Crypto Coins Meaning & Articles

Enter the world of cryptocurrencies and learn how to get the most of them with MinerGate. Read our articles about most intriguing cryptocurrency coins, their meaning and mining process.

51% attack on ETC cannot discredit cryptocurrency.

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This is unfortunate and resulted in a lot of negative press. And any major failure casts a shadow on the entire industry.

There are several important concepts behind cryptocurrency. The first and most basic is security. We believed that trust between users was secured by the system. And this concept has justified itself. But there are still exceptions. Despite ETC’s claimed primacy of code, it was subject to a 51% attack. This is unfortunate and resulted in […]

Story of the coin: Bytecoin

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Story of the coin: Bytecoin

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.

Dead coins: How to make profit on them?

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Dead coins: How to make profit on them?

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 […]

Stablecoins: what are they and what perspectives they have?

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Stablecoins: what are they and what perspectives they have?

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 […]

CryptoNote Mining Overview

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CryptoNote Mining Overview

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.

CryptoNight vs. EquiHash

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CryptoNight vs. EquiHash

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.

Blockchain Consensus Types: Proof of Elapsed Time, Proof of Authority, Proof of Bandwidth

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Blockchain Consensus Types: Proof of Elapsed Time, Proof of Authority, Proof of Bandwidth

To continue where we left off in the previous part, this part delves further deeper into the various consensus mechanisms that have been making a lot of news lately and are being proven as worthy successors to the consensus problem. These algorithms have worked really well in theory but are yet to be adopted into […]