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cryptomagis

Cryptocurrency Enthusiasts

Joined October 2019 613 Followers

cryptomagis

What is Augur (REP)? — 'Potentate of Profit' — Beginner's Guide

14 hours ago 5 minute read comments cryptomagis

Augur is a decentralized forecasting tool – designed to create more accurate and a wider scope of identification for any of the potential outcome of any particular event. Released in 2014, the system was developed by Jack Peterson and Joey Krug on to...

What is Qtum (QTUM)? — 'Singapore-Based Ethereum' — Beginner's Guide

4 days ago 5 minute read comments cryptomagis

The QTUM crypto token has grown considerably since its release in early 2017. Like a number of platform crypto systems, QTUM has been designed to give users the ability to create and deploy their own decentralized applications – activated using smart...

What is Golem (GNT)? — 'Distributed Computing Infrastructure' — Beginner's Guide

6 days ago 5 minute read comments cryptomagis

The Golem crypto system is designed to give people the opportunity to decentralize their computing infrastructure. Quite an interesting proposition – the system was designed to turn idle computing resources (CPU/GPU power) to the task of rendering im...

What is Ontology (ONT)? — 'Blockchain to the Masses' — Beginner's Guide

1 week ago 5 minute read comments cryptomagis

One thing is certain in every efficacious family where there are love and progress – it transmits to generations to come. This phenomenon is evident in the sibling relationship between NEO and Ontology. Ontology is the younger brother of NEO. And sin...

What is OmiseGO (OMG)? — 'Banking for Everyone' — Beginner's Guide

3 weeks ago 5 minute read comments cryptomagis

OmiseGo is a venture-backed payments company operating in Thailand, with rapid expansion plans to neighbouring countries across Asia-Pacific. In November 2016, Omise was featured on "Forbes as Fintech Rockstar". The system is designed to provide dece...

What is Dogecoin (DOGE)? — 'Joke Gone Viral' — Beginner's Guide

20 Feb 2020 3 minute read comments cryptomagis

Dogecoin was designed primarily as a joke – off the back of the "Doge" meme that was circulating online several years ago. Due to its relative early release in the crypto cycle (2013) by a programmer called Billy Markus, Dogecoin quickly became popul...

What is Zcash (ZEC)? — 'The ‘Hidden’ Bitcoin…' — Beginner's Guide

12 Feb 2020 5 minute read comments cryptomagis

ZCash is a digital currency that provides a completely anonymous way to access the functionality of Bitcoin. As one of the many Bitcoin clones, its feature set is essentially the same as the #1 crypto system, except for a number of methods through wh...

What is Tether (USDT)? — 'Reserve-Backed Cryptocurrency' — Beginner's Guide

10 Feb 2020 5 minute read comments cryptomagis

The most important thing to appreciate about Tether is that it’s designed to provide a reserve backed cryptocurrency. This is meant to stabilize its price and essentially provide users with as close a one-to-one match against the preferred fiat curre...

What is Bitcoin Cash (BCH)? — 'Bitcoin….. But Not' — Beginner's Guide

9 Feb 2020 5 minute read comments cryptomagis

Before proceeding, the rise (and fall) of Bitcoin Cash perfectly highlights the volatility in the crypto market. Due primarily to the open-source nature of the underlying technology, anyone is able to create and deploy a new cryptocurrency such as Bi...

What is Monero (XMR)? — 'The Hidden One' — Beginner's Guide

6 Feb 2020 5 minute read comments cryptomagis

Monero is a cryptocurrency that is very similar in functionality to Bitcoin. It has grown in popularity primarily due to its focus on privacy & anonymity. Unlike other Bitcoin spin-offs, the work that has gone on with its backend infrastructure, and...