cryptocurrency

The cryptocurrency market is going through one of its most difficult stages so far. Ethereum and Bitcoin prices keep falling, transaction processing times remain low, mining rewards are falling, and suggested solutions for the issues of scaling and energy inefficiency are still far from implementation. These developments go against the established expectation that the economy is about to undergo a fundamental shift, becoming more decentralized. Blockchain enthusiasts have long hoped to see — and help build — a world where cross-border transactions are instantaneous and free, where individuals can conduct their business without the interference of banks and other authorities, and where deals will not depend on trust between parties. All this should be possible with blockchain — but can these advantages be realized in the light of current problems?. In order to solve the problem of cryptocurrency we create a truly reliable and stable cryptocurrency tha...

Cryptocurrency is essentially digital money traded from one person to another through the use of pseudonyms. There are no intermediaries like banks, no governmental oversight or authority, and no fees. The “crypto” in cryptocurrency refers to the use of cryptography to ensure the security and privacy of every transaction.  New coins are created through a technique called mining. The process requires powerful computers that solve complex math problems. Each problem should take about 10 minutes to solve, and results in the creation of a predetermined number of coins. The total number of coins that can be created is fixed — there’s a limit of 21 million bitcoins that can be created. The number of coins rewarded for solving each problem dwindles as time goes on.  Bitcoin is believed to have been created in 2009 by Satoshi Nakamoto, an enigmatic figure who has so far proven all but impossible to definitively identify. By using cryptography to control the creati...

Society has advanced more in the past several decades than it has in a millennium. Despite all our technological and societal advances, we struggle to overcome some of the same fundamental challenges -global poverty, disease, and the distribution of wealth and power, to name just a few. Crypto-currencies have developed over the last few years, and have grown from a concept to a relatively stable investment for many. With the rise of a small number of big tech companies and governments using technology to watch their citizens, many people now believe technology only centralizes power rather than decentralizes it. There are important counter-trends to this like encryption and cryptocurrency that take power from centralized systems and put it back into people’s hands. Humanity has a long way to go. Before I proceed on this work, let take a look at the video below to know what Beer Money is all about https://youtu.be/qJwiUP2UuFE   INTRODUCTION B...

The cryptocurrency market is going through one of its most difficult stages so far. Ethereum and Bitcoin prices keep falling, transaction processing times remain low, mining rewards are falling, and suggested solutions for the issues of scaling and energy inefficiency are still far from implementation. These developments go against the established expectation that the economy is about to undergo a fundamental shift, becoming more decentralized. Blockchain enthusiasts have long hoped to see — and help build — a world where cross-border transactions are instantaneous and free, where individuals can conduct their business without the interference of banks and other authorities, and where deals will not depend on trust between parties. All this should be possible with blockchain — but can these advantages be realized in the light of current problems? Endchain is a new cryptocurrency that intends to bridge this divide of expectations and reality. ...

Cryptocurrencies is one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher. Only 1% of the world’s population own cryptocurrency. Companies involved with blockchain, the technology behind cryptocurrencies and altcoins are expected to experience significant growth over the coming years. Blockchain technology can solve dozens of previously intractable problems, like digital identities, supply chain integrity, data breaches and many, many more. The use of blockchain technology within society has been exponentially increasing since it was introduced...