Cryptocurrency represents an environment that is constantly growing and changing. As this ecosystem evolves and becomes increasingly complex, so does the jargon used most frequently in conversation. Acronyms play a large role in cryptocurrency dialogue, and without knowledge of the terms they refer to, it can be difficult to follow the information being shared. Here are ten of the most popular cryptocurrency acronyms that everyone should have knowledge of.
As cryptocurrencies continue to grow, groups of coins are priming themselves for real integration into worldwide industries. Among these industries, video gaming is perhaps the most ripe for widespread utilization of crypto. While there are dozens of coins seeking to play a role in this inevitable adoption, there exist a handful that are differentiating themselves in order to become the pioneers of this integration.
What is MobileGo?
Among the game coin pioneers is MobileGo (MGO), an Ethereum/WAVES dual-blockchain token launched last summer.
While many cryptocurrencies exist as competitors to or as evolutions of the Bitcoin protocol, there are other initiatives that instead seek to cooperate and bolster the pioneer blockchain. Perhaps the oldest and most profound of these projects is Counterparty, an asset layer created directly on the Bitcoin blockchain.
What is Counterparty?
Counterparty (XCP) is a peer-to-peer financial system built directly upon Bitcoin’s blockchain protocol.
A disclaimer — we are not lawyers and we are not providing legal advice, we are simply sharing some of the experiences that we had in the process of creating our security token ICO, Property Coin.
Disclosure: This is a Sponsored Article
If you’ve been reading the crypto news lately, you might have seen that ICOs are getting some bad press in the US, with many people, including regulators, considering them potentially illegal securities and exposing them to heavy scrutiny from regulators.
Many cryptocurrencies with top market caps rose to their positions after a massive surge – either due to a new development, an explosion of support and hype, or even an unexplained, spontaneous pump. Even more peculiar are coins of the opposite nature – those that appreciate to huge valuations without causing many waves.
What is Veritaseum?
Veritaseum provides its users and clients with several tools dedicated to trading and financial markets.
On Friday, February 9, I had the opportunity to attend a cryptocurrency talk hosted by my school’s computer science club. This event was just one of a plethora of talks that have been taking place at colleges and universities throughout the world.
My college can best be described as a private, liberal arts college in the US with a student body of just under 1,500. The Computer Science department is made up of only four professors and a few dozen CS majors. While the school certainly doesn’t resemble Berkeley or New York University, it is worthwhile to recognize the growth of cryptocurrency taking place everywhere in between the two institutions.
What if I told you that not every cryptocurrency uses a blockchain? And what if I told you that one of the most popular cryptos on the market is a blockchain nonbeliever? Well, you best bet your bottom dollar on it, because today we’re going to get acquainted with the Tangle, a cryptographic alternative to blockchain technology. In addition, we’ll be going over IOTA, the top 15 coin that has popularized the Tangle, and whose developers believe that it’s the future of the cryptographic economy.
In its barest form, cryptocurrency is a digital medium of exchange, designed to be purchased, exchanged, and utilized for a variety of services. It is an intangible form of currency, having no physical attributes other than the computer network or smartphone it sits on, connected to thousands of computers globally.
Dating back to World War II, the need for secure communication and exchanges was essential. Thus, cryptography was born—the process of converting legible information into an enigmatic code, transferring messages securely to and from various, unknown sources.
As both cryptocurrency and blockchain technology become more and more mainstream, several projects are pioneering the push to incorporate this revolutionary tech into economies, markets, and industries worldwide. As international conglomerates, financial institutions, and national governments begin to incorporate blockchains, it is likely that this fusion will only grow.
One such cryptocurrency that has already seen adoption in a number of major industries is ICON (ICX), a South Korea-based project seeking to “hyperconnect the world”.
Altcoin exchanges have been a hot topic recently. Top exchanges earned tens or even hundreds of millions of dollars in 2017, despite users of virtually all exchanges running into frequent and significant problems. Such a huge market, combined with the lackluster nature of top providers, creates a prime opportunity for new exchanges to enter the market and potentially grow on the scale of magnitudes.
For individuals looking for a slice of the pie, KuCoin Shares (KCS) provides an interesting opportunity.
Market capitalization, for new and old investors alike, represents a deceptively complex figure. While many suggest that market cap is the proper way to determine the overall value of a coin, the value displayed by a coin’s market cap is a number that can and is easily manipulated by savvy and often unethical development teams.
When inexperienced investors mistakenly base valuations off of a coin’s price per unit, most investors will advise them to instead check its market cap, which is the price per unit multiplied by its circulating supply.
In bull markets like cryptocurrency, savvy entrepreneurs and deceitful con men have adopted an array of creative approaches to create value for their projects. One such method that has recently been shown as very successful is the act of rebranding.
If you weren’t involved in cryptocurrency at least two years ago, you’ll likely have no idea what DogecoinDark (DOGED) is. However, most everyone has at least heard of its current nomenclature, Verge (XVG). Verge is simply the rebranded version of DogecoinDark – same coin, same protocol, new name, new logo.
Today, there are close to 1,500 active cryptocurrencies, and that number continues to grow each day. Ultimately, it is best to understand as many of them as possible. Of course, a good place from which to start researching is the very top. Here is a brief overview of what each of the top ten cryptocurrencies has to offer:
Created as a response to the global financial crisis in 2008, Bitcoin is the grandfather of cryptocurrency.
During a remarkable year for Bitcoin, and especially the past six months, many altcoins have seen an ever-dwindling BTC price. In response, many traders have shifted their focus to prioritizing dollar profits rather than Bitcoin.
While it is much easier to be USD-profitable while Bitcoin surges, there are still a number of strategies traders employ to continue to accumulate BTC, even while most alts have struggled to keep up with Bitcoin’s massive surge. Here are five strategies that allow traders to continue to profit while altcoins are red across the board.
Imagine that you had over US$100 million worth of Bitcoin rotting away in a landfill and there was nothing you could do about it. Welcome to the world of James Howells, a Welsh IT worker who threw away a hard drive containing Bitcoin he’d mined back in 2009. The Newport South Wales City Council has repeatedly denied his requests to commence digging operations in the trash heap for his treasure trove of digital gold.
One Man’s Treasure Is Literally Trash
“You know when you put something in the bin, and in your head, say to yourself ‘that’s a bad idea’?” James Howells rhetorically asked the Guardian.
As more and more money flows into the cryptocurrency markets, a belief has emerged that to have a worthwhile and profitable interaction with cryptocurrency, a sizable initial investment must be made. For potential supporters without the financial means to do so, it may appear as if their window of opportunity has already passed.
Years ago, the approach to cryptocurrency was completely different. A significant portion of individuals supporting Bitcoin and other currencies did not invest their own money.
If you know how hot South Koreans are for crypto, this may not come as much of a surprise. According to a new survey, 3 out of every 10 South Korean workers have some investment experience with cryptocurrencies.
Nearly 1 in 3 Invested in Cryptocurrency
This Wednesday, web-based job portal Saramin published the results of a survey that included 941 salaried South Korean citizens.
Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, seldom dipping below the top 20 coins, and seems to be continually growing.
It’s clear that BitConnect, which promises daily returns of around 1% for users who “loan” money by locking it up in BitConnect’s systems for a predetermined period of time, is a blatant Ponzi scheme.
In response to US Federal Communications Commission (FCC) voting to repeal Net Neutrality laws, Net Neutrality supporters who fear the worst are looking towards Substratum (SUB) as their saving grace. SUB has seen a significant boom in the wake of the vote, rising into the top 100 on Coinmarketcap recently. It currently sits at #98 with a market cap of just over $100 million.
Substratum is an ERC-20 token aiming to decentralize the internet.
There are over 150 active cryptocurrency exchanges of vastly different volumes with thousands of different trading pairs. While many altcoin traders spend most of their time on Binance, Bittrex, and Poloniex, there are dozens of alternatives that other active traders choose over the larger platforms every day. There are plenty of benefits to be experienced through the use of smaller exchanges, and in some cases, they may be the optimal choice. Read on to find out why.
It’s no secret some larger exchanges struggle with customer support and transparency.
Alongside every crypto market surge, a similar surge of activity in cryptocurrency social media transpires. Popular crypto personalities benefit the most from this activity, gaining huge numbers of new followers. Some of their Twitter accounts have tens of thousands of followers, and sometimes more. These followers are very receptive to the content shared by these accounts, using these accounts’ tweets as major resources in their research.
These prominent individuals, who have branded themselves as successful traders, master analysts, and market gurus, highly publicize their insane profits in order to gain the trust of their followers.
Since the summer of this year, Bittrex has been imposing changes on its users and requiring increasingly detailed verification paperwork. Accounts have retroactively been downgraded in response to these policy changes. As a result, many users have found their accounts disabled, and many more have noticed their withdrawal capabilities locked.
While this began several months ago, the majority of users were affected in November, where Legacy accounts (unverified but registered well before the new verification policy came into play) saw withdrawals limited to just .
If you’re a digital currency fan, then chances are at some point you’ve heard about sidechains. While they are not popular yet, sidechains allow cryptocurrency users to utilize their coins for various purposes on different blockchains, without having to purchase the afferent tokens or develop an entirely new digital currency.
A mental model
To put things into perspective, it is important to understand the 3 main steps of a bitcoin transaction, these being:
The following X coins need to be moved.
Since January of this year, startups throughout the world have managed to raise over US$1.8 billion through Initial Coin Offerings (ICOs). ICOs, also referred to as token sales, are crowdfunding campaigns whereby companies sell digital tokens in order to obtain capital which will purportedly be used to fund business operations, software development, further investment and other initiatives as the company sees fit.
Their rising popularity has made ICOs quite important for startups wishing to raise funds without needing to seek out venture capitalists, host Initial Public Offerings, or get listed on a stock exchange.
The Massachusetts Institute of Technology (MIT) has used bitcoin's blockchain to issue digital diplomas to over 100 graduates as a part of a pilot project.
In an announcement, MIT explained the certificates were issued through an app called Blockcerts Wallet, which allows graduates to securely share a "verifiable" and "tamper-proof" digital version of their diplomas with prospective employers and others.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...