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Coinbase Will Add More Altcoins In 2018

by Will Long | Dec 27, 2017 | Bitcoin, Bitcoin Cash, Cryptocurrency, Dash, News

Coinbase is one of the most popular websites to buy cryptocurrency. We are now hearing that Coinbase will add more Altcoins in 2018.

from ethereumworldnews.com

“In an interview with CNBC, Coinbase co-founder and CEO Brian Armstrong discusses how bitcoin and other cryptocurrencies are becoming Stock Market 2.0. Armstrong also notes that Coinbase will be adding several new cryptocurrencies in 2018 to go along with the three they currently offer — Bitcoin, Ethereum, and Litecoin.”

Coinbase CEO Brian Armstrong:

“The ones that are the most exciting to us that we have on the platform today are bitcoin, ethereum and litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money.”

Which Altcoins Will Coinbase Add?

We are not certain, but if we had to guess we would say that the best contenders are Bitcoin Cash, Ripple, Iota, Dash, and Monero. (in that order).

We are huge fans and supporters of all these altcoins except Ripple. Ripple (XRP) is a token on a centralized blockchain and for supporters of central banks.

Here are their prices as of 12/27/17

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Monero Is Now The Only 100% Anonymous Cryptocurrency

by Will Long | Sep 30, 2017 | Bitcoin, Dash, Facts, News

A new blockchain analysis firm has released surprising news about Dash and ZCash. There is only one true anonymous cryptocurrency on the market at this time, and it is Monero.

BlockSci, a new blockchain analysis firm, has successfully traced transaction from beginning to end on both DASH and ZCash. This is bad news for these blockchain projects as their biggest focus and value add is anonymity. Now this is technically gone.

The good news is that they were not able to trace transactions on Monereo. Monereo’s level of anonymity and obfuscation is still impenetrable.

MONERO Is Still 100% Anonymous. 👍

From themerkle.com:

Criminals flocking to other cryptocurrencies may want to think twice about those as well. As BlockSci’s whitepaper explains, there are very few cryptocurrencies which have eluded their scrutiny. One of those currencies is Monero, as it provides a degree of anonymity and obfuscation the group has not been able to crack just yet. Monero is officially labeled an “unsupported blockchain due to it not following the one-input one-output paradigm.” That is an interesting point which shows how Monero may be the only cryptocurrency providing full privacy and anonymity right now.

Some people may wonder how Monero is any different from Dash or even ZCash in this regard. While it is true the latter two cryptocurrencies have focused on privacy and anonymity to a degree, their implementations are far from perfect. BlockSci describes how they successfully traced both ZCash and Dash transactions from beginning to end, regardless of features like PrivateSend. This is anything but good news for people who value these currencies for their privacy or anonymity features.

In reality Dash and ZCash user don’t have to worry much. It would be expensive to hire a blockchain analysis consultant to track transactions on these privacy centered blockchains. Just know it can happen.

We still think Dash and ZCash are great. Even if transactions can be traced, it’s still a blockchain asset protected by cryptography. No one can take your crypto assets without your private key.

About Monero:

Dash Hires Security Team To Analyze And Test The Dash Blockchain

by Will Long | Aug 4, 2017 | blog, Dash, News, Video

Dash, the cryptocurrency known for focusing on payments and anonymity, has reached consensus within the Dash community to hire a cyber security team to inspect the Dash blockchain and seek out any possible vulnerabilities.

Dash has choosen to use Bugcrowd. “With a powerful platform and team of experts, Bugcrowd connects organizations to a global crowd of trusted security researchers.”

From Ryan Taylor, Dash Core CEO:

“As Dash gains more mainstream attention, identifying and fixing vulnerabilities is absolutely imperative. Bug bounty programs attract fresh eyes to review code which ensures white-hat hackers help identify any security flaws. Providing strong incentives to attract experienced programmers is one of the many tools we have at our disposal to ensure the Dash codebase is as robust as possible.”

“Our landmark release, Evolution, aims to completely redefine how a digital currency functions and will be available for Alpha testing in December. Providing that optimal user experience requires a massive change to the underlying technology. The more improvements Dash adds to the original Bitcoin code, which Dash is based on, means we will continue to invest heavily in ensuring our product meets the highest standard possible. Because digital currencies store wealth and facilitate the transfer of payments, it is critical that we take all measures possible to make absolutely sure that even minor software bugs are addressed.”

Source: cryptoninjas.net

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EXODUS Bitcoin Wallet Review

by Will Long | Apr 3, 2017 | Bitcoin, blog, Dash, Ethereum, Facts, Wallets

In order to obtain and store digital currency, you will need a wallet. For this post we will focus on a popular desktop wallet application for storing multiple types of cryptocurrency. Here is our EXODUS Bitcoin Wallet Review:

In layman’s term a wallet is simply software program that can communicate with a blockchain. It must have unique addresses to receive and send cryptocurrency (virtual tokens).

The Exodus Wallet Fully supports Bitcoin, Ethereum, Dash, Litecoin, and Dogecoin. It is rumored that they will soon support Factoids, the digital token for Factom (a project that stores digital records on the blockchain).

Exodus is rated quite well on CryptoCompare. It currently has a 4.8 out of 5 rating.

We prefer Exodus because of the beautiful user interface, private key control, and multi asset support.

Built In Exchange

The Exodus wallet leverages the ShapeShift digital currency exchange. It is conveniently built into the wallet.

No longer do you have to risk keeping your funds on an exchange. You can get great exchange rates from within the wallet.

Full Control Of Private Keys

“Exodus encrypts private keys and transaction data locally for your eyes only – no accounts, no servers, no data sharing.”

Additionally you can easily keep your wallet safe and backed up with the Exodus backup wizard.

Exodus Bitcoin Wallet Review Video:

Download & Start Using The Exodus Wallet.

Exodus.io

How Profitable Is Bitcoin Mining in 2017?

by Will Long | Mar 31, 2017 | Bitcoin, Dash, Facts, News

Bitcoin mining is how new bitcoins are made. The official term for mining is called proof of work consensus.

With fiat money like dollars, the government decides when to print the money and who gets it. With Bitcoin there is no central bank or authority. The system is decentralized.

The Bitcoin network rewards miners for approving transactions. A transaction can only be approved once a miner has dedicated enough computational power or effort to the block. Bitcoins are created when a new block is added to the blockchain (public ledger). In this manner the currency has real underlying value as it costs energy in the form of electricity and computer power (running math problems) to be created.

Bitcoin Mining: Go Big Or Go Home

Bitcoin mining was once a thing that could be done by anyone with a little extra computer power. Now economies of scale has taken effect. That is to say that the bigger the mining operation, the more profits gained. This has led to large centralized mining operations.

Miners now prefer locations where energy is cheap. There are huge mining operations in China and Iceland due to cheaper electricity costs. Another factor is heat. Due to the computer power needed to compensate for the exponential rise of computation difficulty, the mining rigs need to be cooled constantly. This leads to mining in locations that are already cold.

Video Resource:

Bitcoin Mining in 2017 : The Rise of Bitcoin Cloud Mining

So how does a regular Joe start mining in 2017? One of the options is to join a cloud mining operation.

A mining pool is an operation where many people get together and combine their mining rigs or hash power (mining power in layman’s terms). This allows them to compete with the large mining companies.

Cloud mining is slightly different in that customers purchase a share in the ongoing mining operation, rather than bring their own equipment.

Mining pools and cloud mining can be profitable. They can also be unprofitable. It depends on the mining difficulty, hashrate, and current price.

Some mining websites are scams, so watch out.

The best way to mine in 2017 is to mine smaller alt coins. There are plenty of other cryptocurrencies that can be mined and have the ability to rise in price significantly. Back in the day you could have mined ridiculous amounts of Bitcoin that would be worth millions today. You can still do that with another budding cryptocurrency.

Other Crypto coins you can mine besides Bitcoin:

Dash
Ether
Monero
Zcash
Litecoin

A Reputable Cloud Mining Company:

Cloud mining is the route many individuals are taking in the mining industry.

Genesis mining now has over 500,000 people on board, making it one of the world’s biggest hashpower providers.

It’s super simple. The mining rigs are already set up and running. As soon as an account is set up, you can start to earn your first coins.

If you have done your research and want to jump in the cloud mining game, Genesis is the way to go.

With Genesis, you can choose your mining allocation at any time. Divert hashing power to Ethereum mining, Dash mining, Zcash mining, and more.

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Now Accepting Dash As Payment! & New Dash Shirts!

by Will Long | Mar 16, 2017 | Dash, New Designs, News

We are now accepting Dash for payment of anything in our online store! Including Bitcoin and Dash shirts!

Our Address:

What is Dash?

How is Dash different than Bitcoin?

Dash is completely anonymous, Bitcoin is not. Due to the code, people can’t do reverse look ups on the Blockchain to track patterns and then track transactions on Dash.

To accomplish anonymity, Dash leverages a built in mixing service that hides the chain of the coin’s transactions.

In Dash, there are special nodes called masternodes that mix the coins.

For a transaction on Dash, the following happens:

The coins leave the sender’s wallet.
The coins then go to a masternode and get mixed up with coins available on the masternode.
The coins that go to the recipient are now different than the original coins sent from the sender.

Dash also has instant transactions. A small fee is paid to the masternode and the transaction completes within seconds, without the need for confirmations. Bitcoin is lacking in this regard. Bitcoin transactions are now taking hours as of 3/15/17.