I am one of the few believers of cryptocurrencies and the technology behind it. It is one of the revolutionary innovations of digitalization that’s aimed to facilitate financial transactions over the internet without compromising on security and privacy of its customers. I will be sharing and reposting some of my beginner's guide crypto posts here. Enjoy!
20 Feb 2020 3 minute read 0 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...
12 Feb 2020 5 minute read 15 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...
10 Feb 2020 5 minute read 2 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...
9 Feb 2020 5 minute read 20 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...
6 Feb 2020 5 minute read 3 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...
5 Feb 2020 7 minute read 3 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...
4 Feb 2020 6 minute read 11 comments cryptomagis
Ethereum Classic is – as the name suggests – a clone of the Ethereum cryptocurrency. It was created because of a hard fork on the Ethereum cryptocurrency. If you don’t know what a hard fork is, it’s basically the process by which piece of software is...
6 Jan 2020 5 minute read 3 comments cryptomagis
One of the first cryptocurrencies to come out of China, NEO used to be called Antshares until it rebranded in late 2017. As one of the breakout crypto systems of 2017, many people have been questioning why it’s important and what it’s able to do. And...
3 Jan 2020 5 minute read 12 comments cryptomagis
IOTA was introduced in July 2016 as a cryptocurrency for managing 'Internet of Things' (IoT) devices in a completely decentralized way. The premise behind the coin was to create a system which would be entirely free (unlike Bitcoin which encourages t...
31 Dec 2019 5 minute read 12 comments cryptomagis
Cardano is a cryptocurrency, released in late 2015 to provide a new infrastructure layer for blockchain payments. Rather than being another Bitcoin spin-off, it’s actually got a large foundation behind its development (IOHK – Input Output Hong Kong)....
