May 05,2018 at 02:56 pm
May 02,2018 at 12:02 am
Monero was created as a grassroots movement with no pre-mine and no VC Funding, and launched in April 2014 as a fork of Bytecoin. A fork occurs when an original cryptocurrency is split into two to create another version, which is made possible due to the open source formats prevalent in most cryptocurrency designs. Most forks are formed to address flaws of the parent currency and to create better alternatives.
Monero (XMR) is a cryptocurrency which focuses on being untraceable and private. Its design differs from Bitcoin’s in a few key ways, but it should be understood as a cryptocurrency similar to Bitcoin – it can be used to buy and sell things, and can be exchanged for other coins or tokens.
Monero manages to privilege the details of transactions in such a way that only the actors in the transactions can accurately verify their sending and receipt, while publicly this information is difficult to trace. This is not the case with Bitcoin and other cryptocurrencies, and therefore the difference in the privacy of transacting on the two chains should be understood as the primary value offering of Monero.
Monero supports a mining process where individuals get rewarded for their activities by joining mining pools, or they can mine moneros individually. Monero mining can be performed on a standard computer, and does not need any specific hardware such as the application-specific integrated circuits (ASICs).
Monero does not have a maximum supply (whereas, for instance, Bitcoin has a maximum supply of 21 million and Litecoin has one of 84 million). Instead it has a dis-inflationary emission rate, where after roughly 18.4 million XMR have been generated through mining, a stable inflation rate of .3 XMR per minute will go into effect. This will take place near the end of May, 2022. The reason for the continued emission and lack of maximum supply is to incentivize, in an ongoing way, the proof-of-work security of the Monero blockchain.
Thus, the design differences of Monero can be summarized as following;
It continues rewarding miners securing the blockchain long after the regular supply target is achieved, meaning a continued increase in supply into the future.
It is very difficult to trace and therefore more private.
Its increased privacy has given it utility on darknet markets.
As a cryptocurrency, Monero’s main application lies is in its privacy features.
To miss out on Monero miner's rewards is to not consider the features and future opportunity the blockchain presents. Below is the current ROI which is determined and liable to change, by the market price value of the coin.
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Apr 29,2018 at 10:37 pm
5 Altcoin to mine in 2018
It isn't a gain-saying that money is not limited to bills and credit cards in this century. In fact, some money is truly international -- not owned by any particular government -- and regulated “by the people” instead of a central entity. It also exists wholly on the internet. This type of money is called cryptocurrency.
You may have heard of or even used Bitcoin, but where Bitcoin used to rule, other cryptocurrencies are now being used to charge customers for products and services and make other everyday transactions. As an entrepreneur, it’s important to keep an eye on the most commonly-used cryptocurrencies. Here are profitable 5 you can Mine on Arkonix Mining.
Rather than competing with Bitcoin like many other cryptocurrencies, Ethereumcomplements it; while the Bitcoin blockchain network tracks ownership of its own currency, the Ethereum blockchain runs programming codes for its users’ applications. People use Ethereum to create custom (but trustworthy) crowdfunding platforms, autonomous online organizations and even their owncryptocurrencies. Because these applications are decentralized, they can only be built in the Ethereum network.
Though Ether, the network's money, wasn’t made to be used for everyday payments, anything of value can be traded for products and services; as a result, many developers use it to pay for each other’s help in building applications.
If Bitcoin were gold, Litecoin would be silver. Litecoin works just like its more popular counterpart, but it’s worth a little less -- there are 21 million total Bitcoin in existence and 84 million Litecoin. Litecoin are easier to mine and quicker to move from person to person due to its faster block generation. It is perhaps the least intimidating cryptocurrency for those who are new to exchanging money online: Litecoin’s wallet can be downloaded from the official Litecoin website, and it’s fully encrypted to prevent accidental spending and computer viruses. This is a super simple network for those who need to move smaller amounts of money fast.
Though Dash can be used for transactions between consumers, it was made for shopping. Think of Dash as a replacement for PayPal. Many merchants accept Dash just as they do USD, but the transaction is faster -- you don’t have to wait a day or two to see the payment charge to your account. Like any other cryptocurrency, you can Mine Dash using Arkonix Mining platform and store it in a designated Dash wallet until you’re ready to spend it at a compatible merchant. You may even consider adding your own business to the merchant map
If you want to maximize your confidentiality, this cryptocurrency is for you. Zcash has been dubbed the first “zero-knowledge” cryptocurrency with its ability to “shield” the identities of all senders, recipients and values. Each transaction is fully encrypted, so users can enjoy the advantages of a public blockchain without offering up private information. Many view Zcash as a more confidential version of Bitcoin.
Monero is another excellent cryptocurrency option for those concerned about their privacy. This currency was designed to give individual users full control over their money; with Monero, you are your own bank. Transactions are “selectively transparent,” meaning you decide who can and can’t see where your money is going. Crises faced by banks and governments won’t affect your assets or compromise confidential information. Finally, like many cryptocurrencies, Monero is decentralized and community-built. over thirty developers have directly contributed to Monero so far.
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Apr 28,2018 at 04:57 pm
Apr 23,2018 at 04:46 pm