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Topics - Crestie C. Tuvilla

Pages: 1 ... 5 6 [7] 8
91
Cryptocurrency discussions / 5 most promising coins in 2018
« on: May 23, 2018, 04:58:28 PM »
As the year comes to an end, it’s already time to look into the future and try and pick out the coins that will be the most influential in 2018. While currencies such as Bitcoin and Ethereum will always be major players, the following coins will also make serious moves over the next 12 months. 
         =Substratum (SUB)
         =OmiseGO (OMG)
         =Aion (AION)
         =Icon (ICX)
         =Dragonchain (DRGN)

92
Firstly, you should do your own research. Don’t pick any crypto just because other people say it is going to “RISE TO THE MOON” in 2018, or because you saw a 50% increase in 1 day. I cannot stress this enough, don’t do what other people are doing but think for yourself. Don’t be one of those FOMO people. Be critical and look at each coin from different perspectives. Ask questions like:

Why is this coin on the market? How is it different than the other coins? What does it promise?
What is the team behind that coin? What are their visions? Do I agree with them? What are they trying to improve?
Look at the market cap. Never think that coins like Ripple which have unlimited supply will shoot as high as Bitcoin stands now (doesn’t mean Ripple is bad, just saying it’s mathematically impossible)
Based on the criteria listed above I have selected:
IOTA, ETH, Ripple, FUN, Stellar, Litecoin, OmiseGo, EOS, and Cardano.

93
the incidence of one individual successfully spending a Bitcoin balance more than once – is a major concern for all digital transactions. The block chain itself does not prevent double-spending; instead, all transactions posted to the block chain are verified and protected through a confirmation process. Once a transaction has been confirmed, it becomes irreversible and posted publicly.

Understanding the Block Chain
In Bitcoin terms, a "block" is a file of permanently recorded data. All recent transactions are written into blocks, much like a stock transaction ledger on an exchange.

The term "block chain" refers to a virtual ledger that is publicly (yet anonymously) shared to all members of the Bitcoin network. Any economic transaction involving the Blockchain.info allows users to navigate the Bitcoin block chain and review transactions in quantity only; information about the buyer and seller are protected. Bitcoin uses a high-level AES encryption to prevent outside sources from accessing or changing the ledger.

All Bitcoin wallets are instantly updated through the block chain. "The integrity and the chronological order of the block chain are enforced with cryptography," the Bitcoin website indicates.



94
Cryptocurrency discussions / what is altcoins?
« on: May 23, 2018, 11:36:26 AM »
Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as better substitutes to Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Many altcoins are trying to target any perceived limitations that Bitcoin has and come up with newer versions with competitive advantages. As the term 'altcoins' means all cryptocurrencies which are not Bitcoin, there are hundreds of altcoins.


95
Cryptocurrency Price Speculations / How Will Ethereum Scale?
« on: May 23, 2018, 08:16:51 AM »
Like other public blockchains, ethereum intends to support as many users as it can.

The problem is that, today, we don't really know the limits of the platform.

Because of a hard-coded limit on computation per block, the ethereum blockchain currently supports roughly 15 transactions per second compared to, say, the 45,000 processed by Visa.

This limitation of ethereum and other blockchain systems has long been the subject of discussion by developers and academics.

While ethereum developers might like to highlight how the flexible smart contract platform differs from bitcoin, for example, it isn't unique in regards to scalability.

As disappointing as that might sound, there's hope in proposed solutions that haven't made it into the official software yet.

96
Cryptocurrency Price Speculations / How Ethereum Works
« on: May 23, 2018, 08:13:52 AM »
Now that we've covered what ethereum is, let's dive deeper into how the platform functions under the hood.

Consider the online notebook application described in "What is Ethereum?"

Using ethereum, the app doesn't require one entity to store and control its data. To accomplish this, ethereum borrows heavily from bitcoin's protocol and its blockchain design, but tweaks it to support applications beyond money.

Ethereum aims to abstract away bitcoin's design, however, so that developers can create applications or agreements that have additional steps, new rules of ownership, alternative transaction formats or different ways to transfer state.

The goal of ethereum's 'Turing-complete' programming language is to allow developers to write more programs in which blockchain transactions could govern and automate specific outcomes.

This flexibility is perhaps ethereum's primary innovation, as explained in the guide "How Ethereum Smart Contracts Work".


97
Ethereum is fast emerging as a major cryptocurrency. In the last few days, it has scaled new heights quite consistently. Also, in the calendar year 2017, it is risen by about 3600%. This is one of the main reasons why most of the investors are also looking at Ethereum as a long-term investment bet.

This brings us to the important question what can be the Ethereum price in the future. You need to understand that you have to look into the usability as well as the application of the cryptocurrency. When you are able to look at the usability and application of cryptocurrency, thereafter only it would become easier for you to understand how its value can appreciate. When you’re looking at Ethereum, you would realize that it is underlying capability that is it provides decentralized processing power as well as bandwidth. Owing to this very reason, Ethereum is much different as compared to the other tokens which are just a token for investment. This also means that the value of Ethereum would increase in the future.

98
As digital currencies have become increasingly popular, you’re likely to have encountered terms and names that may have been unfamiliar just a short time ago. This industry is an exciting and fast-changing one, but it can be difficult to stay on top of all of the terminology and to understand the technology that underlies the virtual currency world.

Ethereum is a name that comes up often in discussions of the digital currency space, and with good reason. Alongside mentions of ethereum, you may also encounter the term “ether." In this explainer, we’ll take a look at the differences between “ethereum” and “ether,” providing clarification on how they differ.


99
Each particular action on the ethereum network or in a decentralized app requires a different amount of computational power and time. The greater the power and time required, the higher the ether fee for the action to be completed. In this way, ether is different from a digital currency like bitcoin. (See more: Bitcoin Vs Ethereum: Driven by Different Purposes.)

There are other ways that it differs. For instance, many digital currencies have hard caps, or maximum numbers of tokens or coins that can be mined. Ether does not have a limit of this type. 18 million ether can be mined per year. 60 million ether was bought by users in a 2014 crowdfunding campaign, while another 12 million went to the Ethereum Foundation.

100
Cryptocurrency Price Speculations / Whi needs ether?
« on: May 23, 2018, 04:26:57 AM »
Developers who intend to build apps that will use the ethereum blockchain. Users who want ti access and interect with smart contracts on the eth. Blockchain.

101
For companies such as AMD and Nvidia, which have dominant positions in the gaming chip market, a focus away from their core business may not be a prudent course of action.

As seen, these companies may have to bring out new GPUs designed exclusively for this purpose to pose a real threat to the ASIC chips, which are predominantly manufactured by the Chinese, who are notorious for their low-cost market positioning. How viable is the spend on such exclusive chips is a moot point.

102
While cryptomining can generate a small income for a cryptocurrency miner, in most cases only in the amount of a dollar or two per day for an individual using their own dedicated computer hardware. Expenses like electricity, internet connection, and computing hardware also impact the net revenue generated by cryptocurrency mining.
In order to get started mining, cryptocurrency miners will need dedicated computer hardware with a specialized graphical processing unit (GPU) chip or application-specific integrated circuit (ASIC), sufficient cooling means for the hardware, an always-on internet connection, a legitimate cryptocurrency mining software package, and membership in both an online cryptocurrency exchange as well as an online mining pool.

Aspiring cryptominers should also know that as cryptocurrencies have risen in both popularity and value, competition has increased substantially as well and now includes organizations and enterprises with more extensive resources than most individuals can compete with.

103
Crypto currency Mining / How Cryptocoin Mining Works
« on: May 23, 2018, 01:49:47 AM »
Let's focus on mining 'scrypt' coins, namely Litecoins, Dogecoins, or Feathercoins. The whole focus of mining is to accomplish three things:

Provide bookkeeping services to the coin network. Mining is essentially 24/7 computer accounting called 'verifying transactions'.
Get paid a small reward for your accounting services by receiving fractions of coins every couple of days.
Keep your personal costs down, including electricity and hardware.

104
Crypto currency Mining / Is It Worth It to Mine Cryptocoins?
« on: May 23, 2018, 01:48:00 AM »
As a hobby venture, yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day. In particular, the digital currencies mentioned above are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months.


As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

105
Cryptocurrency Price Speculations / How do i access eth?
« on: May 22, 2018, 04:54:04 PM »
There are many ways you can plug into the eth network, one of tge easiest ways is to use its native mist browser.
  Mist provides a user friendly interface and digital wallet for users to trade and store ether as well as write, manage, deploy and use smart contracts.

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