Sentences with phrase «creating altcoins»

So why do people keep creating altcoins, anyway?

The result of this debate also created an altcoin called Bitcoin Cash which was created by opposition to the Segwit solution.

So, if anyone can create altcoins or fork the Bitcoin blockchain, what causes them to have any value instead of them falling flat and being ignored?

However, this might not even be necessary, seeing that many exchanges will now only see Bitcoin Unlimited's approach as an attempt to create an altcoin.

Leaving aside more established cryptocurrencies such as litecoin (LTC) and dash (DASH), for instance, what seems to be instrumental for the success of newly - created altcoins is the degree of innovative and disruptive potential demonstrated by the technology they facilitate.

As Jeff Garzik stated in the past on the BTC1 Github repo, «The goal of Segwit2x is to upgrade Bitcoin — to be Bitcoin — not create an altcoin.»

The company that created this altcoin wanted to give it a unique feature that even Bitcoin does not have.

The result of this debate also created an altcoin called Bitcoin Cash, which was created as the opposition to the Segwit solution.

Bcash split from the main Bitcoin blockchain to create an altcoin with 8 - megabyte blocks and no SegWit implementation.

As such, the only reasonable way to make real progress on these challenges is to create an altcoin that implements the proposed solutions.»

Bitcoin Gold hard forked away from the main Bitcoin blockchain to create an altcoin with an altered, ASIC - resistant mining algorithm known as Equihash.

Not exact matches

one token for another — for example, using Ethereum to purchase an altcoin — creates a taxable event.

On January 13, Big Pump Signal announced the pump of the day would be GVT, a four - month - old Russia - based altcoin created by an apparently product-less company called Genesis Vision.

Bitcoin has remained steadily above $ 8,000 and is up 4.4 % on the day, this has created confidence in the altcoins which are also enjoying positive price action this...

A valid, valuable altcoin will often transform the existing rules of Bitcoin to create something unique and productive.

Creates an address for you (similar to the one you saw on the exchange, only the format differs based on the altcoin's technology).

Many of the proposed Bitcoin forks ultimately create just another altcoin with low or no value.

As PC Gamer recently reported, it appears as though the altcoin mining boom had created a global GPU shortage.

Also read: Altcoin Report: Ethereum Classic Embraces the Hard Fork ZCASH The recent launch of Zcash created a trading frenzy on Poloniex the other day, causing the price to reach an impressive $ 2 million per coin.

Our Crypto Index HaasBot allows you to grow your altcoin portfolio like a professional — we've created a YouTube video to help understand this new trade bot.

In April 2011, Namecoin, the first altcoin, was created to form a decentralized DNS to make internet censorship more difficult.

Other similar altcoins Baldur Friggiar Odinsson, an Icelander, created a geographically constrained altcoin called auroracoin and wants it to become the official currency of Iceland.

It also led new companies to join the game, creating new altcoins to attract investors.

Dogecoin, for example, is an altcoin originally created as a joke in 2013.

On top of that, many altcoins can be considered outright scams, mainly created to enrich its inventors and early adopters.

Register or Login on our website and create bitcoin / altcoin payment box.

Some, including a few of the project's supporters, call Bitcoin Cash an «altcoin,» a term that usually denotes a fork of the software that creates a new cryptocurrency, with its own market.

These altcoins serve as the foundation or basic infrastructure from which developers create other applications or tokens.

It's a decentralized mining network and software development platform rolled into one, and it will allow people to create their own altcoins, among other things.

, a now - defunct altcoin generator, Forkgen emphasizes how easy it is to create Bitcoin forks, that — like the thousands of altcoins out there — in the end are of questionable relevance.

A play on Coingen, a now - defunct altcoin generator, Forkgen emphasizes how easy it is to create Bitcoin forks, that — like the thousands of altcoins out there — in the end are of questionable relevance.

Where Coingen was created during the first big altcoin boom of 2013 and 2014 that birthed Bitcoin codebase forks such as Dogecoin, Vertcoin and Viacoin, the recent trend of forkcoins is really the same thing, the Forkgen project seems to suggest.

We're taking a look at how to diversify your cryptocurrency portfolio; why it's important and how some savvy investors in the past few years have created value not by buying bitcoin and sitting on it, but by actively using it and taking advantage of opportunities to buy, hold and trade in altcoins.

Bitcoin's roughly 70 % selloff from the December peak to recent lows has weighed heavily on «altcoins» and especially the newer tokens created via initial coin offerings.

Creating new blocks is handled by Dash miners in a manner that is similar to other altcoins.

What's more, other cryptocurrencies based on offshoots of its source code have sprung up to create an entire ecosystem of «altcoins.»

He also added that the NAV spread is not accurate as it does not have any role to play in determining the value of airdropped coins from bitcoin gold and bitcoin cash or altcoins created as a resultant of Bitcoin hard forks.

After BIP 91 was locked in, a group of developers, miners and users suddenly announced that an altcoin known as Bitcoin Cash (or BCH *) will be created, a fork from the current Bitcoin branch and it will (among other things) not support Segwit.

Litecoin is an altcoin that was created as a lighter version of Bitcoin.

However, if it is understood that if Bitcoin succeeds there will also be many other altcoins, then Bitcoin's value might only end up between $ 2,000 and $ 200,000 in the case of extreme success — creating a lower «ceiling» on what the price can be and thus narrowing the range within which estimates of Bitcoin's value can take place.

CLAM is an altcoin created back on May 12th, 2014.

«The addition of altcoins such as Litecoin and Ethereum to the exchange creates new opportunity in Nigeria, as the liquidity increases so does the utility, many developers in Nigeria are already working on Ethereum apps,» ICE3X founder Grobler told BitcoinAfrica.io.

One could argue that these sorts of minority forks create uncertainty around the value of a particular cryptoasset, although this is also the case with the creation of new altcoins more generally.

Had it been created, BC would have followed the example of another politician - inspired altcoin, namely the RonPaulCoin (RPC).

Nvidia's graphic processing units (GPUs) are cards used in the computer servers to mine or create new bitcoin and other altcoins that they earn for solving transaction - fueled puzzles and advancing the blockchain.

Bitcoin users took to social media on Wednesday to accuse Coinbase employees of insider trading before the exchange launched new support services for bitcoin cash (BCH), a rising altcoin created through a controversial bitcoin network fork last summer.

LONDON — The founder and CEO of one of China's biggest bitcoin companies says he would not invest in so - called «altcoins,» which are new cryptocurrencies created by companies through «initial coin offerings» (ICOs).

The manufacturer is planning to create its own AI chips and specific mining equipment that mines altcoins like Litecoin.

Banks create the ultimate Bitcoin rival, Bitwala launches a new wallet, and Poloniex de-lists over 20 altcoins.

The news created a lot of FUD within the investor community resulting in Bitcoin and many other altcoins correcting heavily.