New Algorithm Manages Bitcoin Price Volatility for Everyday Users
Bitcoin prices are fun, if you like roller coasters. For traders who see volatility as an opportunity to make money and are willing to accept the risks, this is great. However this volatility presents a risk for long-term investors, fund managers and businesses who use digital currency for day-to-day operations. The newly launched algorithm for Bitcoin....
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If experts are right, one of bitcoin's prevailing characteristics could also be its biggest problem - a fixed supply that helps to send prices yo-yoing. They say that cryptocurrencies with flexible supply would help to avoid scaring everyday users away. Even in bitcoin's digital universe, the same basic economic rules apply, with price being determined by supply and demand. Bitcoin's algorithm makes the supply of bitcoins predictable, with a constant stream of bitcoins distributed via block rewards that halve at a preset rate. This leaves demand to fluctuate. Bitcoin's bouncy demand. In....
Firstly, let me start out by saying that we fully support the X11 Algorithm and that we do believe it is the future for many coins out there. Especially considering that Scrypt ASICs have already been spotted in the wild, and that there are new ASICs of an expected 250 MH/s! The X11 Algorithm has its flaws though (cons), but do they outweigh all of the pros? Without further ado, let's take a look at the pros and cons of the X11 Algorithm. Litecoin's supposed X11 Logo. Pros. First Pro of the X11 Algorithm? Security: The algorithm uses eleven hashing functions from the Blake algorithm to the....
The recent levelling out of bitcoin's price volatility might be good news for everyday bitcoin users, but could it send a bunch of exchanges off the cliff? CoinDesk recently spoke to the CEO of a company whose fortune depends on the health of bitcoin exchanges. In the off-record conversation, the exec had something disturbing to say: bitcoin's falling volatility is causing problems for exchanges, which rely on volatility for trading volume. Without trading volume, their revenues will fall, leading to a shakeout in 2015. That's scary stuff, but does it hold up? Let's start with the link....
Noncustodial wallets are more secure than custodial wallets, but it may take time for everyday, non-technical users to get used to them. As crypto ownership becomes more and more common, holders will need to think about how they protect and hold their assets. The safest option is storing cryptocurrency in a personal wallet. Crypto wallets are programs that allow users to store, send and receive cryptocurrency. Each wallet has a private key that allows the wallet to be spent. Private keys are cryptographic strings of code that allow owners to spend the funds inside a wallet, as well as....
The machine learning algorithm at CoinCodex has taken a crack at predicting where the Dogecoin price will land in December. Despite the current uptrend in the crypto market, the algorithm is less than optimistic about the price of DOGE over the next month and the price prediction reflects this. Dogecoin Price At $0.065 The CoinCodex […]