The EDUCare project became known to Internet users in October 2017. January saw the launch of the first test version of the project. The source code was made available on GITGUB in March. Anyone could familiarize themselves with the concept of the project on the official website, where information about the development of the Chinese company Dayou Technology Lid (strategic partner) was available.

A fast-growing project is a productive blockchain network. It is also a dApps development platform at DBFT. Many experts are confident in the great future of the project and call it one of the most promising currencies in the cryptocurrency market.

It is based on simplified work with the blockchain. In comparison with analogs, we can say that the development of decentralized applications should become easier and more accessible. This will be helped by the innovative language for creating smart contracts AWM. Regardless, EDUCare remains a platform for dApps development. In addition to using the new language, experts propose the introduction of a contract debugging virtual machine. In their opinion, this will increase the efficiency of the platform at times.

As for the peculiarities of EDUCare work, the project has a cross-chain structure. Thanks to this, interaction with other cryptocurrencies will not cause any difficulties for users and developers.

EDUCare has every chance of becoming the most widespread and universal platform for smart contracts. According to representatives, the platform will easily scale, and its fees will be at a level acceptable to most users. This will allow EDUCare to take its place among conventional means of payment, given the fact that the authors originally set themselves the task of organizing direct interaction of the system with other blockchains.

About EDUCare project

EDUCare is a popular project with the unofficial name "Ethereum Killer", the product of which is especially relevant in China. Its cross-chain structure involves the interconnection of blockchains to popularize them in all countries. The creators have implemented a platform for easier and more accessible development of decentralized applications dApps. A new language for AWM was proposed, and smart contract development was simplified by operating a virtual machine. Steps have also been taken to simplify tooling and maximize debugging optimization to improve project reliability.

What problems did the developers face?

Since the fundamental goal was to create electronic money based on Ethereum, it was necessary to conduct a thorough analysis of the cryptocurrency and find all its shortcomings in order to create a new coin that could compete even with a strong market player - Ethereum. During the analysis, the main problems were identified:

development and debugging of dApps - when using Ethereum, difficulties are traced in Solidity smart contracts;
blockchain isolation - so much attention was paid to this technology, they tried to popularize it, despite the fact that the isolation of the chain is still visible.

Analysis and search for solutions

After the analysis and testing of previous mistakes made, a team of specialists took up the elimination of the problems. This process took a long time, but effective solutions were nevertheless found by joint efforts. What is it about:

Application of AWM programming - the implementation of this language has greatly helped in optimizing processes and implementing a local environment for debugging smart contracts. Participants will have access to an API for a local test of smart contracts, as well as for simulating events (after the official launch). Test versions can be written in Python, JavaScript, Java, and AWM itself.
Implementation of a universal platform for the optimal use of smart contracts - the developers initially adhered to the opinion of the cross-chain platform and did not change their position.
The solution to the above problems is not the latest news about this crypt. The developers have preserved the versatility of digital money, so it can be used as a means of payment.

Possibilities of digital money EDUCare

Blockchain technology developed from Bitcoin has been developing rapidly in recent years. Ethereum is a contract development platform and has significantly accelerated the creation of blockchain technology. But the single main chain structure creates some limitations in cross-chain communication. The creators of EDUCare decided to design a new set of open chains, whose mission is to create a world-class blockchain. The new improved infrastructure represents the perfect blockchain ecosystem at the moment.

How EDUCare is created

The EKT blockchain structure is positioned as a high-performance dApps development platform and is represented by a unique set of AWM contracts. This simplifies the setup of smart contracts and allows developers to resort to local debugging through the virtual machine.

EKTs mission is to maintain a single user system. Project members can now change the key pair in the encryption algorithm to improve security. An additional advantage is the multichannel architecture - support for issuing assets that can be freely distributed throughout the network through special electronic wallets. The cross-chaining protocol allows other public chaining assets to be attached to the main one.

Consensus mechanism

This uses a negotiation mechanism called DPoS. The main chain consists of 21 nodes that support the network. The DPoS algorithm includes two categories:

Election Trustees - Principle 21 or more resembles electoral candidates. If the formal community member (the principal) fails or commits bad faith, then he can easily be replaced. Platform users can participate in the election of the principal and decide his fate.
Client Node - DPoS block production system is configured so that after each round, the client server node will forge a block. Unconfirmed transactions on the current network will be packed into blocks, and new fake blocks will be forwarded to other nodes. Each time a new block is added to the main chain, the transaction confirmation number is incremented by 1. The EKT blocking interval is 3 seconds. After 6 confirmations (18 seconds), the transaction can be considered safe.

Buying and storing EDUCare

EDUCare, along with other digital currencies, is a decentralized coin, which indicates the complete absence of any ties with the state. This indicates the circulation of money exclusively on the network and the possibility of quick transfers between any countries without a commission. But in order to enjoy these advantages, you need to become the owner of this non-fiat money.

The EDUCare project provides an opportunity to purchase its tokens (EKT) on cryptocurrency exchanges. The main trading volume is observed on HUobi Global, Bit-Z, BigONE. As of December 2019, the exchange rate fixed at 1 EKT = 0.1 USD. The daily trading volume is $ 4,244,698 and the total capitalization is $ 73,483,890.

It is impossible to participate in the development of the platform, since mining tokens is not available and there is no possibility of receiving them as a reward. This suggests that the only working way to get EKT is to buy on the exchange.

Is EDUCare endless?

Cryptocurrency has nothing to do with fiat money, it is not subject to inflation, since the number of ETK tokens is not infinite. Initially, 1 billion tokens were issued. All coins were not put into circulation at once. They are being introduced gradually, and at the moment only 45% of the total mass is available.

Strengths of EDUCare

The digital currency was created using a cryptographic method. The high security of encryption does not give fraudsters a chance to fake or break it. The main benefits include:

decentralization - that is, the absence of a regulator, this is 100% independent money that no one controls (activity, quantity);
confidentiality - both users and developers can be in a private status. As an example - until today, no one has seen the creator of Bitcoin, and even more so no one knows;
availability - the ability to obtain information about ongoing transactions;
comfort - instant money transfers between any countries;
independence - absolutely all participants in the process are independent of many factors, because the system does not adapt to domestic legislation, rules and regulations, and you will not be deducted taxes from holding digital money. Moreover, everyone has the opportunity to write the source code and create a cryptocurrency on their own.
The main distinguishing feature of this platform is the cross-chain mechanism that supports smart contracts on different blockchains. And for a full-fledged work with the system, a special wallet was created with scanty commissions, which made cryptocurrency a convenient means for making most of the payment transactions.

EDUCare is a great investment tool

Considering the dynamics of the growth and fall of the rate, you can notice the instability that can be traced in the quotes of each cryptocurrency. For example, on June 12, 2019, 1 EKT was traded for 1 cent, and on the 26th of the same month the rate was at the level of 13 cents for 1 EKT. In just two weeks, the currency has risen in price by more than 1200%. Such profits cannot be found in any investment instrument. Strong volatility provokes rapid jumps in price, then their correction. Most traders make money on this. Now the price is quite attractive, so you can get a crypto at a bargain price. All that remains is to wait for the desired course and fix the profit.

Investors are attracted by the fact that the exchange rate is formed depending on market conditions, and not on pressure from the state, regulators and other organizations. Independence gives you a sense of security. And most importantly, the number of tokens issued to the market will not change and will remain at the level of 1 billion. These and many other factors give confidence in their actions and drawing up an approximate action plan for successful investment with subsequent profit.

TOP currencies: where is EDUCare

A large-scale project with a perfect blockchain system and the ability to remotely manage decentralized applications gives its users many advantages.

In the ranking of the top 100 cryptocurrencies in terms of market capitalization, the coin occupies the 57th position. The money supply turnover is more than US $ 101 million. This figure could have been higher. The thing is that the token is known to a greater extent in the PRC. The developers realized that the priority goal is to enter the English-speaking market. This prospect pleases many holders of digital money and pushes them to the idea of stocking up on a certain amount of EKT at the lowest price. We expect the future success of the project, which is facilitated by well-coordinated teamwork, constant development of new directions and improvement of existing ones.

The BitMax Token cryptocurrency project was launched in July 2018. A few months later, the developers held an ICO, which was completed in a few days and made it possible to collect the necessary amount for development. Several large funds have invested in the project.

A roadmap was written from October 2018 to April 2019. The digital asset BitMax Token is registered in the Singapore registry.

A number of personalities can be noted in the team:

George Cao;
Ariel Ling;
Aaron Zhang;
Jason Toliver;
Farid Rahmat;
Diddy Carter.
When creating the BitMax Token cryptocurrency, the team used their experience in the field of technology, finance, and the digital market. Trading tokens in large volumes was not of particular interest, so a coin with completely different powers was created. BitMax tokens allow you to stimulate trading on the exchange and earn on commissions, not lose.

About the BitMax Token project

The BitMax Token cryptocurrency belongs to the Singapore project. It is based on an updated transaction model and a three-level KYC system. To improve security, the following tools are provided: X-Content-Type-Options and Strict-Transport-Security. The main token is BTMX.

There are two more unique features available online - Bunny Card and Turtle Card. Coins are traded on a margin basis. The BTMX token can be used as a service token or operated as a unit of exchange. System operability is ensured by smart contract solutions that provide automatic conversion.

If Bitcoin was created as an analogue of gold, then the BitMax Token cryptocurrency forced users to move to the next stage of development. It has an improved multi-tiered infrastructure. Its development stimulates listing on the exchange of the same name.

BTMX coins find circulation in:

ordinary trade;
reverse mining;
mining transactions.
Depending on which operating mode is chosen, the ways of reward and the status of the system participant are determined. For each transaction, the user can receive a certain amount of BTMX tokens. You can also use cryptocurrency for regular trading by paying a regular commission.

BitMax Token Platform is a set of versatile blockchain tools. The developers took the ERC-20 token as the basis for creating the BTMX token. The cryptocurrency system has a convenient method of mutual settlements between users.

The BitMax Token network is built on several main keys:

collaboration - each user can work with other stakeholders;
participation - there is an opportunity to vote for projects and actively participate in trading;
interaction - a separate reward is provided for the storage of tokens and their distribution;
autonomy - strategic operations with cryptocurrency are carried out on a sustainable basis, which is constantly available.
Within the BitMax Token system, there is a distribution of coins for the use of data (Points Cards). This is a kind of incentive for storing BTMX tokens, which are moderately blocked by the system. For successful transactions with the BitMax Token cryptocurrency, you can receive a decent net income in a different percentage.

The BitMax Token cryptocurrency platform has a good design. Exchange and transfer operations are convenient even for novice traders. Discounts on transactions can be obtained in the range of 35-50%. It is profitable to trade tokens both in short periods of time and in long periods.

BitMax Token cryptocurrency was created as a secure payment method between members. It is a functional utility token on the Ethereum blockchain. The owners of the BTMX coin have no legal rights to it. Investors can look forward to generous dividends from the cryptocurrency exchange, which are paid out based on the amount charged.

BitMax Token features

The BitMax Token cryptocurrency works as an economic incentive. It is an innovative community-driven (exchange) platform. BTMX coins are capable of giving vitality to any business model. There are many options for implementing this cryptocurrency.

BitMax Token cryptocurrency is the key to participating in the ecosystem of the famous exchange. Its tokens can serve as both an economic incentive and an investment vehicle. There are no rights to own these coins, except for convenient and safe use in the system.

A project participant can use the following system capabilities:

VIP membership - for each transaction you can get a discount and open new boundaries for the daily turnover of tokens;
for using the cryptocurrency platform, participants are offered benefits for storing BTMX coins;
the cryptocurrency project is on the list of the best and offers many additional services;
high-tech design - there is support for the API and FIX protocols;
openness of the site is an important criterion that is provided in accordance with business rules;
Convenient trading products - special balance management services are provided, there is a confidential transaction function, margin trading is supported.
The BitMax Token network is distinguished by its multi-platform user support. The platform conquered the Asian market and is confidently moving in a different direction. Anyone can participate in the ecosystem.

The transparency of the cryptocurrency platform is ensured through smart contract solutions. The exchange, where the BTMX coin operates, offers a profitable program of discounts and VIP rates. The structure of commissions is differentiated by categories of users - counterparties with high status receive ultra-low percentages.

You can store BTMX tokens in your account. They constantly go into blocking, from which their user deduces at his own discretion. It is allowed to use coins for practical purposes - to exchange, transfer, trade or accumulate them.

To receive a reward for storing BitMax Token, you need to make sure that it is locked. Urgent access to sealed tokens is provided within 24 hours.

The goal of implementing BitMax Token is a safe and convenient payment method. Cryptocurrency serves as a unit of exchange. In reality, it is not particularly interesting as a monetary equivalent. It is not used to compose securities or make any payments. BTMX virtual coins maintain stability and value within their own ecosystem.

Successfully, the BitMax Token cryptocurrency performs two functions:

participation in VIP-membership (increase in the daily limit, discounts on transactions);
joining exclusive IEO projects that are organized within the framework of the cryptocurrency exchange.
The BitMax exchange has recently entered a new stage of development. It offers strategic partnerships to participants. It is not difficult to receive tokens within the system if you purposefully follow its rules. OTC trading of BitMax Token cryptocurrency is ineffective, therefore it is profitable to store it and enjoy the benefits of mutually beneficial cooperation.

How is BitMax Token created?

BitMax Token cryptocurrency is not mined in the classical way. It operates within the cryptocurrency exchange of the same name, where it is issued to users as a reward for storage. There is no strict binding to a specific consensus algorithm.

The BitMax exchange operates the Trans-Free-Mining technology, which allows you to accumulate coins through a variety of trading operations. This method directly affects the creation and distribution of BTMX tokens.

The security of digital assets is ensured through the use of hot and cold wallets. Each user can independently create and control BTMX tokens in the system. It is worth remembering that there are no rights to the virtual currency BitMax Token.

Is BitMax Token Infinite?

It makes no sense to consider BitMax Token to be infinite. BTMX token is issued by developers to maintain the network. The rating of a digital asset directly depends on the number of interested users.

The limited issue of BTMX coins allows to give stability to a digital asset. Some of the tokens are reserved for reward, while the rest remain in the exchanges circulation.

Strengths of BitMax Token

BitMax Token cryptocurrency opens up wide opportunities for the user. New generation assets are different from traditional altcoins. The more trading operations are carried out with the BTMX token, the more income the user will be able to receive.

The principles of decentralization when creating the BitMax Token cryptocurrency did not fade into the background. It is based on a stabilized mechanism based on blockchain technology. Digital assets are constantly in the circulation of the cryptocurrency exchange, which protects them from inflation and misuse.

The BitMax Token cryptocurrency has the following advantages:

transparency - all operations are carried out at a secure level and are distinguished by the availability of records;
high processing speed - there is no delay in payments, regardless of the time period in which they were made;
sufficient reliability - the use of advanced blockchain technologies ensures ease of maintenance and security of all operations;
independence from third parties - the principles of decentralization allow to exclude the governing body and open freedom for users;
the use of a multi-tier architecture - for the digitization of monetary assets, users can choose a multi-signature, and special technical support is also provided;
support for a high level of confidentiality - transfers within the network are made in encrypted form;
protection from fraudulent influence - the developers have carefully worked out security issues;
convenient payment and settlement methods - BTMX tokens can be stored or exchanged for another cryptocurrency by choosing suitable trading pairs;
the opportunity to participate in the referral program - profitable earnings on exchange commissions (about 10%).
The BitMax Token cryptocurrency is distinguished by special functions that users can use for their own benefit. The owner of BTMX tokens can be either an investor or an ordinary individual.

This cryptocurrency product was launched in order to strengthen the BitMax exchange. The platform is gradually growing and expanding. In the wider blockchain industry, BTMX coins have unique functionality. They are more important as a business investment than as an ordinary monetary asset.

BitMax Token in the TOP currencies

The BitMax Token cryptocurrency is in the top 100. It is distinguished by high capitalization indicators and moderate liquidity. In terms of service quality and security parameters, the digital asset looks attractive.

Many investors have already taken notice of BTMX coins, which are traded at a favorable market rate. You can get a reward for daily use or storage of tokens.

The BTMX token, like other altcoins, is subject to volatility, therefore, when making any transactions, be sure to take into account the current market rate. Unique features and tools make BitMax Token popular. It has a significant lead over similar digital assets.

The recognition of the BitMax Token cryptocurrency is growing day by day. It appeared in the digital space not so long ago, but has already been able to conquer a worthy audience. BTMX tokens can be used as a source of funding or as a subject of a new investor strategy.

BitMax Token is a successful cryptocurrency project. He quickly and confidently gained popularity in a short time. The platform belongs to a new generation product - the values of the blockchain, transparency and reliability are respected.

Bytecoin cryptocurrency was developed on the peer-to-peer network functionality. Official launch date: 04.07.2012. A year later, the platform was rewritten using C ++. As a result, security metrics have been updated, and numerous transactions have improved.

A specialist under the pseudonym amjuarez decided to create a private cryptocurrency. To solve this problem, he did not even use the source code of Bitcoin, but compiled a system from scratch. Several more programmers supported the work on the project. The result of their activity was the digital asset Bytecoin.

The virtual currency hit trading platforms in 2014. The White Paper was announced on 05/31/2015. The roadmap reflected all the improvements and future stages of the development of the crypto project. Smart contracts were used together with the embedded programming language. In 2017, developers realized that the new network lacked openness and integrity. Then users first began to learn about private cryptocurrency.

In the middle of 2018, a network hard fork was launched, which ensures the dynamism of the commission. In the first quarter of 2019, the platform underwent many technical changes, including a wallet audit, unrelated addresses included. Support for hardware wallets started on February 15, 2019.

The Bytecoin cryptocurrency maintained its popularity and liquidity until the global crisis. Under different conditions, the BCN token provides decent competition compared to other crypto projects.

The ranks of the team of creators include:

Mark Brahma - Manager for the Russian-speaking audience;
Eduardo Garcia - designer;
Emil Rokossovsky - oversees the Bytecoin Foundation;
David Inostroza - Financial Sector Consultant;
Jason is a software developer.
The teams goal was to create a stable financial system that will become part of the cryptoeconomy. During the existence of the project, the specialists had a lot of disagreements and the core of the dynamic development of the network was missing. Until some point, the system was not unified, but this did not prevent it from standing out among other altcoins on the market.

For all the years of the existence of the Bytecoin cryptocurrency, developers have been active, publishing reviews and updates. Private coins will remain in demand for a long time - this is confirmed by the audience of interested users. The development team is constantly establishing new partnerships, opening up other horizons for the development of BCN crypto coins.

About Bytecoin project

The Bytecoin cryptocurrency was built on the basis of a decentralized digital platform. The network is developed on the basis of open source code. The developers paid special attention to the security of the ecosystem.

The Bytecoin crypto project has three main goals:

transparency;
self-regulation;
egalitarianism.
Thanks to the decentralized network, cost control and full circulation of virtual currency are ensured. By maintaining an optimal state, the BCN token achieves maximum efficiency. Both specialized and non-specialized PCs are capable of downloading the Bytecoin network protocol.

Plans for the technical and marketing development of Bytecoin are reflected in the roadmap, which can be found in the public domain. Among the multitude of digital startups, the BCN token quickly took its place.

Transactions on the Bytecoin network are closed with one-time ring signatures. All unique addresses are recorded in the blockchain, among which it is difficult to find patterns. Transactions are carried out in real time with a full completion of the operation in 120 seconds. Transaction transparency is ensured by open source code.

The Bytecoin ecosystem allows many challenges. Each new digital asset has the benefits of a private network. Money circulation in BCN tokens can be carried out without the intervention of government bodies and banking institutions.

They choose Bytecoin cryptocurrency for business cooperation and for use in other areas where it is important to maintain security and privacy. The network is based on an open blockchain mechanism, which can be accessed through an Internet connection. To store BCN tokens, a special wallet is used in the form of an online or mobile version.

The volumes of Bytecoin transactions are not limited, so you can carry out trading operations in the required amount per day. The user should be willing to pay commission fees without doubting confidentiality.

Bytecoin features

The Bytecoin cryptocurrency is completely private. The main advantages are the absolute confidentiality of trading operations and the impossibility of tracking. Its system is based on the unique CryptoNote technology, which allows you to create unbound transactions.

The platform has certain features:

ring signature - transactions are secured by an unknown validator and can be directed anywhere;
one-time addresses - each operation is accompanied by a random key and senders address;
moderate emission - the reward for the system block decreases smoothly, without having a sharp impact on the value of the coins;
Proof-of-Work consensus - Based on egalitarian proof of work.
With the Bytecoin cryptocurrency, you can make fast and secure payments around the world. They will be confidential and flexible in use.

There are many benefits to performing Proof-of-Work transactions. We chose skrypt with the hashcash function as a working version - this allows the system to be independent of the memory of computing devices. The convenience of the algorithm lies in its low cost and high performance. The reward in the system is smooth, and not spasmodic like Bitcoin.

Based on private blockchain technology, the Bytecoin network is one of the most popular. It focuses on the privacy of any users information. The platform is focused on multilingual support - this has generated widespread interest among investors and crypto enthusiasts.

In addition to confidentiality, Bytecoin differs in other principles of functioning:

secure storage;
good protective barrier against burglary;
decentralized system;
availability of translations;
no double waste.
Each transaction is based on CryptoNote technology - hides user data and ensures privacy in the ecosystem. Each transaction uses a one-time public key and a separate ring signature. Each user can control the degree of their privacy by agreeing to the use of the Bytecoin digital asset.

How is Bytecoin created?

You can get Bytecoin by mining. Any computing power is suitable for these purposes. Due to the decentralized system, one person can be both a user and a participant in the system.

The mining algorithm is not complicated and is similar to the mechanism for obtaining other crypto coins. The settings are set depending on the parameters of the power used. A video card or processor is suitable for the process.

The Bytecoin cryptocurrency network is characterized by the following features:

the block is formed in 120 seconds;
based on the CryptoNote algorithm;
each token is identified by 8 decimal places;
miners are rewarded according to the formula;
limited number of tokens: 184,470,000,000 BCN.
It is not very profitable to mine Bytecoin, since about 99% of tokens are already in circulation. Cryptocurrency has existed for a relatively long time, and developers have already managed to solve many problems.

Is Bytecoin Infinite?

All transactions with the Bytecoin cryptocurrency are carried out on the Internet. Crypto coin users are wondering if Bytecoin is infinite. The digital asset system is designed in such a way that a certain number of coins are in its circulation.

As a result, Bytecoin is not an endless digital asset. Cryptocurrency has its drawbacks, which exist due to imperfect algorithms. But the system participants can have no doubt about the reliability and confidentiality of BCN crypto coins.

Strengths of Bytecoin

The cryptocurrency uses CryptoNote signatures to protect user data. System data about a digital asset is recorded in the open blockchain ledger. Both the names of the participants in the system and their location remain unknown. Most Bytecoin holders choose cryptocurrency for privacy reasons.

The interest of the BCN coin is also aroused by investors who are aimed at increasing capital. The possibility of safe and confidential storage of assets attracts users with different statuses.

Has a BCN token and other benefits:

instant transfers around the world - there are no restrictions and special conditions for making transactions;
low technical requirements for computers - coins can be mined on video cards with low power;
high profitability - profit from mining is popular, which can be calculated using special resources;
keeping user funds safe - the stability of the system is protected by cryptographic algorithms, so it is not easy to crack the key.
Many technical innovations have been introduced into the Bytecoin cryptocurrency network. This allowed the digital asset to confidently enter the African and Central Asian markets, where BCN coins were appreciated. The token is protected from economic shocks thanks to the built-in deflationary algorithm. There is always a sufficient number of coins in the ecosystem in which hearts can be invested both now and in the future.

All computers show the same efficiency when working with Bytecoin cryptocurrency. The developers claim that BCN tokens are resistant to hacker attacks. Cryptographic scripts are difficult to crack.

The liquidity of BCN tokens increases, and users are rewarded after each new block is formed. This principle excludes impulses of inflation, which means that the exchange rate is stable.

Unlike fiat, Bytecoin is decentralized. It can be generated using any computing power. The life of the platform is supported by modern blockchain technology.

The digital asset Bytecoin differs not only from real money, but also from other altcoins. The efficiency of the network does not require the involvement of a large amount of human and energy resources. The speed of payments without additional fees allows maintaining the system at a consistently high level.

Bytecoin in TOP currencies

The capitalization of Bytecoin is growing, and this allows it to occupy one of the places in the top 100 assets. A private crypto coin is able to compete on a level with Bitcoin and Ethereum. Analysts assess the development potential of the Bytecoin alcoin positively. During its existence, this cryptocurrency has won not only its user base, but also increased the growth of the exchange value.

The BCN token was issued a few years ago and few altcoins are giving way to the market. On trading floors, the coin is of interest and has a good turnover - this adds reliability in its future.

Demonstrates growth prospects for Bytecoin as it is classified as an untraceable cryptocurrency. The platform gained success due to its flexibility and scalability. In a constantly changing economic environment, the BCN token has retained its popularity, having existed in the digital sphere since 2012.

Bytecoin cryptocurrency can be used to pay for goods and Internet services. It does not depend on financial institutions and official structures. For most users, it remains an attractive trading option. To successfully use BCN tokens, you need to constantly monitor the rate and indicators of capitalization growth.

The original Bitcoin chain split on 10/25/2017, creating a fork that gave rise to the Bitcoin Gold cryptocurrency. One of the features of the new electronic coin was the use of video cards during mining. Other computing power is not used here, so this cryptocurrency is the only one among the bitcoin forks, which is mined exclusively using GPUs. The creators decided that this approach will attract those miners who want to make money on the Equihash algorithm. It has not been previously used in the Bitcoin blockchain, but has already been encountered in Zcash. A feature of this algorithm is optimization for GPU mining.

The idea of creating this cryptocurrency was proposed back in June 2017 by J. Liao, who then owned the Lightning ASIC. The main thought when creating a new project was to improve the protocol of the original cryptocurrency through the use of processors that are on the video card. This decision is due to the high speed of the processors. Here miners can independently choose a suitable variant of the block volume that they will mine. By default, the size is set to 1 MB. Electronic coins are promoted by miners and programmers. Driven by J. Liao. The project is also supported by the owner of the Jinse.com website. The developers name remains unknown. It is only clear that a programmer with the nickname H4x3rotab is doing this.

The main differences in the cryptocurrency code relate to the algorithm, but this is not the only difference that can be found here. There is ASIC resistance here. Thus, it helps to avoid one of the main problems of Bitcoins, which is that the currency is accumulated in a certain group of miners with high power. Using its own algorithm allows you to compete with Ethereum. Bitcoin Gold has changed the algorithm that is responsible for adjusting the difficulty. The "interference" characteristic changes once every 14 days. She is responsible for creating obstacles for miners while solving problems. This is necessary in order for the rate of block mining to remain constant. The developers estimate that this time should be 10 minutes. Changes to the jamming settings are also planned. In the future, it is planned to replace them with a correction of the degree of complexity, which will be relevant for each block.

When this cryptocurrency appeared on the market, its rate was $ 480 and continued to grow. During this period, it has become an excellent investment tool. After some time, the rate was $ 540 per coin. Further, like many other cryptocurrencies, the rate began to decline. After listing, it was $ 123. Despite the significant decline in the rate of the cryptocurrency, it has a significant capitalization. In 2017, market competition became quite high, which led to serious difficulties for Bitcoin Gold. This project turned out to have a weak technical base, which did not allow it to withstand competition with newer coins. In particular, the emergence of Zcash has distracted the main target audience.

Changes in this area took place in the spring of 2019. Then the developers showed a roadmap. This led to an increase in the rate. J. Liao said that technologies such as Plasma and Lightning will be added to the project, after which many people paid attention to this project. According to analysts, the further fate of the project should be positive, as there is a general activation of the market and the technical base is changing.

Bitcoin Gold features

In 2017, many projects began to struggle with ASIC mining. Bitcoin Gold enables miners to mine coins on their own without pooling. The developers tried to minimize the risk that all mining would end up in the hands of a relatively small number of people, which would lead to the centralization of electronic coins. This can also affect the course and other features of the market position. Initially, users and miners perceived Bitcoin Gold with a certain degree of caution, but the rate remained stable. After a while, the developers decided to introduce a new algorithm, more suitable for modern realities. If in standard Bitcoin the main profit came from companies that are engaged in mining, then after the fork, ordinary miners also have the opportunity to receive income.

J. Liao stated that Bitcoin Gold has become a cryptocurrency that is available to every user. Accordingly, the decentralization of this currency is at a significantly higher level than that of Bitcoin. The project provides for such features as:

a dedicated site that will be used for business clients and investors;
the use of the Lightning Network, which will create opportunities for faster system functioning;
easy-to-use wallets (the system supports wallets, which can be in the form of applications for modern gadgets, not just browser versions);
using Plasma, which allows certain circuits to take on a secondary load from the general circuit.

How Bitcoin Gold is created

The main way to create this cryptocurrency is mining. At the moment, this process has not yet become as complex as that of the original Bitcoin. BTG can be mined by almost all interested miners, since the entry threshold is not yet prohibitively high. The main feature is the use of video cards, which also expands the possibilities for mining. The minimum characteristics of a computer that can mine this cryptocurrency should look like this: RAM - 4 GB, video card - 1 GB. The processor is not taken into account here, since it is not involved. The system must have updated drivers. Accordingly, this makes it possible to connect to the mining process even for users with average PC characteristics. Naturally, the higher the characteristics of the technology, the better the income from mining, but not every cryptocurrency nowadays has such an affordable entry threshold as Bitcoin Gold.

Now these coins can be found on many cryptocurrency exchanges, as they are supported by large and small platforms for exchange and trade. Now there are several dozen trading platforms where you can find many pairs for exchange and trading.

Features of cryptocurrency mining are aimed at expanding the audience in order to form the required level of decentralization and independence from certain factors, in particular the influence of large users on the rate of an electronic coin. If a person did not want to spend several thousand dollars on ASIC, then he could very well start mining this cryptocurrency.

Is Bitcoin Gold infinite?

The emission of this cryptocurrency is limited. It is 21 million coins, just like the original Bitcoin. In order to regulate the rate of coin mining and ensure a gradual increase in complexity, thereby maintaining the stability of the course, the creators took several steps. The difficulty of mining becomes higher after each new block appears. This is where re-transaction protection is used. On average, it takes about 10 minutes to generate one block, so when new blocks are mined, when the total power of the miners increases, the difficulty of mining also increases. The developers suggested that the limited emission would have a positive effect on the cryptocurrency rate. Considering the steady increase in difficulty, which leads to high energy costs for obtaining coins, this seems quite logical.

Strengths of Bitcoin Gold

Given the fact that this cryptocurrency appeared on the basis of the original Bitcoin, which has its own certain drawbacks, the developers decided to introduce several fundamental differences that became the main strengths. Among them it is worth noting:

quite simple deposit and withdrawal of funds for users, since wallets are the most convenient and transactions are not burdened with unnecessary difficulties;
high prevalence on various exchanges (it is worth noting that the new currency was quickly picked up by large resources, which greatly contributed to its spread at the initial stages);
high speed of transactions on the network, which distinguishes Bitcoin Gold from other forks (this is due to the lack of high network load);
low commission for transferring funds (here it has not yet been possible to move away from paying commissions, but they are much lower than that of other cryptocurrencies);
ensuring confidentiality, which is due to the use of a special protocol that promotes decentralization (these two factors are interrelated and have always been one of the main principles of the cryptocurrency);
the presence of protection against repeated transactions, for which the SighashForkld protocol is used;
a unique public address for all network users;
exclusion of ASIC devices from the extraction of electronic coins, which became one of the main reasons for the appearance of a new currency on the market;
the use of the new Equihash algorithm, which was then replaced with a more modern and suitable version, which helped to provide a wider audience for the chain;
the ability to participate in the mining of cryptocurrency using standard video cards without purchasing expensive equipment;
protection against "51% attack".
This set of features made it possible to stand out against the background of older cryptocurrencies, but did not ensure long-term preservation of its positions in the market. If at the very beginning of the appearance of the project a significant increase in the rate was noticeable, then after a while it significantly decreased. This was influenced by the emergence of more original and modern cryptocurrencies, which were already built on completely different principles and were more profitable, in the opinion of users and investors.

Bitcoin Gold in TOP currencies

At the moment, the place of Bitcoin Gold in the ranking of cryptocurrencies has significantly decreased in comparison with previous positions, but it is still in the TOP-50, and it has maintained this position for a long time. Bitcoin Gold is currently ranked 49th in the overall global ranking. No large fluctuations in the rate have been noticed in recent months, but the position also depends on the success of other cryptocurrencies, which, when they appear on the market, can occupy high positions. Many investors and users consider cryptocurrency to be a good asset, but not without risks, like any other electronic coin on the crypto market. Experts often refrain from making bold predictions about the future development of the project. The only thing they note is that sharp drops in the rate are not expected if there is no common cryptocurrency market in the crisis. This allows us to assert that a significant change in the ranking is also not expected.

The decline in the rate, which directly affects the position in the TOP, can be explained by several factors. The first is the general collapse of the market, therefore, when comparing the rate not against the US dollar, but in conjunction with other cryptocurrencies, no significant changes are noticeable. This was also influenced by the downturn in the excitement that appeared during the development of tokens, the demonstration of the roadmap and other news. It is worth noting that, for the most part, small investors are interested in the coin, therefore, large transactions are not made, and a shortage of currency is not created in the market. The presence of the prospect of access to this coin for ordinary users allows us to talk about the prospects for further development, but much depends on the characteristics of the market and the actions of larger players. If we manage to maintain decentralization for a long time, then the position in the TOP can rise to a higher level.

The start of work on the project was laid back in 2016. During the first years, technical preparatory work was carried out. They were completed only in 2018. The developers announced the launch of this currency in early spring 2019. At the start of sales, the cost of one electronic coin was within 3 US cents, but the total turnover amounted to more than $ 1,000,000 per day. This was a significant breakthrough among altcoins. By the end of March, electronic coins appeared on the ZB.com exchange, and at that moment the cost of one coin was already 5 cents. During the token sale, the cryptocurrency sold out in a few minutes. After that, its cost increased 2 times more.

A few weeks later, listing on Coinall began. This allowed the VSYS coins to double in value. Many users were waiting for the onset of the correction period. It came, but the price of the coins remained practically unchanged, which is a rarity for this market. The growth dynamics remained almost until the end of spring. Only in May, the increase in the exchange rate stopped at around 12 cents. After some time of calm, the growth continued, and in June the price was 20 cents. It is this course that is the historical maximum. The daily turnover reaches over $ 10 million.

V Systems can be considered one of the most progressive projects using a distributed cloud database for blockchains. This concept has not been used before, which allows us to consider it innovative. The target audience of the project was technical specialists. They get a ready-made base from which to scale and launch products. Also, this framework is suitable for ordinary users who operate a cloud service. For them, V Systems becomes a huge platform where you can conduct transactions at the highest possible speed without paying a large commission. The practical viability of this system was quickly proved. Not every new project in the field of cryptocurrencies manages to achieve such success. The users liked the advantages in the form of the high speed of the money transfer. It is also worth noting the good protection against cyber attacks, which was able to prevent many attempts at the beginning of the projects launch.

At V Systems, the internal functional currency is VSYS. It serves to pay for user transactions, access various applications, and chain launches. The large growth of the cryptocurrency rate, which has been observed several months since its inception, attracted more attention from investors. Moreover, the developer of these tokens is S. King, who is well known in the world of cryptocurrency. He has already been involved in the creation of several successful crypto projects such as XPM and PPC. After King left these projects, they significantly lost their positions, so the new project was potentially interesting to many.

V Systems capabilities

The company initially developed a fundamentally new approach that was supposed to affect the operation of the blockchain. It consisted in using a special cloud base. It allows you to launch and develop blockchain products. In other words, the new electronic coin is backed by a functional platform that serves to conduct fast transactions with minimal fees. Typically, a transaction takes less than 1 second. The system provides users with a high level of security, which plays a very important role when working with finances. The internal currency VSYS is used to pay for all these operations. At the time of launch, the developers brought 5,000,000 coins to the market. Gradually, this amount is reduced artificially so as not to cause inflation.

The main nuance of the project is that the system works according to the SpoS algorithm. Sunny King was one of the people behind this algorithm. He also decided to use it in a new project. System performance has improved significantly due to the fact that stable blocks are formed.

All users who own VSYS coins get the opportunity to participate in the rally. Mitting is the process of forming new blocks. Users are rewarded for their creation. It does not matter how long the user keeps the coins, how many of them and whether he has programming skills.

The availability of VSYS coins to users also opens up other opportunities for them that relate to the development of a new application. Typically, this process takes only a couple of minutes. The platform has several tools, modules and protocols. All this serves to embody what the user intended to implement. The platform also allows the exchange of different blockchains that are not interconnected. For this, special cross-chains have been created within the platform.

The project provides an opportunity for users to move to side chains. Sidechains open the way for a secure fork that does not affect the main chain. The whole set of possibilities provides system participants with much more options for implementing their own ideas.

How V Systems is created

At the moment, you can buy VSYS on many exchanges, since it is a fairly common cryptocurrency supported by both large and small platforms. The main way to create coins is by mining. The user is required to become one of the nodes that produce coins. This lesson is not available to everyone. An original approach to creating many elements was also reflected in the mining of cryptocurrency. To become one of those nodes that get the right to mine coins, you need to have powerful computing equipment. The number of places for nodes is limited. In order for the user to become a new node, he needs to prove that he is more suitable for this place. Thus, it replaces one of the existing nodes. This is suitable mainly for professional miners, thereby preventing ordinary miners from participating in this process.

To receive coins from the rest, there is the possibility of buying tokens and leasing. Leasing is an investment in one of the nodes, thanks to which the user has the opportunity to receive interest from the mined electronic coins. To use this option, you need to create a wallet inside the V Systems system. Next, you need to go to the platform website in a section called Supernode. There will be a Supernode Rank List button. It allows you to choose a suitable supernode. Using the Leasing tab, you can transfer funds that are on the users wallet to the selected option.

Another way to get funds is to give away coins for free. It is used to increase user activity and attract attention. This method is not practiced very often, but for those who do not become a mining node, this is the simplest method. However, one should not place high hopes on him.

The internal electronic coin has a high solvency. This is due to the developed virtual economy, well balanced to operate in this environment. In this way, the creators maintain the interest of both miners and coin holders. When the blockchain is verified, the currency is spent on paying commissions, interest payments, rallies and other things.

Is V Systems Infinite?

The cryptocurrency is actively developing, which provides it with quite high places in the ratings. This creates conditions for the expansion of emissions. It continues now, as it is envisaged within the framework of the overall development of the project. Since the launch of the project, more than 5 billion coins have been issued, but then a gradual reduction in their number is envisaged. It is rather difficult to answer the question of how many coins there are in the system, since the production process here goes on endlessly, but at the same time some of the coins leave the market. Calculations suggest that there are currently about 3.5 billion VSYS, but the exact number is unknown.

Strengths of V Systems

The experience of the developers and the originality of the project to which the cryptocurrency is attached creates the basis for many advantages over others. One of the strengths is the popularity of the developers. Sunny King was a famous person in his industry. Prior to that, he created several successful projects. The attention of users was riveted to what he released next. It is for this reason that V Systems has gained a lot of user confidence from the very beginning of its existence.

The developers also had the support of some of the largest investors. The project involved many specialists who helped create a quality product in the form of a main platform. This contributed to the strengthening of the cryptocurrency in the market.

Most of the top traders are overwhelmingly positive about the new coin. Many users believe that the coin is now undervalued, despite its clear success. According to some experts, after realizing the true value of a new asset, as well as its contribution to the modern digital economy, the value of coins will increase significantly, increasing their global rating. The coin is now widely supported by the largest crypto exchanges. Moreover, quite a few of them announced the possibility of trading even when the cryptocurrency had not yet been introduced to the market.

This project is considered promising. The market is constantly evolving, which requires the use of new reliable technologies. V Systems integrates blockchain, distributed databases, and cloud services. Such a synthesis opens up opportunities for solving many contemporary pressing issues. The whole set of these qualities makes it possible for the project to stand out against the background of other options that exist in this area.

The presence of a potential base for development. In the future, it is possible to expand the system by opening new nodes for mining coins. It is also supposed to create a cloud storage that will distinguish it from other similar services. Technologies must comprehensively support the execution of smart contracts. It is planned to create additional modules, update software. Thus, over time, the system will reach a new level of functioning.

One of the most important benefits is that users get a stable product. Not all crypto projects offer a ready-made option. V Systems managed to provide a viable system, despite the fact that the ambitions of the project were large enough. Experienced users see a lot of work in a project. The practical part for altcoins becomes the key to success, and in this case it is implemented more efficiently than competitors.

Naturally, many things here depend on the main leader, who has previously left his projects. If he leaves, then the project will lose a certain share of the benefits. Practice shows that development largely depends on whether the management will support the system in the future or, when receiving a share of the profit, will start creating new projects. The current state of affairs so far suggests that V Systems is a long-term project and its full potential will be realized in the future.

V Systems place in the TOP

At the moment, VSYS cryptocurrency is ranked 56th in the overall world ranking. The position has been stable in recent months, but in August the positions of the coins were higher. This is influenced by general market trends, as well as the entry of new cryptocurrencies into the market. Experts forecasts for the development are mostly positive.

In the digital money market, the Verge token can be called one of the watchdogs of the global cryptocurrency market. But the coin aroused interest only at the end of last year. More recently, the token underwent a hard fork, which only strengthened its position. The coins capitalization is growing rapidly, despite the fact that the value of the asset cannot be called high. Investors are attracted by the grandiose plans of the project developers.

About the Verge project

The Verge token is an alternative digital coin based on the Bitcoin blockchain and improved network privacy. Every IP-address here is subjected to the most complex encryption, so the cryptographic scheme simply cannot be traced.

The virtual coin was created in 2014. First, the token was named DogeCoinDark. Then a group of unknown developers set a goal: to create an improved version of the bitcoin blockchain. Among the creators of the platform are such pseudonyms: Sunerok, CryptoRekt, Gfranko, as well as about 20 others. It is impossible to say for certain who exactly is the creator of the token. Using GitHub, the founders of the platform establish contacts with other community members, looking for new professionals to help them further improve the network. Thus, an IT specialist who supports the values of the platform, the main among which are absolute confidentiality and security for all Verge users, can become a team member.

It should be noted that the platform differs from others in that no ICO was held to launch it. The creators of the network have forked from Bitcoin. After that, their personal funds were invested in this project, and they themselves mined the first coins.

Already in 2016, the token received its current name Verge (XVG), and the developers announced the main principles of their project:

The emission is limited. A total of 16.5 billion tokens will be issued.
Transactions are completely confidential. Thanks to the use of unique technologies, data encryption is provided, so it will not be possible to track transactions.
High-speed performance. Verge has a throughput of 100 transactions per second.
Coins are easy to mine. Verge is the only digital coin that can be mined using one of five algorithms: Scrypt, X17, Myr-Groestl, Lyra2REv2, and Blake2s.
Transaction fees are either minimal or none at all.
Non-refundable payments. Thanks to this, you can conveniently and safely receive payment for your services without risking that the user will want to return the money.
The ability to exchange coins for fiat money.
Maximum openness. Developers have no funding, and there is no earnings on pre-mining or ICO either. They accept donations from platform users.
Availability and selection of wallets.
To start using Verge, you just need to install the appropriate e-wallet software, no matter which platform you use. The work will be based on blockchain technology.

Today the XVG token is popular and very promising.

You can exchange Verge cryptocurrency for other tokens without resorting to intermediaries thanks to the Atomic Swap product.

When developing and improving their network, the creators took into account the opinions and requirements of users. Therefore, today you can send or receive tokens via Telegram or Twitter, you can pay for services and goods in stores that cooperate with this project.

It should be noted that out of the total number of all coins, 9 billion were immediately issued, the rest was distributed so that 1 billion coins will be issued every year. This eliminates the likelihood of getting a large number of coins at the disposal of certain users.

Project participants have the ability to open Electrum and QT wallets. Each of them has its own set of functions and how to use it. So, the Electrum wallet is suitable for use every day. It is simple and convenient to use, the settings are easy to edit thanks to the open source code. QT wallet is a multi-platform C ++ application. It is advisable to use it when you need to get a wider set of functions.

Today you can buy digital Verge coins on the exchange or earn money by mining. The second option is more suitable if sufficient power is used. But even in this case, the profitability of production will be low. A more efficient solution would be to participate in mining pools for the Verge digital coin.

Verge features

The digital coin is based on the Bitcoin blockchain. The Verge network is free from the disadvantages of the mother platform, thanks to the fact that the developers have implemented modern technologies:

It is a scheme that makes IP addresses private and provides multiple layers of encryption for user messages. This scheme is a system of channels, consisting of many layers, thanks to which the IP addresses of users are hidden. The message is thrown into a network that includes a large number of relay computers, which leads to the IP address of the message being changed several times. Thus, it becomes unrealistic to trace the sender of this message. It is this technology that acts as the standard of this network when making payments by users. I must say that its main drawback, which is the centralization of servers, is minimized by the introduction of I2P technology (Invisible Internet Project).
A system that uses tunnels to make IP addresses invisible, allowing for increased privacy. This technology allows you to hide all information about a network user. It is highly reliable, providing a confidential network on the Internet.
Wraith Protocol. The user gets the ability to quickly switch between registers (private and public) in the coin block chain. This ensures that information on transactions is hidden.
Simple payments are verified, which increases the speed of their execution.
Thus, the Verge digital coin combines the best properties of such cryptocurrencies as Bitcoin, Dogecoin, Dash.

How is Verge created?

The Verge coin mining network uses the PoW consensus to mine digital coins. This platform differs from others in that it makes it possible to use different algorithms for mining cryptocurrency, which is available only in isolated cases (only 4 platforms use such a number of cryptographic algorithms). This allows you to provide a high level of protection against hacker attacks, to make the mining of tokens as accessible as possible for miners who use video cards and processors. Algorithms include:

Using this algorithm, you can mine on a processor, and the most efficient video cards for mining tokens are Nvidia;
Algorithm for mining digital coins for Nvidia video cards;
Scrypt;
The developers of the project customize this algorithm for the needs of the user, it excludes the use of Asic.
The algorithm has as many as 17 different hash functions, the CGminer and CCminer programs are configured for AMD and Nvidia graphics processors.
It takes a maximum of 30 seconds to create one new Verge block. The PoW algorithm is used to confirm the transaction. With each new block, their creation becomes more difficult. It uses the same principles as the Bitcoin network.

To ensure the maximum security of your Verge tokens, you can choose from several hashing algorithms. The choice is made by the user based on his personal preferences. Regardless of this, making money on this cryptocurrency will be as safe as possible.

Mining a coin gives the user a reward of 12 thousand XVG per block. There are no commission payments in the system when various operations are carried out, including the transfer of funds from one account to another.

Absolute confidentiality when using the platform is achieved by the following services:

Tor - software that allows you to create confidential channels;
I2P is a confidential service that runs over the Internet.
As a result, the location and other user data that is sent over the network receive strong tunnel-type encryption.

Verge mining performance will vary depending on which algorithms are used. Using a video card, you can mine a token using algorithms such as Lyra2REv2, X17 and Blake2s, but the efficiency will be low. To improve performance, you need to create mining farms.

Is Verge Infinite?

The issue of Verge coins is limited. A total of 16.555 billion coins were issued, of which 15.172 billion coins were in circulation as of early December 2019.

Strengths of Verge

The main advantages of the Verge project are:

Long history of existence. The project started more than 4 years ago. During this time, many different changes have been made to it, and it continues to improve even now. This is what distinguishes Verge from cryptocurrency market participants who choose an aggressive policy in order to promote their project and earn money as quickly as possible. Verge is a reliable long-term project, where quality comes first.
Solves the problem of transaction confidentiality. The network participants are guaranteed complete confidentiality, which is achieved through the use of a set of algorithms Tor, I2P and Wraith Protocol. These technologies do not allow you to track the ongoing transaction and identify the person who owns the account.
Decentralized network and complete independence. The Verge project is open source and completely independent. Its not even a private company. Personal developer funds and donations are used to promote this platform. Governments and large investors cannot control the Verge platform.
Popularization. To date, more than 80 services that operate in the field of online commerce, services and entertainment have already accepted this coin. Verge is used in many popular cryptocurrency projects. The developers have created optimal conditions for Verge to be comfortable to use not only for ordinary users, but also for large companies. For this, protective wallets and applications for mobile devices have been created.
The plans of the Verge developers are amazing. They want to implement tools to make it possible to use the token in popular social networks and instant messengers, release a wallet, and improve the technical characteristics of the network. The developers also plan to create an official pool and mining software.
High scalability for all types of transactions.
Not subject to inflation. This is achieved with a limited supply of tokens. When their number reaches the maximum amount in circulation, they will not be issued.
The speed of transactions. It takes approximately 5 seconds to complete one transaction.
Even though the Verge coin has been around for a long time, its popularity in the cryptocurrency market is not very high when compared to such leaders as Bitcoin or Ethereum. To make this token more attractive to users, developers need to increase its advantages over competitors.

Verge in TOP currencies

In terms of capitalization at the beginning of December of this year, the Verge cryptocurrency ranks 64th in the TOP-100 digital coins (according to coinmarketcap.com).

Bitcoin Diamond, a digital currency that is a fork of Bitcoin, conquered the cryptocurrency market in November 2017. The essence of the fork is to split the blockchain into two branches with a change in the source code.

On November 24, 2017, a group of developers initiated a bitcoin hard fork, which took place on block 495,866. The only thing known about the creators is that there were three of them, there is practically no specific information. Only two nicknames were revealed to the society - Evey and 007, the third decided to keep the Anonim status.

The hard fork process involves splitting with a change in the weight of one block and its incompatibility with old software. The updated system has become a solution to a large number of problems previously encountered by Internet users. At the same time, the purpose of digital money has remained unchanged - it is still a means of payment, which is traded under the BCD ticker on 28 exchanges, the list of which is supplemented by CEX.com, OKEX.com and other small trading platforms. Lets consider in more detail this project, the principle of its operation, its features and prospects for further development.

About the Bitcoin Diamond project

Bitcoin Diamond operates on the principle of Faster Transactions Lower Fees Segwit Technology, which translates to "faster transactions with low fees." After the fork of the Bitcoin network, a new chain was created at block 495866, which helps in creating blocks using the new OptimizedX13 algorithm.

The project intends to constantly improve and increase the level of protection of confidential data of its clients, while using new functionality built on the basis of BTC. The original blockchain will be the same, and the new forked chain will be additional power and a means to solve old problems. BCDs transaction history was identical to Bitcoin prior to generating a new unique block.

The capital of Bitcoin Diamond is 210,000,000 coins. This figure is the final one, which protects the currency from inflation, which is typical for fiat money. Currently there are 170,000,000 BCD in circulation at a price rate of 10 BCD = 1 BTC. This amount is intended for holders, the rest of the money supply forms a pool for rewards for mining, contests and assistance in improving the ecosystem.

Rivalry with Bitcoin and a way to solve old problems

Many are wondering if this cryptocurrency competes with the original Bitcoin. Definitely not, because the new digital currency is a fork of the chain with updated technology, while maintaining its original qualities.

The active development of Bitcoin leads to the annual appearance of millions of new users. But the problem with scalability and overpriced commissions has not been resolved. What bitcoin holders are unhappy with:

there is a high threshold for entering the system;
transactions are confirmed for a long time.
The new version of Diamond introduced the Lightning Network. It is primarily designed to improve the old version and update the daily use of the BCD.

Lightning Network is a payment protocol that operates on blockchains. It was proposed as a solution to the problem of Bitcoin scaling and the possibility of conducting lightning-fast transactions between participants. Bidirectional payment channels and internal nodes are part of a holistic network. A payment channel is established between the two nodes. Each of them temporarily blocks a certain amount and transmits it through the channel, adding the amounts between the previously blocked nodes.

What are the advantages of the new system:

instant transfer - acceleration of transactions;
block expansion up to 8 MB - storage has been increased and speed has been added for fast block completion;
full control of intra-system processes - secure encryption methods with personal data protection;
minimizing the production of isolated blocks;
increase in trade turnover.
Advanced replay protection technology protects customers from replaying transactions, i.e., simultaneous transfer of BTC and BCD. The operation of two different blockchains and special innovations prevented this possibility.

Safety comes first! Unique encryption methods restrict access to any personal information or transaction details. The new BIP-44 standard means creating an individual key for the owner for each wallet, and he is already a tool for generating other keys for transactions. To ensure confidentiality and security, a double-write blocking system was implemented.

Bitcoin Diamond features

Bitcoin Diamond cryptocurrency has many advantages over all money, including over the most popular cryptocurrency, which is also not without its drawbacks. In 2 years, a large-scale work has been done: generating blocks 5 times faster than BTC, transactions with a minimum commission, huge capitalization and an incredible debut on exchanges. And this is just the beginning.

Today BCD can be compared to any currency, and the comparison will almost always not be in favor of the competitor. The main task of the coin is to win the competition with more convenient functionality and favorable conditions and become the best cryptocurrency.

The team working on improving the project has the goal of creating the most profitable and secure solution for making financial transactions. Many people pay attention to confidentiality and declare some distrust due to the secrecy of the creators, despite all the successes and achievements. Do not forget the fact that the creator of Bitcoin also did not declare himself.

BCD cryptocurrency: price and total capitalization

As soon as trading began with the coin on the stock exchanges, its value skyrocketed. Quotes soon reached a historic high: 1 BCD = 92 US dollars. From that moment on, the price goes down. February 2018 was remembered by many traders as uptrends. From the next month the quotes were at the level of 2-5 dollars with the minimum amplitude of the price chart.

The popular rating portal Coinmarketcap has previously published a rating list of various cryptocurrencies. The project was officially completed only in March 2018, from that moment the countdown began. As of December 2019, BCDs capitalization is $ 64,752,827, with a trading volume of just over $ 28 million.

The current quotes are at 34 cents, which signals an excellent opportunity to buy currency at a very favorable rate. Considering that large-scale development of the project is planned in the future, such a purchase over a long distance will become a highly profitable investment of available funds.

How is Bitcoin Diamond created?

Many are interested in the question of the possibility of getting cryptocurrency. So, you can become its owner if you:

made a purchase on the exchange;
started mining;
the owner of Bitcoin - all users who were the owners of the currency during its fork received a new one in a 1:10 recalculation - BTC to BCD;
volunteer - receiving an award for participating in the improvement and creation of the ecosystem.
In order to be able to use digital money, you need to acquire a wallet for storing funds and making transactions. Any Bitcoin e-wallet can store BCD on the account, for example:

BitGo;
Bitpie;
ATOKEN;
KCASH;
QoinPro;
mobi.
All of them are actively used, but the majority choose the BitGo and mobi option. Also, funds can be in the account of the exchange wallet. Before that, make sure in advance that Bitcoin Diamond is supported by this exchange (all information is on the official page).

Cryptocurrency mining

Anyone can mine BCD. To do this, you need to use a masternode or pool. The currency itself is designed for GPU mining. The block is generated after 10 minutes, for which the user receives a reward of 125 coins. You can find software on Github - the resource provided the entire list of pools with the possibility of collective mining.

In order to start mining digital money, you need to acquire equipment:

ASIC miners - any model with X13 compatibility;
video cards - powerful devices such as GTX 1080–2080Ti.
Please note that this method is for advanced users. Think carefully before purchasing equipment hoping to make a lot of money. Mining becomes more difficult every year, which increases the costs of miners. Inexperience can only lead to losses. Calculate pre-investment and possible profit. After assessing the profitability over the time period, draw the appropriate conclusions.

Purchase and storage of funds

The easiest way is to use the services of cryptocurrency exchanges to buy BTC. The main trading turnover can be traced on three platforms:

VinDax - 43% market share, ETH and BTC;
BW.com - 21%, USD and BTC;
OKEX - 20%, USDT.
There are many other popular exchanges. But their trading volume in this currency barely reaches the maximum level of 4%.

Is Bitcoin Diamond Infinite?

The tight monetary policy on the part of the developers testifies to no less strict control over the volume of the money supply to ensure a stable price of the cryptoasset in order to reduce the influence of other market factors and nuances.

What does this decision mean? Everything is quite simple: it allows you to exclude the inflationary factor in order to maintain and stabilize the exchange rate. The constant filling of the market with new money supply leads to a constant collapse of the real value of the currency.

Why then did the cost of BCD go down?

The limited amount of money means there is no inflation risk. The price is formed depending on many other factors: supply and demand, intentions and actions of developers, market situation, competitiveness, investment attractiveness, etc.

The market chart clearly demonstrates two opposite periods associated with the BCD price.

The period from 2017 (November) to 2018 (March): rather frequent fluctuations in quotations are characteristic, there is high volatility. The original price with entry to the market was $ 61. Already in the second month, it rose to $ 105 due to the strong excitement. Until December, there was a correction of the exchange rate with an approximate cost of $ 40, in January - $ 30. This was followed by positive news about the intentions to launch the mainnet, the introduction of new software. This provoked a sharp rise in prices and a further pullback, which made it possible for everyone to earn money.

The period from 2018 (April) to 2019 (December) is the opposite effect with a downward trend. The decline in the BCD rate has been observed for more than a year. Until August, the price fluctuated in the region of 1–2 US dollars, but now it is 34 cents.

Strengths of Bitcoin Diamond

The new digital money differs from all existing options in the following characteristic features:

Bitcoin Diamond has an ambitious goal of creating a new currency that is more advanced than Bitcoin itself;
guarantee of confidentiality and confidentiality of data of owners, information in transactions;
optimized encryption algorithm;
mining difficulty check (every 14 days);
instant operations - increased speed by expanding the block weight to 8 MB;
fixed volume - 210 million coins.

TOP currencies: where is Bitcoin Diamond

Every year there is a replenishment of the list of cryptocurrencies ready to compete for their place in the market. A highly competitive environment encourages rapid growth and the development of new projects. The latest reporting with a sample of 100 currencies by market cap suggests the following data regarding Bitcoin Diamond:

place in the rating - 62;
market capitalization - USD 64,421,051;
daily turnover - USD 27,917,045.
Recently, there has been a stabilization of the exchange rate after a long fall. Experts say that this is an indicator of the reliability of an asset. It is also a prerequisite for a possible price increase.

The project leaders intend to loudly announce digital currency in 2020. This fork is technically even better than the original Bitcoin. Yes, it is almost impossible to achieve the original cryptocurrency rate. However, it is quite possible that BCD will soon start adding in price. Only the rate of development of these events is unknown.

The project is a decentralized open source platform that should connect the main chains of the system, whether it is block-based or blockless. This will make it possible to smoothly disseminate information and transfer funds between different cryptocurrency platforms, which are based on different technologies, as well as connect simultaneously to different blockchains. This project was named HyperCash. The digital currency Hcash became the successor of Hshare, which was a temporary platform and did not last long, but showed reliability and advanced technologies, as well as great investment potential.

About the HyperCash project

The Hcash project is a cryptocurrency that is distinguished by distributed registration both in the blockchain and in systems where there is no reference to acyclic charts (DAG).

Since 2015, many blockless distributed accounting systems have begun to emerge. One of them is DAG (Directed Acyclic Graph). Today, a lot of attention is paid to the decentralization of the digital world, therefore it is Bitcoin and Ethereum that are assigned the role of fundamental currencies in the block system. If we talk about the DAG system, then IOTA can become the basis here. It was in order to create a kind of "bridge" between such systems that the idea of developing the project arose.

The Hshare project, which became an element of the structure of the Hcash platform, was implemented by the Australian company CollinStar Capital. This company specializes in asset management, blockchain infrastructure, investing in digital money, and also provides financial services and consulting. Today it can offer a wide range of services related to cryptocurrencies. In addition, the company conducts research, assists in the development of development strategies, analyzes activities and conducts audits. The company is headquartered in Melbourne and has offices in other cities in Australia and China.

A team of renowned specialists is working on the creation of the HyperCash platform. The CEO of the Dallas Brooks project is well versed in the world of commerce, took part in research on various cryptocurrency platforms. Summarizing his experience, he headed the HyperCash project, which is supposed to combine various decentralized accounting systems into a single whole for more efficient work with cryptocurrency.

Khal Achkar is responsible for the technological side of the project. He has vast experience in this area, devotes a lot of time to researching the requirements of the modern cryptocurrency market.

Andrew Vasilevich is responsible for the development of the platform, who took part in similar projects many times, so he has vast experience in this area and effectively uses it in the implementation and development of the HyperCash platform.

The project advisors were:

Jiao Tong Davu Gu, professor of computer science at the University of Shanghai;
Rian Hu, Managing Director of CollinStar Capital;
CEO of Bixin Gang Wu;
senior expert on blockchain platforms Andy G.
cybersecurity expert Joseph Liu.
The developers made a statement that they are working on the creation of a new cryptocurrency, which will be based on a blockless blockchain. This project became a subsidiary of the brand.

The decision to create a temporary currency Hshare prior to the implementation of the main product was made for the following reasons:

test the platform and technologies that will be implemented;
check the activity of users and the relevance of this product;
to raise funds during the ICO for the implementation of the main platform and its development;
build a positive reputation and spread information about the project.
Thus, Hshare is a preparation or a stopgap measure, so the coin cannot be viewed as an independent project. In August 2017, the Hshare project was launched, and in November of the same year, the networks mobile wallet was launched. When the ICO of the project was completed, all investors received Hshare tokens. The developers stated that it will take 10 months to implement the main project, because the volume of work is very large.

In August 2018, the platform was rebranded, as a result of which it became known as HyperCash. After that, the coin holders were able to exchange the existing cryptocurrency assets in the Hshare coin for Hcash tokens at a 1: 1 rate.

The official partner of this project is Shanghai Jao Tong University, which belongs to the C9 University League. Also, the HyperCash platform collaborates with Monash University, which is one of the best technical universities, and the Hong Kong Polytechnic University.

The main investors in the project are Bixin and CollinStar, as well as Bitangel.com, iYES Ventures, REG, Bitmain, Fintech Blockchain Group, etc.

The interest in the HyperCash cryptocurrency is due to the unification of block and blockless systems through a distribution ledger, which will ensure instant transactions, while scaling at a high level.

HyperCash features

The HyperCash digital coin has unique capabilities that no other cryptocurrency that exists today has:

When creating the platform, the hive principle was used, which provides the simplest possible data exchange between the classical blockchain (block system) and the system of directed acyclic graphs DAG (blockless system).
The HyperCash platform has an interactive ZKP protocol that provides two-way encryption. This achieves guaranteed protection with the secrecy of transactions in cryptocurrency.
Project investors can vote in real time, determining how to use the HyperCash cryptocurrency. Due to the independence of the decentralized platform, stable work and future development are ensured.
Quantum resistance. High-security quantum registers use the latest transaction signatures and iterative hashes. After the development of quantum computers, this will make it possible to avoid their undue impact on HyperCash.
Every user of the HyperCash network gets the right to participate in making the most important decisions regarding this cryptographic platform.
Site users have the ability to transfer digital data both between private addresses and between public ones, using their personal wallets or a special interface of a web resource.
You can transfer absolutely any amount. There are no restrictions on the number of transactions.
All this determines the prospects for the development of this project, as well as high-quality interaction between network users.

The use of this platform is associated with the following principles:

A new approach to a decentralized cryptocurrency platform, which will become the basis for the entire blocking system, regardless of whether the chains are blockchain or blockless. This will make it possible to freely transfer funds and information between different blocking systems.
This technology aims to popularize the latest information technologies, which are based on large amounts of information, cloud computing, and the mobile Internet. This makes financial services more efficient.
Internet of Things (IoT). It consists in the fact that physical devices, vehicles, in particular devices "connected" and "smart", buildings, as well as other elements and other objects as part of an electronic system, software, sensors, a network that allows these objects to collect and exchange information between these objects, interact with each other.
Industrial Internet. Large amounts of data, analytic tools, and wireless networks integrate and communicate with equipment, both physical and industrial. Or the use of meta-level networking functionality in distributed systems.
Large dataset. The amount of this information is very large or complex, so conventional software is unable to process it. This makes it unsuitable for solving such tasks related to data: collection, storage, visualization, request, transfer, processing, search, exchange, as well as their updating and confidentiality, which is extremely important in the modern cryptocurrency community.

How is HyperCash created?

The Hcash coin is based on a hybrid consensus mechanism that has combined both PoW and PoS. It is based on a zero-knowledge protocol, a quantum stability key system, an increased level of confidentiality, a high microtransition rate, and a DAO governance structure.

Most of the funds received from the sale of tokens during the ICO were directed to the creation of PoS and PoW.

The advantages of the site include simplified token mining, which is available on video cards and processors.

Corporate pools of this project: ltc.cop, AntPool, 91pool, bw.com, BTCC, BatPool.

Is HyperCash infinite?

The HyperCash cryptocurrency has a limited supply of 81 million coins. Of these, 21 million will go to miners as a reward, and 21 million to reward validators. The number of tokens sold at ICO and distributed for free is also 21 million. Investors who invested their money in the development of the project at the very beginning will receive 12.6 4.2 million tokens will be divided between the developers of the project and will go to the HyperCash fund. The Hcash DAO special fund will also house 4.2 million coins.

Strengths of HyperCash

One of the greatest strengths of the HyperCash cryptocurrency is the use of quantum resistance technology, which greatly enhances the level of security.

Thanks to this technology, the digital coin will be able to resist attacks. It will provide a high level of protection of personal data of users of the HyperCash cryptocurrency platform by using service encryption algorithms.

The operation of the site is carried out according to the principle of a bee hive, which ensures the simplest and fastest possible exchange of data between different cryptocurrency platforms of block and blockless type.

Zero-knowledge proof protocol technology provides high levels of privacy and confidentiality to the HyperCash network. It will not be used for two-way encryption for asset transfers. This technology will be used in other areas where a high level of privacy is required during transactions.

The project provides online communication with the user. This gives support for multi-platform transfer of coins, which allows for a high level of privacy in communications between peer-to-peer users.

The HyperCash platform is collectively owned, so DAO (Autonomous Organization) has been integrated into it. This allows token holders to determine the use of funds through dynamic online voting.

According to the opinion of authoritative experts of the cryptocurrency community, HyperCash holds great promise due to its strengths. To date, the project has just begun its development path.

HyperCash in TOP currencies

In terms of capitalization, at the beginning of December, the NS coin ranks 81st in the TOP-100 cryptocurrencies in the world (according to coinmarketcap.com).

The rapid development of advanced technologies has led to changes in the modern world. Many blockchain-based projects are working to integrate digital money into real life so that it can be used by humans in everyday life. This led to the emergence of the Monaco platform, which allows any user to withdraw digital money from an ATM, turning it into fiat, and pay for purchases using their Visa card. The unique project is today renamed MCO, although the platform and development team remain the same.

About MCO project

ICO is a truly innovative product, not just a cryptocurrency. This is a unique platform that has a huge set of functions for managing money at home.

MCO is a cryptocurrency debit card that contains tokens. Using the card is possible if there are digital coins on the account, in particular Bitcoins, Ethereum, etc., as well as foreign currency.

The development of a project that would allow the use of plastic cards to work with digital money began in 2016. This is a rather difficult task, since linking to bank debit cards is incompatible with the principle of confidentiality in the use of cryptocurrencies.

A team of experienced developers led by businessman Chris Marshalek put forward a proposal to create a combined type of system that would make it possible to use digital and fiat money, and the user would be able to carry out various operations with their assets in real time: store, convert, and withdraw from an ATM.

Long and hard work has resulted in a high-quality and reliable system that:

supports the most famous and popular digital coins and fiat money;
able to automatically convert when specifying the required amount and currency;
opens up the possibility for the use of cryptocurrencies in any country in the world thanks to plastic cards.
In addition, the development team presented an easy-to-use software product for mobile devices that use the iOS and Android operating systems. The user got the opportunity to quickly manage existing assets, replenish them with fiat, control the balance and receive notifications about their expenses.

Initially, the creators used their own funds to implement the project. At the end of 2016, the first version of the application was already created, which immediately interested cryptocurrency enthusiasts. But in order to deploy the ecosystem, the company did not have enough funds, so it was decided to launch an ICO to attract investors money. This was the only way the project could develop.

The relevance of the project is due to the fact that today a person cannot imagine his life without mobile devices that provide a comfortable life. Therefore, this direction, when the user gets the opportunity to easily and comfortably manage their cryptocurrency assets using a smartphone, is promising. This also applies to payment cards. It should also be emphasized that the project team is trying to open its development as much as possible to everyone who is interested.

Before you start working with the MCO platform, you need to download a special application to your mobile device, which can be found on the official website of the project. Here users can find out everything about the platform itself, software features and updates that are expected in the near future. Also on the official resource there is information about all other services of the company.

After downloading and installing the application on your device, you need to register, which will not take much time. To do this, when filling out the fields, you need to indicate only reliable data so that later there will be no problems during operations. You also need to come up with a username and password, and then confirm the registration. After these simple manipulations, the user gains access to the wide functionality of the site.

For transactions and transfers, the network will ask for confirmation by email. Before carrying out transactions, you need to carefully check all the data in order to exclude the risk of sending money to another addressee.

It doesnt take much time to create an electronic wallet and link a card to it. The mobile application has a convenient notification system that allows the user to always monitor the changes taking place. The unique Token Market Escrow system, which is protected by a digital signature, provides the highest level of investment.

The developers have created a multi-currency platform that allows users to store their assets, convert them using a debit plastic card. It should also be emphasized that the level of transaction fees is very low. The exchange of one digital coin to another is carried out without a commission, and you will have to pay only 1% of the exchange amount for the exchange of cryptocurrency for fiat.

The possibility of using debit cards for settlements with digital money and working with them is relevant, therefore this idea found support not only among ordinary users, but also among investors. Therefore, many cryptocurrency market experts believe that this platform has great prospects for development in the future.

Many disputes arose in terms of cooperation of this project with the Visa payment system, which led to a rapid increase in the value of the coin on the market. For a long time, the platform has been cooperating with Wirecard AG, which is the issuer of Visa cards. This is how the reliability of the MES project was checked so that it would comply with the norms and standards of money circulation.

A little later, the developers of the MCO platform made an official confirmation of cooperation with Visa. This led to a lot of hype around the projects debit plastic cards. It is noteworthy that it was the Visa payment system that put forward a proposal to jointly develop a cashback program.

In mid-autumn 2017, the creators of the platform entered into mutually beneficial cooperation with the best manufacturers of plastic cards and the provision of services for KYC and AML:

Gemalto (production of cards for the Visa payment system);
Thomson Reuters World-Check (user verification process, taking into account KYC and AML);
Jumio (provider of identification systems that include user identification in different ways).
But today other projects are also developing plastic cards for digital money, so the competition in this area is very high.

The question is still open regarding the confidentiality of the use of such payment systems. The thing is that when bank transfers are made, you need to enter certain personal data, which will then be easy to track.

In May last year, an open beta release of the mobile application of the MCO platform was held, and an active marketing campaign was launched. In July of the same year, the company was undergoing a large-scale rebranding, after which the project was renamed MCO.

MSO capabilities

The MCO ecosystem includes the following elements:

A unique MCO Wallet application that is available to users of all mobile devices that run on iOS and Android devices. Thanks to the use of this application, you can store not only the most popular digital, but also fiat money. The program also makes it possible to convert them online.
Real and virtual Visa card, which is tied to the platform application. So users get the opportunity to pay for purchases, change one cryptocurrency for another, pay with digital money where Visa debit cards are accepted.
Coin of the MCO platform. By paying with their Visa debit card, each user will receive a cashback in the form of system coins, the size of which is determined by the volume of the transaction.
You can use the coins of the MCO project for the following purposes:

get cards, the conditions of which will be improved, which is very attractive for network users;
getting a 50% more favorable interest rate on loans if tokens act as collateral for such loans;
the opportunity to vote for cryptocurrencies that will be added to the wallet.
In the future, it is expected that it will be possible to organize an airdrop for those users who will have MCO coins.

How is MCO created?

You can get tokens by investing Ethereum. In accordance with the contract, each investor is rewarded as a percentage of the profits that the company receives.

In accordance with the concept of the platform, it will not work to mine tokens, because such an opportunity is not provided. Therefore, there is no point in buying expensive equipment of high power.

You can get coins by performing various operations or buying them on exchanges and trading platforms without any difficulties, besides, the price of this cryptocurrency is low. Today many cryptocurrency exchanges support the token. Among them: OKEx, Binance, Bit-Z, OKEx, Bithumb, Huobi, Liqui, HitBTC, Livecoin, YoBit and many others.

To a certain extent, this project is underestimated, so the coin is not popular enough.

Any cryptocurrency wallet that supports ERC-20 coins can be used to store coins.

Is MCO infinite?

The emission of the coin is limited and amounts to 31.59 million. As of the beginning of December 2019, there are 15.79 million tokens in circulation.

Strengths of MCO

The main advantages of the platform include the following:

Own debit card. This makes working with cryptocurrencies supported by the platform as simple as possible. Transactions are processed by Wirecard AG (partner of the VISA system). The card is linked to a private bank account. Confidentiality provides protection against unauthorized access to personal information; there is no protection against official card verification. There are several types of cards, the functionality of which is determined by the number of tokens in the users account.
The fastest possible transactions. The developers of the project made sure that the speed of payments was at the level of the VISA system, which allows using MCO tokens to purchase goods using a debit card, as well as conducting exchange operations on the card. Payments for the purchase of fiat money and various types of cryptocurrencies, which are currently the most popular, are made instantly.
Many digital coins are supported. You can buy Monaco for ETH. Also, your debit card can be used to store BTC and other digital coins. This list of cryptocurrencies will become wider.
Payments in cryptocurrency without commission. All payments using the Monaco Card are commission-free, which is especially attractive not only for token holders, but also for investors. Many do not understand what is then the benefit for the platform itself and how it managed to come to an agreement with the VISA system.
Cashback availability. Prepaid debit cardholders receive 1-2% of their purchases to their card. This is done as compensation for the fact that mining the MCO token is not provided for by the project policy.
High level security. The platform databases securely store all user data. But MCO is not a decentralized network, so users do not have the ability to control their personal data, information about transactions and funds on the companys account.

MCO in TOP currencies

In terms of capitalization at the beginning of December of this year, the MCO digital coin ranks 63rd in the TOP 100 cryptocurrencies in the world (according to coinmarketcap.com).

About Ethereum Classic

Currently, the digital money industry, although it is extremely popular and in demand in the modern world, is still only at the dawn of its existence. Despite the huge variety of different projects and cryptocurrencies, in fact, there are only a few large currencies on the crypto market, which are completely refined and almost perfect. It is in the hands of such giants as Bitcoin and Ethereum that the maximum amount of financial resources is concentrated, which means there are almost limitless opportunities and huge potential for further development.

The invention of digital money itself was an experiment that did not immediately justify itself. The trend towards experiments in the field of cryptocurrency has remained, which is why, on the basis of various projects, new technologies and software are tested, problems and solutions are being sought. It is for this reason that top cryptocurrencies often face difficulties, because they are open source and decentralized. In situations where it is impossible to resolve the dispute about the future fate of the project in simple ways, you have to hard fork the blockchain.

This is exactly the situation that happened in 2016 with Ethereum. Then the DAO venture fund was formed, which in the process of crowdfunding raised $ 168 million. The main goal was to invest the collected funds in new projects that were supposed to work on the basis of smart contracts. However, as a result of a system error, the project was attacked by hackers who managed to steal about $ 60 million. In order to return investors to their assets, the development team decided to deviate from the then current version of the blockchain and hard fork into the Ethereum code. As a result, the system was rolled back to the previous version, and the stolen funds were returned to the owners accounts.

However, not all participants agreed with this decision, many continued to use the original version of the blockchain. This is how the Ethereum Classic project came about. The creators of Ethereum Classic have decided that their project should be based on strict rules:

openness and accessibility for everyone who agrees with the fundamental principles of Ethereum Classic;
using the project to work on decentralized applications based on smart contracts;
supremacy of source code;
any changes are permitted only in order to modernize and improve the network.
Based on the last point, hard forks were carried out in 2016, 2017 and 2018, the main goal of which was to modernize the functionality of the protocol. Thanks to such updates, the development team was able to partially solve the problem of network congestion, add some additional protection methods, increase the level of security, as well as significantly improve the PoW algorithm and form the foundation for the successful development of sidechains.

Currently, many crypto experts and traders believe that Ethereum Classic is a much more promising and more detailed network than its predecessor. The main arguments in favor of this are fixed emission, stability and increased security, versatility and the classic approach to digital currency.

Of course, not everything is so simple, because Ethereum Classic is based on a hacked blockchain, and there are much fewer project developers, which means that the team is not as mobile and active as the Ethereum developers. But it should be said that Ethereum Classic has much more loyal fans who are mostly more experienced in the field of cryptocurrencies, and full user support is a definite plus.

Ethereum Classic features

Ethereum Classic, immediately after its appearance, aroused genuine interest among users, because many believe that this is what a cryptocurrency system should be. Almost immediately after its release on the crypto market, this currency went on sale on the most popular exchanges, including Bitfinex, BTC-e and Kraken. Naturally, when studying Ethereum Classic (assigned ticker on the exchange - ETC), it will have to be compared with the first project - Ethereum (ticker ETH), because it all started with it.

The functioning mechanism of these projects is the same. It consists of launching decentralized applications based on its virtual platform. The areas of use of these digital currencies are also similar. Both ETC and ETH coins can be used to purchase various assets, as well as pay for smart contracts. The main differences between Ethereum Classic and Ethereum lie in the ideology, the approach to the very essence of cryptocurrencies. In order to fully understand the topic, it is necessary to consider the differences between these cryptocurrencies in more detail.

For example, if in Ethereum the blockchain can be changed, if the majority of users agree to this, then in the Ethereum Classic system it is impossible not only to change the blockchain, but also to edit all the data that has already been recorded in the registry.

The mechanism for making decisions within projects is also important. In Ethereum, all important decisions are made by the development company based on the wishes of the platform users. Ethereum Classic is a little less democratic, however, all decisions are made by the developers, coordinating them with the owners of ETC.

The development vector is also important, because the Ethereum platform attracts as many developers as possible. This is due to the fact that, according to the Ethereum management, more users who launch applications are more beneficial for the project. In turn, the Ethereum Classic team does not think so and is trying to form completely secure smart contracts even if this entails a decrease in the number of fans of the ETC cryptocurrency. According to the Ethereum Classic team, application launch security is a top priority.

If we talk about the technical parameters of the two systems, then it should be noted the more powerful throughput of Ethereum Classic (25 transfers per second, Ethereum has only 15), as well as the fact that mining ETC is a much simpler task.

How is Ethereum Classic created?

In order to mine ETC, you need a PC or laptop with a graphics card of sufficient power. This greatly simplifies coin mining, and also makes it much more accessible to ordinary users. The development team took care of ordinary participants and left a list of mining pools through which you can earn coins right on their official website.

The total emission of ETC will be 210 million coins. The development team set the inflation rate at 3 percent per annum, similar to the original Ethereum. However, this will continue only until 2025, after which the extra ETC will be removed from the system. This will help ensure greater stability for the system in the future, as well as protect the project from inflation.

In addition, you can get ETC coins in more standard ways - without using mining. You can simply buy Ethereum Classic or exchange them on one of the cryptocurrency exchanges. This cryptocurrency is traded in tandem with Bitcoin and Ethereum on exchanges such as Binance, Bittrex, OKEx, HitBTC and many others. Finding a suitable exchange is not difficult, because ETC is a popular currency. It is also worth noting that Ethereum Classic cryptocurrency can be purchased for fiat money on exchanges like Yobit or similar ones.

Is Ethereum Classic Infinite?

Unlike the original Ethereum platform, which has unlimited total coins, Ethereum Classic is limited. ETC is an inflationary coin that inflates through block rewards. As mentioned above, such a system will function until 2025, until the total number of coins reaches 210 million. Traditional Ethereum does not have a fixed number of coins, so it is an infinitely inflationary cryptocurrency.

According to the ETC development team, their policy provides the Classic project with greater reliability and stability, thereby guaranteeing users the safety of their contributions. This is due to the fact that the value of coins will not fall due to the constant and endless increase in their number.

Strengths of Ethereum Classic

Ethereum Classic cryptocurrency is a very promising project. If we talk about its strengths, then first of all it is necessary to note the team of experienced developers who are convinced that it is impossible to make changes to the blockchain system and the cryptocurrency code. It is the intransigence in such fundamental issues that provides the project with confidence on the part of ordinary users.

According to the official information from the Ethereum Classic project website, the platform has many different applications that are decentralized. In addition to many similar projects that are already successfully functioning, the development team also announced many other applications that are already being worked on, and they will be released soon. Particularly large and successful projects include Coingame and DappDirect, OriginalMy and Emerald Platform, and many others. In the near future, a dozen more different projects have been announced, which are now in the final stages of development or have already passed into the category of tested prototypes.

Also, the undoubted advantage of the ETS cryptocurrency is that these tokens can be used as means of payment. They can be used to pay for many different goods and services. This digital currency cooperates with platforms such as PayBear, CoinGate, CoinPayments.

It should also be said about other advantages of the Ethereum Classic project, which include:

ample opportunities for various investors;
support for the free development of the blockchain, as well as the tough stance of developers, which attracts many users;
a large fund of depositors and potential investors;
maximum processing speed of all financial transactions.
The Ethereum Classic project has every chance of becoming a digital currency as strong and popular as Ethereum. It is safe to say that ETC will definitely take its rightful place in the world of cryptocurrency over time. Taking into account the fact that Ethereum regularly subjects its project to various experiments, innovations and changes, it is the Ethereum Classic platform that is a fallback airfield for users who have remained faithful to the original version of its blockchain.

Ethereum Classic in TOP currencies

Ethereum Classic is currently in 24th place, according to the CoinMarketCap website. One token costs 3.82 USD. This is not to say that this is a good indicator, because the maximum price for the ETC cryptocurrency was at $ 40. However, over the past year, this token has remained more or less stable, and there have been no sharp and inexplicable jumps in its market value. Now it costs slightly less than usual, but this can be explained by seasonal price reductions.

The market capitalization of Ethereum Classic today is 442,883,050 USD. It must be said that this indicator is very good. The daily trading volume exceeds $ 560 million.

Currently, ETC tokens are not quite suitable for making quick money. However, they are definitely worth keeping in your crypto portfolio, because ETCs are promising and interesting for investors. In the near future, one should not expect sharp jumps in the rate, but the supporters of this cryptocurrency are confident that the demand for this cryptocurrency will still grow.