Bytecoin is a cryptocurrency that was first to implement the CryptoNote protocol. Bytecoin made a significant impact on the cryptocurrency industry and remains to be one of the most popular coins on the market to this day. Bytecoin became a base for multiple forks, some of which are Monero, AEON, and Fantomcoin.
Blockchain Technology Definition & News
Blockchain is a distributed ledger technology, where data is immutable, the network is built on the principles of decentralization and cryptography. Read recent news about blockchain technology use cases and future projects in our blog.
For a long time blockchain was considered only to be a driving technology behind cryptocurrency. However, the modern approach to the blockchain is constantly widening for the last several years and covers more and more enterprise fields. Current blockchain development trends are some of the most promising for IT and FinTech industries that provide them […]
Smart contracts is a feature that is mentioned in almost every blockchain-related discussion. Indeed, the technology turned out to be extremely handy for many influential institutions and is widely considered to be the future of day to day transactions. However, it still produces a certain amount of confusion. In this article, we will tell everything […]
Dead coins are an actual burden for the cryptocurrency community. Not only do they result in substantial losses for miners and traders but they also leave a mark of unstable and fraudulent nature on the whole blockchain industry. The blockchain developers are precisely the people to deal with such issues, so they already came up […]
One of the latest trends for cryptocurrency and blockchain developers is making projects aimed at so-called developing countries. Limited access to the traditional banking system makes these markets favourable for the further development of various blockchain projects, which could improve conditions of life for many people there.
Cryptocurrencies, as we all know, are not secured with some stable assets, however, they’ve got a value and an exchange rate against the U.S. Dollar, which is accepted as a worldwide common currency. That makes them volatile and inconvenient for daily transactions. The adoption of stablecoins comes up as a necessity as the decentralized economy […]
There is no doubt that mining is the backbone of every cryptocurrency. Whether it is on a mobile phone, ASIC, or hardware in the Cloud, it is these computations, big or small, that make the transactions of users possible. Here is an up-to-date review of the CryptoNote mining scene.
There have been many algorithms discussed and proposed over the years in the cryptocurrency space. There are many arguments for and against each Proof-of-Work algorithm, however, we’ll discuss two most widely known of them – CryptoNight and EquiHash.
This year has been an eventful year for forks. We have seen excitement build over and over again as a barrage of forks came our way from every corner of the cryptocurrency community. Monero, in particular, saw no less than 5 forks in just a few past months. Here we will look forward to the […]
The words “blockchain” and “distributed ledger technology” sounds like synonyms for most people. Only a few can tell the distinction between this two terms. But DLT is not equal to the blockchain, even though they have so much in common.