“The new gold” “Digital gold” “The mother of all coins” as many define it. Bitcoin, the first cryptocurrency to provoke governments and banks and their fiat currencies with a decentralized infrastructure. At least, that is idea that lies behind the pseudonym Satoshi Nakamoto. To achieve this, the blockchain is used to connect peer-to-peer users to have transactions carried out to each other (using the SHA-256 algorithm). Partly because of bitcoin, blockchain has been introduced as a new platform to the world, from which many creative innovations flourish. At the end of 2017, bitcoin rose to a record high of $ 20.000,- according to coinmarketcap, which led to a worldwide mass flow of interest and adoption in society. Nowadays, BTC is seen more as an asset or commodity of value than the technology it holds.
In 2014, Vitalik Buterin set up a start-up called Ethereum, which provided a groundbreaking platform that allowed him to change the internet. In order to raise money, he set up an ICO for which he collected money. Each investor received a proportionally investment in a number of Ether. One Ether token was only € 0.25 at that time.
The concept of Ethereum and the token Ether can quickly cause confusion. The most important difference between Ethereum and other cryptocurrencies is that it not only has a cryptocurrency, but also an environment for developers. In this environment, everyone can take advantage of blockchain technology to build their own projects and dApps (decentralised apps) through smart contracts. You can see Ethereum as the Internet and dApps as websites that run on it. Every transaction made on the blockchain is recorded and measured in ‘Gas’. The price of this ‘gas’ is paid by the applicant in Ether. So Ether is the currency with which everything in the Ethereum network is ‘paid for’. When people talk about ETH, they are actually talking about the value of the Ether in their respective Ethereum blockchain.
The ‘sister’ or ‘brother’ of bitcoin. Litecoin is a hard fork of the bitcoin. Hard fork is a software-based split of a running blockchain in which a new course of a blockchain is created. Charlie Lee, a former Google employee, created Litecoin in 2011 with the idea of improving and replacing the concept of bitcoin.
Improvement is the algorithm from SHA-256 to Scrypt, which allowed LTC to be mined by means of GPU, a higher number of coins to be issued and faster confirmations of transactions. In December 2017, Charlie Lee sold and donated all of his Litecoins. He would have done this in order to separate his influences on the value of Litecoin, for his own benefit.
To solve a problem in the bitcoin structure, a hard fork was needed. At least, that was found by a number of influential individuals in the bitcoin community, including Roger Ver and the CEO of Bitmain. It is the most known and most controversial fork in cryptocurrency world. Roger Far was known as the ‘face’ of bitcoin. Until the day he opted for the split, he started promoting Bitcoin Cash. The problem with bitcoin is the scalability of the blocks in the chain. Bitcoin can process 1mb per block, whereby Bitcoin Cash can process 8mb per block. As a result, the transaction speed will increase and the costs will be lower because it is possible to process more transactions per block.
Due to the split, the original bitcoin is nowadays called as Bitcoin Core. Apart from the fact that the intentions to ‘fork’ bitcoin was not shared in the bitcoin community, Bitcoin Cash continues to keep a controversial ‘scam’ image as everyone who had bitcoin in his wallet at the time received Bitcoin Cash in proportion to Bitcoin. ‘The idea of the rich getting richer.’
The organisation was set up in 2012 and instead of focusing on creating a decentralised network and sidelining the banks, Ripple wants to connect all financial institutions like banks, payment providers, digital exchanges and companies to the RippleNet. The aim is to use XRP to send money faster worldwide via a single centralized blockchain, whereby banks, for example, can continue to monitor transactions. XRP is the currency on the RippleNet that serves to enable transactions such as Ether on the Ethereum blockchain.
A unique functional aspect is that the XRP network is extremely fast. For comparison, bitcoin processes approx. 15 transactions per second, while Ripple can process 1500 transactions per second. Because it is centralized, large banks join forces with Ripple to possibly apply the blockchain technology behind the XRP in their own structure. These are banks such as UBS, Santander, Bank of America, but companies such as Google also support blockchain technology. You can see Ripple as a competitor to the SWIFT system, where it then operates on a centralized blockchain protocol.
In July 2016, a fork of the Ethereum blockchain took place. This fork gave rise to Ethereum Classic. The classic lives up to its name, because it is the first original Ethereum blockchain. So the current Ethereum blockchain is a new ‘improved’ mutated version of the original blockchain that would have been hacked. The code of the DAO, or Distributed Autonomous Organization, would have contained a bug that would have allowed a malicious party during the DAO ICO, by one investment, to realize multiple DAO payouts which ran into many ‘stolen’ millions. DAO was Ethereum’s ‘project’. It was a smart contract that would make it possible to set up a decentralised investment company without personnel and intermediaries, which would have made investments financially advantageous and would have allowed investments to be realised more quickly. In the Ethereum community a division had arisen because it was felt that it should be a hard lesson for the Ethereum and that the losses could not be recovered. 89% were behind the fork and bug to repair and retrieve the stolen DOA. The remainder could not accept that the recovery of the coins was admissible and supported Ethereum Classic. However, according to co-founder or Ethereum, there were already two Ethereum’s from the beginning without knowing about their existence. The same applies to Ethereum Classic and the GAS token ETC as to Ethereum, which are used to finance transactions.
Zcash, formerly ZeroCoin, is the first privacy driven cryptocurrency that is inspired by bitcoin and combines its technique, but has its own independent blockchain. This crypto is the result of a collaboration between the ZeroCoin team and technical experts in the field of cryptocurrency. Zcash uses the zk-SNARK technique, which stands for: zero-knowledge Succinct Non-interactive ARgument of Knowledge. This technique refers to a pilot construction in which it can be demonstrated that certain information, such as a secret key, is in the possession of the sender without revealing that information, and without interaction between the sender (evidence) and recipient (verifier). Apart from the fact that Zcash is driven by anonymity, the user can choose to keep the content and information of the sender and receiver out of the radar.
Brave, the web browser founded by Mozilla co-founder Brendan Eich, held an initial coin offering (ICO) in May 2017 with the issuance of BAT. Basic Attention Token or BAT is a utility token, based on the Ethereum (ERC-20) technology, which is used as a unit of account between advertisers, publishers and users in a new blockchain-based digital advertising and service platform. The ICO was very successful, collecting 35 million dollars within 30 seconds.
The tokens are intended for use on the BAT platform, a new blockchain-based digital advertising and service platform linked to the web browser Brave. The token is not a substitute for fiat, paper of value, a good or any other financial instrument.
“Digital advertising is broken.”
Basic Attention Token improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers and users. Advertisers buy ads with BAT tokens, which are distributed among publishers and consumers who view ads. The publisher receives tokens to host the ad and the consumer to view the ad. The value of the token is based on the user’s attention, which simply means that a person is focused mentally involved.
Source: BAT triangle
Given the open source nature of the project, the company expects that, when developing the BAT protocol, developers from third parties will come up with new applications for the token. A number of these applications could be:
By Jeroen Modified 12/03/2019
“Unbank the banked“. It could come straight from Satoshi’s paper. With this slogan saw OmiseGo (OMG), from Bangkok after an ICO, the light of day in July 2017. The ICO raised a phenomenal $25 million within one month. The company behind the crypto is called Omise, which was founded in 2013 by Jun Hasegawa.
OMG is a cryptocurrency and also a decentralised exchange, liquidity mechanism, clearing house and asset supporting blockchain based on Ethereum. Unlike almost all other decentralised exchanges, OmiseGO makes decentralised exchanges of other blockchains and between multiple blockchains, directly possible without a trusted gateway token. The blockchain is scalable, fully public and permissionless of which the Proof-of-Stake consensus is tied to the activities of the chain itself. Scalability is achieved through the use of Plasma, Ethereum’s scalability solution. The plasma construction not only ensures scalability, but also cheap security and settlement for all financial applications that will run on the OMG network.
When Vitalik Buterin, founder of Ethereum, published the whitepaper for the plasma platform, the project team immediately announced that their solution would be built on Plasma.
As a result of this news, OMG’s share price rose by 250% in just a few hours and OmiseGo became the largest project on the Ethereum blockchain with a record market capitalization of more than a billion dollars.
The team highlights the following three main functions for both the wallet and the blockchain:
Access: To get access to the exchange, there is no bank account required and OmiseGO has national fiat currencies in reserve.
Scalability: Direct calculations and low costs are the main features of the platform.
Security: OmisoGO offers a decentralized crypto and its storage.
By Jeroen Modified 12/03/2019
Stratis is a Fintech company that was founded in 2016 and offers an interesting development platform to organisations and companies. This platform, called nStratis, allows companies and organizations to develop blockchain applications in C# using the Microsoft .NET Framework. In this way, they open doors to one of the most widely used programming languages for developers. In addition, through side-blockchains, the Stratis platform allows companies and organizations to test and deploy their custom blockchain-based applications in the cloud without having to maintain the network or entire clients themselves and without influencing the public blockchain. These blockchains can be customized to the needs of the companies and can even be used to imitate the features of popular blockchains such as Ethereum or Lisk.
STRAT, Stratis cryptocurrency, serves as a ‘gas’ for the platform and is used, among other things, to transfer value to the public Stratis blockchain and its side-blockchains.
Stellar Lumens, a competitor of Ripple, created by one of the founders of Ripple, Jed McCaleb. However, there is a big difference between the two. Stellar focuses on the consumer by means of simplicity and scalability, in which Ripple mixes with large companies such as Google and financial institutions such as banks such as Santander. Stellar is also familiar with its collaboration with giants, namely IBM. As a result of this cooperation, a payment service has been developed for payments between different Pacific countries (Pacific Rim). Stellar is also a competitor of SWIFT, but Stellar has a great advantage, namely that the receiver and the sender can choose the desired currency for the transaction. In order to facilitate this transaction, there is Lumens (XLM). Unlike bitcoin or dash, the Lumens are used to pay for transactions that are sent over the Stellar blockchain with fiat currencies such as Euro and Dollar. You can see Lumens as a bridge between the different currencies involved in a transaction.
In 2014, Darkcoin was renamed to Dash, which stands for digital cash. It is a kind of basic bitcoin, but with a blockchain where semi-anonymous transactions are possible. The focus is not fully on anonymity, but more on replacing the current currencies through decentralization, like bitcoin, but faster, cheaper and more effective. Transactions are sent and processed immediately.
As bitcoin is accepted in some restaurants and retail outlets, Dash is also accepted as a means of payment. To make it more accessible and approachable in Europe, a physical office called Dash Embassy D-A-CH, is settled in Lübeck, Germany.
Antshares, that’s where it all started at the Chinese company Onchain in 2016. In July 2017, the name was renamed to NEO, making it the first public open source blockchain in China. Also called the Chinese Ethereum, because it also uses a blockchain where smart contracts are possible. As a result, just like Ethereum with Ether, there is also a currency with which the transactions are paid for on the network, called GAS. Due to the ‘Great Firewall of China’, bitcoin has difficulty getting off the ground, like any other Western multinational, and was even banned from using bitcoin. Where bitcoin is struggling in China, NEO has received support from the government to position itself as a cryptocurrency. Because the economy in China is growing explosively, they could benefit from this, provided that it keeps up with all the developments in the crypto world. Unlike other crypto it is not subdivided into decimals. Meaning, you will always have to buy or sell an entire coin.
NEM, launched at the end of May 2015, stands for the New Economy Movement. It is an extensive and unique platform where multiple applications are possible on the blockchain. NEM offers opportunities such as digital voting, smart contracts such as Ethereum, messaging, exchange, and cryptocurrency, which makes it primarily intended for businesses. It is expected that more functionalities will be added in the future, as NEM has a dynamic blockchain technology. The name for NEM’s cryptocurrency is XEM. The XEM algorithm triggers the Proof-of-Importance algorithm. This algorithm is based on the Proof-of-Stake algorithm. PoS is only about owning the coin. However, PoI is all about owning and using the coin. You will be rewarded for using coin! It only becomes interesting if you have more than 10.000XEM in your wallet.
In January 2018, NEM was in the news because hackers had stolen $530 million from XEM at the Coincheck exchange. Later, these stolen coins were found on various exchange exchanges in Canada and Japan.
Qtum (quantum), a hybrid of Bitcoin and Ethereum set up by the Qtum Foundation in Singapore, is an open source blockchain. It is called a hybrid blockchain, because it uses Bitcoin’s security and stability with Ethereum’s efficiency and functionalities (smart contracts and dApps). With the bridge between Bitcoin and Ethereum, like Ethereum, they want to be the solution to offer smart contracts for companies and dApps for developers on a trusted basis. In March 2017, PwC (PriceWaterhouseCoopers), the large multinational, showed great potential in the crypto as an interesting blockchain for their business operations with a platform for smart contracts.
0x (ZRX), pronounced Zero x, is a protocol that allows decentralized exchange of tokens and assets on the blockchain of Ethereum. Developers can use 0x to create their own cryptocurrency exchange applications with a wide range of features, for example the ability to trade over-the-counter tokens issued on the Ethereum blockchain. The ZRX token is used by developers to transfer commissions. In addition, the tokens are also used to implement a decentralized management of the blockchain protocol update mechanism, allowing the replacement and improvement of the underlying smart contracts. As latest is called ‘relayer’.
A relayer is a party or entity that hosts an off-chain order book. They offer a way for users to add, delete and update an order book via an API, GUI or both. By doing this, relayers help traders discover counterparties and cryptographically signed orders between them. Once two parties agree on the terms of an order, the order is handled directly on the Ethereum blockchain via the 0x protocol.
“Create a tokenized world where all value can flow freely.“
0x is the critical infrastructure layer in the emerging financial stack, built on a foundation of Ethereum token standards. Developers who need exchange functionality for ERC 20 tokens, ERC 721 tokens or any new type of asset can easily integrate the 0x protocol into their application.
Since the launch of 0x v1 in August 2017, the team has grown from six to fifteen team members. The team behind the decentralized exchange protocol 0x has raised $24 million of ether, the cryptocurrency of the Ethereum network, in an Initial Coin Offering (ICO). The token sale took place between August 15 and 16, 2017 and was collected from a group of 12,000 backers.
In September, v2 of the 0x protocol was launched. Will Warren, CEO, shared the following:
“We are incredibly excited to announce that we have completed mainnet testing for 0x protocol v2.0! After over a year of development, and numerous rounds of internal and external security audits, we are confident that this new system of Ethereum smart contracts is one of the most highly vetted systems on the Ethereum blockchain. “
The new version of the protocol provides further depth in modules and extensibility, allowing developers to further develop its applicability. By communicating the mission, vision and core values of the organization externally, they hope to give the community a stronger sense of why they work at 0x today.
0x (ZRX) recently came big in the news. It was added to Coinbase’s portfolio in October 2018. The listing was unique and caused a price increase, because it was the first token Coinbase offered on their platform. Not much later Basic Attention Token (BAT) followed a listing on the exchange.
By Jeroen Modified 12/03/2019
Verge Currency was set up in 2014 under the name DogeCoinDark. Let’s quickly forget that name, which was renamed Verge Currency in 2016. Verge is a cryptocurrency that is fast, flexible, completely private and completely anonymous, but most importantly it is a cryptocurrency built with the idea of supporting widespread mass consumption. It enhances the original Bitcoin blockchain and aims to achieve the original goal of providing individuals and businesses with a fast, efficient and decentralized way to make direct transactions while preserving your privacy through the use of Tor and I2P. The Wraith protocol was launched in November 2017. An important milestone for Verge. Because this innovative system allows users who appreciate transparency and liability, for example sellers, to display transactions that are visible on the blockchain. In addition, the possibility of completely eliminating the transactions remains.
Verge uses a multi algorithm mining support with five different hash functions. This allows to mine XVG with different equipment, which ensures a wider audience of users. The maximum supply of coins has been capped at 16.5 billion XVG. Verge has one disadvantage in vain, and that is that it has many competitors, including Monero, DASH, Zcash and PIVX. It will therefore have to offer more than just an enthusiastic team and a roadmap.
That crypto can have unexpected twists and turns, we know that like no other. Yet, there is still something like the superlative. On 17 April 2018, the day of the major announcement, Verge announced their collaboration with Pornhub (and various sister publications). ‘The future has cum’ as the title of the notice suggests. This became world news, because no one saw this coming. Through this collaboration it is possible to buy a membership with Verge Currency.
By Jeroen Modified 12/03/2019
TRON was founded in September 2017 by current CEO Justin Sun and is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. Like Ethereum, TRON has a decentralized blockchain with its own cryptocoin called Tronix (TRX) supported by a Proof-of-Stake consensus. The blockchain supports smart contracts and high throughput capacity that underlies all decentralized applications in the ecosystem. It is therefore seen as a future operating system on which developers can build and establish their own decentralized applications.
With the following topics they want to secure the future:
On May 31, 2018, TRON launched its own mainnet (blockchain) Odyssey 2.0 and prepared to renounce the ERC-20 protocol of Ethereum. On June 25, 2018, the genesis block was created whereby the independence was celebrated greatly. After the launch of Odyssey 2.0, TRON acquired BitTorrent for $126 million, a pioneer in peer-to-peer file sharing, expanding its ecosystem with 100 million new members.
By Jeroen Modified 12/03/2019
On Thursday, November 15, 2018, Bitcoin Cash underwent a controversial hard fork, creating two new cryptocurrencies: Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Bitcoin Cash ABC (BCHABC) is presented today as the old Bitcoin Cash (BCH).
Bitcoin Cash was created through an internal conflict with the old Bitcoin team, that included Roger Ver, and forked the new crypto. A little later, Craig Wright joined the Bitcoin Cash team. Craig Wright is an Australian millionaire who became ‘famous‘ in 2016 by claiming that he would be the real mysterious Satoshi Nakamoto. Supporting facts are still lacking.
Due to a difference in ideologies, visions and influences including those of CoinGeek Mining, a difference of opinion arose between Roger and Craig which led to a hard fork of Bitcoin Cash. After the fork, the battle for each miner and hash arose and led to disastrous consequences, called the Bitcoin Cash hash war. One that will be talked about for a long time. The battle caused a drop in Bitcoin and altcoins, which even the experienced traders were looking forward to. More than $70 billion of market capitalization evaporated within two weeks.
Bitcoin SV focuses on the following four pillars with Satoshi’s vision in mind:
To ensure that Bitcoin Cash can truly act as a global currency, it is necessary to demonstrate that the platform is ready to process the transaction volume on the required scale. The Bitcoin SV roadmap is focused on delivering capacity increases, through larger standard miners and configurable block sizes and performance improvements. To enable massive scale-up, Bitcoin SV will pave the way for the BCH blockchain to support significantly higher transaction volumes and higher transaction costs pay-out for miners. This is important for miners to maintain profitability, as the reward will halve again in 2020 (from 12 BCH to 6.25 BCH per block), and halve again years later.
Companies, especially the largest ones, need stability before they can operate on a technology platform. Repeated, unnecessary and unproven changes to the Bitcoin-protocol may harm the economic incentive structure and security of the blockchain. They can also create significant uncertainties for large companies that need to plan years in advance and deploy significant resources before deciding to build applications and projects on Bitcoin Cash.
When crypto is used as a currency, one must be prepared for a level of security that is consistent with a global monetary system. To do this, the Bitcoin SV project has focused on strict quality assurance for the mining node software.
This is achieved by implementing rigorous test phases with full traceability throughout the chain, to ensure users that changes go through a formal and rigorous validation process before they are accepted. In this respect, Bitcoin SV strives for levels of quality assurance, for example in mission-critical industries such as aerospace, medicine and national security.
Direct transactions are the key to unlocking the brick and mortar trade for Bitcoin Cash payments. Security improvements can be made to better secure immediate transactions for the future, and the Bitcoin SV roadmap treats secure immediate transactions as a key priority.
By Jeroen Modified 12/03/2019
As NEO is called the Chinese Ethereum, so is this crypto called the Japanese Ethereum. The algorithm of the blockchain is called Ouroboros, which originates its name from an Italian mathematician professor. In 2017 it went live after a two-year ICO. Cardano has been developed through collaboration with IOHK (Input Output Hong Kong).
To separate the transactions and the smart contracts they use two different layers in the blockchain in compare to Ethereum. One layer is called Cardano Settlement Layer (CSL) for processing transactions. The other is called Cardano Computation Layer (CCL) for programming, processing and executing smart contracts. By having two chains running in parallel, usage of capacity is limited and therefore makes it more scalable. In order to carry out transactions on the CSL, there is the cryptocurrency ADA, such as Ether for Ethereum.
Monero is a cryptocurrency like bitcoin, but with a focus on privacy and anonymity. Monero was launched in 2014 and is today competing in the top 20 cryptocurrency list based on market share. XMR is a secure, privately located and untraceable cryptocoin. Because of these properties, it is loved in the underworld and is mainly used to send transactions through the dark web. This is made possible by the technique of ‘ring signatures’. Ring signatures ensure that the public encryption keys of the users mix up, as it were, so that the transaction can no longer be traced back. Nor does the user have to worry about overloading the network. This is due to the dynamic structure of the blocks on the blockchain where the network adapts to the amount of transactions. Competitors of Monero are DASH, Zcash, PIVX and Verge.
“A permissionless distributed ledger for a new economy.” This is how IOTA defines its blockchain. The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines. IOTA’s blockchain does not consist of transactions grouped into blocks and stored in sequential chains, as with bitcoin, but as a stream of individual transactions entangled together.
Blockchain technology promised a compelling vision: decentralized networks allowing open innovation and peer-to-peer transactions without intermediaries or fees. Ultimately, they were never built to execute it in full, due to inherent technical flaws in their design. As blockchain adoption has increased over the last decade, early adopters have been hit with sluggish transaction times and skyrocketing fees. As rewards for validating blockchain transactions became increasingly competitive, their networks have also become increasingly centralized around a few powerful players. But the need for decentralized and permissionless systems remains, and has only increased in recent years.
By solving the inefficiencies of the blockchain, IOTA, based on the revolutionary distributed ledger technology, the Tangle, is the missing link for the Internet of Things and Web 3.0. Powering a secure, scalable and feeless transaction settlement layer, IOTA will empower machines and humans to participate in flourishing new permissionless economies.
In the second quarter of 2018, IOTA launched the Qubic protocol on its blockchain. Which is not a new coin or token! Qubic is a protocol that specifies IOTA’s solution for quorum-based computations, including such constructs as Oracle machines, outsourced computations, and smart contracts. It provides general-purpose, cloud- or fog-based, permissionless, multiprocessing capabilities on the Tangle. In the long term, Qubic will allow people to leverage world-wide unused computing capacity for a myriad of computational needs, all while helping to secure the IOTA Tangle: an IOTA-based world supercomputer.
The original Qubic idea had some hard to overcome problems. The IOTA protocol was, in fact, created to help solve those problems. Indeed, IOTA was designed to become the global standard for Internet of Things messaging and payments.
By Jeroen Modified 12/03/2019
Dogecoin can be seen as bitcoin, but less seriously. It is, in fact, a joke that has gone out of control. It is a cryptocurrency that is called an altcoin, as it were. Developers Billy Markus and Jackson Palmer created the parody pseudoanonymous developer; Shibetoshi Nakamoto, based on Bitcoin’s Satoshi Nakamoto, who developed the cryptocurrency Dogecoin. The hilarious set-up and playful marketing with the representative dog Shiba Inu defied the cryptower world, but is now a formidable player on the market. Dogecoin’s market value passed the billion dollar mark in 2018, but has since fallen sharply. It remains a popular community crypto due to the cries of “much WOW”, “such crypto” and “very currency”. In 2014, a Nascar team was sponsored by a Dogecoin collection campaign. Of course the Shiba Inu was not missing on the car.
When PIVX, which means Private Instant Verified Transaction, was originally developed and forked from DASH in February 2016, it was originally called Darknet (DNET). But unlike DASH, it is a Proof-of-Stake cryptocurrency with an enhanced POS mechanism. After the fork, with more community involvement, it was named to PIVX in January 2017 to reflect the underlying vision, mission and ideal. After its rebranding and improved marketing efforts, excluding ICO and premine, PIVX increased by 54,118.75%, which is an unrealistic performance. To put that into perspective, if you had invested a nominal € 100,- you would now have more than € 54,000,- from that one investment. PIVX has no maximum amount of coins to be issued, such as Bitcoin or DASH. But PIVX’s offer is increasing by about 2.6 million each year.
PIVX’s pillars are focused on privacy, freedom, technology and positively driven management. In doing so, they are trying to achieve their goal of decentralization, close to direct private transactions and a model of community-based governance that makes it better than DASH and other cryptocurrencies.
Peercoin is a peer-to-peer cryptocurrency derived from Satoshi Nakamoto-san’s bitcoin and launched in 2013. It’s the first cryptocurrency to combine the Proof-of-Work with the Proof-of-Stake algorithm, which generated a lot of enthusiasm in the cryptocommunity. This was because Proof-of-Stake the network is hacker-protected and less stressful for computers. The number of coins that can be issued is infinite compared to bitcoin, which has a limit of 21 million. The infinite limit is offset by a steady annual inflation rate of 1%. Besides PPC mining there is also the possibility to mint Peercoin. The minting earns about 1% per year, which is a separate reward for coins that you can collect via standard PoW hashen. Coins stored in your wallet are eligible to be issued after a period of 30 days, and the more you mint coins, the more chances you have of earning additional PPC. For minting is specific hardware is needed, but minting can be done on practically any device.
In vain, Peercoin belongs to far-reaching glory. This is partly due to the enormous growth in new technologies in the blockchain and improved cryptocurrency variants.
Smart Dutch people who were able to use bitcoin’s technology to respond to the sentiments of the Dutch people. The cryptocurrency Gulden was introduced in April 2014. The premine is 10% with 1% for premiums and is not distributed. The total number of coins that can be minted is 1.6 billion and the block time is set to 150 seconds. Using the Nocks app, a mobile wallet for NLG, you can already pay at more than 40 shops with this app. That is the main attraction of this project. Reducing the payment with Guldens will evoke nostalgic feelings in many Dutch people. The Netherlands is a country in which crypto is popular, so for the time being we will certainly look favorably at Dutch blockchain projects. If the Gulden Team can continue to develop the project, 2019 will be a good year for the Gulden.
BlackCoin (BLK), formerly known as BlackCoin (BC) developed by Pavel Vasin (rat4), is an open-source peer-to-peer cryptocurrency initially created from Novacoin in November 2014. After a short Proof-of-Work (scrypt) period, BlackCoin has switched to a Proof-of-Stake algorithm whereby a compound annual interest rate of up to 1% is paid to the interested parties, depending on the number of coins used. From a technical point of view, BlackCoin’s confirmation time of only 64 seconds makes it one of the fastest blockchain. The PoS algorithm can be used to mine and minimize energy consumption. However, the most important advantage of BLK lies in something else. The most important examples of this are the continued support of the core development team, the continuously build on the infrastructure and the community, their own smart contract platform BlackHalo and their own decentralized exchange called NightTrader.
EOS was first announced in 2017 by the company Block.one, after having raising money through an ICO for almost one year. The fundraising generated a reported value of $4 billion, which many believe is the largest amount ever raised by a team to create a custom cryptocurrency. The crypto has served for a long time as an ERC-20 token on the blockchain of Ethereum. To ensure a good spread of the token, nearly 1 billion tokens have been released. On June 2, 2018 at 22:00 the developers said goodbye to Ethereum’s blockchain and switched to their own mainnet, called EOSIO.
The goal of the blockchain is to provide decentralized application hosting, smart contract capabilities and decentralized storage of business solutions that solve the scalability problems of blockchains such as Bitcoin and Ethereum, as well as eliminating all costs for users.
VeChain is developed, from the skyscrapers in Singapore, for the use in a number of industries such as automotive, medical & healthcare, luxury & fashion, liquor, agriculture and logistics. The goal is to make the supply chain more efficient, transparent and cost-effective by using blockchain technologies. With this application, different companies can track items at each stage in real time and verify information. This is done through VeChain Identity Technology (VID) which provides a physical way to track a product.
VeChain (VEN) was rebranded in February 2018 to VeChain Thor (VET), a marketing stunt that has proved successful for many projects. Raiblocks recently transformed itself into NANO, resulting in a huge increase in value. After the rebranding to VET, the company has also announced a collaboration with Oxford University. This university, as part of VeResearch, will assist in the technological development of its platform.
Companies such as PWC, Renault Group and BMW have entered into a partnership to apply the possibilities of VeChain Thor in their business processes. Because of this, VeChain cannot be ignored. BMW is not the only car manufacturer that has entered into an alliance with a blockchain company. Volkswagen has partnered with IoT blockchain company IOTA.
The crypto VET can be bought or sold from various brokers, and the transactions are tracked on the blockchain. So it is always known where it is held and whom owns it. If you keep VET in the VeChain wallet, you generate a second crypto called Thor. Thor is the currency that is used to pay for services on VeChain’s network. Like Ether on the Ethereum’s blockchain.
So if a company wants to use the network for supply chain purposes, which is just one of many applications, it will have to pay an x amount of Thor for the transactions made on the blockchain as the company information moves through it.
By Jeroen Modified 12/03/2019
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<a class=”btn btn–smaller” href=”https://augur.net” target=”_blank” rel=”noopener”>Website</a> <a class=”btn btn–smaller” href=”https://coincompare.cc/wp-content/uploads/2018/06/Augur-whitepaper-CoinCompare.pdf” target=”_blank” rel=”noopener”>Whitepaper</a> <a class=”btn btn–smaller” href=”https://etherscan.io/token/REP” target=”_blank” rel=”noopener”>Blockchain explorer</a> <a class=”btn btn–smaller” href=”https://en.bitcoinwiki.org/wiki/Augur” target=”_blank” rel=”noopener”>Wiki</a>
By Jeroen Published 12/03/2019