Month: February 2018

Top 10 Cryptocurrency Acronyms

Cryptocurrency represents an environment that is constantly growing and changing. As this ecosystem evolves and becomes increasingly complex, so does the jargon used most frequently in conversation. Acronyms play a large role in cryptocurrency dialogue, and without knowledge of the terms they refer to, it can be difficult to follow the information being shared. Here are ten of the most popular cryptocurrency acronyms that everyone should have knowledge of. 10. OTC “Over the counter” refers to a method of trading that bypasses an exchange service. With OTC trading, buyers and sellers instead agree upon an exchange rate for a set amount

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Why Do Cryptocurrencies Need Blockchain?

Even with the crypto revolution gaining more and more momentum by the day, there still seems to be a tangible knowledge gap within this sphere. For example, many people are still not clear as to what the blockchain and crypto assets really are. Life was quite simple when Bitcoin stood as the lone blockchain, because it allowed the words cryptocurrency and blockchain to be used interchangeably. However, with the maturing of the crypto ecosystem, a large number of blockchains have flourished and become entities unto themselves. A lot of confusion has ensued, since the term blockchain is now also used within contexts

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What Is the MoonLite Project?

TheMerkle MoonLite ProjectCryptocurrency mining has always been an interesting endeavor, despite its expensive requirements. It seems the MoonLite Project aims to bring more positive attention to this industry. Whether or not they will be successful remains to be seen, as organizing an ICO for such a venture is a bit questionable. The MoonLite Project in a Nutshell On paper, the MoonLite Project is certainly intriguing. The team is focusing on bringing more mining support to various cryptocurrencies. More specifically, the group wants to set up mining data centers for Bitcoin, Dash, Litecoin, and Ethereum. All of these currencies can benefit from more mining support to

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Bill Gates States Cryptocurrency “Has Caused Deaths in a Fairly Direct Way”

bill gates cryptocurrencyOn Tuesday, Microsoft co-founder and avid philanthropist Bill Gates participated in an Ask-Me-Anything (AMA) session on Reddit, where users of the site present questions on any topic for the billionaire to answer. Among questions of coding semantics and peanut butter sandwiches, one Redditor asked for Gates’ opinion on cryptocurrency. Redditor /u/Askur1337 asked Gates for his take on cryptocurrencies, to which Gates provided several sentences explaining why he has adopted an unsupportive approach to the recent craze. While many may assume that the technology magnate recognizes the massive potential of cryptocurrency, Gates takes a much more pragmatic view on the emerging tech.  Gates suggests

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