Show Posts
|
Pages: [1] 2 3 »
|
I do not think IOTA has the potential to dethrone Bitcoin. At the moment IOTA does not even have a working product. They can handle 25 TPS (significantly more than Bitcoin) and provide free transactions only because the IOTA Foundation runs a closed source Coordinator node that is completely responsible for determining what transactions get added to the Tangle. This is how they solve the double spend problem and provide security to the network. However, this is no better than if I were to create a cryptocurrency by hosting a MySQL database behind an Nginx server I control. I could make similar claims to the IOTA Foundation in support of this cryptocurrency. I could provide free transactions, I could say I could way out-scale Bitcoin, Ethereum, and any other decentralized cryptocurrency, and I could boast about the much smaller environmental footprint of my centralized setup.
Bitcoin has the obvious first mover advantage and they are completely different in too many ways to list here. A good way to see Bitcoin is like physical gold. Yes, it's money, but are you going to use it to buy a cup of coffee? Difficult to use for small transactions, but a definite store of value. Based on the blockchain protocol so at present, unhackable. IOTA was designed differently, and for a different purpose
Nonetheless, do you think IOTA can dethrone BITCOIN
|
|
|
As of now, I would say blockchain for a few reasons. First off, Tangle it is not as proven or tested. IOTA has not had nearly the amount of users that Bitcoin has. Actually, MIT even released a post about some of IOTA’s vulnerabilities after some testing, which IOTA has since fixed, they claim
|
|
|
In an IEO there is more authenticity than an ICO. Since it is hosted on an exchange platform, both the investors and the developers will be checked for their authenticity. The investors stand a lower chance of losing their funds because the whole process undergoes strict verifications
|
|
|
It dependes on your purposes. If you are making payments in person and not online then a mobile wallet is a must. If you will need to make frequent payments then it will be best to keep your funds in wallet that is easy to use and accessible. Mobile wallets and desktop wallets are good options.
Use a mobile wallet as your checking account, and a hardware or secure offline wallet as your savings account. Mix and match to find a combination that provides both security and accessibility
|
|
|
Dash is the oldest and the most popular masternode in the cryptocurrency market. It always ranks at the top of the masternodes list. Dash paved the way for the masternodes by developing distinctive incentives for the masternode service providers. A trader requires 1000 Dash to launch a masternode and Dash gets 45% of the block reward. Dash works like the bank deposits, exhibiting the anticipated prediction. Dash is generally considered less risky
|
|
|
While Bitcoin is a (somewhat) good store of value, and was the first blockchain-based cryptocurrency, it really doesn't compare to Ethereum when it comes to long-term potential.
Bitcoin is for holding and storing value, while Ethereum isn’t just a currency. Its primary goal is to create a world computer, with decentralized applications utilizing its blockchain. These apps will need Ether (the currency created by The Ethereum Foundation) to run, which as adoption increases will increase the cost of Ether through demand.
Bitcoin can't say as much. It is already being superseded technology-wise by other currencies, and has very little real-world long-term value. Yes, it can store value, but other currencies can do it better, faster, and with more privacy
|
|
|
Yes, if by hack you mean somehow get access to someone’s wallet. Your private key can be stolen like any other password.
No, if by hack you mean generate a private key for an existing public key. Till now no one can. It can be done by brute force but that will take impractical amount of time.
I can’t say the same for all crypto, but all the major currencies is next to impossible to hack
|
|
|
Shitcoin is any cryptocurrency that is disliked by the person talking about it. It could be any coin that is not bitcoin, or a coin that lacks any new or advanced technology, or a coin that has become worthless after launch. Shitcoins are often identified by a specific pattern that they follow. First, the coin launches to some interest, but the price remains relatively level. Then, the price increases exponentially over a short period of time as investors pour in. This is followed by a nosedive, as investors dump their coins to capitalize on short-term gains
|
|
|
Crypto mining hardware can make or break your cryptocurrency mining venture. It is, thus, essential that you choose the right hardware to make the most out of your cryptocurrency mining journey. If you want to mine multiple currencies, GPU is the right choice for you. On the contrary, if your focus is on mining a single cryptocurrency, ASIC cryptocurrency mining hardware are certainly your thing
|
|
|
the low energy consumption ratio and advanced performance are the two main advantages of the Antminer 17 series miners. Compared to existing mining rigs, the new Antminer S17 series can greatly improve mining profit, making previous mining rigs less competitive
|
|
|
the asic should be fine. i'd be more worried about zcash and/or other equihash coins forking therefore affecting the purchasing of hash power from nicehash resulting in negating the effectiveness of the asic itself within nicehash (if you plan to not mine coins directly with the asic vs pointing the hashing power to nicehash).
|
|
|
One of the safest i can think of is the Ledger Nano S is the most popular hardware wallet available, and it supports Litecoin.
If you have a lot of Litecoins, this is the most secure and robust way to store them. It not only allows you to control your private keys, but they are also controlled in an offline environment. It comes with an inbuilt OLED screen, a backup seed key, and a pin code feature. This is how you can restore your funds in case something goes wrong with your hardware device
|
|
|
Yes there is way to earn crypto currency without any investment that is by participate in
Airdrop
Bounty program
Airdrop is a promotional marketing strategy which is opted by the most of the ICO to create the market hype and to enahr the community. Usually in order to participate you just have to join Telegram channel of respective ICO and by liking the social handles but it can also vary from ICO to ICO.
Bounty Program is another way of creating the market hype and engaging the community for the longer time period. In bounty program you have to promote ICO on your social handles, in depends on the participants, in which (s)he is interested. Generally it includes promotion on Facebook, Twitter ,BTT, Reddit and Medium
|
|
|
Binance is actively trying to capture institutional capital, is creating fiat-crypto gateways all over the globe, will launch a second and decentralized exchange, has a token economic model based on increasing demand whilst reducing supply, and is the industry’s favorite exchange position. This all provides the BNB token with a strong case as to why it still is a solid token to hodl even though times are tough for the industry financially.
It will be an even more exciting coin to hodl once the bulls will return and institutional capital will start flowing into the space through Binance
|
|
|
Thanks to its extremely solid build quality and slots for up to 13 GPUs, the AsRock H110 BTC+ is one of the best mining motherboards you can buy today. These features allow you to expand as needed, so you won’t find a much better future-proof board. It might be a bit overkill, as Windows 10 only supports eight GPUs, but there’s no harm in preparing for future updates. The AsRock H110 BTC+ may not be the best motherboard for mining if you’re a beginner, but if you’re looking for a more advanced platform – you can’t go wrong with the AsRock H110 Pro BTC+.
|
|
|
One of the main advantages of IEOs is trust. As the crowdsale is conducted on a cryptocurrency exchange platform the counterparty screens every project that seeks to launch an IEO on its website. Exchanges do this to maintain their good reputation by carefully vetting token issuers. Therefore, IEOs can eliminate scam and dubious projects from raising funds via cryptocurrency exchange platforms, and it becomes much harder to scam contributors with IEOs.
|
|
|
I would invest in NEO for two reasons,firstly Neo is more advanced in terms of code. Secondly, Neo will not be charging extrotianate fees in the future, like the founder of Ethereum plans to action. Neo is a solid cryptocurrency that is Chinas national crypto and is an infastructure crypto, so new cryptocurrencies can be based off the advancements of NEO!
|
|
|
I think we are talking about two different things here. Bitcoin can't be banned as a technology because you can't prevent people for using it, it's available for everyone. But the other thing is that governments could put the use of Bitcoin out of the law so that it becomes illegal. So, basicly you could always use Bitcoin because all technologies, sofwares and devices are available to you but you will be doing it on illegal way if some governments adopts the law against Bitcoin. To my opinion there is no fear of banning Bitcoin because most governments, at least in developed countries, are aware that Bitcoin and cryptocurrencies can't be marginalized anymore.
Thanks for the objective outlook with regard as to if or not bitcoin will be banned, Government regulations and alternative factors can certainly increase as bitcoin becomes more widespread, cryptocurrencies are presently in a very well legal status within the US. Countries like Japan have embraced crypto greatly - it's going to be interesting to see the market effects of countries increasing regulation, however as of currently I do believe the notion that it cannot be stopped.
|
|
|
It is absolutely necessary to do thorough research when aiming at investing in a particular ICO, and there are many factors to be taken into consideration here. ICO allows projects a means of getting around the typical method that consists of pitching to venture capitalists or banks for financing, which is a time-consuming and difficult process. ICO is an example of financing democratization – everyone can invest what they want and potentially receive huge ROIs, although at high risk of losing all their investments.
|
|
|
Which social network platform based on Blockchain technology do you think is the best? Will it be Steem or the Akasha platform? With growing concerns about Facebook's privacy measures, it seems that people are looking for other alternatives which are capable of protecting their personal data better. So far, Steem is the pioneer in the decentralized social media space, and it has attracted thousands of people worldwide. However, it's still far from behind as centralized social networks like Facebook and Twitter are in the lead. Nonetheless, what are your thoughts about this? Any recommendations or suggestions related to said decentralized social networks will be highly appreciated. Also, I would appreciate if you could let me know of other new alternative social networks (apart from Steem and Akasha) that make use of Blockchain technology. By far the foremost widespread blockchain-powered social platform among cryptocurrency enthusiasts is Steemit. it's been around awhile time currently, and it makes it simple for content creators to create cash by contributing valuable and interesting content to the platform. though this idea might not essentially build individuals rich overnight, it's not uncommon for contributors to earn $100 per valuable post on the platform. Steemit allows for a new wave of content creators who previously faced roadblocks such as lack of paying opportunities and jobs to come to fruition. Anyone, across the world, can have access to the platform and can get paid for what content they put on the site. So i think it's the best decentralized social platform out there
|
|
|
|