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Showing posts from April, 2018

Top 4 Bitcoin Hard Fork Results in 2018

Bitcoin, the first cryptocurrency in the world was hard fork multiple times last year (2017) and also this year (2018) . As it's fork results, There are 4 top coins of Bitcoin hard fork that listed in top 100 cryptocurrency in coinmarketcap.com. 1. Bitcoin Cash Bitcoin Cash is a result of Bitcoin hard fork that was occured on 1 August 2017 at Block 478558. Based on coinmmarketcap.com, Bitcoin Cash (BCH) ranked fourth for most traded coin in all exchanges. Bitcoin Cash solved 1 MB Block size limit of Bitcoin and raised the block size limit to 8 MB. The mining algorithm of Bitcoin Cash is SHA-256, the same algorithm for Bitcoin. For more information, you can visit https://www.bitcoincash.org . 2. Bitcoin Gold Bitcoin Gold is another result of Bitcoin hard fork at block 491407 on 24 October 2017. The mining algorithm of Bitcoin Gold is Equihash. It's a mining algorithm for GPU. For more information, you can visit https://bitcoingold.org . 3. Bitcoin Private Bitcoin Private is the

Which Cryptocurrency Is The Best Cryptocurrency ?

Is Bitcoin the best cryptocurrency? If it's 2010, then the answer is yes, but, now is 2018 and there are so many cryptocurrencies spreads over the internet and Bitcoin is just one of them. But, even if Bitcoin is just one from many cryptocurrencies, Bitcoin still gets the highest usage and popularity. Many cryptocurrency exchanges uses Bitcoin as based currency to buy another cryptocurrency. Which Cryptocurrency Is The Best Cryptocurrency ? There is no thing like best cryptocurrency because every cryptocurrency has its own function and purpose. For example, with Ethereum, we can create our own coin with our own purpose. Many coins were made based on Ethereum with Solidity programming language. Even if there is no best cryptocurrency, but when we talk about marketcap and most traded cryptocurrency, Bitcoin is the winner. Based on coinmarketcap.com , Bitcoin traded on more than 350 exchanges in the world.

Attack of ASIC Mining and Response from Cryptocurrency Developers

Based on EIP (Ethereum Improvement Proposals) 1011 : Hybrid Casper FFG , Ethereum wants to change it's mining model from POW (Proof of Work) to Hybrid POS(Proof of Stake)/POW and to full POS later. This change was on the roadmap and in the Yellow Paper since the launch of the protocol. There are several reasons behind this change, partly because POW consumes enormous energy and the other reason is to fight ASIC mining. The PoW block reward is reduced to 0.6 ETH/block because the security of the chain is greatly shifted from PoW difficulty to PoS finality and because rewards are now issued to both validators and miners. Even if Ethereum change to POS, it's still not the end of GPU mining. As you can see, there are a lot of anti ASIC coins to mine, especially that listed on whattomine.com like Ethereum Classic, Bitcoin Gold, and Monero. Several weeks ago, Bitmain launch it's cryptonight and ethash mining machine. Monero responded it with hardfork and change it's mining al

Which Top 5 Cryptocurrency To Invest in 2018

There are so many cryptocurrencies that have spread across the Internet. The problem is that not all cryptocurrencies last long in the market. There is a new one just enter the market and then the project is stopped so that must be delisted from all existing markets. Of course this is detrimental to investors, especially those who have bought cryptocurrency in a very large number. For that reason, investors should continue to monitor the development of existing cryptocurrency, so that when there is bad news it can immediately sell its owned cryptocurrency assets to prevent greater losses. Which cryptocurrency is safe to invest? There is no certainty in investing, nor in cryptocurrency, moreover it is a new technology that has recently been used. However, for a reasonably safe investment, better funds are broken down into cryptocurrencies that have large trading volumes and marketcaps at coinmarketcap.com. Here are 5 Cryptocurrencies that have the largest volume in USD in April 2018. 1.

How To Make An Ethereum Wallet

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To receive payment in Ethereum or mine Ethereum, you must have an Ethereum wallet. The popular Ethereum wallet is MyEtherWallet (MEW) and MetaMask . Usually MEW used when participate in ICO to sends payment using smart contract and receive token. Metamask can be use in decentralized cryptocurrency exchange like Fork Delta . MyEtherWallet 1. Go to https://www.myetherwallet.com/ 2. Enter a password to encrypt the wallet (DON'T FORGET THE PASSWORD OR YOU WILL LOST YOUR WALLET!)   3. Click Create New Wallet 4. Store JSON file By Click Download Keystore File 5. Save The Private Key And Click On Print Paper Wallet to print your paper wallet 6. STORE YOUR PRIVATE KEY IN THE SAFE PLACE AND DON'T GIVE IT TO ANYONE, IF YOU LOST IT,  YOU LOST YOUR MONEY AND NO ONE CAN HELP YOU ! 7. Now you can receive Ethereum with your public Ethereum Address, you can give the public address to the people (Don't give the private key, only the public key). 8. You can

Which Cryptocurrency Investment Is Most Profitable Today

2017 is the year of cryptocurrency when the price of major cryptocurrency went up thounsand percent. Bitcoin as the first and the biggest volume cryptocurrency in the world gains the highest price at about USD 19,000. The significant price increase attract the attention of most government in all over the world to the cryptocurrency especially Bitcoin . Some country were trying to make a new regulation for cryptocurrency especially for taxation because several person tried to store their assets in cryptocurrency to avoids the taxation system. Price Volatility Cryptocurrency investment is a very high risk investment because the price is volatile. For example is the significant drop of major cryptocurrency in the middle of January 2018 and continues to drops until February 2018. In February, the price drops to 3 months low at USD 6,000 then bounce back to about USD 11,500. In Maret 2018, Bitcoin drops again from USD 11,500 to USD 6,500 and bounce back to USD 8,000 when t

Bitcoin, The First Cryptocurrency In The World

According to Wikipedia , Bitcoin is the first decentralized digital currency in the world, as the system works without a central bank or single Administration. Bitcoin was invented by Satoshi Nakamoto in 2009 as an open source software. Until now, there is no clue about the real identity of Satoshi Nakamoto. In 2011, the price of Bitcoin was only USD 0.3 and started to rose to hundred of dollars in 2013, then to thousand of dollars in 2017. The question is why the price is very expensive? Some people said that Bitcoin is the largest bubble in the history, but let's analyze the reason behind the price. 1.Bitcoin Total Supply is Fixed Bitcoin total supply is only 21 Million and that's fixed. It means, there will be no Bitcoin created after the last satoshi mined (1 Bitcoin equals to 100 Million Satoshi). 2. The Target Market The other reason is the market of bitcoin is the whole world. Everybody can buy bitcoin in the cryptocurrency exchange or mine it using mining equipme