adventure, but from the looks of it, the Algo Capital team is excited to capitalize on the high potential of cryptocurrency and blockchain projects. Algo Capital, a blockchain-focused venture-capital group, will invest in emerging disruptors looking to build on the Algorand decentralized platform over the next ten years. Founded by MIT professor, cryptography pioneer, and Turing Award winner Silvio Micali, the Algorand protocol is looking to gain traction as a decentralized platform at a time when many platforms are taking market-related beatings. This piece was first seen by us on 2019-01-04 05:30:22. Share this content on social media: Related assets may include OST, ION. Browse coincentral.com for additional posts.   Log In to Comment

Haasbot - Is Automated Cryptocurrency Trading Worth It  - CoinCentral Haasbot - Is Automated Cryptocurrency Trading Worth It - CoinCentral
Haasbot is a trading bot that uses artificial intelligence (AI) algorithms to monitor the crypto markets and make trades automatically. The principle is that the crypto market never sleeps, and we'll assume that you do, even during the last few nightmarish weeks of price drops. So while you're asleep, the trading bot will keep things ticking over for you, buying and selling according to the parameters you set for it. So is Haasbot worth it Here, we take an in-depth look at the tool so you can make up your mind if its a worthwhile investment for managing your trading activities. Well, the overnight trading element is only one part of it. The AI algorithm of a bot can analyze market trends far more quickly than a human working manually, especially in the high-speed, high-stakes world of cryptocurrency trading. It can then execute trades on your behalf, also more rapidly than any mere human. For any trader, both of these reasons can be a huge bonus, as it's stressful and time-consuming to be on constant alert for market movements. This post was retrieved by us on 2018-12-24 08:59:20. Share this content on social media: You may be interested in these cryptocurrencies : INCNT. Browse coincentral.com for more.   Log In to Comment

How Cryptographic Algorithms and Hashing Secure Blockchains - CoinCentral How Cryptographic Algorithms and Hashing Secure Blockchains - CoinCentral
Distributed computing, mechanism design,and cryptography algorithms form the holy trinity of blockchain technology. Distributed computing utilizes a decentralized network of computers and existed before blockchains in the form of torrenting networks. However, torrenting sites had no means of governing the behavior of participants, which is where mechanism design enters into blockchain. It provides the incentive for network participants to work for the good of the network. Cryptography is what serves as security for protecting those incentives. The seminal Bitcoin white paper explained how these three scientific principles could play together to form a secure, peer-to-peer exchange of value that would eliminate the need for a third party in financial transactions. This post was first seen by us on 2018-12-24 08:59:12. Share this content on social media: You may be interested in these cryptocurrencies : INCNT. Browse coincentral.com for more similar content.   Log In to Comment

What s a Sybil Attack & How Do Blockchains Mitigate Them  - CoinCentral What s a Sybil Attack & How Do Blockchains Mitigate Them - CoinCentral
A Sybil attack is an attempt to control a peer network by creating multiple fake identities. To outside observers, these fake identities appear to be unique users. However, behind the scenes, a single entity controls many identities at once. As a result, that entity can influence the network through additional voting power in a democratic network, or echo chamber messaging in a social network. The United States recent trouble with Russian election influence via fake accounts on social media is an easy-to-understand example of a pseudo-Sybil attack. Although the fake accounts and bots didn't hack into Facebook or Twitter, they still used multiple identities to influence the entire network. Because Sybil attacks are so subversive and easy to conceal, it can be difficult to tell when a single entity controls many accounts. Indeed, Facebook didn't even realize the extent of fake accounts on their platform until internal investigations months after much of the damage was already done. This share was retrieved by us on 2018-12-24 08:58:50. Share this content on social media: Related crypto assets may include INCNT. Check out coincentral.com for complete listings from this source.   Log In to Comment

How to Get a Loan in BTC: What You Need to Know | CoinCentral How to Get a Loan in BTC: What You Need to Know | CoinCentral
Loans: Some people need them. Some people make them. And, up until recently, all bank and P2P loans were transacted in fiat currency. But one big question for Bitcoin aficionados has been: how to get a loan in BTC?. Is a loan in Bitcoin feasible for you Does it make financial sense for you How/where can you get a loan in Bitcoin Follow along and you'll learn the basics right here. Before you learn how to get a loan in BTC first ask yourself some hard questions: Banks and other fiat-based lenders use your credit score, annual income, debt load, etc. to determine if you're an acceptable credit risk. Your loan interest rate will be determined by those metrics. For example, US-based Lightstream.com may grant you a 24-month, $10,000 home improvement loan at a rate of 4.99 to 12.24%. A PreK-12 education loan comes with an interest rate range of 6.24 to 13.69%. There are no loan origination fees. This data was obtained by us on 2018-12-24 08:58:29. Share this content on social media: These assets may interest you KNOW, INCNT. See coincentral.com for more similar content.   Log In to Comment

How to Mine IOTA Without Installing a Full Node - CoinCentral How to Mine IOTA Without Installing a Full Node - CoinCentral
Learning how to mine IOTA takes a little research and patience. This is because the cryptocurrency is unique in many aspects. Unlike most cryptocurrencies, IOTA doesn't utilize a blockchain network or require miners to validate transactions. Additionally, you never pay transaction fees. All of these factors and more make IOTA an attractive option for cryptocurrency investors and miners alike. The only problem is that it takes some effort to learn how to mine IOTA without dedicating your entire PC. IOTA officially entered the crypto space in 2015. The project's director is the IOTA Foundation. This non-profit organization is responsible for the continual development of the network, including forming strategic partnerships. To date, the company has created partnerships with some of the largest firms in the world including Fujitsu, Samsung, Bosch, and Volkswagen. This data was first seen by us on 2018-12-24 08:58:24. Share this content on social media: Mentioned cryptocurrencies include MIOTA, INCNT. You may want to visit coincentral.com for additional posts.   Log In to Comment

Are USB ASIC Miner Devices Profitable  - CoinCentral Are USB ASIC Miner Devices Profitable - CoinCentral
In this article, we look at some of the top USB ASIC miner devices on the market as well as explain the advantages and disadvantages of using a USB ASIC miner versus traditional mining hardware. Finally, we try to assess whether or not the profits justify the costs of buying one of these devices. Before getting started, it's important to ask yourself, Why should I buy a USB ASIC miner Depending on your purpose, the disadvantages can vastly outweigh the advantages. Even an average-quality ASIC mining rigcan cost a few hundred dollars. A high-quality ASIC rig could cost over $3,000. In comparison, a USB ASIC miner costs less than $50 in most cases. There are some units like the 21 Bitcoin Computer that cost $150, which can technically be classified as a USB miner, but these are on the high end. This posting was first found by us on 2018-12-24 08:58:16. Share this content on social media: Related crypto assets include ABLX, INCNT. See coincentral.com for more from this source.   Log In to Comment

What Are X11 Coins  Specialized Mining and the Blockchain Battlefield What Are X11 Coins Specialized Mining and the Blockchain Battlefield
X11 coins such asDash, Checkcoin, and CannabisCoin have been proliferating alongside other competing cryptographic algorithms. As an alternative to more popular hashing algorithms, like Bitcoins SHA256 or Moneros CryptoNight, the X11 algorithm was developed by Evan Duffield to curb the impending threat of application-specific integrated circuits, better known as ASICs. In a nutshell, ASIC miners are seen as a threat to the mining ecosystem and are heavily criticized for centralizing the hashing power of blockchains. ASIC chips are particularly threatening to decentralization because they are resource-intensive and limit mass participation in mining. A typical single ASIC chip will exceed the next best performing GPU by double-digit multiples. This publication was found by us on 2018-12-24 08:57:57. Share this content on social media: See coincentral.com for more from this source.   Log In to Comment


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