Everything you need to know about the cryptocurrency universe
In The Hitchhiker’s Guide to the Galaxy the characters visit the planet Magrathea which is home to the planet building industry. Bitcoin is much like Magrathea and the Alt-coins in the cryptocurrency universe are like the planets that get built.
Altcoins are cryptocurrencies other than Bitcoin. Altcoin is a combination of two words: “alt” and “coin”; alt is short for alternative and coin as to do with currency; together they imply a category of cryptocurrency that is alternative to Bitcoin itself.
The majority of altcoins are forks of Bitcoin and are slight changes to the underlying Blockchain. Altcoins are the later alternative cryptocurrencies launched after the immense success Bitcoin had after its release in 2009. After the Bitcoin became a success, many other peer-to-peer digital currencies have emerged in an attempt to imitate it.
In General, altcoins are alternatives to bitcoin because they tend to improve and solve the Bitcoin protocol’s limitations and features. Alternative currencies aim to be better substitutes to Bitcoin, or serve different niche markets.
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Source: Business Insider
Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin
Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users.
The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cashblockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash.
And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.
Block 479,808 (set for this weekend) will likely trigger a difficulty adjustment downwards 50%, and if the prices of bitcoin and bitcoin cash stay the same, this means miners will make almost double on bitcoin cash what they would on bitcoin.
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Source: CoinDesk
Digital currencies have experienced incredible price growth since the beginning of 2017, leading many to wonder if their market value is exceeding their intrinsic value.
When this happens, speculators drive the price of an asset to lofty and unsustainable heights, creating a financial bubble.
These bubbles inevitably pop, bringing potential ruin to those who bought near the top.
Severe speculative bubbles can also discredit an entire market sector, leading to a prolonged bear market as traditional investors stay away.
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Source: CoinTelegraph
10 Reasons Why Central Banks Will Miss the Cryptocurrency Renaissance
It's a familiar trend, one that happened in communications (internet), and that is now playing out in energy (solar), manufacturing (3D printing) and finance (cryptocurrency) – power and control are moving into the hands of the individual and away from nation states.
This has huge implications for central banks, which today enable nation states to maintain their monopolies over the issuance of notes, coins and sovereign bonds. While communications and manufacturing are not their focus, cryptocurrencies and initial coin offerings (ICOs) fall predominantly in the realm of central banks.
In these systems, central banks don't issue legal tender. Rather, miners and algorithms now control the issuance of tokens – effectively, the money supply. Whereas previously banks were licensed to store, send and spend currency, now wallet providers and exchanges allow the same features.
The currency renaissance has arrived and central banks are studying cryptocurrencies, though some central banks are more open to change than others.
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Source: CoinDesk
How to Develop White Paper for ICO: Do’s and Don’ts
It can sometimes be tough to stay up to date for those of us who like to keep a keen eye on new currencies entering the market. Initial Coin Offering's (ICO's) seem to be almost a daily occurrence.
With cryptocurrencies hitting such a boom period in both practicality and media attention, it's hardly surprising that there is a rush to develop and deploy new offerings as soon as possible.
If it is done right, an ICO can be a complicated and lengthy processes to structure. Aside from the actual technological development of the coin itself (including any exchanges, wallets or other extras being deployed), there are a huge number of additional commercial and business factors to consider during the process.
Having been fortunate enough to assist with six ICO's over the last few months (including some of the markets biggest movers) it has become apparent that there is one, often overlooked, pivotal element in the entire process – the White Paper.
Full story at http://bit.ly/2v7tIY5
Source: CoinTelegraph
Making Sense of Cryptoeconomics
A few months ago Parker Thompson, a well known Silicon Valley VC, tweeted that "the concept of crypto-economics is stupid. It's economics. Inventing your own word is just an excuse to ignore well-understood concepts."
The term "cryptoeconomics" causes a lot of confusion and people are often unclear on what it is supposed to mean. The word itself can be misleading, as it suggests that there is a parallel "crypto" version of the whole of economics. This is wrong, and Parker is right to mock such a generalization.
In simple terms, cryptoeconomics is the use of incentives and cryptography to design new kinds of systems, applications, and networks. Cryptoeconomics is specifically about building things, and has most in common with mechanism design – an area of mathematics and economic theory.
Cryptoeconomics is not a subfield of economics, but rather an area of applied cryptography that takes economic incentives and economic theory into account. Bitcoin, ethereum, zcash and all other public blockchains are products of cryptoeconomics.
Full story at http://bit.ly/2wbJEwx
Source: CoinDesk
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