Slump or Not, BUIDLers Gonna BUIDL

The cryptocurrency market has been anything but stable in recent days. But we, the Finrazor team, do not let the spikes and free falls distract us from work. For the past few weeks, we’ve been preparing a series of educational beginner-friendly articles about some of the more established as well as newer technologies

After all, it’s the tech that we are here for, isn’t that right?

Some of the more widely supported and well-established projects include

  • Ripple, a set of technologies that promise to revolutionize cross-border payments and provide on-demand liquidity;
  • Nano, a highly scalable cryptocurrency powered by the block lattice DAG-based structure;
  • IOTA, another DAG-based high-performance cryptocurrency enabled by the Tangle technology that seeks to be useful in the age of Internet-of-Things and M2M economy.
  • Cardano, a highly ambitious smart-contract platform that employs a strict academic approach to development and peer review process.

Privacy coins and the explorers of the mysterious zero-knowledge cryptography

  • Monero, the biggest Bitcoin-based privacy coin which uses a clever combination of cryptographic technologies such as Ring Signatures, Bulletproofs and stealth addresses;
  • Zcash, another cryptocurrency that uses zk-snarks to give users an option of making their transactions anonymous. Zcash recently held a hardfork called Sapling;
  • Dash, a privacy-focused cryptocurrency that provides users with anonymity by employing coin-mixing techniques,
  • Mimblewimble, a protocol that promises an unprecedented level of scalability which concurrently solves the issue of privacy. It can be implemented as both a sidechain to Bitcoin or a separate blockchain, as are Grin and Beam.

Some of the lesser-known, yet promising projects

  • Algorand, a new protocol that promises high scaling by employing Byzantine agreement and cryptographic sortition.
  • Holochain is a wildly different beast. Unlike many blockchain projects, it puts the individual node and its freedom as the core consideration for protocol design.
  • Avalanche does not even have an implementation yet but still has gained a lot of attention due to its clever design that builds four protocols upon one another and forms a single technological stack.

XRP

0.3061 USD
-0.62%

ZEC

54.09 USD
-4.32%

DASH

65.18 USD
-1.76%

ADA

0.03042 USD
0.13%

XMR

42.91 USD
-2.34%

NANO

0.8310 USD
-0.50%

Related news

Ripple CTO compares Bitcoin [BTC], XRP security models; calls proof-of-work “adversarial system”

In a recent interview with Internet History Podcast, David Schwartz, the Chief Technology Officer of the leading blockchain firm, Ripple spoke about the mining scenario in the XRP ecosystem and compared it against that of Bitcoin [BTC]. Here, he stated that the initial idea, while developing the XRP ledger was to get rid of the proof-of-work mechanism that Bitcoin uses. Here, the CTO backed his statement by mentioning the issues that align with the protocol. Schwartz explained that XRP is not an adversarial system like the Bitcoin ledger. Furthermore, the BTC ecosystem pits miners against each other in a competition for a fixed pool of resources. This creates adversarial interests that make the security model of Bitcoin difficult, he said. In his words: “It’s not an adversarial system like the Bitcoin ledger is. if you’re mining and I’m mining, we’re competing for sort of a fixed pool of resources and that creates sort of adversarial interests that make the security model more difficult.” Subsequently, the blockchain mastermind also elaborated on the nature of the XRP ledger, addressing it as cooperative. He stated that all the members of the ecosystem are working together on advancement. He added: “[…] which means that if you’re going to improve the stability of the network, I want you to participate.  Because you’re not taking anything away from me and I think that can make a more secure model but it does mean that the system can’t sort of give out the digital asset.” He further stated that all the XRP that will ever exist was created in the genesis ledger in June 2012, when the system was built. Regarding proof-of-work, he said that the mechanism has distributed the asset broadly but miners have high expenses wherein the costs of ASIC and power have to be taken into consideration. In his opinion, the money is sucked out of the ecosystem as the miners start selling due to high costs of mining. Lastly, the Ripple official mentioned that the XRP ledger leaves out one inherent feature of predictable market supply, which is fulfilled via Ripple-created escrow accounts. The post Ripple CTO compares Bitcoin [BTC], XRP security models; calls proof-of-work “adversarial system” appeared first on AMBCrypto.
AMBCrypto

Ripple Price Analysis: XRP/USD Bullish, Break Above $0.35 Could Lead to Rallies Towards $0.80

Latest Ripple News Even with falling prices, infrastructure and liquidity funnels continue to sprout. And it is a no-brainer why they are needed. The more the channels for investment and/or use, the steadier the price and as well as breadth and depth. This is why the proliferation of crypto fiat on-ramps is of interest in this space as it is easier for many to buy rather than mine coins as BTC before converting them for other liquid coins as XRP. It is for this reason that the entry and launch of a crypto—fiat trading platform by the Japanese crypto exchange Bitpoint should be exciting. The exchange with an operating license from Tokyo shall operate from Panama and verified users can deposit, trade and withdraw their proceeds through wire transfers. Meanwhile, Charlie Shrem’s firm, CryptoIQ has published a hard-hitting and a rather blunt article: “XRP is a Security, but Ripple Doesn’t Want You to Know”. The post made some startling accusations further reiterating what the community is worried about. Though XRP is the second most liquid coin in the space, its future depends on whether the US SEC classifies it as a security or utility. If the latter is the case then it would be in line with Brad Garlinghouse repeated explanations that XRP is separate from Ripple—which is a centralized company and buying XRP isn’t owning shares or expecting profits from Ripple’s revenue. XRP Price Analysis XRP/USD Daily Chart In the deep of this bear market, XRP/USD is stable and down 11 percent in the last week. Even with this, our previous XRP/USD trade plan is valid and unless there are drops below Sep 2018 lows of 25 cents, we shall retain a bullish outlook on this pair expecting bulls to reverse the last few week’s losses. For that to hold true then there must be positive momentum that will thrust prices above 35 cents—our immediate resistance. This could kick-start reversal of Nov losses perhaps driving prices above 40 cents ushering in the next wave of bull pressure towards 55 cents and 60 cents. XRP/USD 4HR Chart Because we are still bullish on XRP/USD, we shall be searching for bullish opportunities in this time frame. And in that line, Dec 8 2300HRs bull bar is of our interest. Note that aside from being of high volumes—23 million versus 9 million average, it is bullish and XRP/USD prices are still oscillating on its 5 cents range. The upper limit is at 33 cents with clear supports at 29 cents. Therefore, before we trade this pair, there must be a breakout above resistance at the back of strong volumes. First targets will be at 40 cents and later 60 cents. If not and prices drop below Dec 8 lows of 29 cents, then odds are XRP will sink below 25 cents and even test 15 cents by the end of the year. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
Bitcoin Exchange Guide

Blockchain Technology Offers a Solution to Cannabis Quality Control -- CFN Media

SEATTLE, Dec. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing BLOCKStrain Technology Corp. (TSXV:DNAX) (OTC:BKKSF). The company offers a solution to the problem of cannabis quality control by harnessing the power of blockchain technology. With a pilot program already in place with a licensed producer, the company's platform is poised to provide genome-to-sale reassurances to breeders, cultivators, stores, and consumers that they're receiving what they ordered. The Canadian cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, following the legalization of adult-use cannabis earlier this year. While early sales have been brisk, the industry faces key challenges with safety and quality control. Many consumers still receive the wrong strains, while companies continue to struggle to meet regulatory standards and complete the associated paperwork. Quality Control Issues Persist The cannabis industry has long struggled with quality control issues. Since Canada's MMPR was introduced in 2013, there have been a number of recalls and sanctions on licensed producers for tainted and/or mislabeled products. Mandatory testing standards have been implemented across the country, but many medical cannabis patients still complain about receiving the wrong strain and experiencing unexpected effects. Many medical and recreational consumers seek out specific cannabis strains, but it can be hard to differentiate a pure-bred from a mutt. In fact, some research shows that upwards of one-third of cannabis strains don't match their advertised genetics. Many hybrid strains sold under the same name by multiple growers are also different from a genetic standpoint, which can make it nearly impossible for consumers to know what they consume. In the United States, the lack of federal regulations means that safety and labeling concerns are even greater. Many private growers use chemicals, like rodenticide, to protect their crops, which ends up killing nearby wildlife and could make its way into consumers. Some states have introduced their own regulations, but critics point out that the higher tax rates in these areas encourage consumers to go back to the black market. As with the Canadian market, the U.S. FDA has Full story available on Benzinga.com
Benzinga

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