Cointelegraph’s Guide To National Altcoins: A Viable Local Alternative?
Although Bitcoin itself has only been around since 2009, the intervening years have seen an explosion of altcoins catering to almost every purpose. While most come and go quickly and cater to a technical niche, another type of altcoin has also emerged, aiming to serve the non-technical consumer as efficiently as possible in everyday life. These are national altcoins (NAs) or national cryptocurrencies (NCs) - cryptocurrency alternatives to fiat ones which seek to provide an alternative to cash, cards and legacy finance. Not to be confused with bank-issued digital currency, which is also....
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More information, and coins. This year has seen a new, if predictable, trend in altcoin development: nation-based digital currencies. There are at least eight coins currently circulating or in development, with more surely to follow. Here is the CoinDesk guide to the main players and their current status. Unlike the world's other altcoins, which seek to either improve on bitcoin technology or merely copy it as part of 'pump and dump' schemes, national cryptocurrencies claim higher purposes, such as establishing sovereignty or building patriotism - or at least using those emotional themes....
Litecoin is the biggest Altcoin. Even if they do not accurately understand how it works, most people are at least somewhat familiar with Bitcoin. However, once they begin to get involved with cryptocurrency, they may be surprised to learn that there are actually hundreds of types of cryptocurrencies known as altcoins. Altcoins are an intriguing facet of the cryptocurrency landscape, but they are not for everyone. Altcoin newcomers often have many questions, and this guide will provide a brief overview of altcoins to help beginners decide whether or not to invest in them as part of their....
Bitcoin is the only proven viable cryptocurrency with a huge infrastructure, market capitalization and established network effects. However the 700 altcoins that exist today also have a purpose — and may even complement bitcoin. Bitcoin has evolved from a ‘joke’ to changing the trajectory of systems in the world of finance. Bitcoin’s debates have also....
P2Pool is a decentralized mining pool that consists of a network of peer-to-peer miner nodes that anyone can mine or expand. This guide will show you how to install the P2Pool software, create your own P2Pool node, and join it to the P2Pool network. We will be using a fork of the original Bitcoin p2pool software, called zen2pool, that has been optimized for scrypt- and progressive-N scrypt-based altcoins. If you would like to install the Bitcoin specific node software, then use forrestv's version (instead of zen2pool) and substitute references to 'zen2pool' with p2pool throughout the rest....
Alternative cryptocurrencies, like Litecoin, Primecoin and PPCoin, have gotten a significant amount of bad press recently. Lead Bitcoin developer Gavin Andresen wrote an article criticizing altcoins as being a way of getting around Bitcoin's 21 million currency supply limit and "getting back to an 'inflate on demand' world" and, more recently, Daniel Krawisz from The Mises Circle wrote a lengthy post entitled "The Problem with Altcoins", raising many other concerns. Krawisz's arguments received a substantial amount of support from the Bitcoin community, showing that there are many Bitcoin....