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The initial wave of Bitcoin interest came from people who wanted to spend it. That, after all, was what Bitcoin was designed for. The title of Satoshi Nakamoto’s 2008 white paper was “Bitcoin: A Peer-to-Peer Electronic Cash System.” So Satoshi’s goal from day one was for Bitcoin to be a medium of exchange. Fast forward ten…
Read More Bitcoin Cash vs. Litecoin as electronic cash
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Being an Ethereum killer is a trendy thing in the blockchain world currently. What is an Ethereum killer? It’s a public blockchain that aims to be the primary platform for decentralized apps (DApps). While I’d like to say there’s room for more than one blockchain platform for decentralized apps, the reality is it probably is…
Read More EOS: another purported Ethereum killer yet to go live
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Cardano (ADA) is one of several Ethereum challengers currently occupying the top ten of CoinMarketCap. While all blockchain projects are ambitious, Cardano is especially so. It not only wants to displace Ethereum as the primary blockchain developer platform, it wants to do so via a very long, complicated product roadmap that will be rigorously peer reviewed by…
Read More Cardano is a long way from being an Ethereum competitor
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Ever since Ethereum took the blockchain concept that Bitcoin introduced and built an app platform for blockchain, several others have tried to do the same thing. One of the most prominent “Ethereum alternatives” is NEO, an open source Chinese project that hopes to build a “smart economy” using blockchain technology. Like Ethereum, NEO has built…
Read More NEO’s quest to be The One
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There are some wild claims going round about how much ICOs raise. Sometimes it’s difficult to verify if a company actually did raise the amount of money they claimed. Fortunately there is a tool available to examine Ethereum blockchain transactions, which is where most ICOs raise their money. It’s called Etherscan and in this post…
Read More How to use Etherscan to verify ICO claims
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At the Blockchain Connect conference in San Francisco last week, CoinDesk’s Bailey Reutzel made some useful notes from a panel of ICO investors. The following tips from Linda Xie, managing director of crypto hedge fund Scalar Capital, are especially pertinent. She talks about how to weigh up the merits, or otherwise, of a blockchain startup doing an ICO:
Read More Tips for assessing an ICO
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This is the first full week of Blocksplain, so thank you to everyone who has subscribed already or is following on Twitter or Facebook. As I begin this journey in 2018 to make sense of blockchain and cryptocurrency, I want to firstly get to grips with the current batch of leading cryptocurrencies. In this post I’ll…
Read More Legit reasons to use Monero & other privacy coins