Category Archives: Crytpo Currency

Whitecoin Cryptocurrency

Whitecoin The Story of #Cryptocurrency

I am sure you have heard it being yelled, touted and screamed across social media, troll boxes & forums that Whitecoin is a scam coin, its dead, dump it…

Perhaps it started out that way from the original developers position (something that “we the people” would not have known it was nothing more than a quick hit and run from the dev’s position) however those days are far behind Whitecoin, the community has taken full control, it is a solid community growing stronger and stronger by the minute.

Through the temporary formation of the Whitecoin Foundation for the community, there has been an amazing growth of support for #whitecoin.  Not only have holders of WC banned together, the most amazing aspect is that developers of other alt coins have come to support Whitecoin on a purely volunteer basis, no compensation or expectations thereof.   Most notably tf2honeybadger whom is a dev with Cryptographic Anomoly (CGA) and a moderator at Polonxiex has been instrumental not only in the early hours but the ongoing development of the new #whitecoin wallet has been awesome to watch.    The current dev team now consists of 3 devs working around the clock, with many other supporters checking code, working on test cases and moving the complete rewrite for the Whitecoin wallet.

Whitecoin is changing the cryptocurrency landscape in the way in which coin developers work together, support each other, communicate with exchanges and the community.  The foundation has put in place a communications model of transparency in all its communication be it through forum updates, IRC or social media.  To see for yourself come visit IRC channel #whitecoinfoundation or you can always follow our twitter account.

Crazy development schedules, multi timezone coordination and unprecedented efforts to resolve the most critical issues at hand has been nothing short of spectacular.  The blockchain has been secured and all cryptocurrency exchanges reopened the transferring of Whitecoin.

Miners are moving to Whitecoin’s multipool where they receive payouts in WC which is great however, even more impressive is the unique 3 levels of trade risk through the Chunky trade group.  Excellent program, our hash is pointed there today.

An update on the current wallet fixes/rewrite can be found here.  The dev team is working tirelessly to release the wallet asap however, they will NOT be releasing a wallet without significant testing with all case tests being performed with rigorous testing.  When talking with some of the devs, this was a great lighthearted summary of the testing at hand:

“Wallet is undergoing 5 important tests: being sunk to the bottom of the mariana trench for water and pressure testing, dropped out of an airplane at 60,000 feet for altitude and impact testing, thrown into an active volcano for heat testing, then it will be run over by a semi-truck several times, and then launched into orbit”

Whitecoin is writing history and I for one couldn’t be more pleased to be a part of the community.

Crypto Seo

SEO services for the Cryptocurrency marketplace such as Bitcoin. If you have a website that deals in Cryptocurrencies such as Asic Mining, Exchanges, Bitcoin Gaming, or are creating a new coin, we can increase rankings, traffic and social media.

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Cryptocurrencies Offer Opportunities To Many

As technology advances so does the way people conduct normal everyday business. A few years ago, a new concept known as cryptocurrencies came into being. It represents an innovative way to produce and distribute currency in the world today. This comes with many benefits and a few disadvantages, and here are the basics of the system.

A cryptocurrency is money minted digitally, and you never actually hold this currency in your hand. However, it is not printed nor is it released by a central minting authority, (like most countries mint and release their money). The process was first developed in 2009 when Bitcoin came into being. Since then, the system has spawned other cryptocurrencies.

Bitcoin was developed anonymously and is distributed in an “open source” manner. Like the term “cryptology” which is all about codes and security, cryptocurrency is designed to be transferred in a highly secure manner. It starts with the currency being broadcast to a network or block chain. The bitcoins are received by individuals known as miners.

Miners receive the currency. It is then verified and timestamped. The transactions are placed into a public database (at a constant rate) in groups called block chains. Miners are compensated for their work with payment for their transactions. They may receive payment for bitcoin mining in new bitcoins too. One can also receive bitcoins in exchange for products or services, or currency.

Selling and buying bitcoins can be done through bitcoin exchanges (like stock exchanges). Their values against other currencies are compared. Because it is a decentralized system, values vary significantly from one exchange to another and there is additional risk as an exchange may go out of business without notice.

In the beginning, it was easy to download the software and begin mining. However, difficulty levels have been introduced as things progress, and it becomes harder as more people enter the mining process. In fact, many people are turning to special bitcoin mining hardware to make the process easier and more profitable. This hardware operates in a manner similar to gaming hardware and crypto games.

To make mining even more lucrative, ASIC mining hardware was developed. ASIC stands for application specific integrated circuit. This was a huge step forward in mining technology. Also, a cryptocurrency called Litecoin has been introduced and includes the use of scrypt mining. Scrypt is a secure system that was designed to even the playing field for miners, since ASIC and other tools were developed. In fact, it is specifically designed to make the powerful ASIC mining less effective than it has been. Litecoin is growing significantly, having learned much from the trailblazer bitcoin.

Cryptocurrencies like bitcoin and litecoin are relatively new concepts. However, they offer some very lucrative opportunities for those with the vision and guts to take chances. Make sure that you completely familiarize yourself with these new and innovative systems so you can make an intelligent decision on your best course of action. Perhaps sometimes in the near future, you will be making most of your purchases and getting your paycheck in bitcoins or other cryptocurrencies. Only time will tell.

Crytpo Coins

I love cryptocurrencies and share information, news and updates about it.

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