Category: Cryptocurrency
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Zcash vs Monero
Privacy coins explained The goal of cryptocurrencies is to create a currency in which nobody has the power to create funds or can control all the funds. Supporting this notion is the blockchain technology, which allows a decentralised trading process to take place digitally by swapping cryptocurrency tokens. However, an inherent issue in the goal…
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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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What is Waltonchain and How to Buy It
Waltonchain is a China/Korea-based blockchain project named after Charlie Walton, the first patent holder (and thus considered the inventor) of the RFID device. RFID, as you probably already know, stands for Radio Frequency Identification Device. The concept behind Waltonchain is to merge blockchain and RFID technology. Waltonchain is a decentralized ecosystem that would allow for…
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What is the Cardano Cryptocurrency? A Simple Explanation
Bitcoin and Ethereum have held their positions as the top two proof-of-work cryptocurrencies for years. However, the cryptocurrency ecosystem has continued to rapidly expand, putting their positions at risk. There is a shift in the industry towards application-specific blockchains. In contrast to Bitcoin, which is designed to be a global currency, projects such as SiaCoin…
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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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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…
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How (and where) to Buy and Store Lisk: 3 Safe & Competitive Options
What is Lisk? Lisk, in one sentence, is a cryptocurrency used by developers to make their own blockchain projects. Some existing projects plan to revolutionise digital privacy, academic accreditation and music. In comparison to its competitors, Lisk appeals to the wider developer market with an easy-to-use sidechain platform. Sidechains are blockchains backed by the Lisk mainchain, but use different…