Why do they fail? How do they fail?
If you've ever tried trading altcoins before, you know there is lots of profit that can be had out there but also a fair share of risk. But why do some altcoins fail? How do some skyrocket?There are a few key things that can guarantee an altcoin's…
Archive
Ethereum, a smarter currency
Ethereum is a cryptocurrency platform that was initially presented by, then 19-year-old, Vitalik Buterin in 2013. The official launch of Ethereum occurred in 2015 after a very successful initial crowd sale. Ether, the token currency fueling Ethereum, is very similar to Bitcoin in that it is a decentralized cryptocurrency that publishes…
Peercoin is a decentralized cryptocurrency that is based on Bitcoin. The main difference between Bitcoin and Peercoin is that Bitcoin uses Proof of Work whereas Peercoin hosts a Proof of Stake system (more details on this later). Peercoin is an innovative altcoin with a bright future.
Difference between proof of work and proof of stake
Proof…
Bitcoin is the first successful cryptocurrency, rising to prices above one thousand dollars before it settled to the current range of between six hundred and seven hundred dollars. But how is Bitcoin generated? The creators of Bitcoin actually came up with a really smart way. Bitcoin is generated through Bitcoin Mining. Whenever a miner ‘mines’…
Gambling
The guilty pleasure that most of us enjoy, but don't want our friends and families to know about. As little as five years ago, the only way to gamble was to go to a casino, and in the US the only casinos were in Las Vegas. That meant you had to spend thousands of dollars…
A successful hard fork
The DAO (Distributed Autonomous Organization) was supposed to be an innovative and exciting new organization. The first corporation with NO legal paperwork, where all shareholders have say equal to their share of the company decided by how many DAO tokens they held (think stocks). When the DAO was first released and…
What is STEEM?
STEEM is an upcoming and explosive altcoin. Made to incentivize users to use the social media platform steemit, it's the first altcoin that you can get without mining or buying. Steemit rewards it's users with STEEM for creating content, commenting, and up-voting. But STEEM is not like other altcoins. When you participate…
There has been an attack on the DAO! The attacker is currently siphoning the Ether in the DAO into a "child DAO". Simply put, this person saw a weakness in the platform and exploited it thereby emptying about 40 million dollars worth of Ether. The hack was aimed at the re-entrancy problem in the Split DAO…
What is the DAO?
In April 2016, there was a launch of a new organizational structure known as a decentralized autonomous organization, also referred to as the DAO. This organization comprises of smart contracts that are incorporated into Ethereum blockchain and it has already raised more than 41 million dollars, making it one of the most…
What Makes Ethereum Unique?
Ethereum has received a lot of attention since it was released in early 2014, by Vitalik Buterin. Ever since then, it has gained popularity and as a result, many people are constantly comparing it to Bitcoin. It is crucial for potential investors to know the differences and similarities between Ethereum and Bitcoin.
Bitcoin…
