<!-- --> Litecoin’s privacy-centric Mimblewimble upgrade has crypto exchanges in Korea worried about how to accommodate LTC holders in a compliant...

Mimblewimble. What is Mimble-huh? Let’s sound it out together Mim—ble—wim—ble There you go! Page Contents 👉 What is Mimblewimble? Mimblewimble is a protocol that has strong privacy, security,...

Crypto markets have been choppy over the past week. Several regulatory news headlines contributed to the moves. President Joe Biden signed an executive order on cryptocurrency policy which is designed to support ‘responsible innovation,’ and MEPs in the EU voted against a proposed bill to limit proof-of-work-based cryptocurrencies. These are positive signs for crypto but […]

The post Crypto Index Tracker – DeFi and Privacy Coins Lead Gains appeared first on The Daily Hodl.

What is the future of blockchain and cryptocurrency? That’s one of the most common questions on the minds of many crypto investors or enthusiasts. While many believe Bitcoin will become the world’s reserve currency, others predict privacy coins like Zcash will take over. But there may be another contender who could be one of the biggest blockchain technology breakthroughs. That is Algorand, an innovative platform based on proof-of-stake algorithm and security deposits. A Review of Smart Contracts What is a smart contract, really? It is a computer program that controls financial assets or property and executes exactly as programmed. It’s to digitally facilitate, verify or enforce negotiation or performance of an agreement. So, there is no need for a third party (like a bank). Essentially, the intention is to replace trust in humans with trust in code. But what does that actually mean for you and me in practice? How will smart contracts change everything for blockchain technology? How do we decide which ones are best for our own needs—whatever they may be? Let’s take a closer look at some potential use cases of blockchains when it comes to smart contracts. ​ One of the most useful applications of smart contracts in decentralized file storage. For example, suppose someone wants to store data on IPFS but can only commit small amounts of money at a time due to constraints set by their employer or university. A simple algorithmic script running on the blockchain allows them to store that piece of data on IPFS without actually owning any cryptocurrency while still gaining credit for other contributions made during their workday. In this way, everyone involved gets access to decentralized storage without needing any cryptocurrency​ themself! How does Algorand Work? Algorand is a new blockchain architecture that focuses on solving several problems that exist in existing blockchain models. The primary goal is to achieve security guarantees like those run by classical Byzantine fault-tolerant (BFT) consensus algorithms. However, unlike PBFT and Tendermint, Algorand requires just 16 nodes to agree on every block. Furthermore, it does not rely on third-party services to run its network. This implies that no single party may withhold service, disrupt processes, or manipulate results without majority consent. Simply put, there’s no way for a bad actor to take advantage of their position and tamper with data. Furthermore, each node validates all transactions locally and must decide on each one independently before acting. Even if an attacker temporarily controlled several of Algorand’s sixteen consensus participants, he would have minimal leverage. His ability to perform future transactions would be limited. He wouldn’t have access to information about prior transactions until they were recorded into blocks. Therefore, he would be unable to predict their effect on his reputation score reliably or otherwise corrupt them. The Problem with Bitcoin, Ethereum, and Other Cryptocurrencies The problem with cryptocurrencies is that they don’t scale. For example, Bitcoin currently carries out 7 transactions per second, while Ethereum can only handle 15. This means that you can’t support a truly global economy with either cryptocurrency as a foundation, not even on a regional level. Many other cryptos are attempting to fix scaling problems. However, few have gained enough popularity for their use cases even to matter yet. And if the use of cryptocurrencies isn’t widespread, how will businesses or governments fully use them? Or do we want them to make full use of them? Besides, all of these cryptocurrencies run off some form of blockchain technology. So there must be something better than blockchain technology for us to get true scalability and better usability. The Problems Algorand Identifies From Other Blockchains There are two core problems concomitant with today’s blockchain applications: scalability and security. Scalability is a matter of size related to how many transactions per second an application can handle. On the other hand, security is a big deal for financial institutions and companies who don’t want careless sharing or compromise in sensitive data. Traditionally, having multiple computers confirm every transaction addresses these issues. The idea is to create redundancy by dividing those transactions among several devices rather than one mega computer. Then, if something goes wrong on one device (or gets hacked), others pick up where that device left off. That strategy has some pretty serious limitations, though. First, because everyone needs to process every transaction, scalability remains on a tight leash no matter how many computers you add-in. Another issue is that only one group can process all those transactions. It’s not very private when everyone knows exactly what everyone else is doing. And finally, there’s latency or lag time. As more people join a network, it takes longer for your transaction to appear as part of that network. This is because each computer must first verify everything before adding its approval on top of everything else. That makes … Continued

The post Could Algorand be the Future of Blockchain? appeared first on Cryptoknowmics-Crypto News and Media Platform.

With governments in Russia and Canada sanctioning specific crypto addresses, concerns arise over the slow erosion of Bitcoin's fungibility.

The post Sanctions, censorship, and ESG: Is Bitcoin still fungible? appeared first on Protos.

There is a noticeable shift in the global economy toward digital currencies. They present a great alternative to its fiat counterparts because they are transparent, decentralized and not controlled by any government. Cryptocurrencies are becoming increasingly popular due to their advantages, causing the crypto industry to grow rapidly. While some governments consider cryptocurrency a fringe […]

The post Most Prominent Crypto Regulation Cases in 2021–2022 appeared first on The Daily Hodl.

Major cryptos registered mostly small losses. On Monday, the European Parliament’s Committee on Economic…

The post Highlights March 15: Major cryptos in the red, China tech firms lead US indices lower appeared first on Coin Journal.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice One of the largest privacy coins in the ecosystem, Zcash appeared to experience a revival in interest as prices soared in the past few days. The number of active addresses on the chain nearly tripled […]

Brookings, one of the most influential think tanks in Washington DC, is ringing alarm bells about privacy coins like Monero and Zcash.

The post Top US think tank warns Monero, Zcash could help evade sanctions appeared first on Protos.

US President Joe Biden signed an executive order instructing federal agencies to prepare a…

The post Highlights March 10: AVAX leads major cryptos’ slide, US markets surge appeared first on Coin Journal.

Crypto markets have been unable to sustain their rallies from last week. Bitcoin reached highs of around $45,000 last week before falling to lows of around $37,000 as recent as yesterday, currently trading at around $39,000. Crypto markets appear to be unable to shrug off their correlation to equity markets. Moreover, prospective regulation could be […]

The post Crypto Index Tracker – No Differentiation Across Crypto Themes appeared first on The Daily Hodl.

The Exodus wallet is a multicurrency cryptocurrency wallet that has generated a great deal of buzz since its launch back in 2016. It is a well-designed wallet that is aesthetically pleasing and packed with numerous features such as an option that allows users to stake assets directly within the wallet to earn passive income, and […]

The post Exodus Wallet Review: Everything You Need to Know appeared first on Coin Bureau.