CRYPTOCLOCK

Poor returns, failed technology, and outright scams are some of the reasons investors are leery of ICOs. 2017 has been a fantastic year for ICOs, and  we’ve covered many of biggest and most exciting releases . ICOs have skyrocketed into mainstream prominence. Each day we see more and more ICOs being  submitted  to our  ICO calendar . The advantages of ICOs are two-fold; the team gets money fast, investors get tokens early. But the dark side reared its head this year too. Poor returns, failed technology, and outright scams are some of the reasons investors are leery of ICOs. Many have called the ICO trend a bubble, and the SEC has been deliberating cracking down . Below are a few cautionary tales. 1. ONECOIN One of the worst ICOs of 2017 was OneCoin, a textbook scam from start to finish. OneCoin was a multi-level marketing Ponzi scheme (think Cutco knives). It’s difficult to give more detail, because there’s no information a token was ever created. The team had little concrete to sh

Next to the well-known ERC20 standard, other standards exist which try to improve the original standard. ERC223 is focused on security seeking to solve an ERC20 critical bug which has caused the loss of millions of dollars. ERC777 focuses on a wider set of transaction event handling functions and mass adoption. You may be all familiar with ERC20 tokens as you probably own a couple, distributed by some kind of token sale. But did you know many more standards exist besides ERC20? Ethereum has a long history of developed standards. To give you a better idea of what ERC means, it stands for “Ethereum Request for Comment”. This is a proposal submitted for discussion and suggestions to the actual standard. The number (like 20) refers to an issue number on code sharing platform Github . First, let’s take a look at the ERC20 standard. ERC20 standard What exactly is the ERC20 standard? The advent of ERC20 tokens revolutionized the cryptocurrency market and opened the door to the plethora o

There have been many fake ICOs over the years. Running an ICO is easy money for scammers because it is so easy to fake it and people still fall for it as of this day. It is becoming harder and harder to spot a fake ICO simply because scammers are getting better at it. The year 2018 just started with a another high profile ICO scam, Benebit ICO. The website benebit.io was taken down but the cache version can still be found in the  web archive . All the things people look for in a legitimate ICO can be found in Benebit. It was so convincing that even reputable ICO review websites like  icobench  gave them a 4.1 out of 5 score, much higher than many legit ICOs. Benebit had a professional website, well written white paper translated into 3 languages, strong team with convincing linked profiles…etc. They could have ran off with more money until someone found the team pic stolen from http://www.thsboys.org.uk/school-information/staff/ . Their hard cap is 22500 Ether (22.5 million USD during

Gold and silver usually are one of a kind belongings there’re rare, at the same time hugely fruit juice. Many people besides include personal importance, although skin a over emotional in addition to ethnical importance placed on these, formulated in addition to promising promotes. The ultra-modern silver current market is usually a snapshot connected with multiplicity in addition to increase. Because beginning 1970s, the actual connected with silver generated each and every year possesses tripled, the volume of silver obtained per year possesses quadrupled in addition to silver promotes include prospered across the world. It truly is a progressive business structure of which works by using blockchain technological know-how to make sure this traceability connected with gold and silver. By using a few techniques, you possibly can approve the main practice, by it is foundation from the mines, towards refinery along with the commercialization towards conclude purchaser. That commercializ

Cryptocurrencies are digital, so theoretically the creators can make the coins whatever price they want!  WRONG . The market price is driven by many factors but is mostly a scorecard  for the attempted measurement of fundamentals. One thing to keep in mind is the market is always wrong but constantly seeking the truth. So, How are the Prices Calculated? Lets use a stock as an example. To keep things simple, the price the stock is determined by supply and demand. But supply and demand have their own determinants. In the case of a stock, how well a company is doing and stands to do in the future increases the value of the company, and, stock being an ownership stake in the company, this increases the value of the stock. As you know, the price of any cryptocurrency fluctuates constantly. The last price a trade was made at for that cryptocurrency is the price that it will be for the next person. There is an order book of bids and asks that people filed for certain amounts and

The word “ altcoin ” is an abbreviation of “Bitcoin alternative,” and thus describes every single cryptocurrency except for Bitcoin. Altcoins are referred to as Bitcoin alternatives because, at least to some extent, most altcoins hope to either replace or improve upon at least one Bitcoin component. There are hundreds of altcoins ( CoinMarketCap  listed 478 at the time this guide was written), and more appear each day. Most altcoins are little more than Bitcoin clones, changing only minor characteristics such as its transactions speed, distribution method, or hashing algorithm. Most of these coins do not survive for very long. One exception is  Litecoin , which was one of the first altcoins. In addition to using a different hashing algorithm than Bitcoin, Litecoin has a much higher number of currency units. For this reason, Litecoin has branded itself as “silver to Bitcoin’s gold.” However, some altcoins innovate by experimenting with useful features Bitcoin does not offer. For examp