The week was good for the crypto market with Bitcoin (BTC) going up over 3.46% and coins BTG, NKN, WRX, XRP, BCD, CTXC, MITH, VIA, CTSI, VITE also in the green.
Let’s take a closer look at this weeks top crypto performers.
Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. Read more
NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors. NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or Ethereum).
WazirX is a cryptocurrency exchange with an advanced trading interface and features to buy, sell & trade cryptocurrencies. It is an exchange with a live open order book system that allows users to trade 80+ digital assets like Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash & many more.Users can deposit/withdraw cryptocurrencies and also cash in/cash out USDT via Peer-to-Peer (“P2P”) to Indian Rupees (“INR”) with ease and speed, as well as securely store their digital assets in the WazirX wallet. Read more
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. Read more
Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495,866 and therewith a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. Read more
Cortex is built on a new public chain called Cortex. The chain includes AI algorithms that support smart contracts, which means anyone can use Cortex to add AI to their smart contracts. It also creates an incentive mechanism for collective collaboration, allowing anyone to submit and optimize models in Cortex, while model contributors can also be rewarded. Read more
Mithril is a decentralized ecosystem on the ethereum blockchain. It is a system that rewards users who engage in “social mining”. Mithril rewards users for the impact their content may have in viewers and the popularity it attracts, such as number of likes and views. In the blockchain network and cryptocurrency, Mithril is a very innovative idea that aims to change the way we think about social media entirely. Read more
Viacoin is a Script-based cryptocurrency derived from Bitcoin. Similar to Bitcoin and other cryptocurrencies, Viacoin is also an open-source project. Viacoin aims to be the cryptocurrency of future, by integrating many innovative key technologies such as SegWit, APoW, Lightning Network, Dark Gravity Wave, and more. Viacoin claims to allow 25 times faster transactions than Bitcoin. Read more
Cartesi is a layer-2 infrastructure, which aims to enable complex and intensive computations to run in a Linux environment, outside the blockchain, without compromising decentralization.
Developers can work in a familiar environment with no artificial limitations and with access to their favorite tools.
dApps can store data temporarily on the Cartesi Side Chain, which is governed by a Proof-of-Stake consensus algorithm, without having to constantly communicate with the layer-1 blockchain. Read more
VITE – A Next Generation High-performance Decentralized Application Platform
Transactions in Vite are grouped by accounts. That is, each transaction only changes the state of one single account. Send transactions are separated from receive transactions, thereby obviating the need to wait for a transfer to be complete before the initiation of another transaction. Read more
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