Coin burn or burning coins means sending some moments of the original cryptocurrency or some other currency to a public address from which these particular coins can never be spent, because the private keys of such an address are not available. This public address must be available in a blockchain so that anyone can view such a transaction. Coin burn usually has the following goals : To create new tokens or coins (proof-of-burn algorithm); For awarding holders of coins or tokens; To destroy unsold tokens or coins after ICO. So, the proof-of-burn algorithm is a distributed consensus method and an…
Author: BlockchainJournal
Leading European crypto-exchange Bitstamp and South Korean Korbit can become the property of The Walt Disney Company, one of the largest conglomerates of the entertainment industry. It is reported by Bitcoinist, with reference to the Korea Herald. Currently, Disney is one of the main contenders for a 98.6% share of the largest South Korean game maker Nexon. The latter is one of the key assets of the company […]
The senators approved Law No. 608767-7 “On the Safe and Sustainable Work of the Runet”, introduced to the State Duma at the end of 2018 by members of the Federation Council Andrei Klishas and Lyudmila Bokova, as well as deputy Andrei Lugovoy. The document was developed as a response to possible malicious actions from abroad, including cyber attacks and Russia's disconnection from the World Wide Web. The bill was passed by a majority vote : 151 pros, 4 "against" 1 senator abstained. Now the document is waiting for the signature of the president The law provides for the creation within…
The creator of Ethereum, Vitaly Buterin, published on GitHub a proposal on changing the reward scheme to validators after the transition to the second most capitalized cryptocurrency to the Proof-of-Stake consensus mechanism (PoS). According to the formula proposed by Buterin, if PoS-validators, for example, fix 1,000,000 ETH, then the annual yield will be 18.1%. The more assets are fixed for validation, the lower the interest rate. So, […]
Analysts ask themselves: Has the first cryptocurrency struck the “bottom”? Willy Vu, a specialist in technical analysis of the cryptocurrency market, believes that there is at least a 95% probability that Bitcoin has already reached the bottom and will now only go up. He also cited the opinions of other optimistic analysts, including David Puelle, head of Adaptive Capital, who stakes 80% probability – exactly the same as Tuur Demeester, one of the managing partners of Adamant Capital. Is the bottom in, final figures … % probability Bitcoin has bottomed: BULLS @MustStopMurad 75% @kenoshaking 80% @woonomic 95% BEARS @ToneVays 40%…
Ripple as a blockchain startup successfully promotes its cross-border payment solution by entering into numerous partnership agreements with financial heavyweights such as Banco Santander, Western Union and UAE Exchange. However, the company is not the only one in this segment. She will face other well-known and influential players such as JP Morgan Chase (with his JPM coin) and IBM Blockchain World Wire. According to Forbes, IBM has a significant market share in the blockchain industry, since its Hyperledger Fabric is the most frequently used solution on the Forbes Blockchain 50 list. All of the above solutions are focused on financial…
Despite the fact that most transactions are carried out exclusively in the online environment, we cannot avoid live meetings when it is necessary to make a transaction in the offline environment. There is little focus on the subject of hygiene in the area of security and privacy during face-to-face meetings. This will be discussed in this article. Counterparty Check Perhaps the most important point will be to check the counterparty for good faith. If we buy cryptocurrency for fiat money, then the ideal way would be to ask the seller for a link to his account on localbitcoins.net . As…
Bitcoin jumped out of range and reached the highest level of 2019. The price of the first digital coin once again rose to the level of $ 5,632 for the first time since November 2018. The movement was probably caused by technical factors, as there are no fundamental triggers available to explain strong growth. Potentially, a breakthrough above $ 5,500 has forced weak shorts out of the market and triggered new buy orders, creating a strong growth momentum. At the time of writing, BTC / USD has recovered to $ 5,543 due to technical correction after strong growth. Short-term…
The former European minister believes that large purchases of gold by Russia and China may be the first step towards the launch of a joint cryptocurrency . Last year, Russia became the largest buyer of gold, and over the past 10 years, the volume of this precious metal in the reserves of the country increased four times. The volume of purchased gold began to grow sharply after the introduction of Western sanctions in 2014. China pursues the same policy with regard to its reserves, actively buying precious metals. Former European Minister for Portugal Bruno Masas believes that this may be…
A well-known developer from the ETCDEV team, Donald McIntyre, said that the mutual integration of Ethereum Classic with Ethereum would create a truly safe and effective blockchain. He spoke about this in an interview with CryptoGlobe. “ETH can be viewed as a sports car, and ETC as armored. ETH means scaling and performance, and ETC means high cost and security, ”stressed […]