Hyperledger Releases Its First Production Ready Blockchain
In our digital age it is perhaps easier than ever to remove someone from history. While it is easier than ever to record what’s going on, it is similarly just as easy to alter and distort the events thanks to tools like Photoshop. Certainly, it is unacceptable practice for every planned hard fork moving forward to be met with its own listed non-fork coin. If I wanted to destroy the long term viability of any cryptocurrency project based on a blockchain, including Bitcoin, I would create community dissent after a hard fork and then do exactly what Classic has done – try to package the failed chain into an actual competing financial cryptographic asset, get it trading on exchanges against the Mother chain, and so on. Nothing like a little market cannibalization and loss of fungibility to make everyone lose their minds.
Mining Altcoins: Though this process is very easy, they are of much lesser value when compared to Bitcoin. Because of their lower value Altcoins are not as popular as the other. Those who want to earn from their Altcoins may run the appropriate program on their PCs. The Altcoins use the mining algorithm known as ‘Scrypt’. They cannot be solved using the ASIC chips. The miners can then either spend the currency or swap them for Bitcoins at the Crypto Currency Exchange. For producting Altcoins, the miner has to write a short script for the command prompt. Those who write the script perfectly are ensured of success. One has to decide whether to join a pool or to produce alone. Joining the pool is the ideal choice for Altcoin miners.
Secondly, you also want to cross-check your information about these coins on social media sources such as Reddit and Twitter Start off on Reddit by doing a search for the coin, as well as looking at the number of subscribers on the altcoin’s subreddit. I bought a ton of Dogecoin at 30 satoshi when I first saw the /r/Dogecoin community grow to 2500 subscribers 1 week after launch, which was way more than most other coins at that time (most new altcoin subreddits get less than 50 subscribers in 1 week). Dogecoin has even surpassed Litecoin to be the second largest cryptocurrency subreddit with over 50k rich shibes right now I’d love to go on talking about why Dogecoin has much future, but I’ll leave that for another post.
Furthermore, there’s no correct method to implement anonymity into a system, be it on a protocol level, or a transaction level. As far as I know, Monero currently has the best working solution for anonymity, while DASH can be argued to be second; however, this will change when ZCash launches. I shall not go into detail about this, but instead give you a brief list of the various kinds of anonymity features used by different altcoins. If you’re interested, I have linked a few resources about this topic below.
Yea, even though countries like Nigeria and few others still tagged Bitcoin an illegal tender, the truth remains that Bitcoin is a decentralised currency. It is a mystery and can be termed odieshi in Igbo parlance. What I simply mean here is that no country can stop its movement within her territory. This is because, Bitcoin is not transferred via any institution like banks, you cannot trace who is doing the transfer or the receiver as every transaction is via ”encrypted” long chains of codes in places of account names and numbers.