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Monero’s New Consensus Algorithm RandomX Coming Before the Year Ends

Monero network is all set to change its consensus algorithm from CryptoNight to Random X before 2019 is over, with the goal to remove Application Specific Integrated Circuits (ASICs) from the network permanently by providing a competitive mining advantage to CPUs. Monero community has always taken a firm stand against the ASIC miners developed by […]
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Monero Price Analysis - New consensus algorithm by year’s end

The network is set to drastically change it’s consensus algorithm from CryptoNight to Random X at the end of November. The goal of the new algorithm is to help remove ASICs from the network permanently by giving CPUs a competitive mining advantage.
BraveNewCoin

Reddcoin Embraces ‘Incentivization Of Decentralization’ With Upgraded Consensus

In an effort to boost network growth and stability, Reddcoin announced the rollout of a New Enhanced Proof of Stake Velocity Protocol, or Enhanced PoSV v2. The latest revision of the protocol is set to go live in late October at block three million of the RDD blockchain. It is designed to provide enhanced network growth stability, strengthened staking incentives, funding support for development teams, and protection of user funds from loss and theft.   Reddheads Have More Fun In an effort to make cryptocurrency more accessible, the Litecoin-forked Reddcoin has managed to develop a dedicated fanbase of “ReddHeads,” who use the cryptocurrency for tipping creators of social media and online content as well as for online micro-donations. The blockchain harnesses a “bespoke algorithm,” which gives users a five percent annual reward for holding the crypto and removes the need for high-energy consumption through its staking mechanism, offering “a more environmentally conscious option” for its operation.  Jay “TechAdept” Laurence, CEO/COO of Reddcoin Solutions, LLC, and strategic project facilitator at Reddcoin (RDD), describes the principles of faith, hope, and charity upon which Reddcoin was built, outlining in detail on Medium. The article explains what the fork means in general and elaborates upon the philosophy behind the project’s latest innovations. He explains that Reddcoin is aiming to lead the larger community by example: “The upcoming PoSV v2 fork is meant to embody these three core principles in a concrete way, serving as an example to other projects to drive overall crypto adoption.”  Better Redd Than… Ummm…. Not Redd? Laurence insists crypto isn’t just about technology or money, explaining that it offers users much more. “Reddcoin aims to hold users’ hands, welcome them to the new vista of digital currency, and support and protect them on their travels throughout the ecosystem.” The PoSV v2 algorithm provides users with staking wallets, which assist in providing network security and blockchain consensus without the need for expensive and power-hungry ASICs. The Reddcoin staking solution requires minimal resources, running on a basic desktop, laptop, mobile, Raspberry Pi, or other similar low-end and embeddable devices. To get more users on-board, the protocol upgrade will boost staking rewards “beyond its present 5 percent reward,” although specific reward figures were not provided. Another tweak of the new protocol is the designation of a percentage of funds to the “Reddcoin Restitution and Recovery Fund.” Laurence explains this mechanism is designed to protect users from lost or stolen coins and corrupted wallets, as well as potentially being used to help others in genuine crisis, who may be “made whole again by the grace of the network itself.” The money will be set aside with the aim of providing users with a “newfound sense of security with the system while maintaining a decentralized platform.”  John “CryptoGnasher” Nash, lead developer at Reddcoin, shares his thoughts on the newest revision, which foregoes the hybrid equity / venture capital method of traditional funding: “In true crypto-pioneering spirit, the teams like ours behind these projects are embracing the built-in incentivization of decentralization to drive development and engagement.” Markets appeared nonplussed with the news, demonstrating a modest climb of around 5% in USD value and a nice gain against BTC that followed along with much of the larger altcoin market.   source: CoinMarketCap   Reddcoin offers the innovative Redd ID, a user-friendly digital wallet that uses a simple chosen username log-in in lieu of a complicated 16-character alphanumeric code. Existing Reddcoin wallet users and exchanges will need to upgrade to version 2.1 of the wallet software before the designated block activation of the new fork. Users can check out more details about the update here or visit www.reddcoin.com.   The post Reddcoin Embraces ‘Incentivization Of Decentralization’ With Upgraded Consensus appeared first on Crypto Briefing.
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DIGEST

BTC vs. BCH: who will win?

Disputes of redditors this week rustled around the BCH and community rules. Once again they remembered Opera with its Cryptocurrency wallet and tried to understand the words of Vitalik Buterin.

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ESSENTIAL

Proof-of-Work and alternative consensus algorithms, advantages and disadvantages of Proof-of-Work as well as its working process, the role of hash and the way to find it, the difference between dual and hybrid mining

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$100K Bitcoin Price Valuation | Stock To Flow Model? Electroneum ETN | Tron TRX Poloniex

Less than 3 million $BTC left to be mined. Bitcoin halving in 208 days. https://twitter.com/Altcoinbuzzio/status/1185356950688550912 When can you expect a 100k BTC - Real Vision Interview with Plan₿ https://twitter.com/realvision/status/1185245355061010437 https://www.newsbtc.com/2019/07/14/refreshed-model-bitcoin-btc-to-see-100000-after-2020s-halving Response to Above Model https://twitter.com/Super_Crypto/status/1185335547805556741 Bitcoin Halving to Push Market Cap Into the Trillions? https://beincrypto.com/dramatic-bitcoin-halving-to-push-market-cap-into-the-trillions Bitcoin as a Savings Technology https://bitcoinmagazine.com/articles/bitcoin-as-a-savings-technology-are-interest-accounts-worth-the-trade-offs Poloniex finds new backing led by Tron’s Justin Sun https://eng.ambcrypto.com/poloniex-splits-from-circle-finds-new-backing-led-by-trons-justin Electroneum ETN is Testing BETA App for AnyTasks Platform https://www.altcoinbuzz.io/crypto-news/product-release/electroneum-is-testing-beta-app-for-anytasks-platform Sign up for Altcoin Buzz FREE Newsletter: http://eepurl.com/dnIEz1 CRYPTO.COM MCO $50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ -------------------------------------------------------------------------------- #bitcoin #cryptocurrency #altcoin #altcoins #crypto #BTC #ETH $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Startup Kava Ready To Raise $3 Million Through IEO On Binance

A few days ago, the Binance cryptocurrency exchange announced the Kava (KAVA) token sale on the Binance Launchpad. This is one of the many projects that conducted an […] The post Startup Kava Ready To Raise $3 Million Through IEO On Binance appeared first on UseTheBitcoin.
Use The Bitcoin

Tron [TRX] Up 5% Amid Rumours of Justin Sun Investing in Poloniex

Tron (TRX) has grown 5% in the last 24-hours following rumours of Tron CEO Justin Sun investing in Poloniex’s new digital firm.  Justin Sun May Invest in Poloniex On Friday, cryptocurrency exchange Poloniex announced in a blog post that it was spinning out of Circle and forming another company – Polo digital assets with new backers and a global focus. Among Poloniex developmental plans is focusing on global traders and spending $100M on expanding and developing the platform. Also, US customers will no longer be able to use Poloniex from the next month. According to rumours, one of the new backers of Poloniex is Justin Sun. The unconfirmed news comes from several Circle employees who refuse to be named. According to sources, Justin Sun is leading the Asian investment consortium backing Poloniex’s new company and he visited Circle’s Boston headquarters regarding the same yesterday and today. Justin Sun has not yet confirmed if the rumours are actually true. TRX Up 5% Amid Rumours TRX has grown 5% in a sluggish market in the last 24-hours, and this upward movement seems to have come as a reaction to the news of Sun’s plans of investment. Source: CoinMarketCap Tron began the week at $0.0161. It reached a weekly high of $0.168 on Tuesday, but it could sustain the upward movement for long, and it closed at $0.0157. On Wednesday, it tumbled further and hit $0.0148 before bouncing to $0.152. On Thursday, it plunged to the weekly low of $0.0146, but embarked on an upward movement again, closing at $0.0154. Yesterday, plummeted to a low of $0.0147, but began an upward journey again to reach $0.0155. Today, it rose to $0.0157 to mark a nearly 5% gain in a 24-hour period. At press time, it is trading at $0.0155. Other Developments at Tron Today, Tron announced the details of its association with Huobi Global. Justin Sun tweeted that users would now be able to deposit TRC20-USDT on Huobi with upto 30% Annualized Percentage Rate (APR) interest as a reward. Source: Twitter Today, as an update on its partnership with the sports betting platform, Sportsbet.io, Tron announced that users would be able to use their TRX to bet on the platform from October 20. The post Tron [TRX] Up 5% Amid Rumours of Justin Sun Investing in Poloniex appeared first on Coingape.
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