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

0.4543 USD
-4.39%

ZEC

85.65 USD
-5.60%

DASH

170.40 USD
-6.27%

ADA

0.09184 USD
-7.41%

XMR

96.55 USD
-5.13%

NANO

1.77 USD
-8.18%

Related news

Ripple (XRP) Gains After Bank of America Includes Ripple Ledger

Ripple (XRP) has turned bullish as the number of banks leveraging its decentralized network for cross border payments continues to rise. Reports that Bank of America has filed a patent for a settlement system citing Ripple ledger is one of the catalysts fuelling XRP price action right now. Ripple Price Catalysts The patent describes a system that utilizes a distributed ledger technology to facilitate interbank communication. With the proposed system, BAC seeks to enable real-time settlements through a decentralized ledger. The filing of the patent is of great importance as it comes at a ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

Monero (XMR) Capped at $100 Despite Szabo’s Advocacy

Monero (XMR) steady in the last 24 hours Nick Szabo is advocating Monero Privacy is the future, and Monero is well-positioned. Despite their reliance on developers, Monero as a network is resilient, rebuffing miner centralization attempts. Thus far, like most coins, XMR is vulnerable. Even so, it is trading within a bullish breakout pattern against the USD. Monero Price Analysis Fundamentals The future is, indeed, private. Affirming this is a conscious campaign by citizens against behemoths keen on collecting and processing personal data for their benefit. Social media giant Facebook is one such firm. Notwithstanding their $5 billion settlement with regulators, they are looking to launch a stablecoin backed by several fiat currencies. Although it is novel in theory, there are concerns. One of them is that Facebook will not be trusted with financial data given its track record. Whether or not Facebook’s Libra will weather the storm, Monero, the most visible privacy coin stands a chance. Already, it has support from Nick Szabo, the creator of smart contracts. It’s a lucrative share that will cement Monero developers’ ambitions of creating a perfect cryptocurrency that is cheap, secure, and above all, without vulnerabilities because of complete decentralization. Even so, there is always a trade-off. In the quest for complete decentralization and riding of ASIC miners, the network is vulnerable. Not only is it less secure in terms of computing power, but there is a risk of placing Monero’s code to developers relied on their frequent upgrades. Candlestick Arrangements Presently, XMR is steady but under pressure. Similar to BTC and other liquid coins, there is a chance that bears will flow back. That’s regardless of XMR is trading within a bullish breakout pattern against the USD. Unless otherwise there is a surge past the middle Bollinger Band (BB), the flexible resistance line and $100, the round number, XMR is likely to edge lower. From the chart, it is clear that XMR bulls are weak. Notice that in spite of the under-valuation of July 17, prices are still oscillating within July 16 trade range. If anything, that is bearish. As such it is an opportunity for bears to re-enter from an effort versus results point of view. Immediate target is $50. Aside from that, XMR is printing lower at the back of increasing trade volumes as of June 26, and July 8 candlesticks demonstrate. Technical Indicators As aforementioned, leading this trade plan is July 8 bear candlestick. Trading volumes are decent at 48k. Because of the level of participation vis-a-vis recent averages of 10k, any surge past $100 with high trading volumes surpassing 48k shall confirm buyers of early May. In that case, XMR may float to $120 and later $150. On the reverse side, any drop below $75 will open doors for $60 and if bears are persistent, to $40. Chart courtesy of Trading View. Image Courtesy of Shutterstock Monero (XMR) Capped at $100 Despite Szabo’s Advocacy was last modified: July 22nd, 2019 by Dalmas NgetichThe post Monero (XMR) Capped at $100 Despite Szabo’s Advocacy appeared first on NewsBTC.
NewsBTC/analysis

XRP community celebrates as developer creates new tool to incentivize validators

XRP ledger node validators, who determine whether transactions meet protocol requirements, have been a hotbed of discussion for a long time now. Bitrue, Coingate, and Bitstamp are some of the crypto-exchanges that run XRP validators. To make the network more decentralized, the validator number has to go up. A major cause of concern was its parent […] The post XRP community celebrates as developer creates new tool to incentivize validators appeared first on AMBCrypto.
AMBCrypto

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.