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Ethereum and Transactions as Balances and not UTXO

Bitcoin and Ethereum are both open blockchain systems. The similarities between them are numerous. Ethereum is a direct descendant of Bitcoin. Ethereum was born out of frustration with Bitcoin, primarily stemming from its limited scripting language. This limitation in protocol can lead to convoluted results during the creation of higher level applications. Anyone can use either system; all…

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The Bitfinex Hack

The Bitfinex Hack: How'd it happen? By now, most of you have already heard of the Bitfinex hack. If you haven't, here's some background- on August 2nd, 2016, nearly 120,000 Bitcoins were stolen from the site (at the time, 95 Million USD). Trading was halted later that day, and panic ensued. This, by no means, had a…

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Ethereum Classic

Ethereum classic is an altcoin created as a result of the hard fork that Ethereum did to retrieve the hacked DAO funds (I will explain this later in the article). In protest to Ethereum reversing a transaction in an “irreversible, decentralized currency”, they decided to capitalize on the existing and original, yet abandoned blcokchain. This…

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dash

DASH

The ultimate "internet of money" Dash stands for Digital cash. It is a form of cryptocurrency that is quite popular among millions of people today! It is possibly the first form of digital currency that works similar to a physical currency! Transactions here take place without the wait, just like a normal physical transaction of…

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