All posts by Thomas_Prendergast

“Can’t Infer Every Organization Will Use Ethereum Blockchain”

“Can’t Infer Every Organization Will
Use Ethereum Blockchain”:

Agrello Chief Scientist

    

Agrello is designed to be a cross-organizational network.

It calls itself blockchain-agnostic.  “You can’t simply infer by default that every organization will use Ethereum blockchain,” says Agrello Chief Scientist Alex Norta. “Some organization might prefer to use Quantum, Lisk or a variety of other such platforms.” Some even take Ethereum and make it their own. Agrello therefore seeks to place legal systems on a blockchain (or multiple blockchains), and has adapted a multi-blockchain approach to legally-binding smart contracts. With that said, the company announced last week it would ‘homestead’ – that is, primarily build upon – the Ethereum blockchain system.

But, Agrello doesn’t believe blockchain can do such heavy lifting on its own, pledging to integrate artificial intelligence with the blockchain technology pioneered by Ethereum. Belief-desire-intention (BDI) software enables AI agents to prioritize action. Agrello contends this is the only way to make smart contracts work. By fusing the world’s of artificial intelligence and blockchain, Estonia-based Agrello strives to deploy a distributed platform the legal system. While the platform has announced compatibility with multiple blockchains – including Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum Classic, and NEM – its developers announced last week it would develop its fundamental prototype on Ethereum.

Agrello’s platform could enable everyday users to create their own legally-binding agreements on a blockchain through smart contract agreements. Central to its design is the automation of resource allocation in its multi-blockchain system, according to the blog post by the company announcing the Ethereum focus. Smart contracts, the Ethereum-technology explored by blockchain consortiums, has heretofore been inaccessible to the everyday user, the company contends. Especially when it comes to an official use such as the legal industry. Agrello is determined to create ‘plain English’ smart contracts. That Agrello’s system includes a “graphical interface”, says the company’s Lead Engineer, Alex Norta, will make smart contracts easy to assemble.

It’s easy to see why Agrello would incorporate the Ethereum blockchain. Having been experimented upon by multinational technology firms and financial institutions, developers flocked to Ethereum quicker than any other blockchain format, including Bitcoin. “Operating at the intersection of the legal system, financial institutions and disruptive technologies, Agrello is highly dependent on the establishment of good industrial relationships with the off-chain world,” wrote Hando Rand, Agrello Chief Executive Officer, in the company’s blog post. “We regard the work done by the Ethereum foundation on this matter as invaluable, and seek to be an active player in the field, lending our hand to promote this effort even further.”

Rand added in the blog: “Agrello employs Artificial Intelligence modules, graphical interfaces, and text-to-code compilers, which will naturally have to operate off-chain,” writes “The function of the blockchain in the Agrello system is mainly as a record-securing device. Proofs of performed obligations, hashes describing Agrello smart agreements, and logs of activity are stored and time-stamped on the blockchain, providing the immutability the Agrello system demands, while the rest of the system can securely run on the client side.”

Agrello’s plan is to make its smart contract technology courtroom ready. “Once we feel comfortable, that our technology can provide for what I explained before, we are also looking to play this through in several courts around the world to already create a precedent, so that our users find it easier to use our contracts in court themselves,” Hando Rand told Crypto Coins News. “We are heading the route that all people doing the contracts have gone through identity verification, which is revealed in a sufficient manner to the opposing contract party.” Despite a dedication to development on Ethereum, Agrello will still develop features for Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum, Classic and NEM. The advantages of each one of the systems are different.

Metaverse highlights its Digital identity functions. Antshares highlights anti-money laundering and know your customer advantages. Lisk highlights blockchain application and sidechains. Qtum highlights its mobile functionality for business. Rootstock (Rsk) highlights its security by merge mining. Nem underscores its API Access, built-in Multisig, a unique Proof-of-Importance (POI) algorithm. Ethereum is known for decentralized applications and smart contracts. With diverse platforms to choose from, Agrello’s announcement of its homestead as Ethereum, hints that Ethereum is continuing to attract developer talent among other cryptographic assets. By homesteading on Ethereum, furthermore, Agrello will be able to issue an ERC-20 token.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Is Ethereum Set to Become the #1 Cryptocurrency?

The Flippening:
Is Ethereum Set to Become
the #1 Cryptocurrency?

 

    

Dubbed “The Flippening” by cryptocurrency enthusiasts,

the scenario in which Ethereum surpasses Bitcoin and becomes the number one cryptocurrency has been setting the community abuzz, as it seems it’s only a matter of time before the people’s money becomes number two. Ethereum’s Ether token was worth about $8 in early January, and has surged almost 5,000% this year to reach a $412 all-time high, according to data from CoinMarketCap. Bitcoin, on the other hand, started 2017 at around $960 per coin, and has recently been flirting with the $3,000 mark, before dropping over 10% of its value. Earlier this year, Bitcoin’s dominance was above 80%, but over time Ethereum and other altcoins have been growing at an incredible pace – so much so there are now 7 cryptocurrencies with a market cap above $1 billion. At the time of press, bitcoin’s dominance is at 40.48%, while Ethereum has already gotten to 31.87%.

Ethereum’s incredible surge has been fueled by various factors. Among them, the increasing popularity of Initial Coin Offerings (ICOs) such as that of Brave browser’s Basic Attention Token (BAT), and the success of the Ethereum Enterprise Alliance’s adoption by various Fortune 500 companies, among others. Right now, Ethereum’s total market cap is of $35.53 billion, while Bitcoin’s is at $44.74 billion – less than $10 billion separate the two cryptocurrencies. This is still a huge gap but, as Bruce Fenton put it on Twitter:

“The Flippening is Nigh”

One of the top threads on the r/btc subreddit states that “The Flippening is Nigh”, and in it users are now discussing what went wrong for bitcoin nearly be losing its number one cryptocurrency spot to Ethereum, while pointing fingers at members of the community. According to The Flippening website, however, Bitcoin is still above Ethereum in value and in search interest in Google, as everything else has already been overtaken. Ethereum’s tradng volumes were of $2.346 billion in the last 24h, while Bitcoins’ were of $2.282 billion, Ethereum has a larger number of nodes, and a larger number of transactions being processed.

At the time of press, Ethereum takes up 79.4% of Bitcoin’s market cap. On the r/ethtrader subreddit, Ethereum users are even being encouraged in one of the top threads not to troll bitcoiners. Although most speculate that Bitcoin’s endless scaling debate is what’s stopping the cryptocurrency from escaping the situation, others believe that The Flippening will indeed occur, although only for a short period of time until Ethereum’s bubble bursts. Speculators believe that a lot of ICOs won’t deliver on what has been promised so far and that, as such, Ethereum prices will eventually crash.

Moreover, even if Bitcoin becomes the number two cryptocurrency, it still holds all of its potential. Bitcoin is being adopted by a large number of businesses and is already a legal currency in Japan, for example. If Ethereum manages to overtake Bitcoin and become the number one cryptocurrency for a long time, this only means the impact its smart contracts can have is increasing and that blockchain technology is successfully changing the world.

Chuck Reynolds


Marketing Dept
Contributor

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International Banker Analyses on Bitcoin’s Recent Fall

International Banker Analyses on Bitcoin’s Recent Fall

 

    

 

Recently, Ramki Ramakrishnan, an international banker and treasury manager,

who is also a contributor at Forbes, technically analyzed bitcoin’s recent fall with Elliott Waves.

Bitcoin’s Recent Correction

On Thursday, all the top 25 cryptocurrencies, including bitcoin, Ethereum, and Ripple, experienced a huge price fall. The average value drop exceeded ten percent in almost all cases. Both Ethereum’s and bitcoin’s market cap fell by billions of dollars, with BTC dropping to $37.4 billion and ETH to $28.9 billion. However, one day later, on Friday, bitcoin recovered from $2,150 to $2,521, and is currently standing on $2,640 (as of Saturday 6:40 PM). Some people credited bitcoin’s tumble to Bitmain’s announcement saying that the network of bitcoin is at a high risk of being split. Although, analyst Nicola Duke predicted such a correction in May for both BTC and Ethereum. The analyst stated that bitcoin could experience a correction of 46.5 percent. Duke predicted that BTC’s price will go as low as $1,470, however, that drop did not happen (yet).

Elliott Waves

According to Ramakrishnan, bitcoin experienced its biggest correction in two years. The banker had seen the opportunity in the fall to show traders and investors a technical analysis “to demonstrate to you how traders can benefit enormously by paying attention to

Technical factors.”

Elliott Wave Analysis is based on a theory put forward by Ralph Nelson Elliott back in the 1930s. He figured out that all bull cycles are made up of five waves, and once the five waves are complete, we will experience a correction that will bring the price down in three waves. The first wave is counted from a significant low, as shown here. The first and third waves are often related to each other by a standard ratio. And one of the three waves going upwards is extended to travel a distance that is much longer relative to the other two,” Ramakrishnan explains.

The banker explains that, in his analysis, he started a wave count from a significant low in 2015. In the below chart, one can see that Wave 1 was corrected by Wave 2. The third wave surged quite high, exactly 361.8% of the first wave. Once bitcoin reached the third wave, the cryptocurrency started in a correction move (as seen in the chart below). Ramakrishnan explained that Elliott Wave practitioners often look for such correction to relate to “the prior impulse wave by a  Fibonacci ratio.” In the current case, Wave 4 reached the 38.2% measure of the previous wave.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

 

Bitcoin Will Make Plenty of Millionaires

Economics Professor:
Bitcoin Will Make Plenty of Millionaires

    

According to a recent write-up published by Panos Mourdoukoutas, 

Professor and Chair of the Department of Economics at LIU Post in New York who is also contributing to several professional journals and magazines, such as Forbes and The New York Times, until its dive, bitcoin will make many more people millionaires. Bitcoin hit $3,000 this month after a big correction down to $2,682 from $2,957 in the period of two days. CCN reported that billionaire Mark Cuban was calling bitcoin’s recent price surge a bubble. However, this is not the case since the cryptocurrency is showing an uptrend, recently standing on $2,831 and continuously going upwards.

Mourdoukoutas shared a partly similar opinion to Cuban’s. Matching in the terms of saying that bitcoin’s price will drop after the huge surge, however, the university professor did not state that the cryptocurrency is a bubble. Mourdoukoutas added that the digital currency made many “overnight millionaires” – people who invested into BTC when it was worth only a fraction of its current price. He added that bitcoin will reach new highs, making more billionaires in the course of the action, before “coming back down to earth”. According to Mourdoukoutas, one reason for the increasing investment into the cryptocurrency is the “ultra-low interest rate environment, which makes the trade of bitcoin an appealing proposition. In addition, there is a growing mistrust in the national currencies of multiple countries, following the government policies that pushed more investors into the cryptocurrency.

Mourdoukoutas said that one of these policies is the act when governments issue new treasury bonds at record low rates to cover the old debts with new ones. For example, Japan sells treasuries that yield almost nothing for the state, however, the country’s debts amount approximately the 250 percent of the GDP. The professor stated that China’s treasuries yield “something”, although, no one knows the exact amount of the “unofficial debt”.The fact that there is a huge amount of debt connected to the Chinese Yuan and the Japanese Yen, makes the confidence of the investors disappear. And since there is bitcoin, a cryptocurrency that increased its value by 125 percent in 2016, people in Asia take advantage of the possibility and invest more into the digital currency.

The university professor stated there is another government policy, which could decrease the trust in a country’s national currency. This move is when governments want to get rid of the old currency notes, as was the case in India and Venezuela. According to Mourdoukoutas, one of these actions started the recent bitcoin surge. Mourdoukoutas added in the write-up that there are certain advantages making bitcoin a better hedge than conventional ones, such as gold. He added that the millennial generation is one of the biggest supporters of the cryptocurrency as they understand BTC better than

The “baby-boomer generation”.

“Unlike gold, for instance, bitcoin is a convenient medium of payment around the globe,” Mourdoukoutas wrote.

According to the professor, bitcoin’s supply is expected to be limited to 21 million. Comparing to gold, there is no scarcity from the mineral since when the price of gold rises, it provides more incentive for gold miners to mine for gold. Finally, Mourdoukoutas stated that the investor hype around bitcoin continuously helps the cryptocurrency to go upwards, as more and more investors are becoming familiar with the digital currency, and can use ETFs (exchange-traded funds) to “conveniently participate in the market”.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

A Significant Ethereum to Bitcoin Price Chart.

Analysis:
A Significant Ethereum to
Bitcoin Price Chart.

    

The price of Ethereum largely recovered from this week’s flash crash.

Some call it a sell off in a secular bull market, others call it buying the dip. We call it: strong fundamentals, and by that we mean that the price surge is justified by demand driven dynamics. Because of that we stick to our long term Ethereum forecast of $1000.Talking about fundamental strength in Ethereum, it is interesting to apply traditional relative strength ratios to cryptocurrencies. When analyzing traditional markets we look at the gold to silver ratio to identify which of the two is outperforming or to understand whether a bull market has started or ended. In stock markets the S&P 500 to Russell 2000 ratio is popular as a gauge of risk (the small cap Russell typically outpeformers when investors are in ‘risk on’ mode).
When it comes to cryptocurrencies the most popular way among analysts is to compare market caps. While that is a good indicator it is not the most valuable one in our view.
 
What really is valuable as an indicator is the price ratio, for instance the Ethereum to the Bitcoin price ratio. The reason why we prefer this ratio above a market cap comparison is that, bottom line, whatever the market cap, all that matters is price. The point is that price reflects supply and demand factors; price is the point where supply and demand find equilibrium.
The Ethereum to Bitcoin price ratio is shown on the following chart:
 
This ratio reveals a very interesting insight. In March of this year, Ethereum’s relative strength moved to an “all-time high” right when it crossed the horizontal red line annotated on the chart. In chart analysis terms we call it a “breakout.” As goes with most breakouts it tends to come back down to test the breakout point before moving higher as of that point. That is called a “confirmation of the breakout” so it suggests that the uptrend will continues.The “real deal” took place in May, when the Ethereum to Bitcoin ratio crossed the other red line, see green circle. That is when the acceleration of Ethereum’s outperformance started.
 
What all this means is that Ethereum is the clear winner, and that this ratio was able to forecast it in April and in May.
It also learns that readers can do their own research by looking for other ratios, for instance Ethereum to Ripple or Ethereum to Litecoin to get an idea of the real outperformer. Relative strength tells much more than absolute prices.Going forward, as prices continue to fluctuate, we will start seeing new patterns on this chart. That is what investors are closely following, and we suggest readers with positions in Ethereum do the same.Note that this ratio does not suggest anything about the future price of Ethereum or Bitcoin.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Why banks need to start offering cryptocurrency wallets

Why banks need to start offering cryptocurrency wallets

    

With the recent surge in value of cryptocurrencies,

ordinary people and traditional investment firms are paying more attention to the space. The market cap of cryptocurrencies has grown from less than $30 billion in March 2017 to over $110 billion in June 2017, and this is just the beginning. Cryptocurrencies are quickly becoming a new global market for assets, similar to stocks, bonds, mutual funds, and government backed-currencies. But the immediate settlement of currency transfer on blockchains (such as Bitcoin and Etherium) is a double-edged sword. On the one hand, it’s incredibly efficient at money movement; on the other, it allows bad players to transfer your cryotcurrency with the same speed. And if the wrong person gets unauthorized access to your cryptocurrency holdings and transfers the currencies to their own wallet, there will be no getting it back.

As a result, among new investors in the space, there is a concern about giving money to new, unproven, and non-regulated online-only cryptocurrency wallet providers. And that opens up an opportunity for traditional banks. You already trust them with your life savings, so you will likely trust them with your cryptocurrency holdings. It would take an enormous investment for banks to move into this space. But here are some reasons they should consider it:

They can address a real pain point for their customers:

Cryptocurrency investors are concerned about trusting recently established organizations to hold their assets. Banks are reliable alternatives because people trust them. Banks entering this space will solve a real financial problem for their customers and will deepen and reinforce their relationship.

They will stay relevant:

Cryptocurrencies such as Bitcoin might become more popular than government backed currencies one day. The only way for a bank to stay relevant in that future is to secure their relationship with the cryptocurrency holder today. As time goes on, new players will slowly earn a reputation for safety and security and will present a threat to existing financial institutions. Now is the time for banks to secure those relationships while they still have an advantage over existing and entering players.

They will start learning by doing:

Cryptocurrencies are here to stay. Banks must start learning how these markets operate and discover the right business models for their organizations before fintech companies make them irrelevant. A great way to do so is to get their feet wet by getting involved and forcing themselves to start learning. What exactly can banks offer in this ecosystem? Will ordinary people just want a cryptocurrency wallet from a trusted name? Will they want a cryptocurrency checking or savings account to pay for their daily purchases? Will they treat cryptocurrencies as a long-term asset similar to gold? No one knows the answers to these questions, but banks will get closer to the right answers by getting involved today and offering a solution that allows them to monitor the behavior of customers who hold cryptocurrencies.

They can help shape the future of cryptocurrency regulations:

Banks can influence the future of cryptocurrencies by putting more pressure on governments to regulate the industry. While the lack of regulation in the industry creates concerns for banks looking to enter this space, the sooner they get into the cryptocurrency holding business, the sooner they can start pressing regulators and government for more guidance on how cryptocurrencies should be treated and the sooner they can develop their own policies if needed.

Banks have a small window of opportunity to jump into the cryptocurrency space. In a few years, cryptocurrency wallet providers will have gained enough trust and credibility that they will make banks that did not reinvent themselves irrelevant. Now is the time that banks have a competitive advantage over cryptocurrency wallet and trading companies to solve a real problem for their customers. The good news is that the number of individuals and organizations in this space is limited today so banks can test various business models and learn from their customers while cryptocurrencies evolve to become a reliable asset. 

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Most Hyped Up Cryptocurrencies Right Now

Top Most Hyped Up Cryptocurrencies Right Now

                             It is apparent there is a lot of excitement in the world

of alternative cryptocurrencies. Plenty of coins are seeing significant value increases, although not all of them will have a place in the mainstream world. Below are some of the altcoins gaining a lot of value as their mainstream potential continues to grow.

Augur

Every cryptocurrency enthusiast will have heard of the Augur project. By creating a decentralized prediction market where users can wager on any event taking place at any given time, Augur sees a lot of merit in using the wisdom of the crowd. The platform will be powered with REP tokens, which have seen a fair value increase these past few days. About a week ago, the value per REP was US$5.35, which has now increased to US$10.16. Keeping in mind how there are only 11 million tokens, this value could go up even further in the coming months. Then again, investing in Augur should not be done for short-term gains by any means.

Factom

Even though the Factom project is quite intriguing, a lot of people tend to overlook the platform’s native token. Factom stores records on the blockchain and anchors them to the Bitcoin ledger. It appears people are finally realizing the potential Factom holds, as its native token’s value has increased from US$2.63 to US$4.41 in just seven days. Impressive momentum for a somewhat undervalued project.

Dash

The rise of Dash‘s value cannot be ignored by anyone in the world of cryptocurrency. Even a DDoS attack against a few hundred masternodes could not disrupt this price increase by any means. Even though Dash’s value is retracing a bit after a steep rise, things are still looking quite positive. Over the course of one month, Dash’s value has gone from just over US$21 all the way to US$90. It even surpassed US$100 yesterday, but the price momentum could not be sustained for long.

Monero

Some people will gladly tell you a Monero price increase had to happen sooner or later. Anonymity-centric cryptocurrencies always tend to do well, and several darknet markets have shown interest in Monero as well. Things are looking very good for Monero these past few days, with a value increase from US$12.45 per XMR all the way to US$22 in a week’s time. It is interesting to see Dash and Monero experience growth around the same time.

Ethereum

People who are not glued to the exchange charts right now may have missed out on Ethereum‘s meteoric rise these past few days. Right now, one ETH is worth US$40.98, up from US$18.75 a week ago. Interestingly enough, Ethereum Classic saw its value increase as well, from US$1.33 to US$2.02. Although some people argue these coins are still one and the same ecosystem, there are some major differences between them. In the end, both coins’ market cap is increasing at the same time. Most intriguing indeed.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Cryptocurrencies in Japan

Top Cryptocurrencies in Japan

It is evident for everyone to see Japan is going crazy about cryptocurrency

right now. This is made possible thanks to the new regulations going into effect, which removed the 8% sales tax when buying Bitcoin and other cryptocurrencies. It is also interesting to note several cryptocurrencies are incredibly popular in Japan, whereas others are not that hot. All of the coins listed below are ranked based on their JPY trading volume.

MonaCoin

Although this particular cryptocurrency has eluded the vast majority of enthusiasts, MonaCoin is quite popular among JPY traders. It is listed on the Zaif exchange, where it can be traded against Bitcoin as well. MonaCoin was also one of the altcoins successfully activating SegWit before Litecoin did.

XEM

The native token of the New Economy Movement has seen its fair share of success in Japan as well. It is a currency maintained by a team of Japanese developers. Moreover, XEM – and its NEM blockchain – have made quite a name for itself in Japanese circles as well. Definitely a currency to keep an eye on moving forward.

Ethereum

A lot of people will be shocked to learn Ethereum is not all that popular when it comes to buying or selling it in exchange for the Japanese Yen. Then again, these are still the early days for cryptocurrency in the country, and things may continue to shift around for quite some time to come. Ethereum is very popular when traded against bitcoin, though, as is to be expected.

Ripple

It comes as quite a surprise to a lot of people to learn Ripple – or to be more precise, XRP – is quite popular among Japanese cryptocurrency enthusiasts. Various exchanges list XRP as one of their trading pairs, and it seems to do quite well overall. In most cases, XRP can be traded against the JPY only There is one big exception to this trend, though. The Mr. Ripple exchange – which is mostly known for buying and selling XRP –  trades the currency against the JPY, USD, Bitcoin, and Ethereum. Its JPY market is by far the largest on the platform, although the XRP/BTC market is quite popular as well. It is quite interesting to see Japanese exchanges dedicated themselves to one particular currency and even naming the platform after it.

 Bitcoin

Regardless of where one looks in the world, Bitcoin will always be the most popular traded currency against fiat. Japan is no different in this regard, as all exchanges allow for BTC/JPY trades by the look of things. It is due to this trading pair these platforms are so successful during the initial stages of Japanese cryptocurrency adoption.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Hottest Cryptocurrencies Right Now

Top Hottest Cryptocurrencies Right Now

    

 

The world of cryptocurrency is full of dozens upon dozens of altcoins

all fighting for their market share. Due to the overwhelming amount of coins on the market its hard to decide which coins are worth looking into and which coins are simply scams. Today we feature the top 5 hottest cryptocurrencies on the market RIGHT NOW.

Tether

Launched in late 2014 Tether is a cryptocurrency whose main focus is to keep a stable value. It works just like Bitcoin, but it has 2 major differences. First is the fact that each Tether (USDT) is pegged at $1 USD. If you look at Tether’s price chart you will see that it always has a value of $1. The way the currency accomplishes that is because every Tether is backed by a real US dollar. There is a trade off however for such a stable currency. If you would like to trade tether you need to provide some personal information to pass KYC / AML regulations.

The second difference is that Tether doesn’t have its own blockchain like most cryptocurrencies. Instead, it runs on the Omni Layer, which is a platform built on top of Bitcoin, allowing the issuance of digital tokens such as Tether. In a way, each Tether transaction is a Bitcoin transaction which is made through the Omni Layer. Tether’s market cap is ranked at number 21 and is at $14 million. If you are tired of the volatile crypto market and want to store some coins in a stable crypto asset, definitely look into Tether.

 Dash

Originally released in 2014 as Darkcoin, Dash is a re-brand of the cryptocurrency. It is a privacy centric project which was the first to use the X11 hashing algorithm, first created DarkSend, and also created the Dark Gravity Wave. This may sound like technical jargon but in short the X11 algorithm is just a modification to the SHA-256 mining algorithm that bitcoin uses. DarkSend is a feature which allows for a better obfuscation of transactions allowing for anonymous trade. Finally, the Dark Gravity Wave is a new way to adjust the mining difficulty. Unlike Bitcoin which adjusts its mining difficulty every 2016 blocks, DarkCoin uses the DGW algorithm to adjust it’s difficulty in an exponential fashion making a smoother difficulty adjustment.

In addition to the three above, there are much more features like InstantSend, Masternodes, and PrivateSend. Combine all those features with a dedicated development team and you get Dash. With a 24 hour trading volume of close to $2 million and a market cap of over $100 million Dash is definitely not going anywhere anytime soon. Currently each dash is worth $15 and the price seems to be on an uptrend.

Monero

Just like Dash, Monero is also a privacy centric crypto, launched in 2014 under the name BitMonero. Unlike DarkCoin which used similar codebase to that of Bitcoin, Monero was the first fork off a crypto-note coin – Bytecoin. In short, the main difference between bitcoin and crypto-note based altcoins is that one implementation of the blockchain is much more opaque. To be more precise, one can follow any Bitcoin transaction through it’s blockchain, and one can see which addresses send what amounts. However, the way crypto-note implements it’s blockchain makes it impossible to trace transactions through it. It is only possible to learn the approximate amount of each transaction, but the origin or the precise amount is hidden.

Monero is not just a clone of Bytecoin, the developers were able to find quite a bit of flaws in Bytecoin’s code and were able to improve on it. As with Dash, a strong development team is the key to a coin’s success. Monero is ranked number 5 by market cap which is at a whopping $166 million, and each monero is worth roughly $12. The 24 hour volume is currently close to $3 million and the price is also currently on an uptrend.

 Ethereum / Ethereum Classic

Ethereum is both a currency and a platform. Initially proposed in 2013 by Vitalik Buterin, in its simplest form it is a blockchain based application development system, think of it as an IDE, just like Eclipse or Visual Studio, in the cloud. It allows the creation of smart-contracts, which are agreements between two parties that are overseen by a computer program. It uses the Electrum Virtual Machine to allow for the creation of those smart contracts, and requires Gas (short for “Gasoline”) in order to execute those contracts and to prevent spam on the network.

The reason why there are two currencies, Ethereum and Ethereum class is due to the DAO fork in 2016 which caused the split. The DAO (Decentralized Autonomous Organization) was the first real attempt at creating a massive vehicle for autonomous investment capital management, and received close to $50 million in funding in the form of Ether. Unfortunately, it contained a terrible bug which allowed for any user to arbitrarily withdraw any amount of ethereum from the DAO and transfer it to another child DAO. After an anonymous attacker moved over $15 million in ether to the child DAO, the community came to a disagreement when it came time to fix the problem. Some wanted to revert the malicious transactions, while others thought that the rollback was unfair since the whole point of decentralized cryptocurrencies is that you cannot reverse transactions. This was the reason for the 2 forks, Ethereum reverted the theft from the DAO, while Ethereum Classic (ETC) kept rolling along. Ethereum Classic

supporters believe:

“The core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law.”

Both ETH and ETC have healthy trading markets which are currently at an uptrend. Ethereum’s 24 hour volume is at $12 million and it is ranked number 2 by marketcap at $960 million. Ethereum Classic’s 24 hour volume is at $3 million with a market cap of $124 million.

Bitcoin

Bitcoin needs no introduction, first created 8 years ago it has been the market leader ever since. Bitcoin’s market cap is a whopping $15 billion, more than 15 times its toughest competitor. After reaching an all time high earlier this month and plummeting right after, it seems that the market is recovering once again as prices peak $930. As always the safest cryptocurrency to trade with is Bitcoin as even though price fluctuations may be high, they will never be as high as some of these smaller cryptos. If you are a cryptocurrency enthusiast the above 5 markets are all worth taking a look at, think of them as mutual stocks. They are safe investments compared to what else is out there, however one thing is for certain, out of all the cryptos Bitcoin is a must have in your portfolio. Also make sure to checkout this list for the 6 hilarious cryptocurrencies that are actually worth something.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to Learn more about -Bitcoin.

Top Alternative Cryptocurrencies on the Rise

Top Alternative Cryptocurrencies
on the Rise

In the world of alternative cryptocurrencies,

it is very important to keep a diversified portfolio. Not every coin going up in value has a legitimate use case, and there are quite a few pump-and-dump schemes to be wary of. However, some altcoins are getting a lot of positive attention due to the developers putting in a lot of hard work. Below are some coins which have recently achieved major technological breakthroughs, and are now seeing their value rise as a result.

BlackCoin

Although a lot of people have seemingly forgotten about BlackCoin, the cryptocurrency is still around. One of the main areas of focus for this project has always been to find ways to improve the proof-of-stake protocol. In a recent update, the BlackCoin developers have unveiled their Blackcoin Lore launch, which is a solution paving the way for smart contract potential.

Moreover, this new milestone will also make BlackCoin the first proof-of-stake digital currency to implement key components from Bitcoin Core 0.12. More importantly, this update paves the way for smart contracts on the BlackCoin blockchain moving forward. It will be interesting to see when this dream will be realized, but it is definitely something to look forward to. Additionally,the update allows BlackCoin to benefit from projects such as Blockstack and Joinmarket.

 Maidsafe

A lot of people were caught by surprise when the value of Maidsafecoin suddenly started to explode a few days ago. It seems the most recent development update has something to do with the price momentum, even though none of the updates are “major.” All of this goes to show the Maidsafe concept is inching closer toward finalization, which is good news for anyone looking into using a decentralized internet.

Stratis

It has to be said, the Stratis value has been a bit of a rollercoaster these past few weeks. With the value surging non-stop for nearly a week, it almost started to look like a pump. However, the value corrected quickly and is now seemingly stable around the US$9 mark. A new wallet update was released not too long ago, and it looks like developers are making good progress on the Breeze Wallet too. Moreover, it has been confirmed one can effectively mine PoS blocks inside the Breeze Wallet, which is a major development.

Siacoin

Siacoin has been of great interest to cryptocurrency users and speculators over the past few weeks. The world of decentralized file storage solutions is getting a lot more interesting, to say the least. A lot of users are experimenting with these solutions as a way to earn Siacoin for sharing excess hard disk space with people looking for storage solutions. Sia is one of the projects getting very close to providing actual decentralized file storage solutions to the masses. It is only natural the price of this native token goes up as well.

Ethereum

Although a lot of people would rather not think of Ethereum as an alternative cryptocurrency, it still fits into this category. That being said, the recent value increase of Ether has been nothing short of amazing. The value per ETH surpassed US$365 and seems to maintain that value with relative ease. However, there is still a question of how much of this price point is due to speculation, rather than “actual” value. For a cryptocurrency ecosystem with no supply cap, some people feel Ether is incredibly overvalued. Then again, the token is necessary for people looking to buy into most cryptocurrency ICOs.

Chuck Reynolds


Marketing Dept
Contributor

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