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Showing posts with the label Article

Hypochondriacs in a Coal Mine

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Paper-cuts are not as serious as snake-bites. We know that. Speaking of security, forks are not as scary as knives. That. We don’t know yet. It was not supposed to happen this way; but then, when does life (and technology) work on suppositions! Humans - genius-clever-brave-rebellious humans - had gathered around the capsule. Some shuffled their feet as the first cut was made. Some cringed and shut their eyes as the needle made its way in and out for a stitch. Some smiled as the body whirred back to life with a new sound. The inimitable and iron-clad creature had just been operated upon. As the surgeons moved out of the room, a few eyes stayed peeled on the creature. Timid and worried, they mumbled to each other. “But wasn’t this sp ... Read more about " Hypochondriacs in a Coal Mine " on coinatory.com

What is Stellar Lumens?

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The disruptive nature of cryptocurrency is self-evident, offering the world an excellent alternative to the already existing financial model that has controlled the ownership, storage, and the transfer of value for ages. While many may see cryptocurrency as a virtual currency of destruction that has come to destroy the existing financial structure, others see it as a great opportunity that makes life easier when used as a medium of exchange of goods and services. Unlike most cryptos, Stellar is entirely complaint with regulators and although Stellar was initially against banks, its partnership with IBM last year changed Stellar"s fate. What is Stellar? Stellar is a nonprofit organization payment network that aims to make the ... Read more about " What is Stellar Lumens? " on coinatory.com

What is Zcash?

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Many countries around the world are increasingly adopting cryptocurrency due to its speed and privacy feature that keeps transactions safe and secured. However, it is not all cryptocurrencies that guarantee privacy to users due to their design technique. For instance, the bitcoin uses a blockchain technology that serves as an open ledger, Whenever users transact, the details are stored in a block and can be tracked using the information stored by miners in the blockchain. Some cryptocurrencies are against the bitcoin"s design which exposes details of the transaction to the public, and they have made efforts to ensure that people can conveniently send and receive funds anonymously; this is what Zcash offers. Zcash (ZEC) is a digital t ... Read more about " What is Zcash? " on coinatory.com

What is Litecoin? How to buy Litecoin LTC?

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Cryptocurrency investors are more interested in bitcoin because of its high market value and the popularity it has. However, some altcoins have proven to be a good investment decision if one should venture into it early as the price of a token is still low as compared to the bitcoin. One of this alternative is Litecoin (LTC). On the litecoin official website, Litecoin is seen as, ""a peer-to-peer Internet currency that allows instant, near-zero cost payments to anyone in the world."" Litecoin or LTC is one of the first altcoins, and it was forked from Bitcoin. That is, it was developed using the bitcoin"s existing protocol. Some people consider litecoin as the younger sibling of bitcoin because it works exactly like bitcoin r ... Read more about " What is Litecoin? How to buy Litecoin LTC? " on coinatory.com

Money management on cryptocurrency market. Part 2

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In the first part of the article "Money management on cryptocurrency market", we discussed in details the investment part of your cryptocurrency trading portfolio, how it is formed and adjusted. But crypto investments cannot be called the most exciting part of the whole trading process. Investments are very effective and profitable, but they still do not carry exactly those emotions that you can get in the process of live trading, right at the spot. If you want to plunge into the world of trading and experience all those feelings while watching the price go in the direction or vice versa, breaking all your predictions into the opposite, then in this part of the article we will look at the most interesting for you - the speculative part of your trading portfolio. Recall the basic distribution over the entire portfolio: 60% is an investment (cold) wallet and 40% is a speculative (hot) wallet. For simplicity and clarity of calculations, we take the value of our speculative part ...

Money management on cryptocurrency market. Part 2

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In the first part of the article "Money management on cryptocurrency market", we discussed in details the investment part of your cryptocurrency trading portfolio, how it is formed and adjusted. But crypto investments cannot be called the most exciting part of the whole trading process. Investments are very effective and profitable, but they still do not carry exactly those emotions that you can get in the process of live trading, right at the spot. If you want to plunge into the world of trading and experience all those feelings while watching the price go in the direction or vice versa, breaking all your predictions into the opposite, then in this part of the article we will look at the most interesting for you - the speculative part of your trading portfolio. Recall the basic distribution over the entire portfolio: 60% is an investment (cold) wallet and 40% is a speculative (hot) wallet. For simplicity and clarity of calculations, we take the value of our speculative part ...

Crypto mining has become more expensive than gold mining

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American scientists compared the cost of electricity for mining and metal mining. It turned out that it is more expensive to mine cryptocurrency. This was stated by scientists Max Krause and Thabet Tolaymat. According to the study, which was published in the journal Nature Sustainability journal, mining entails a very large expenditure of energy. For example, the energy consumption of the entire Bitcoin network, according to various estimates, varies from 4-5 TWh per year to 26 - 44 TWh per year and even 46. These figures are comparable to total electricity costs in Hong Kong and Ireland. ... Read more about " Crypto mining has become more expensive than gold mining " on coinatory.com

Most Ethereum smart contracts have vulnerable code

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Researchers from Northeastern University and the University of Maryland have come to the conclusion that most smart contracts launched on the Ethereum network use potentially vulnerable code. This is stated in a joint study of university specialists, the results of which are published in the report "Analyzing Ethereum’s Contract Topology". The authors of the report studied Ethereum client Geth modification, which is used to launch the bytecode of a smart contract released on the blockchain platform. Bytecodes are software codes used to integrate software into a project’s network. Smart contracts codes, which were created in the Ethereum network over the past three years were studied. Experts analyzed about 5 million blocks, it was ... Read more about " Most Ethereum smart contracts have vulnerable code " on coinatory.com

Cryptomarket: what"s going on? Tether again?

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The situation on the cryptomarket at the time of writing is somewhat strange: Tether, the most popular stablecoin, is dropping down for over 5% with increasing volume, Bitcoin Cash is jumping up for over 23% on increasing volumes, XRP, Ether, Monero are going up as well, but for 4% in average. The interesting part is, BTC price goes down for almost 1% and someone is buying Bitcoin Gold and even Bitcoin Diamond. That"s really strange to see. So, what"s going on? I personally think that this situation is caused by this letter: The letter itself looks fake. I want to believe that it"s not, but there are some things that really bother me. First of all, this is not the e-mail, so every person or company that ever receive letters ... Read more about " Cryptomarket: what"s going on? Tether again? " on coinatory.com

Ethereum: a shitcoin that returns to the "Drop to zero" plan?

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During the virtual conference on Friday, October 19, the developers announced that the implementation of the Constantinople update of the Ethereum was postponed until the beginning of 2019. The team members, who originally planned to conduct hardfork in November, decided to postpone it since several bugs were found in the code running in the testnet. Conference: https://www.youtube.com/watch?v=5Q67tmkZ5So How big is the disaster? It feels to be the right thing to do and the heading should be explained as you probably opened this ... Read more about " Ethereum: a shitcoin that returns to the "Drop to zero" plan? " on coinatory.com

Cheating at bitcoin. Cancelling transactions

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We all know one of the main principles of the cryptocurrency blockchain - transactions cannot be cancelled and once the funds are sent, there is no way to return them. Some people consider this as a major fault of cryptocurrencies in general and the reason why cryptocurrencies like bitcoin, should be never used as means of payment. But is it really so? The answer is, both "yes" and "no". Let"s use bitcoin as an example. There are actually some possibilities to make the bitcoin transaction cancelled. However, these methods are quite ... Read more about " Cheating at bitcoin. Cancelling transactions " on coinatory.com

Petro cryptocurrency. Opinion. Long read.

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El Petro To start with, let"s make it clear, what Petro is: The Petro is the first cryptocurrency ever backed by a State, according to the official website. The first. Ever! And this is so controversial and groundbreaking that is totally worth knowing about. Venezuela is the country that had it"s currency lose 99,99% of value the past 6 years. Inflation is reaching unbelievable highs and the economy is in terrible condition. El Perto is supposed to fix economic problems. This cryptocurrency is supposed to be used as means of payment inside ... Read more about " Petro cryptocurrency. Opinion. Long read. " on coinatory.com

What Is Bitcoin (BTC)? How to buy BTC?

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Bitcoin (BTC) is "cryptocurrency". The term "cryptocurrency" in English means the type of electronic money based on cryptography. That is, the production of currency (its emission) is due to the performance of cryptographic functions. Decentralization is one of the main principles of the cryptocurrency. So, unlike the money that we are used to, cryptocurrencies are not printed on machines by the orders of the state or a separate financial institution but appear due to the activity of the users themselves in the computer network. Bitcoin is ... Read more about " What Is Bitcoin (BTC)? How to buy BTC? " on coinatory.com

Sia: ASIC wars, bricking the Bitmain and Innosilicon ASICs

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Here goes another chapter of ASIC wars. This time, Sia is under attack and is striking back with the v1.3.6 hardfork. This hardfork will reset Sia"s Proof-of-Work function. This will make ASICs by Bitmain and Innosilicon useless. The whole story started with the Bitmain that announced their ASIC miner for Sia network just 10 days before shipping. That was the announcement that almost caused the civil war in Sia community. Why? In June 2017, we announced that Sia would be pursuing ASICs, and that Nebulous (parent company of Sia) would be sp ... Read more about " Sia: ASIC wars, bricking the Bitmain and Innosilicon ASICs " on coinatory.com

Money management on cryptocurrency market

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It does not matter whether you are new to the cryptocurrency market or have a trading experience behind you, there is a certain set of truths written by tears, by the blood later on of many private investors and traders, the deviation from which will lead you to inevitable collapse. Do not forget that investing and speculative trading is primarily a job, and it is difficult and tedious. You can learn all the rules of trade, you can be an economist of the highest category, a doctor of mathematical sciences and an astrologist at the same time, ... Read more about " Money management on cryptocurrency market " on coinatory.com

Blockchain for a perfect electoral system

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Online voting through blockchain is recommended by many new start-ups as a way to prevent corruption and falsification of votes, making an accurate assessment. The immutability of the blockchain allows you to automatically count votes, creating real-time counting and identity verification, which goes well beyond the simple checks of the identifiers present in today"s paper voting system. It also prevents the voting of dead people or people who have emigrated. One of the items in the 156-page NASEM report is as follows: "Malicious software ... Read more about " Blockchain for a perfect electoral system " on coinatory.com

Why dApp on EOS is not profitable for developers? (Part 1)

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EOS blockchain, that launched on June 14 after the 340-day ICO, will naturally face many problems as it grows up. "Ethereum Killer" guarantees zero commissions and high scalability, which will allow thousands of decentralized applications (dApp) to co-exist on the platform. According to these indicators EOS wins from its overloaded, expensive and slow ancestor. However, the developers of the first dApps on EOS are concerned about another question: if Ethereum is expensive for application users (any action inside the game or another dApp is ... Read more about " Why dApp on EOS is not profitable for developers? (Part 1) " on coinatory.com

Why central banks don"t care about bitcoin?

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One of the many questions that have become philosophical, which for a long time causes discussions in the crypto community: Will the central banks of the whole world unite and create their own regulated cryptocurrency, as a replacement for existing decentralized coins? However, this issue is unlikely to emerge from nowhere, as digital payments, according to various estimates, will reach a quantitative mark of 726 billion by 2020, as digital payment systems are rapidly gaining momentum, presenting an increasing threat to traditional cash ... Read more about " Why central banks don"t care about bitcoin? " on coinatory.com

What is Tron (TRX)? A Beginner’s Guide

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As the blockchain industry becomes saturated, many exciting projects are still finding their way into space, promising better features than the existing networks like better-secured platform, low transaction fees, etc. An in-depth study of some of these newly released projects would reveal that a lot of them are not worth the hype, but some like the TRON project has shown signs that it will stand the test of time and deliver its promise. The TRON project came under the spotlight sometime in 2017 and has been keeping tracks since last ... Read more about " What is Tron (TRX)? A Beginner’s Guide " on coinatory.com

What is Waves Platform (WAVES)?

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Since the inception of cryptocurrencies, we are fast losing track of the number of altcoins in crypto space. Even new investors seek to create their own digital currency for various purposes, and the result is simply more altcoins. True, the prospect of creating your own digital currency may seem a little complicated for someone who is not skilled in programming and coding, and even more complicated for a computer rookie. To meet these needs, a platform has been developed to help an average individual with no knowledge whatsoever in ... Read more about " What is Waves Platform (WAVES)? " on coinatory.com