Category: Articles

Cryptopia – A Cryptocurrency Utopia in Puerto Rico?

Throughout 2017, we saw the prices of every cryptocurrency skyrocket. This was largely driven by the mass adoption of virtual currencies and blockchain technology. This has led to the appearance of the so-called Bitcoin millionaires. These early adopters of Bitcoin and other altcoins that managed to turn what, at first, seemed like a fad into massive wealth. The best known case is the Winklevoss twins, who managed to make over $1 billion USD worth of BTC early in December 2017. Of course, before the current market correction started. Nevertheless, they are not alone. Other millionaires and billionaires exist around...

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A guide to ChainLink

One of the many promising features of blockchain technology is its ability to seamlessly verify transactions through consensus. So-called smart contracts allow may transform many industries by replacing traditional legal agreements or centrally automated digital agreements. This consensus on the blockchain means transactions cannot be altered or tampered with once they’re there. However, individual blockchains, cannot communicate with other blockchain protocols. One solution to this is called an oracle, or a service that facilitates communications between blockchains. While these centralized services work, they defeat the purpose. Since oracles are centralized, they’re no more secure than traditional digital agreements. The...

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Changelly vs Shapeshift – An analysis of decentralized exchanges

Cryptocurrency market growth has been huge. Every day new coins emerge, existing projects update, and prices fluctuate wildly. After all, it’s a sensitive market that reacts to the slightest news. Exchanges are essential to the smooth functioning of the market. These platforms have enabled people to join the cryptocurrency scene and allow for the market to grow and thrive. Different names, different platforms Not all exchanges are the same, though. Some allow users to use fiat pairings to buy coins, others only trade in cryptocurrencies. Some keep clients anonymous, while others have strict identification rules. But another very interesting aspect...

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Jaxx cryptocurrency wallet app: review

Wallets are a hot topic in the crypto community. Many consider Trezor and Ledger hardware wallets to be safest. However there are simpler, more mobile solutions which are especially popular among less advanced cryptocurrency enthusiasts. Jaxx wallets provide some benefits where Trezor and Ledger wallets fall short. Simple and efficient Jaxx is a relatively new wallet on the market. From the design side, it looks pretty good. The platform is clear, convenient, intuitive — and free. The development team’s commitment to user experience is immediately apparent. Jaxx is a platform available on several different operating systems (Windows, IOS, Android)....

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ICO report: Medicalchain blockchain healthcare

The world of ICOs is a land of extraordinary discoveries and ideas for blockchain technology. These new, ambitious projects set one goal: to revolutionize the industry by using the latest, decentralized solutions. That’s why DowBit is launching a series of new articles on these innovative and sometimes risky projects. In each article, we’ll investigate a new ICO. ICO in healthcare Our first look is on the UK’s Medicalchain. The ICO’s main task is to create a blockchain-based, uniform, and universal electronic register for health information. Users make their medical data available to physicians or pharmacists in a secure and transparent...

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