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CLOSE UP ON LITECOIN

May 05,2018 at 02:56 pm


Litecoin is a cryptocurrency similar to Bitcoin. It lets you send money to a friend over the internet or buy something from an online retailer that accepts this method of payment. Unlike fiat currencies like the dollar and euro, Litecoin is not managed by any authority like a central bank. It basically cuts out the middleman (banks and other financial institutions), which speeds up transactions, reduces fees, and offers anonymity. Like Bitcoin the cryptocurrency runs on a publicly disclosed blockchain that records each transaction.


Litecoin Mining

One of the most fundamental and technical differences between the two is their mining procedure. Both use Proof-of-work consensus mechanism. Proof-of-work is pretty straightforward to understand.

The miners use their computational power to solve extremely hard cryptographic puzzles. The puzzle solving needs to be extremely hard, if it is simple then miners will keep mining blocks and drain out the entire bitcoin supply.

However, while the puzzle solving part is difficult, checking to see if the solution of the puzzle is correct or not should be simple.

Transaction differences

The main difference is that litecoin can confirm transactions must faster than bitcoin. The implications of that are as follows:

Litecoin can handle a higher volume of transactions thanks to its faster block generation. If bitcoin were to try to match this, it would require significant updates to the code that everyone on the bitcoin network is currently running.

The disadvantage of this higher volume of blocks is that the litecoin blockchain will be proportionately larger than bitcoin's, with more orphaned blocks.

The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.

A merchant who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with bitcoin.

Moreover, influencing your decision on the use of litecoin is predetermined by the availability of its merchant. In recent years the acceptance of Litecoin at stores, business centres and financial entities has 60% growth undeniably. 
Making it one of the Top 4 cryptocurrency in the world. 

Categorically, you can buy to HODL or join the team of investors who generates Litecoin daily with an unbeatable hash rate for weekly huge profit. Read INTRODUCTION TO ARKONIX MINING to start now. 

MONERO - THE BASICS

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. 


Arkoninx mining offers a great deal of extended 15 years contract that will transform the world. so wouldn't you rather Join us ?


5 ALTCOIN TO MINE IN 2018

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.


Ethereum

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.


Litecoin

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.


Dash

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


Zcash

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

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.


To start mining any of this altcoins is just a step away. click INTRODUCTION TO ARKONIX MINING to learn more. 

CRYPTOCURRENCY TERMS AND MEANINGS

Apr 28,2018 at 04:57 pm



New to the Crypto-World or seeking knowledge, Scrolling bitcointalk, arkonix blog or other cryptocurrency related forums on the internet and having no clue about what's going on due to the use of language and terms? Well, here are some of the Cryptocurrencies term you may come across.

General Cryptocurrency Terms

Blockchain 
The classification of technology that Ethereum falls into. Blockchains are distributed ledgers, secured by cryptography. They are essentially public databases that everyone can access and read, but the data can only be updated by the data owners. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide. 

Node 
A computer that possesses a copy of the blockchain and is working to maintain it.

Mining
The process of trying to ‘solve’ the next block. It requires obscene amounts of computer processing power to do effectively, but is rewarded with ether.

Mining rig
A computer especially designed for processing proof-of-work blockchains, like Ethereum. They often consist of multiple high-end graphic processors (GPUs) to maximize their processing power.

Fork 
A situation where a blockchain splits into two separate chains. Forks generally happen in the crypto-world when new ‘governance rules’ are built into the blockchain’s code. 

PoW
Proof-of-work. The current consensus algorithm used by Ethereum.

PoS
Proof-of-stake (not piece of shit). The proposed future consensus algorithm to be used by Ethereum. Instead of mining in its current form, people that own ETH will be able to ‘lock up’ their ether for a short amount of time in order to ‘vote’ and generate network consensus. The plan is that these stakeholders will be rewarded with ETH by doing so.

Sharding
A scaling solution for blockchains. Typically, every node in a blockchain network houses a complete copy of the blockchain. Sharding is a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.

Software wallet
Storage for crypto-currency that exists purely as software files on a computer. Software wallets can be generated for free from a variety of sources. MyEtherWallet (MEW) is one of the popular. (more on MEW below)

Hardware wallet
A device that can securely store crypto-currency. Hardware wallets are often regarded as the most secure way to hold crypto-currency.

Ledger Nano S / Trezor
Two of the most popular hardware wallet models.

Ethereum Specific Terms

Smart contract
Code that is deployed onto the Ethereum blockchain, often directly interacting with how money flows. Not my quote, but: “A normal transaction allows you to send money from A to B. Smart contracts allow you to send money from A to B, on the condition that C happens.”

Solidity
One of the most popular languages that smart contracts can be written in. Has some similarities to Javascript.

Dapp
Decentralized Application. This refers to an application that uses an Ethereum smart contract as it’s back-end code. 

The Flippening
A potential future event wherein Ethereum’s market cap surpasses Bitcoin’s market cap, making Ethereum the most ‘valuable’ crypto-currency. 

Gas
A measurement of how much processing is required by the ethereum network to process a transaction. Simple transactions, like sending ether to another address, typically do not require much gas. More complex transactions, like deploying a smart contract, require more gas.

Gas price
The amount of ether to be spent for each gas unit on a transaction. The initiator of a transaction chooses and pays the gas price of the transaction. Transactions with higher gas prices are prioritized by the network.

MEW
MyEtherWallet. A free site that can generate ethereum software wallets for you.

EEA
Enterprise Ethereum Alliance. A coalition of startups and corporations trying to figure out the best way to use this dang thing.

Vitalik Buterin
One of the primary co-founders of Ethereum (and certainly the most well-known). 

DAO
Decentralized Autonomous Organization. An investor-directed venture capital fund built on the Ethereum network that was hacked in June 2016. The hack stole about a third of the DAO’s funds and led to Ethereum being hard-forked the following month. The DAO is often cited as one of Ethereum’s biggest stumbles thus far.

Trading Related Terms

Exchange 
Websites where you can buy and sell crypto-currencies. Some popular exchanges in North America are: Coinbase

FIAT
Government-issued currency, such as the US dollar.

Whale
Someone that owns absurd amounts of crypto-currency.

Limit order / limit buy / limit sell 
Orders placed by traders to buy or sell a crypto-currency when the price meets a certain amount. They can be thought of as ‘for-sale’ signs. These orders are what are bought and sold against when traders place market orders.

Sell wall / Buy wall
Using a depth chart, traders can see the current limit buy and sell points. The graphical representation on the depth chart looks like walls. A simple purchase or sale on an exchange at the current price. Market buys purchase the cheapest ETH available on the order book, and market sells fill the most expensive buy order on the books.

Margin trading
The act of ‘magnifying’ the intensity of your trades by risking your existing coins. (NOTE: Very risky, only for experienced traders and only on certain exchanges even then)

Going long
A margin trade that profits if the price increases.

Going short
A margin trade that profits if the price decreases.

Bullish
An expectation that price is going to increase.

Bearish
An expectation that price is going to decrease.

ATH
All-Time-High. We’ve gotten a lot of these the past couple months.

Altcoin
Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin)

Tokens
Refers to the ‘currency’ of projects built on the ethereum network that have raised money via issuing their own tokens. ?

ICO
Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether. This is essentially crowdfunding on the ethereum platform.

Shilling / pumping
Someone essentially advertising another crypto-currency. If a coin is promised to cure cancer or be the second coming of Jesus, it’s being shilled.

Stable coin
A crypto-currency with extremely low volatility that can be used to trade against the overall market.

Arbitrage
Taking advantage of a difference in price of the same commodity on two different exchanges. Often mentioned when it comes to comparing ETH prices on Korean exchanges against US exchanges.

FOMO
Fear Of Missing Out. The overwhelming sensation that you need to get on the train when the price of something starts to skyrocket.

FUD
Fear, Uncertainty, and Doubt. Baseless negativity spread intentionally by someone that wants the price of something to drop.

FUDster
Someone that is spreading FUD.

Pump And Dump
The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash.

Bagholder
Someone still holding an altcoin after a pump and dump crash. Can also just refer to someone holding a coin that is sinking in value with few future prospects.

Market Cap
The total value held in a crypto-currency. It is calculated by multiplying the total supply of coins by the current price of an individual unit. This site shows a great run-down of each coin’s market cap.

ROI
Return on Investment. The percentage of how much money has been made compared to an initial investment. (i.e., 100% ROI means someone doubled their money).

TA
Trend Analysis or Technical Analysis. Refers to the process of examining current charts in order to predict which way the market will move next.

MACD
Moving Average Convergence Divergence. A trend indicator that shows the relationship between two moving averages of prices. 

Bollinger Band
A margin around the price of a crypto that helps indicate when a coin is overbought or oversold. 

Memes

Hodl
Long ago, someone on a bitcoin forum got drunk and made a post with this typo in the place of ‘hold’. A meme was born.

Lambo
What we’re all going to buy when we’re rich. Obligatory

This is gentlemen
“This is it, gentlemen”. Used to point out positive things that are currently happening. 

Mooning
In the crypto-world, this does not mean exposing your buttocks. It is referring to a price going up astronomical levels.

ARKONIX MINING - A WORLD FOR THINKERS

Apr 23,2018 at 04:46 pm



In this world, we have a special group of people known as the "THINKERS". The elites do not like THINKERS because they pose a threat to whatever plan they have been working on and the atrocities they plan to unleash on humanity. The only THINKERS they like are the ones they can control to do their bidding. If a THINKER steps out of line, he/she is eliminated immediately.

Have you noticed how programmed our lives are from birth? From the day we were born, we are either being gradually groomed to become slaves to debt slavery system or we have no access at all. The Education system we all get into from the start is a well-designed system/factory to keep us from being THINKERS.
Why ? you may ask. Because THINKERS if given the chance will destroy all the plans of the elites and there is nothing they can do about it.

Everyone is put through an assembly line to become slaves to the debt slavery system. Those of us who show potential to be more than average are tagged and separated from the rest and further brain washed, given scholarships of untold amounts of money to end up serving the elite slave merchants working for the overlords and become more enslaved into the slave system.

For people who work, you spend nothing less than 50 hours a week working and struggling to put food on the table and IT IS AND WILL NEVER BE ENOUGH. This constant struggle prevents us from becoming THINKERS. Some are CONTENT with this system we're all trapped in because they have given in completely to being brain washed and they are OK with constantly being deceived.

The Cryptocurrency mining revolution and most especially ARKONIX is being led by THINKERS and is gradually unleashing other THINKERS back into the world. THINKERS not controlled by the elites are creating more and more THINKERS every day.

Imagine a world where you wake up every day and you do not have to worry about what to eat or where to sleep. Most people argue that a world with no worries will create lazy people. We can CATEGORICALLY and EMPHATICALLY say those people are DEAD WRONG. When you wake up in a world with little to worry about, you suddenly become MORE CREATIVE and you begin to unleash your TRUE NATURE as INTELLIGENT BEINGS.

ARKONIX MINING is on a mission to create EMPOWERED THINKERS that will change the WORLD. 

Join us NOW

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