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In November 2018, Bitcoin Cash (BCH) experienced a hard fork after its community could not agree on how its protocol should look going forward. As a result of the disagreements and the following hard fork, a new digital currency named Bitcoin Satoshi Vision (BSV) was born.

In this brief step-by-step guide, you will discover how you can buy Bitcoin SV using US dollars in 2019.

How to Buy Bitcoin SV
While there are a number of exchanges that allow you to buy Bitcoin SV (BSV), for this guide we have chosen the popular digital asset exchange Changelly.com, as it is not only very user-friendly but also supports digital currency purchases using Visa and Mastercard.

Step One: Create a Changelly account.
First, you need to access the Changelly platform. Then, you need to add the dollar amount of Bitcoin SV, which is denoted as BCHSV on Changelly, before clicking ‘Exchange now.’

Changelly platform.

Next, you will be asked to sign up if you haven’t already or simply to log in if you have already created a Changelly account.

To sign up, you will need to provide an email address and then follow the instruction that will be emailed to you within moments of signing up.

Step Two: Begin your transaction.
Once registered and confirmed, you can proceed to convert your US dollars into Bitcoin SV.

Enter amount screen from Changelly.

Once you have typed in the US dollar amount – in your example we have used $1,000 – you will see what that equates to in digital currency. In this example, that would be 15.575392 BSV.

Step Three: Type in your wallet address.
Then, you click ‘Next step’ and type in your Bitcoin SV wallet address so that the exchange knows where the funds need to be sent to once the transaction is complete. Here, it is important to ensure that you are typing in a correct wallet address, so double check it before continuing.

(In our example below, we have used the top BSV wallet address from the Bitcoin SV Rich List, so please do not send funds to this address!)

Enter amount page on Changelly.

Step Four: Double check the details.
Once you have input your wallet address, check the details of your transaction to ensure all information about the trade is correct.

Changelly check details page.

Step Five: Make the payment and receive your coin.
Finally, you need to make the payment using your bank card and then wait for the transaction to settle. Once the trade is complete, you will find your newly purchased BSV in your Bitcoin SV wallet.

Changelly make payment with your bank card page.

Changelly.com has purchase limitations set that are dependant on your location. Hence, it is important to familiarize yourself with how much you can purchase before transacting on the platform. Small purchases, however, can be instantly executed

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Well, folks, we’re running on about two months of bullish energy–the crypto rally that started at the beginning of April is beginning to look like more than just a fluke. Things are going well, and there’s no sign of slowing down anytime soon–Bitcoin rose 67 (67!) percent over the course of the month of May, briefly peaking around $8900. (We’ve seen a healthy correction to $7765 in the five days since.)

And for as great as those gains are, Bitcoin was only the tenth-best performer throughout the month, according to data from Messari.io. Most of the month’s best performers were relatively unknown altcoins–Chainlink, Dent, Bitcoin Gold, and Holochain were among them.

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Discover the Barcelona Trading Conference – A Top Tier Crypto Trading Event

The clear leader of the pack, however, was none other than Bitcoin SV (Satoshi’s Vision), the controversial cryptocurrency formed earlier this year by self-proclaimed Bitcoin creator Craig Wright.

Due to several price surges, the value of BSV increased a whopping 231 percent over the month of May and adding a few more percentage points in the first week of June. At press time, BSV ranked at $227.55 per token.

 

What’s going on?

 



The Controversy
Before we dive into the theories about why the price of BSV is rising so quickly, a bit of background.

The cryptocurrency was initially born as a result of a feud over the future of Bitcoin Cash. Bitcoin ABC, the original team that created Bitcoin Cash’s protocol, clashed with Wright over how big the cryptocurrency’s block size should be. (The block size determines how many transactions a cryptocurrency network can perform per second.)

Wright’s version of the protocol–the protocol that would eventually be used to create Bitcoin SV–would make blocks 128mb each, four times the size that Bitcoin ABC proposed Bitcoin Cash’s block size to be.

What should have been a community-led vote on which protocol to proceed with quickly turned into a puerile battle of egos? Both sides of the BCH debate allegedly rented out massive amounts of “hash power” or mining power (which, in this case, translates directly into voting power) and attempted to stick their own solutions onto the Bitcoin Cash blockchain.

The egotistical hash war did massive damage to the public image of the cryptocurrency industry as a whole and was (arguably) one of the factors that drove the price of Bitcoin down to its yearly low of roughly $3300.

Although Wright ultimately lost the hash war (his protocol wasn’t chosen to be grafted onto the Bitcoin Cash network), a new cryptocurrency–his own creation–was born, followed by a series of bizarre publicity stunts.

In the time following the birth of BSV, Craig Wright has threatened to take legal action–rap battle-style–against those who dare to publicly question his claims that he is indeed Satoshi Nakamoto, the mysterious creator of Bitcoin.

Wright has also filed a copyright registration on the original Bitcoin whitepaper in an apparent preemptive step to gear up for these legal battles (that may or may not ever happen.)

Possible Causes
But while much of the cryptocurrency community scoffed at Wright’s attempts to assert himself as Satoshi–and some exchanges have gone so far as to delist BSV entirely–the price movements that have followed Craig’s bombastic behavior showed that the man must be doing something right (or Wright, if you will.)

Indeed, the filing of the copyright registration seems to have spurred one of BSV’s most significant price movements. In the 24 hours following the news that Wright had filed the copyright registration, the price of the cryptocurrency surged as high as 200 percent on some exchanges.

 
However, Coin Center executive director Jerry Brito was quick to remind crypto traders who may have gone keen on the asset that the registration probably won’t mean much in the grand scheme of things.

“Registering a copyright is just filing a form,” Brito wrote on Twitter. “The Copyright Office does not investigate the validity of the claim; they just register it. Unfortunately, there is no official way to change registration. If there are competing claims, the Office will just register all of them.”

Fake News!
But the price only continued to surge. From May 26th to 29th, BSV rose another 50 percent. While the exact cause is unclear, renowned crypto commentator Dovey Wan said that the rise might have had something to do with a piece of fake news that was circulated widely throughout China.

Seems someone did it purposely just around the same time BSV pumped just an hour ago.

Completely fake news but “real enough” to trick many Chinese retails


“CSW (Craig Wright) Transferred 50K BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi,” the post reads. “As such CZ will re-list BSV and make an official apology on Twitter.”

 

Binance CEO Changpeng Zhao publicly announced that Binance would no longer list BSV in April, saying that Wright could easily prove himself to be Satoshi by sending a transaction from an address that is known to belong to Satoshi. (Wright still hasn’t done this.)

 

Wright has since launched a defamation campaign against Binance, saying that a large portion of its funds goes towards human trafficking operations.


According to Craig Wright, in his talk today from @RealCoinGeek Toronto

"Thirty percent of @binance and @Tether_to funds women in slavery."

I can't wait to see how the cultists attempt to explain how this statement is somehow true.

Changpeng Zhao said that his exchange wouldn’t be suing Wright, perhaps understanding that engaging with Wright any further could potentially give credence to the statements and further his goal of being publicly acknowledged as Satoshi.

“Giving attention is probably what wants,” Zhao Tweeted in response to Peter McCormack, a crypto podcast host who has also been one of the unfortunate targets of Wright’s vitriol. “We ignore stupid stuff, and focus on things that matter. #BUIDL (sic).”

(Zhao since deleted the Tweet.)

Still Going Strong…
But regardless of the false nature of the report, Bitcoin SV has managed to hold onto the gains that it allegedly stirred in the first place.

And Wright is gearing up to continue his battle to assert himself as Satoshi. Less than three weeks after Wright filed the copyright registration, another registration for the Bitcoin whitepaper appeared on the books–this one from a ‘Wei Liu,’ who has been speculated to be the CEO of crypto market research firm Coinsummer.

“This is what we’d hoped would happen — I registered my copyright as I intend to enforce this — the fact somebody has put their head above parapet is ideal as we can now proceed to show credentials and let a judge decide which is we’ve said we want all along,” Wright wrote in an email to the Financial Times.

“I hope this ‘Wei Liu’ is ready to testify under oath about how he knowingly lied on his copyright application, which is a federal crime in the United States.”

Although Liu said that he filed the registration simply to prove a point (“I filed it just to let people know anyone can register a copyright. Everyone can be Satoshi Nakamoto,” he told CoinDesk), it is also true that Liu violated federal law. But unlike Wright seems to think, prosecutions for this kind of thing are extremely rare–usually, the worst thing that happens is a $2500 fine.

In any case, however, Wright seems to see the Liu’s filing as an opportunity to start another ugly legal battle–or at least to threaten one. And unless there’s some kind of an “I am Spartacus” movement in the Bitcoin community, Liu could take the brunt of the heat–and the publicity could drive BSV’s price even higher.

The Backlash
Naturally, the persistence of Wright’s rather outlandish behavior has continually drawn backlash from much of the cryptocurrency community.

Vitalik Buterin, the wunderkind creator of Ethereum, has spoken out against Wright in the past. He reaffirmed his sentiments this week with a statement to Hardcore Crypto: “Obviously BSV is a complete scam,” he said.

But surprisingly, Buterin also pointed to some of the criticism against Binance for delisting the asset. “The delisting from Binance – that was interesting,” he said. “There’s arguments in favour of it, but then there’s also an argument that this is a centralized exchange that’s wielding a lot of power.”

And the criticisms are valid–right now, CEOs of centralized exchanges do have the power to independently decide to list or delist an asset based on something as simple as a personal dispute

Cryptocurrency mining was originally performed using CPUs, or Central Processing Units. However, its limited processing speed and high power consumption led to limited output, rendering the CPU-based mining process inefficient.

Enter GPU-based mining, which offered multiple benefits over the use of CPUs. A standard GPU, like a Radeon HD 5970, clocked processing speeds of executing 3,200 32-bit instructions per clock, which was 800 times more than the speed of a CPU that executed only 4 32-bit instructions per clock.

It is this property of the GPU that makes them suitable and better for cryptocurrency mining, as the mining process requires higher efficiency in performing similar kinds of repetitive computations. The mining device continuously tries to decode the different hashes
 repeatedly with only one digit changing in each attempt.

GPUs are also equipped with a large number of Arithmetic Logic Units (ALU), which are responsible for performing mathematical computations. Courtesy of these ALUs, the GPU is capable of performing more calculations, leading to improved output for the crypto mining process.

GPUs are devised to do better in performing similar and repetitive work than the performing of diversified multi-tasking functions, like those of the CPU.

GPU vs. CPU

Each standard computer is equipped with a Central Processing Unit (CPU), which is a processing device that acts as a master of the whole computer system. It performs the controlling functions for the whole computer based on the logic of the operating system and the software installed on the computer. Typical functions—like save this file as MS Word, print this spreadsheet, or run that video in VLC Media Player—are controlled by the CPU.

A GPU is another processing device, but one that works solely for handling display functions. It is the part of a computer that is responsible for its video rendering system.

The typical function of a GPU is to perform and control the rendering of visual effects and 3D-graphics so the CPU doesn't have to get involved in minute details of video-rendering services. It takes care of graphics-intensive tasks such as video editing, gaming display, and decoding and rendering of 3D videos and animations.

To draw an analogy, the master (CPU) managing the whole organization (the computer system) has a dedicated employee (GPU) to take care of a specialized department (video-rendering functions).

This setup allows the CPU to perform the high-level diversified tasks for managing the whole computer, while the GPU is in charge of the video functions of which it is a specialist. A CPU will perform the function to open a video file in Windows Media Player, but once the file opens, the GPU takes over the task of displaying it properly.

The Bottom Line

GPUs have been around for years, but face competition from improved, new-age devices. They include the Field Programmable Gate Arrays (FPGAs) and the Application specific integrated circuits (ASICs), which score better than both CPUs and GPUs at performing hash calculations, an essential function to blockchain management in cryptocurrency.

Investing in cryptocurrencies and other Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.

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Ripple and its cryptocurrency XRP have been steadily climbing up the cryptocurrency charts. In today’s post I’m going to break down exactly what Ripple is, how it’s different from Bitcoin and even touch upon the question “Is Ripple a good investment?” What is Ripple Summary The banking system today uses slow and outdated systems in order to transfer money (i.e. value) around the world. Ripple aims to create the Internet of value called RippleNet – a set of unified rules helping the financial sector use 21st century solutions for fast and scalable transfer of money.

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Ripple has two main forms of transferring value – IOUs and XRP. IOUs are representation of debt and can be issued for any type of real world asset. XRP is RippleNet’s native currency which can be used to transfer money quickly around the world. That’s Ripple in a nutshell. If you want a deeper explanation about Ripple and XRP keep on reading, here’s what I’ll cover: The problem – Banks are outdated The solution – Ripple How does Ripple work? Ripple currencies IOUs XRP XRP vs. BTC

Ripple mining XRP distribution Frequently Asked Questions Is Ripple centralized? How do I Buy Ripple? Is Ripple a Good Investment? Conclusion Don’t like to read? What Our Video Guide Instead 1. The Problem – Banks Are Outdated Have you ever had occasion where you needed to wire money to someone only to be told it might take several days for that money to appear in their account? That’s because most major banks are still using systems that were built 40 years ago for this task. Swift, MoneyGram and Western Union are just some examples of slow, expensive and relatively limited systems that financial services use to transfer money.

On top of that, not all of the banks are connected via the same network. So, in many cases, you don’t even have a direct line between two banks when they need to transfer money from one account to the other. In order for bank A to send money to bank B that it doesn’t have any direct relationship with, more often than not it will have to go through several intermediary banks, searching for common network connections between each other in order to clear a path for the money. That’s why international wire transfers are so slow and costly.

Each bank along the way takes time to process the transaction and a fee for servicing the process. In some cases, bank transfers must involve currency conversions, which make things even more problematic and expensive. For example, directly transferring currency from Japan to Nicaragua, means turning Yens into Cordobas, which is generally not feasible. The reason is that Japanese banks don’t usually hold accounts denominated in Cordobas because there’s not a lot of demand for them. However, both Japanese and Nicaraguan banks hold accounts in Dollars.

So instead, an individual or bank will usually trade Yens to Dollars and then Dollars to Cordobas. As you can imagine, this process can be costly due to the multiple conversions. In short, the banking system today doesn’t have a main connecting network with a uniform set of rules. Each time you want to exchange or send money through the banking system, you need to find a path to transfer that money, depending on the circumstances. 2. The Solution – Ripple Just like the Internet has its own rules, or protocol, to transfer information known as http.

The Ripple Network, RippleNet, uses a protocol known as RTXP for moving value around the world. Ripple Labs, the creators of RippleNet, aim to create the “Internet of Value” – a way for money to move as quickly as information does. Through the use of RippleNet, there is no reason to pay a fortune and wait days when transferring money globally. The idea for Ripple was actually first conceived way back in 2004 by Ryan Fugger and was called RipplePay, but in 2012 was passed to Jed McCaleb and Chris Larsen who founded OpenCoin later to be called Ripple Labs.

Unlike most cryptocurrencies who focus on the individual, Ripple Labs aims to serve banks and payment providers, allowing them to lower transaction costs and expedite settlements. 3. How does Ripple Work? RippleNet is a network based on a set of rules known as the Ripple Transaction Protocol or RTXP for short. The network consists of computers, known as validators, that are spread around the world and maintain a blockchain– a shared ledger of who owns what. Validators make sure every transaction sent through the network follows the RTXP rules.

Anyone can run a validator and help maintain the Ripple network just like anyone can run a Bitcoin node to maintain the Bitcoin network. Companies who want access to the Ripple network can use gateways. Gateways, which are usually run by banks, act as entry points to Ripple for people outside the network. It’s the same idea as going to a bank or a credit company to gain access to the banking system. So Ripple basically offers businesses an alternative to the banking system in the form of an Internet of value called RippleNet.

Ripple products like xRapid, xVia and xCurrent are offered to companies in order to optimize their current solutions for transferring money around the world. It’s worth mentioning that for you, as a customer of a financial service using Ripple, this solution is transparent. If the bank switches to this technology, your bank account balance could be residing on the XRP ledger tomorrow and you would never know it.

4. Ripple Currencies Unlike other cryptocurrency protocols which support only their own asset, Ripple offers two different types of “currencies”: IOUs and XRP. IOUs IOUs are tokens on the Ripple network that can be stored on any Ripple wallet. Just like we can store a variety of Ethereum tokens on an Ethereum wallet, we can have plenty of tokens coexisting on the same Ripple wallet. But we really should stop the comparison here, since this is as far as the similarities go. Any participant on the Ripple network can issue an IOU, however an IOU doesn’t represent something you OWN it represents something you OWE. It’s a debt, an obligation to pay back something you got in real life.

When I issue an IOU to someone, it means I owe them something. When I hold an IOU issued by someone else, it means someone owes me something. Each IOU has a name that is comprised out of who issued it and what it represents. For example, USD.Bitstamp is an IOU issued by Bitstamp promising to pay back USD dollars. An IOU can be issued for any type of real world asset. For example you can have an IOU for dollars, EUROs, gold , oil, airline miles and even cows. It’s important to note that the IOU itself is not the asset, it’s just a promise by the issuer to give you the asset back in the future.

This promise won’t do you any good if the issuer isn’t good for his word. That’s why trust plays an important issue with IOUs. In order for you to accept an IOU from someone you have to trust that they will be able to pay you back. In RippleNet this is known as a trustline. A Trustline is somewhat similar to a line of credit with the bank. It’s an agreement to trust someone up to a limited amount of money. For each asset we borrow, we will issue a new IOU. Unlike other forms of debt that can be traded, IOUs for the same asset type are not interchangeable if they were issued by two different people. For example, if I borrow money from you and issue you a 20 USD.99Bitcoins IOU, that IOU can’t be added to a 20 USD.Bitstamp IOU.

Since each IOU has a different credit line or trust line you can only redeem the USD.99Bitcoins IOU from 99Bitcoins. XRP XRP is a cryptocurrency issued by Ripple Labs to help transfer payments through the Ripple Network. For example, if a bank wants to move large amounts of money, instead of needing to use multiple intermediary banks to transfer the money, it can just convert the money to XRP and send that XRP to the recipient bank. It’s important to note that two banks don’t have to use XRP to transfer assets between them. Instead, they can choose to keep an ‘open tab’ using IOUs only, without ever closing it.

XRP is a form of payment that unlike an IOU is final and is considered a tradable asset by anyone on the network. Unlike IOUs, XRP is the actual asset so there is no counter-party risk. In other words, once you received payment in XRP, the transaction is made and there’s no fear that the other party will not meet its obligations for payment. So, if no trust is needed and no trustline needs to be opened when sending XRP to other network participants, why do we even need IOU? The simple answer is that XRP, being a cryptocurrency asset by itself, is relatively volatile and also not respected worldwide. IOUs, on the other hand, are treated and valued as the assets each represent. XRP vs. Bitcoin XRP has additional advantages as well.

It’s fast and scalable. Sending an XRP transaction through the network takes 4 seconds as opposed to Bitcoin’s 10 minute average. Also, XRP can handle 1,500 transactions per second while Bitcoin can handle only 7. So the upside of using XRP as a form of payment is pretty obvious. 5. Ripple Mining One question people ask a lot is “if XRP is a cryptocurrency, can it be mined?” The answer is – no, it can’t. Mining in Bitcoin is done in order to confirm and determine the order of transactions on the blockchain. In Ripple transactions are handled through a different process. When an XRP transaction is broadcast through the network, the validators that maintain the network decide if it’s valid or not through voting.

If 80% or more vote it “valid” – the transaction is updated in the Ripple ledger. For an in-depth read about Ripple’s consensus algorithm read this. This list of trusted validators that a validator consults with, is known as a Unique Node List (UNL for short). Each validator has its own UNL. Deciding who will be included in the validaor’s UNL is completely up to the person who runs the validator. However, Ripple offers a default list of trusted validators. Additionally, validators don’t get compensated for their work like Bitcoin miners do with new coins. 6. XRP distribution When Ripple Labs started out they actually issued, or “pre-mined”, a total of 100 billion XRP and according to the Ripple protocol, no more XRP can ever be created.

20 Billion XRP were given to Ripple founders Jed Macaleb, Chris Larsen and Arthur Britto. 7 billion XRP is help by Ripple Labs. 20 billion XRP have been sold to companies and individuals. The remaining supply (around 55 billion) – was sealed in a smart contract as of may 2017 that releases 1 billion XRP into Ripple Labs’ hands each month until all of the 100 billion XRP cap will be reached. XRP can be divided into 6 decimal points with the smallest unit being known as a drop (0.000001 XRP). If you want to hold XRP you will need a wallet that supports the currency and a minimum deposit of 20 XRP in your account. This is done in order to prevent people from spamming the Ripple Network by opening a large number of accounts. One last thing to know about XRP is that the XRP supply decreases over time making it, in theory, more valuable as time passes. This is done through destroying the transaction fees attached to each XRP transaction.

For example, at the time of writing we’re down to about 99.99% of the original 100 Billion XRP. The “missing” XRP are transaction fees that have been destroyed and can never be used again. 7. Frequently Asked Questions Is Ripple Centralized? There’s a lot of criticism about Ripple being a centralized platform. There are many arguments for both sides, and while I clearly have my opinion I will try to display some of the main points of debate. Just like Bitcoin, once Ripple’s protocol is published, Ripple Labs, has no control over it. Validators run the code themselves. This is pretty similar to Bitcoin’s core #DevelopmentTeam  maintaining the Bitcoin protocol but having no real control over the nodes that run it. But while Ripple Labs doesn’t control the protocol, it does have a lot of influence since it is the organization maintaining it. So, if for some good reason it determined to create more coins, it might succeed. Ripple Labs is sort of a central bank for RippleNet.

The number of Ripple validators today is relatively small, and is a fraction of the number of Bitcoin nodes that maintain the Bitcoin network. Since these relatively few validators are ultimately responsible for maintaining the integrity of the network, this raises the question: how can we know the validators aren’t colluding in order to defraud Ripple’s users? On the upside, since there’s no such thing as Ripple mining, the network itself is much more energy efficient compared to Bitcoin’s extreme energy consumption. Another attribute in Ripple that raises concern is that you ultimately have to depend on trust in order to use the IOU tokens. In contrast, Bitcoin’s entire system is designed to work in a trustless environment. Additionally, while Bitcoin is free for all and censorship resistant, Ripple is committed to monitoring and reporting any Anti-Money Laundering flags across the network, as well as reporting suspicious activity to relevant authorities. The Ripple protocol itself is open source, meaning that if Ripple Labs ceases to exist, the validators can still run the network themselves. On the other hand, products the company offers to banks and institutions aren’t open source and are run solely by Ripple Labs.

Dash is unlike other cryptocurrency projects like Ethereum or Stratis which are more of a development platform.

Dash advocates itself as peer-to-peer decentralized electronic cash. It intends to be as liquid as real cash which we use in our respective countries like USD/GBP/EUR/INR or CNY.

There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io). There is also a free mining software where you can mine free BTC on the platform.

Dash is built upon Bitcoin’s core code with the addition of new features (such as privacy and quick transactions).

Like BTC, Dash is open-source and has its own blockchain, wallet infrastructure, and community. But unlike BTC, its transaction fee is negligible.

Moreover, it looks like from the attitude of the development community that Dash will only remain as digital money for the internet, which is a good thing.

When And Why Was Dash Created?

Dash was created three years ago on 18 January 2014 by its developer Evan Duffield.

Dash was originally released as XCoin (XCO). In February 2014, the name was changed to “Darkcoin”. And on 25 March 2015, Darkcoin was rebranded as “Dash”.

Evan Duffield came across Bitcoin in 2010 and was impressed by its technology. But he soon realized that Bitcoin was not private and fast enough.

He had many ideas on how to make Bitcoin anonymous, but he knew that Bitcoin’s core developers wouldn’t allow him to do so, as the core’s code would need to be changed for this.

So to change this primary drawback of Bitcoin, Evan decided to use Bitcoin’s core code and build his own cryptocurrency- this is what we know of today as Dash.

Dash Coin Supply

Dash is designed to have a total supply of 18 million coins.

At present, the circulating supply of Dash is 7.4 million, and it will reach 18 million in the year 2300 (when none of us will be alive).

Dash has a variable block reward which decreases at a 7.1 % rate each year. The average block mining time is 2.5 minutes on the Dash blockchain, which makes it four times faster than Bitcoin.

Dash Market Cap

At the point of writing this article, the total available circulating supply of Dash (DASH) is approximately 7.4 million, and the price of each unit of DASH is worth $204.

Hence, the market capitalization of Dash is $1.5 billion. As of June 2017, Dash is the seventh (6th) most valuable cryptocurrency by market capitalization.

How To Buy Dash?

Buy Dash from Changelly

One of the easiest ways to get ahold of your first Dash (DASH) is to get it exchanged from Changelly.

Changelly is an instant exchange where you can exchange various cryptocurrencies. Changelly currently supports 55 cryptocurrencies (including Dash).

You will require the following things:

Your Dash address where you would like to receive your Dash.
Some BTC/LTC or any other supported crypto to exchange for Dash.
Note: Though this guide shows you how to buy Ripple in exchange for BTC, the process is exactly the same for buying Dash.

Buy Dash from Exchanges

Binance
: Supported pairs are DASH/BTC, DASH/ETH
Bittrex
: Supported pairs are DASH/BTC, DASH/ETH
Gate.io
: Supported pairs are DASH/BTC, DASH/USDT
Bitfinex
: Supported pairs are DASH/BTC, DASH/USD
KuCoin
: Supported pairs are DASH/BTC, DASH/USDT, DASH/ETH
Now that you have bought Dash, let’s put those coins in a wallet.

Word of advice: Don’t store your coins on exchanges for a long time. A couple of days is fine, but in general, this is a very bad and risky practice.

Dash Paper Wallet

You can also make a paper wallet. Paper wallets contain both the private key and as well as the public key of Dash. It is the cheapest form of cold storage. Refer to this guide on how to make a Dash paper wallet.

The Technology Of Dash


Dash has a few features that make it really unique:

Private Send – Dash allows you to send your funds privately by mixing it in between several other transactions, thus making it hard to identify any specific transaction. It uses a coin mixing service based on CoinJoin. This is an optional privacy feature which the user may want to use. But there is a limited cap of 1000 Dash for which you can send using this feature.
Instant Send – This service allows you to send your Dash transactions instantly (within 1.5 seconds). But Masternodes (see below) charges higher fees for processing such transactions. InstantSend also solves the double-spending problem. Note: InstantX was rebranded to InstantSend in 2016.
Masternodes – Unlike Bitcoin, where each note is equal, Dash has special privilege nodes called Masternodes. Anyone can form Masternodes by holding 1000 Dash as collateral. These special nodes perform PrivateSend and InstantSend functions, and earn a 45% block reward.

What is Bitcoin Mining?

Cryptocurrency mining is painstaking, costly and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?

However, before you invest the time and equipment, read this explainer to see whether mining is really for you. We will focus primarily on Bitcoin (throughout, we'll use "Bitcoin" when referring to the network or the cryptocurrency as a concept, and "bitcoin" when we're referring to a quantity of individual tokens).

There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested.

The primary draw for many Bitcoin miners is the prospect of being rewarded with valuable bitcoin tokens. That said, you certainly don't have to be a miner to own cryptocurrency tokens. You can also buy cryptocurrencies using fiat currency
; you can trade it on an exchange like Bitstamp
 using another crypto (as an example, using Ethereum or NEO to buy bitcoin); you even can earn it by playing video games or by publishing blog posts on platforms that pay users in cryptocurrency. An example of the latter is Steemit
, which is kind of like Medium except that users can reward bloggers by paying them in a proprietary cryptocurrency called STEEM. STEEM can then be traded elsewhere for bitcoin.

The bitcoin reward that miners receive is an incentive which motivates people to assist in the primary purpose of mining: to support, legitimize and monitor the Bitcoin network and its blockchain. Because these responsibilities are spread among many users all over the world, bitcoin is said to be a "decentralized" cryptocurrency, or one that does not rely on a central bank or government to oversee its regulation.

KEY TAKEAWAYS

By mining, you can earn cryptocurrency without having to put down money for it.
Bitcoin miners receive bitcoin as a reward for completing "blocks" of verified transactions which are added to the blockchain.
Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.
Double spending is a phenomenon in which a bitcoin user illicitly spends the same tokens twice.
You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.
What Coin Miners Actually Do

Miners are getting paid for their work as auditors. They are doing the work of verifying previous bitcoin transactions. This convention is meant to keep Bitcoin users honest and was conceived by bitcoin's founder, Satoshi Nakamoto
. By verifying transactions, miners are helping to prevent the "double-spending
 problem."

Double spending is a scenario in which a bitcoin owner illicitly spends the same bitcoin twice. With physical currency, this isn't an issue: once you hand someone a $20 bill to buy a bottle of vodka, you no longer have it, so there's no danger you could use that same $20 bill to buy lotto tickets next door. With digital currency, however, as the Investopedia dictionary explains, "there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original."

Let's say you had one legitimate $20 bill and one counterfeit of that same $20. If you were to try to spend both the real bill and the fake one, someone that took the trouble of looking at both of the bills' serial numbers would see that they were the same number, and thus one of them had to be false. What a bitcoin miner does is analogous to that—they check transactions to make sure that users have not illegitimately tried to spend the same bitcoin twice. This isn't a perfect analogy—we'll explain in more detail below.

Once a miner has verified 1 MB (megabyte) worth of bitcoin transactions
, known as a "block," that miner is eligible to be rewarded with a quantity of bitcoin (more about the bitcoin reward below as well). The 1 MB limit was set by Satoshi Nakamoto, and is a matter of controversy, as some miners believe the block size should be increased to accommodate more data, which would effectively mean that the bitcoin network could process and verify transactions more quickly.

Note that verifying 1 MB worth of transactions makes a coin miner eligible to earn bitcoin—not everyone who verifies transactions will get paid out.

1MB of transactions can theoretically be as small as one transaction (though this is not at all common) or several thousand. It depends on how much data the transactions take up.

"So after all that work of verifying transactions, I might still not get any bitcoin for it?"

That is correct.

To earn bitcoins, you need to meet two conditions. One is a matter of effort; one is a matter of luck.

1) You have to verify ~1MB worth of transactions. This is the easy part.

2) You have to be the first miner to arrive at the right answer to a numeric problem. This process is also known as proof of work
.


"What do you mean, 'the right answer to a numeric problem'?"

The good news: No advanced math or computation is involved. You may have heard that miners are solving difficult mathematical problems—that's not exactly true. What they're actually doing is trying to be the first miner to come up with a 64-digit hexadecimal number (a "hash
") that is less than or equal to the target hash. It's basically guesswork.

The bad news: It's guesswork, but with the total number of possible guesses for each of these problems being on the order of trillions, it's incredibly arduous work. In order to solve a problem first, miners need a lot of computing power. To mine successfully, you need to have a high "hash rate," which is measured in terms of megahashes per second (MH/s), gigahashes per second (GH/s), and terahashes per second (TH/s).

That is a great many hashes.

If you want to estimate how much bitcoin you could mine with your mining rig's hash rate, the site Cryptocompare
 offers a helpful calculator.

Mining and Bitcoin Circulation

In addition to lining the pockets of miners and supporting the bitcoin ecosystem, mining serves another vital purpose: It is the only way to release new cryptocurrency into circulation. In other words, miners are basically "minting" currency. For example, as of Nov. 2019, there were around 18 million bitcoins in circulation.1 Aside from the coins minted via the genesis block (the very first block, which was created by founder Satoshi Nakamoto), every single one of those bitcoin came into being because of miners. In the absence of miners, Bitcoin as a network would still exist and be usable, but there would never be any additional bitcoin. There will eventually come a time when bitcoin mining ends; per the Bitcoin Protocol, the total number of bitcoins will be capped at 21 million.2 However, because the rate of bitcoin "mined" is reduced over time, the final bitcoin won't be circulated until around the year 2140.

Aside from the short-term bitcoin payoff, being a coin miner can give you "voting" power when changes are proposed in the Bitcoin network protocol. In other words, a successful miner has an influence on the decision-making process on such matters as forking
.

How Much a Miner Earns

The rewards for bitcoin mining are halved every four years or so. When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to the current level of 12.5 BTC. In about 2020, the reward size will be halved again to 6.25 BTC. As of the time of writing, the reward for completing a block is 12.5 Bitcoin. In November of 2019, the price of Bitcoin was about $9,300 per bitcoin, which means you'd earn $116,250 (12.5 x 9,300) for completing a block.3 Not a bad incentive to solve that complex hash problem detailed above, it might seem.


If you want to keep track of precisely when these halvings will occur, you can consult the Bitcoin Clock
, which updates this information in real time. Interestingly, the market price of bitcoin has, throughout its history, tended to correspond closely to the marginal cost of mining a bitcoin.

If you are interested in seeing how many blocks have been mined thus far, there are several sites, including Blockchain.info
, that will give you that information in real time.

Equipment Needed to Mine

Although early on in bitcoin's history individuals may have been able to compete for blocks with a regular at-home computer, this is no longer the case. The reason for this is that the difficulty of mining bitcoin changes over time. In order to ensure smooth functioning of the blockchain and its ability to process and verify transaction, the Bitcoin network aims to have one block produced every 10 minutes or so. However, if there are one million mining rigs competing to solve the hash problem, they'll likely reach a solution faster than a scenario in which 10 mining rigs are working on the same problem. For that reason, Bitcoin is designed to evaluate and adjust the difficulty of mining every 2,016 blocks, or roughly every two weeks. When there is more computing power collectively working to mine for bitcoin, the difficulty level of mining increases in order to keep block production at a stable rate. Less computing power means the difficulty level decreases. To get a sense of just how much computing power is involved, when Bitcoin launched in 2009 the initial difficulty level was one.

As of Nov. 2019, it is more than 13 trillion.

All of this is to say that, in order to mine competitively, miners must now invest in powerful computer equipment like a GPU (graphics processing unit) or, more realistically, an application-specific integrated circuit (ASIC). These can run from $500 to the tens of thousands. Some miners—particularly Ethereum miners—buy individual graphics cards (GPUs) as a low-cost way to cobble together mining operations. The photo below is a makeshift, home-made mining machine. The graphics cards are those rectangular blocks with whirring circles. Note the sandwich twist-ties holding the graphics cards to the metal pole. This is probably not the most efficient way to mine, and as you can guess, many miners are in it as much for the fun and challenge as for the money.


Shutterstock

The "Explain It Like I'm Five" Version

The ins and outs of bitcoin mining can be difficult to understand as is. Consider this illustrative example for how the hash problem works: I tell three friends that I'm thinking of a number between one and 100, and I write that number on a piece of paper and seal it in an envelope. My friends don't have to guess the exact number; they just have to be the first person to guess any number that is less than or equal to the number I am thinking of. And there is no limit to how many guesses they get.

Let's say I'm thinking of the number 19. If Friend A guesses 21, they lose because of 21>19. If Friend B guesses 16 and Friend C guesses 12, then they've both theoretically arrived at viable answers, because of 16<19 and 12<19. There is no "extra credit" for Friend B, even though B's answer was closer to the target answer of 19. Now imagine that I pose the "guess what number I'm thinking of" question, but I'm not asking just three friends, and I'm not thinking of a number between 1 and 100. Rather, I'm asking millions of would-be miners and I'm thinking of a 64-digit hexadecimal number. Now you see that it's going to be extremely hard to guess the right answer.

If B and C both answer simultaneously, then the ELI5 analogy breaks down.

In Bitcoin terms, simultaneous answers occur frequently, but at the end of the day, there can only be one winning answer. When multiple simultaneous answers are presented that are equal to or less than the target number, the Bitcoin network will decide by a simple majority—51%—which miner to honor. Typically, it is the miner who has done the most work, that s, the one that verifies the most transactions. The losing block then becomes an "orphan block
." Orphan blocks are those that are not added to the blockchain. Miners who successfully solve the hash problem but who haven't verified the most transactions are not rewarded with bitcoin.

What Is a "64-Digit Hexadecimal Number"?

Well, here is an example of such a number:

0000000000000000057fcc708cf0130d95e27c5819203e9f967ac56e4df598ee

The number above has 64 digits. Easy enough to understand so far. As you probably noticed, that number consists not just of numbers, but also letters of the alphabet. Why is that?

To understand what these letters are doing in the middle of numbers, let's unpack the word "hexadecimal."

As you know, we use the "decimal" system, which means it is base 10. This, in turn, means that every digit of a multi-digit number has 10 possibilities, zero through nine.

"Hexadecimal," on the other hand, means base 16, as "hex" is derived from the Greek word for six and "deca" is derived from the Greek word for 10. In a hexadecimal system, each digit has 16 possibilities. But our numeric system only offers 10 ways of representing numbers (zero through nine). That's why you have to stick letters in, specifically letters a, b, c, d, e and f.

If you are mining bitcoin, you do not need to calculate the total value of that 64-digit number (the hash). I repeat: You do not need to calculate the total value of a hash.


So, what do "64-digit hexadecimal numbers" have to do with bitcoin mining?

Remember that ELI5 analogy, where I wrote the number 19 on a piece of paper and put it in a sealed envelope?

In bitcoin mining terms, that metaphorical undisclosed number in the envelope is called the target hash
.

What miners are doing with those huge computers and dozens of cooling fans is guessing at the target hash. Miners make these guesses by randomly generating as many "nonces
" as possible, as fast as possible. A nonce is short for "number only used once," and the nonce is the key to generating these 64-bit hexadecimal numbers I keep talking about. In Bitcoin mining, a nonce is 32 bits in size—much smaller than the hash, which is 256 bits. The first miner whose nonce generates a hash that is less than or equal to the target hash is awarded credit for completing that block and is awarded the spoils of 12.5 BTC.

In theory, you could achieve the same goal by rolling a 16-sided die 64 times to arrive at random numbers, but why on earth would you want to do that?

The screenshot below, taken from the site Blockchain Explorer | BTC | ETH | BCH
, might help you put all this information together at a glance. You are looking at a summary of everything that happened when block #490163 was mined. The nonce that generated the "winning" hash was 731511405. The target hash is shown on top. The term "Relayed by Antpool" refers to the fact that this particular block was completed by AntPool, one of the more successful mining pools (more about mining pools below). As you see here, their contribution to the Bitcoin community
 is that they confirmed 1768 transactions for this block. If you really want to see all 1768 of those transactions for this block, go to this page
 and scroll down to the heading "Transactions."


"So how do I guess at the target hash?"

All target hashes begin with zeros—at least eight zeros and up to 63 zeros.

There is no minimum target, but there is a maximum target set by the Bitcoin Protocol. No target can be greater than this number:

00000000ffff0000000000000000000000000000000000000000000000000000

Bitcoin cash was one of the marvels of the bitcoin bubble. It is a fork from bitcoin. A fork of a cryptocurrency takes place when someone, anyone declares that a blockchain is going to be transferred to a new set of rules and network infrastructure.

The blockchain is a public ownerless database information, mostly transaction data, and anyone can get a copy of it and load it into their own system. The new system, which is likely a hacked about about version of the original code running the established crypto, is the new fork, it could be called Clem coin, bitcoin dung, utrillium (actually not a bad name for a new coin) or whatever. The fork then takes on a life of its own.

There are a lot of cryptocurrencies that people tend to ignore too much and attachh less attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested in 10 days. Thank me later.


Bitcoin cash was a fork brought into existence to scale bitcoin-style transactions by having bigger blocks. These bigger blocks can contain more transactions and therefore allow a lot more business to flow through the system. Bitcoin’s system can get congested and fees can skyrocket and the time it takes for coins to go from one person to another can rise steeply. The bitcoin cash fork was to create a new crypto coin mostly like bitcoin that would not suffer from this.

As a factor of the immaturity of the cryptocurrency industry nothing happens without an uproar and the launch of bitcoin cash was no exception. What happened next, however, was at the time unique.

As a fork of this kind takes another coin’s existing blockchain, all the owners of coins in the old chain get the same coin in the new coin. That meant that bitcoin owners automatically got coins in bitcoin cash. Most imagined this would be the same as a spinoff of a company. Companies spin out new listed companies all the time.

So image a stock, one that has a bank and an insurance company as its businesses. The company decides to fork itself into two companies. Shareholders will get new shares in a new company that has the bank injected in it and will keep the share in the old one. The share price falls in the old company as much as the new share trades at. That way no or little money is magicked out of thin air from the get go