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What is Monero?, Monero (XMR) review, history, advantages & disadvantages

Monero is a decentralized digital currency, It may be used without any third party, It is in the top-20 popular cryptocurrency in the world, Monero has three specific features which are Ring Signatures, Confidential Addresses & Ring Confidential Transactions, These maintain the privacy of the sender, recipient  & transaction respectively.

Monero

Monero’s unique selling point is that it is completely anonymous, Monero has been used by governments such as North Korea’s to get around international sanctions, so, it is very possible that Monero could be attacked by governments who are less keen on the idea of a completely private means of payment for use by anyone from child pornographers and drug dealers, to international terrorist organizations and human traffickers.

LTC is a cryptocurrency, It has a blockchain, it is not decentralized, no intermediaries, institutions or central firewall are needed for its operation, It uses scrypts in its proof-of-work algorithm, The block is processed every 2.5 minutes with the Litecoin network as compared to Bitcoin which takes 10 minutes, so, it allows faster transaction confirmation as compared to Bitcoin, the Litecoin network produces 84 million litecoins which is 4 times as produced by Bitcoin.

Litecoin

It is a network currency based on "peer-to-peer" technology and an open-source software project under the MIT/X11 license, Litecoin can help users pay to anyone in the world, The creation & transfer of Litecoin are based on an open-source encryption protocol and is not managed by any central agency.

Litecoin is an early spinoff of Bitcoin created by Charlie Lee in 2011, which is almost identical with respect to Bitcoin’s underlying technology, Litecoin can improve Bitcoin, Compared to it, Litecoin has many advantages, Litecoin is not an exception.

The profitability of mining any coin is far from permanent, The amount of profit obtained depends on many factors: equipment capacity, complexity of the system; coin rate, etc, Before proceeding to the mining of any coin, not just Litecoin, you should analyze all the abovementioned factors, The complexity of the system usually grows in direct proportion to the number of miners.

If we talk about the situation with the mining of Litecoin as of mid-2018, then it should be said that there are no big players in the market. This opens up opportunities for private small enterprises to try themselves in this field. However, we want to point out that the rate leaves much to be desired so far.

Ripple is composed of two separate components which are XRP and RippleNet, XRP is a cryptocurrency, RippleNet is a payment network designed for enterprise, It allows banks and other institutions to transfer money and assets across borders more quickly and with lower transaction fees.

Ripple

Ripple is an open-source protocol which is designed to allow fast & cheap transactions, Unlike Bitcoin that was never intended to be a simple payment machine, Ripple will rule all the international transactions worldwide, It has its own currency (XRP) but also allows everybody to use the platform to create their own via RippleNet.

It is recognized as a payment system by the largest banks in the world and goes on an incredible run, growing by 1000% in the last month of the year alone, One does not have to make elaborate plans & know the whole history of trading to invest in the cryptocurrency.

Ethereum is an open-source computing system that aims to democratize the way the internet is run, and the way that global data is stored, by using decentralized applications, Ether is the cryptocurrency designed for the operation of Ethereum and is used to ‘pay’ miners who mine Ether coins that, like other cryptos, are recorded in a decentralized, publicly distributed Blockchain.

ETH transactions

Ethereum is well planned about its reach after four years, So, it is implementing that roadmap rigorously, This is a platform with a clear vision of what it wants to achieve, Ethereum platform is decentralized, so, there is no possible single point of failure.

Bitcoin

It can be used in illegal transactions, It is created as a reward for a process known as mining, It can be exchanged for other currencies, products, and services, it comes with high electricity consumption, price volatility, thefts from exchanges, It can be used as an investment, although many regulatory agencies have issued investor alerts about bitcoin.

What is the difference between the BTC and the BCH?

Bitcoin Cash is gaining on Bitcoin, In August 2017 Bitcoin was split using a process called “Hard Fork”, which created a new version of Bitcoin called Bitcoin Cash, Bitcoin Cash uses the same codebase, but with a Blocksize limit of 8Mb, This increased limit makes a possible performance of around two million transactions processed per day.

Bitcoin Cash’s technology allows for an increase in the number of blocks, Right now it is 8MB and further increases are possible, Bitcoin Cash is more effective as an online currency, You can send, receive & spend BCH tokens than BTC tokens, That makes it a better option for those wanting to pay for goods & services using cryptos, The best way to get Bitcoin Cash is to use an exchange, it’s one of the leading cryptos on the market.

What is Bitcoin Cash?

Bitcoin Cash is an online currency formed out of a dispute between Bitcoin (BTC) developers, Now, that doesn’t mean it’s a poor imitation of the original cryptocurrency, when you really ask the question “what is Bitcoin Cash about”, you’ll see why it’s a strong crypto in its own right.

BCH is for everyone, so, if you’re interested in how to get Bitcoin Cash and why it might be a positive investment, the following guide is for you, These are some of the advantages that you can get when you purchase bitcoins, Bitcoin Cash is an online currency formed out of a dispute between Bitcoin (BTC) developers.

While BCH and BTC share many similarities, they’re also different, Indeed, if when answering the question of what Bitcoin Cash is about, we have to look at where it came from and why.

Pros of Bitcoin Cash

Bitcoin Cash has high efficiency, It is safe against possible replays and wipeouts, It is listed on major Cryptocurrency Exchanges.

Cons of Bitcoin Cash

Investor Faith in BCH is Low, Low Adoption of Bitcoin Cash, One of the main drawbacks that this coin has experienced is being underrated.

Crypto trading is the exchange of cryptocurrencies, such as in Forex, you can buy and sell a cryptocurrency for another, like Bitcoin or altcoin for USD & Euro, This is one way of getting involved in the world of cryptocurrencies without having to mine it, Cryptocurrency is a decentralized digital currency, It is stored in the ‘wallet’, that can take many forms, Bitcoin can be stored in an online or offline electronic wallet.

Cryptocurrencies

Cryptocurrency is a product of the digital society, and just like the digital society, It can run 24/7, You can trade cryptocurrencies at any point in the week, Unlike stocks and commodities, the cryptocurrency market isn’t traded on a regulated exchange. Instead, cryptocurrency can be traded all hours of the day across an increasing number of ‘crypto’ exchanges, such as Binance, Bitfinex or Coinbase Pro.

What are some popular cryptocurrencies?

There are many cryptocurrencies on the market, some better known than others & each with varying degrees of volatility, Bitcoin was the first cryptocurrency, It was launched in 2009 by an individual or group using the pseudonym Satoshi Nakamoto, As Bitcoin grew and angel investors and entrepreneurs like Chris Larsen, Joseph Lubin & the Winklevoss brothers invested heavily in its success, so its price rose dramatically. 

Source: What is Monero?, Monero (XMR) review, history, advantages & dis...

Litecoin vs bitcoin, How Litecoin mining works, Litecoin price, use...

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How does Ripple work?, Ripple (XRP) review, uses, cons & pros

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