Today’s Crypto News is a daily update of what’s happening in the world of cryptocurrency. From Bitcoin to altcoins, we’ll keep you up to date on all the latest developments.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ether is the native cryptocurrency of the Ethereum platform. It is used to pay for transaction fees and computational services on the Ethereum network.
Ethereum is a platform for building decentralized applications. These are apps that aren’t controlled by any one person or entity. They’re also unstoppable and cannot be changed or censored.
Decentralized apps have many advantages over traditional apps. They’re more secure, because they’re distributed across a network of computers instead of being stored on a single server. They’re also more resilient, because there is no single point of failure that can take them down. And they’re censorship-resistant, because they cannot be shut down by any one person or entity.
Ethereum is best known for its smart contracts feature. Smart contracts are programs that run exactly as they are programmed to, without any possibility of fraud or third party interference.
This makes them ideal for running decentralized applications, because there is no risk of censorship or interference from any central authority. Ethereum has often been described as a “world computer” because it allows anyone to run applications on its network.
In today’s crypto news, we’ll be discussing Litecoin. Litecoin is a cryptocurrency that was created in 2011 as a fork of the Bitcoin protocol. It is similar to Bitcoin in many ways, but it has a faster block time and a different hashing algorithm.
Litecoin has become popular in recent years, as it has been seen as a more “user-friendly” alternative to Bitcoin. It is also one of the more popular cryptocurrencies for mining.
If you are interested in buying or mining Litecoin, be sure to do your research first! As with any cryptocurrency, there are risks involved, and you should never invest more than you can afford to lose.
Bitcoin cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash was created in August 2017, when Bitcoin hard forked into two different cryptocurrencies.Bitcoin Cash is a decentralized peer-to-peer electronic cash system that does not rely on any central authority like a government or financial institution. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin Cash is different from Bitcoin in that it has increased the block size from 1 MB to 8 MB. This allows for more transactions to be processed per block, which makes the network faster and more scalable.
Bitcoin Cash is also sometimes referred to as “Bcash” or “BCH”
Ripple is a US-based technology company that provides global financial settlement solutions to enable the world to exchange value like it already exchanges information. Using the power of the Internet, Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally.
RippleNet offers the most advanced blockchain technology for global payments—making it easy for financial institutions to reach a trusted, growing network of 300+ providers across 40+ countries and six continents.
By joining RippleNet, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. With offices in San Francisco, New York, London, Sydney, Mumbai, Singapore and Luxembourg, Ripple is on a mission to make global payments easy for everyone.
EOS is a cryptocurrency token and blockchain platform designed to enable the vertical and horizontal scaling of decentralized applications (dApps). The EOS blockchain software provides accounts, authentication, databases, and scheduling of applications across multiple CPU cores and/or clusters. The native token of the EOS blockchain is EOS.
EOS was launched in June 2017 as an initial coin offering (ICO) which raised $185 million. The ICO lasted for341 days, during which time 20% of the total supply of 1 billion EOS tokens were distributed to ICO participants. In April 2018, Block.one, the company behind EOS, announced that it had completed the sale of all its remaining EOS tokens, meaning that no more will be created.
The project is overseen by block.one, a Cayman Islands-registered company led by Brendan Blumer and Daniel Larimer. Block.one will release periodic software updates until the scheduled release of version 1.0 in June 2018. After that point, block production on the EOS blockchain will be managed by those who have been elected by the community to do so.
Crypto news this morning is focused on Stellar (XLM) after the project announced a new initiative called StellarX. The news comes as the market for digital assets continues to heat up and investors are looking for new opportunities.
StellarX is a new decentralized exchange that will allow users to trade any asset that is Stellar-based. This includes fiat currencies, cryptocurrencies, commodities, and even loyalty points. The goal of the project is to make it easy for users to trade any type of asset, without having to worry about the underlying technology.
The news has helped push Stellar’s price up nearly 10% in the last 24 hours, and the project is now ranked 7th by market capitalization. With a current market cap of $4.6 billion, Stellar is well-positioned to take advantage of the growing interest in digital assets.
Cardano is a cryptocurrency that is focused on security through a layered architecture. The project, which began in 2015, is being developed by IOHK and Emurgo. The currency is named after Gerolamo Cardano, an Italian mathematician who was one of the founders of probability theory.
The Cardano protocol is based on a paper published by IOHK CEO Charles Hoskinson and Jeremy Wood in 2016. The paper describes a “provably secure and scalable” blockchain that can be used for “smart contracts, decentralized applications, and token issuance.”
The Cardano project is divided into two parts: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is a blockchain that is used for transaction settlement. The CCL is a blockchain that is used for smart contracts and decentralized applications.
The native currency of the Cardano protocol is ADA. ADA can be used to send and receive value on the network or to represent assets on the network (such as loyalty points or carbon credits). ADA can also be used to stake resources on the network to earn rewards.
Cardano has been designed with security in mind. The protocol uses a Proof-of-Stake algorithm called Ouroboros to reach consensus on the network. Ouroboros uses mathematical techniques to prevent double-spending and 51% attacks.
The Cardano team is led by Hoskinson, who was one of the co-founders of Ethereum. Wood is the former CTO of Ethereum Classic and a founding member of IOHK. Other members of the team include SERO CEO Peng Huang, IOHK Chief Scientist Aggelos Kiayias, and Cornell University Professor Emin Gun Sirer.
TRON is a blockchain-based platform for a free and decentralized digital entertainment ecosystem. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers scalable, high-throughput public blockchains that support real-world applications. TRON also provides original blockchain education content through its Blockgeeks platform.
IOTA – what you need to know
IOTA is a cryptocurrency designed for the Internet of Things. The currency has no fees to send or receive, and can be sent without an internet connection. IOTA is still in development and not yet available to the public.