Category: Cryptocurrency

  • Monero (XMR): Definition, Mining along with Contrast with Bitcoin

    Monero (XMR): Definition, Mining along with Contrast with Bitcoin

    Monero is a peer-to-peer electronic cash system whose protocol hides sender addresses, recipient addresses in addition to transacted amounts. Every transaction broadcasts to the network conceals the origin, destination next to value by means of ring signatures, stealth addresses, Ring Confidential Transactions. Observers who parse the ledger see only cryptographic proofs – they cannot extract…

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  • Non-Fungible Token (NFT): Definition and Operation

    Non-Fungible Token (NFT): Definition and Operation

    Definition A non fungible token is a cryptographic record on a distributed ledger that links a single identifier to a digital file, physical object, or bundle of legal rights. An NFT originates when software hashes the metadata of an image, audio clip, or three dimensional model. The resulting 64-character string becomes the token’s identity. The…

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  • Is DOGE a Scam, Security, or a Commodity? Who Decides?

    Is DOGE a Scam, Security, or a Commodity? Who Decides?

    Dogecoin began in December 2013 as a satirical fork of Luckycoin, itself a derivative of Litecoin. Software engineers Billy Markus but also Jackson Palmer copied the codebase, replaced the Bitcoin serif “B” with a Shiba Inu meme, and released 100 billion coins within the first eighteen months. The project carried no white paper, no formal…

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  • What Is XRP?

    What Is XRP?

    XRP is a digital asset that serves as the native token of the XRP Ledger, an open source distributed ledger. The ledger and its token target frictionless settlement of cross border payments and multi-currency exchange. Traders also treat XRP as a store of value and as a vehicle for speculative profit. Ripple, a San-Francisco-based software…

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  • Ether (ETH): The Currency That Powers Ethereum Applications

    Ether (ETH): The Currency That Powers Ethereum Applications

    Ethereum denotes the open source protocol that hosts smart contracts, decentralized exchanges, non fungible tokens along with permissionless finance. Ether denotes the native monetary unit of that protocol. The protocol provides the settlement layer – the monetary unit settles the fees. A clear separation between protocol and currency is the first step toward grasping digital…

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