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

24 Mar 2020 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

22 Mar 2020 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

20 Mar 2020 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

2 Mar 2020 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...

What is Nem (XEM)? — 'Ripple in Disguise' — Beginner's Guide

5 Feb 2020 7 minute read comments cryptomagis

NEM is a cryptocurrency developed by a group of members from the Bitcoin Talk forums, lead by "UtopianFuture". Inspired by the NXT currency, the original plan was to fork NXT and create the features/functionality they desired without the need to crea...