The majority of people assume using cryptocurrencies will make you automatically anonymous. However, this is just a misconception. Majority of cryptocurrencies are traceable. This is because of the way cryptocurrency is designed. The blockchain is like a public ledger. If someone links your real-world identity to cryptocurrencies’ address, all transactions you have conducted so far…
Verge (XVG) is one of the best privacy-focused cryptocurrencies today. It is cheaper, faster and private than Bitcoin. What is interesting about Verge is, it supports 5 hashing functions: Scrypt X17 Lyra2REv2 Myriad-Groestl Blake (2s) This means you can either mine with an ASIC or GPU depending on the algorithm. As of now Blake (2s)…
In simple terms, cloud mining is when you lease someone’s mining hardware, mine with it and keep the profits for yourself. The person or company that rents the hardware, takes care of setting up, maintaining and all other costs associated with mining, in exchange for a fee. Cloud mining can be an interesting way to…
A few years ago, you were able to mine Bitcoin using your CPU. But not anymore. Due to the increase in the difficulty of mining Bitcoins, the scale of mining has become too large for you to do it using a CPU at home. Bitcoins are now mined using complex hardware and software. But there…
Horizon (formerly known as Zencash) is a cryptocurrency that offers a private platform for money, media, and messages. Horizon (Zencash) is also focused on creating a decentralized future. The team is working to implement DAO technology in the coming years. As of now, Horizon uses, Equihash as its consensus algorithm. There are many ASICs available…
Monero (XMR) is a private, secure and untraceable cryptocurrency. Arguably the most popular privacy coin in the crypto world. It focuses on privacy, decentralization, and fungibility. Monero uses a public ledger to record all transactions but this ledger is obfuscated. Meaning, anyone can broadcast a transaction but no outsider can tell the amount, destination and…
Bitcoin SV (Bitcoin Satoshi Vision) was born as a result of a hard fork in Bitcoin Cash blockchain. It aims to bring the values of the original Bitcoin. Craig Wright is the chain leader of Bitcoin SV, who claims to be Satoshi Nakamoto. Since its birth, Bitcoin SV has grown to become one of the…
Ethereum (ETH) is undoubtedly one of the best innovations in the recent past. Until recently, building blockchain applications required a complex background in coding. Thanks to Ethereum, developers are now able to build and deploy decentralized applications fairly easily. In simple terms, Ethereum is a software platform based on blockchain technology that provides all the…
Vertcoin (VTC) is a peer-to-peer cryptocurrency similar to Bitcoin, Litecoin, and other cryptocurrencies. It has its own blockchain, a network of miners and wallet infrastructure. However, unlike Bitcoin, Vertcoin is dedicated to keeping its mining network decentralized. Developers of Vertcoin (VTC) has made this coin resistant to ASICs (Application Specific Integrated Circuits). It forked a…
When we talk about cryptocurrencies, we often assume anonymity to be one of the defining features of cryptocurrencies. However, this is a misconception. Popular cryptocurrencies like Bitcoin and Ethereum can be traced by anyone. If someone links your real-world identity to one of your cryptocurrency addresses, it can reveal all transactions you’ve made so far.…