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Showing posts from January, 2019

How to spot a fake ICO easily.

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

Mining precious metals on the blockchain, right from your comfort zone.

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

How is the price of cryptocurrency determined?

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

What Are Altcoins and Why Do They Matter?

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