Altcoins

The crypto space is rapidly expanding and in-comes different token models with additional features leveraging varied mechanisms. Tokens in the crypto space are categorized into either inflationary or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period.  A well-demonstrated example of an inflationary token is Bitcoin, which is released 12.5 new coins every 10 minutes to reward miners for mining the next block. However, not all inflationary tokens are…

Ethereum Classic (ETC) is an open-source blockchain network embedded with smart contract technology. It operates on the Turing-complete virtual machine of Ethereum, and it is known as the real Ethereum following the hard fork that took place some years back to yield the new Ethereum we popularly know. Ethereum Classic in a Nutshell It is the original Ethereum, which kept its blockchain distributed ledger intact following the hack of funds deposited in the DAO smart contract.  It has a total…

In the corporate world, there is nothing like "free money." Whenever you pull such a stand, there is always something attached to it. Even if you might not be able to see it at the moment, it will eventually materialize and take you hostage.  However, in cryptocurrency, "free money," usually referred to as "Airdrops," is quite common and comes with no strings attached. For you to be eligible for an airdrop, however, there are specific requirements that you must meet…

Monero is a cryptocurrency that emphasizes privacy and fungibility concerning all transactions on its blockchain network. It was created in April 2014 to make transactions private. Bitcoin, Ethereum, and other cryptocurrencies developed into the crypto space were easily traceable, and Monero was created to ensure complete financial privacy. Monero, in a nutshell Monero is a secured privacy coin. Its transactions are untraceable with the use of Ring signature's privacy features. It's highly secured by a solid decentralized cryptographic network making…

Pump and dump schemes are typical in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making a quick profit, they are risky. Unfortunately, new crypto investors don't know much about these schemes and often fall prey to the scams.  Trading in cryptos is risky; therefore, it helps to know what to avoid and how. This article will delve into the details of the cryptocurrency pump-and-dump schemes. What…

The IOTA network has made giant strides toward real-world adoption in the three years of its existence. The project's developers used the Coordinator as a vital element in ensuring the funds' security. The Coordinator is a security mechanism that prevents double-spends and provides transaction finality. IOTA announced the launch of Coordicide in May 2019. This upgrade removes the network's centralized Coordinator. As stated in the press release, Coordicide aims to provide a new type of decentralized mechanism for securing data and…

The long-awaited launch is finally here, and investors are now anticipating what this launch means and how it will shape the blockchain market. Cardano's testnet went live on December 15th, 2019, and within 24 hours of going live, Cardano holders had staked over 5 billion ADA coins worth roughly $195 million.  According to a Twitter report by the research and development company behind Cardano IOHK, over 120 staking pools went live within the first few minutes of operations. The tweet…

Since you have stumbled upon this article, you must have heard about Tezos or the good stuff this project is doing in the crypto space. Getting right into it, Tezos is one of the few projects developed from scratch, unlike most cryptocurrencies that have taken after Bitcoin's infrastructure.  As far as the long list of merits of the Tezos blockchain goes, it depends on a less power-hungry algorithm than Bitcoin or Ethereum. The algorithm is less computationally rigorous and less…

Bitcoin Cash (BCH)  was forked from Bitcoin on August 1, 2017, due to a dispute about increasing the block limit size from 1MB, as set by Satoshi Nakamoto, to 8MB. Satoshi's 1MB limit size made the Bitcoin network very slow, primarily when its number increased significantly in 2017. Bitcoin Cash in a Nutshell It was launched on August 1, 2017, as a hard fork of Bitcoin. Its block limit is 8MB compared to 2MB on the bitcoin network. It's the…