The Internet of Things Application (IOTA) is a distributed ledger that was developed to record and execute transactions between different machines in the IOTA ecosystem. Developers of IOTA had the vision of addressing transaction charges and scalability problems within the blockchain through removing the block and chain. In the near future, IOTA will facilitate easy payments within objects that have sensors.With the IOTA verification system, there is no need for having a central ledger. This verification method is known as a Directed Acyclic Graph (DAG). However, IOTA developers refer to it as Tangle. Within the Tangle system, the computing power...
Latest Cryptocurrency News & Guides
Best Chainlink Wallets – Best LINK Wallets in 2020
Chainlink is a decentralized blockchain oracle service that acts as middleware that seeks to link smart contracts across the blockchain. The platform enables smart contracts to access off-chain resources such as data feeds, web APIs, and traditional bank account payments. The Oracle service is vital because it provides external information on the blockchain. Typically, blockchains cannot access data outside their network. Participants on the Chainlink network get rewards for providing smart contracts with access to external data feeds. The Chainlink Network comprises of two separate parts, on-chain, and off-chain. The on-chain component separates oracles based on the metrics requested by...
Gemini vs Coinbase – which one is better?
According to a recent report, cryptocurrency searches have almost tripled over the last six months. This is in light of the current COVID-19 pandemic which has brought the world to its knees. People are fully aware that the ongoing crisis is going to adversely affect the economy hence they are looking for a haven to store their wealth. Normally they would turn to gold, but as they say “cryptocurrencies are the new gold.” This leads us to the next very critical question; what is a cryptocurrency? I would like to believe that most of my readers have come across this...
Bitseven review – Is Bitseven a good platform for Bitcoin Trading?
The following Bitseven review highlights a platform that give you the opportunity to trade top cryptocurrencies which are Bitcoin, Bitcoin cash, Ethereum, Litecoin and Ripple. This is one of the famous trading platform only for cryptocurrencies. The platform; as you are going to find out in this Bitseven review, enables users to start trading with your favorite cryptocurrency by switching easily between one and the other. Some of the advantages that this platform offers include fast execution speed, guarantees swift and effective transactions. About Bitseven and how to get started BitSeven’s Background Bitseven is an online trading platform that was...
What is Ethash?
Isn’t it crazy how cryptocurrencies have only been around for about a decade yet we have hundreds of cryptocurrency terminologies? Being a crypto-enthusiast myself, I know how difficult it can be to keep up with all the new terminologies. So maybe you have come across this term before and you would like to understand it further. Come with me as I explain Ethash to the best of my ability. So what is Ethash algorithm? Ethash is a proof-of-work (PoW) mining algorithm that is implemented by the Ethereum network and other Ethereum-based cryptocurrencies. Each Ethash GPU miner requires 1+ GB of...
Zcash Vs Monero
Zcash and Monero are two cryptocurrencies with a focus on privacy. In this guide, we focus on differences, purpose and technical aspects of the platforms. Zcash originated as a fork of the Bitcoin protocol while Monero’s underlying structure is based on CryptoNote. Zcash carries similarities with Bitcoin. However, the main difference is the level of privacy and fungibility at the same time maintaining the open financial system. ZCash is an encrypted open ledger, meaning that even though all transactions are recorded on a blockchain, the transactions are encrypted and can only be viewed by users that have access. The Zcash...
Guarda Wallet Review- The Safest Multi Cryptocurrency Wallet
As a cryptocurrency investor, you were probably annoyed by the fact that you needed to have a certain wallet for different cryptocurrencies that you invested in. That’s actually an issue of the past, as now there’s Guarda Wallet – a multi cryptocurrency wallet that accepts over 90% of the existing tokens. In our Guarda Wallet review, we’ll analyse what makes it special Guarda wallet – small introduction Guarda wallet story starts in 2017 when the team launched their first Ethereum wallet for Android. The company behind it is registered in Estonia and they’re authorised by the Estonian FInancial Intelligence Unit...
Ripple Vs Stellar: Which Is the Better Cryptocurrency?
In the latest cryptocurrency news, we have witnessed exciting products in the industry. Notably, some projects are unique while others tend to look similar. For crypto lovers, it is not hard to notice that projects like Ethereum and NEO have some striking similarities. Despite the industry witnessing an increase in the number of projects, Ripple and Stellar appear to stand out from the pack. These two projects are gaining interest and are appealing to future-minded individuals. Both Ripple and Stellar have some similarities in identity and technologies. And the thing about these is that both cryptocurrencies had awesome cryptocurrency news in...
How will the new Ethereum economic model influence Ether’s price next year?
While Ethereum is often considered to be one of the most promising crypto currencies in the market, there are still some technical issues to deal with. In order to improve the crypto-currency’s adoption rate, issues such as scalability, ease of use, speed and fungibility are still to be addressed. For analysts such as Jeff Reed, the Ethereum network will almost certainly become more important than Bitcoin’s in the future, as the Ethereum ecosystem is better equipped to overcome the challenges mentioned. The migration from Ethereum 1.0 to Ethereum 2.0 could greatly improve the network and boost Ether’s price next year...
Where to Buy Monero Safe in 2019
Monero is a blockchain project that solely focuses on privacy and anonymity. To enhance anonymity, the Monero network uses cryptography to shield sending and receiving addresses, as well as transaction amounts. In terms of privacy, Monero uses the ring signature concept and stealth addresses. Ring signatures enable cryptocurrency senders to shield their identity from other participants in a group. To set up a ring signature, the Monero network combines the sender’s account keys and clubs it with public keys on the blockchain. Furthermore, Monero allows mining which is powered by a concept that states that all people are identical and...
