Author: Matt Lui
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LocalBitcoins Review
How does it work? LocalBitcoins is a peer-to-peer Bitcoin exchange. In contrast to other traditional exchanges, your Bitcoins are bought or sold to other individuals rather than organisations who buy low and then selling higher than Bitcoin’s current price. This means that you could be purchasing your Bitcoins from your neighbor or your boss; and…
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Kraken vs Poloniex
Key Differences Poloniex Kraken Founding year 2014 2013 Location Delaware, United States California, United States Fees (overall) Very low Very low Transaction fees Very low Very low Withdrawal fees None; just the cost to the exchange None; just the cost to the exchange Deposit fees None stated Very low and limited Trading interface Great Great…
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How (and Where) to Buy Factom
Is Factom a Cryptocurrency? Before you get started on the Factom journey, it’s a good idea to make sure you investigate exactly what a Factoid (the principal currency token of the Factom project) is. Factoids, in contrast to other blockchain tokens such as Bitcoin, are not intended to be used as a form of currency.…
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How (and where) to Buy & Store the NEO Cryptocurrency
What is NEO? NEO is a Chinese blockchain project out to build a decentralized economy. It runs on a dBFT protocol, a low-cost solution preventing network forks and providing finality for all transactions. Its smart contract and reward systems are backed by a secondary token, Gas. Nodes can execute smart contracts by trading in their…
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Bytecoin vs Monero — A Comprehensive Break-Down
Why Privacy? In the Bitcoin whitepaper, anonymous author Satoshi Nakamoto outlined the protocol for the World’s first cryptocurrency. He only briefly addressed the privacy issue of publishing all transactions (and consequently all account balances) on a public blockchain, proposing that all users create a new Bitcoin address for every transaction. However, Nakamoto’s proposal was impractical…
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Coinbase vs Coinmama: Which is the Safer, Cheaper Broker?
Coinmama and Coinbase are cryptocurrency brokers. Instead of letting users buy and sell directly from each other like a traditional exchange, brokers profit from substantial mark-ups. Whilst the fees are higher, these brokers take out the trust risk associated with peer-to-peer exchanges and the complexity of traditional trading platforms. Coinbase is a giant in the brokerage…
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xCoins.io Review: A Safe PayPal Exchange?
Overview xCoins.io is a small peer-to-peer cryptocurrency exchange, but offers secured loans instead of direct Bitcoin payments. The platform is beginner-friendly, and their website handles the transaction all the way through. Conversely however, experienced traders will find the high fees and low minimums restrictive. Most xCoins traders use it as a loophole to buy cryptocurrency through PayPal. Location…
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Bitcoin vs Zcash — The Differences Made Easy
The Need for Privacy Cryptocurrencies provide payment and wealth storage methods independent of centralised actors. Blockchain technology is revolutionary because networks founded on its theory are both decentralized and tamper-proof. Combined with a protocol such as proof of work, a cryptocurrency is formed. Proof of work requires computers to solve complex problems in return for the…
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Ripple vs Cardano — Major Differences for Investors
Blockchains may have been conceived in the nineties, but it is only now that we are beginning to see potential applications. Progress in data storage, internet bandwidth and device connectivity opens possibility for online decentralized networks run on trust-less, transparent and verifiable blockchains. Ripple and Cardano are at the forefront of experimental industry decentralised applications…
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Ethereum vs Lisk: Explained for Investors
Building a Smart Economy Blockchain technology could revolutionize power and control. From music rights to inter-bank transactions, the latest tech entrepreneurs have been trying to bring the blockchain’s benefits to industry applications. Building a blockchain from scratch is expensive and technically difficult, so Lisk and Ethereum provide developers with templates and existing infrastructure to kick-start…