Basic Guide: Chainlink

Chainlink was launched in June 2017 by the San Francisco fintech company SmartContract. Its developers describe Chainlink as a secure blockchain middleware intended to connect smart contracts across blockchains. By allowing smart contracts to access key off-chain resources such as data feeds, web APIs, and traditional bank account payments. Chainlink developers claim that while smart contracts will revolutionize many industries by removing the need for conventional legal agreements. The underlying mechanisms of consensus related to blockchain technology contribute to smart contracts being unable to communicate effectively with external systems. What are “Smart Contracts” First designed in 1993, smart contracts are computer applications running on decentralized infrastructures, like a blockchain. While a standard contract outlines the terms governing a law-enforceable relationship, smart contracts enforce the cryptographic code contract relationship. Once…

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Basic Guide For Monero (XMR).

What do you need to know about Monero ? Monero is the emerging cryptocurrency with an emphasis on private transactions which are resistant to censorship. Many other current cryptocurrencies have transparent blockchains, such as Bitcoin and Ethereum, implying transactions are freely verifiable and discoverable by everyone. In fact, transmitting and receiving addresses for these transactions may be connected to the real-world identification of an individual. Monero utilizes encryption, as well as transacted numbers, to secure sending and receiving emails. The trades in Monero are private and untraceable. Every Monero transaction,…

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ADA Coin: Learn All About Cardano Coin.

What is Cardano? Cardano is a decentralized, blockchain based system, powered by the ADA coin, the cryptocurrency which runs on the Cardano platform. Much like Ethereum, it is a smart contract-based system and can be used to run Decentralized Apps (called DApps). But Cardano is a layered system which are, It has a separate layer which runs ADA exchange, and A separate one which runs the Smart Contracts. Cardano Developer Cardano was developed by Charles Hoskinson, one of the co-founders of Ethereum, and its development is funded by Input-Output Hong…

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WHAT IS TRON (TRX)?

A blockchain offshoot, Tron is a decentralized platform with a twist in the entertainment industry. It has its own cryptocurrency, called Tronix. Its main design model is to make the distribution of multimedia apps and specialized content easier for crypto users and developers. Tron brings to the crypto market another fascinating dimension. It is intended for use in gaming and gambling with the aim of creating and increasing legal casino gambling games based on blockchain. That’s an interesting set of concepts, making Tron a four-in-one blockchain platform: Decentralized internet technology.…

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WHAT IS VECHAIN (VET)? GUIDE FOR BEGINNERS.

VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT). The Vechain platform has two tokens: VeChain Token (VET) and VeChainThor Energy (VTHO). The former is used to transfer value across VeChain’s network, and the latter is used as energy or gas to power transactions.  History of VeChain Sunny Lu, who is the former CIO of Louis Vuitton China, is the founder of VeChain in 2015.…

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Among The Biggest Heist In Cryptocurrency: Plus Token.

What Is PlusToken? Plustoken was a Ponzi cryptocurrency scheme disguised as an investment program of high yield. Project administrators closed the service in June 2019 removed more than $3 trillion in Cryptocurrencies Bitcoin, Ethereum, EOS, and others. After that, they left the message “sorry we have run. This must result in a global manhunt for PlusToken project managers and developed In Korea and China, PlusToken had a big following particularly among investors not familiar with cryptocurrencies. It is a high-yield investment scheme that offered huge “investment” incentives in China and…

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Mt.Gox : Among The Biggest Hack In The Cryptocurrency History ($473 million).

Mt. Gox Mt. Gox is a bitcoin exchange platform based in Shibuya, Tokyo, Japan. It was launched in July 2010. From 2013 to 2014, it handled more than 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the leading bitcoin exchange in the world. In February 2014, Mt. Gox stopped trading, closed websites and exchange services, and filed bankruptcy protection against creditors. In April 2014, the company was declared bankrupt. Mt. Gox announces that about 850,000 bitcoins owned by customers and companies have been lost and…

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How To Identify Scammer In Cryptocurrency

Technology has changed the way people are working, communicating, shopping and even paying for goods. Companies and consumers no longer often prefer cash, and this behavior gives way to contactless payments such as Apple Pay. Consumers can pay for products in electronic registers with a smartphone’s quick wave. A new payment system “cryptocurrency” is now emerging. Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money that…

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WHAT IS LUNO

LUNO is a bitcoin-related company headquartered in London. Luno facilitates bitcoin storage and transactions such as buying, selling and paying through their bitcoin wallet services. They also operate exchanges between traditional currencies and bitcoin. Compatible with: Web iOS Android Founder History of Luno Luno was founded in 2013 In 2016, Luno took part in the FCA Sandbox programme. This allows businesses to test financial products with regulatory supervision. In September 2017, Luno raised $9 million in order to introduce its bitcoin wallet, exchange and services in Europe. Since November 2017,Luno…

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ZCash (ZEC).

What is ZCash? ZCash is a cryptocurrency with a decentralized blockchain that provides anonymity for its users and their transactions. As a digital currency, it is similar to Bitcoin in a lot of ways including the open-source feature, but their major differences lie in the level of privacy and fungilibility that each provides. It is the first cryptocurrency that combine the immutability of the blockchain with advance cryptographic techniques to provide secure and completely confidential transactions. Founder Zooko Wilcox-O’Hearn, is an American Colorado-based computer security specialist, cypherpunk, and CEO of Zcash. He has…

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