Crypto Currency News

Here is a question that comes up often: How do I actually choose which crypto money to purchase - aren't they all the same?

Presently there is no doubt that Bitcoin has captured the lion's share of the crypto currency (CC) market, and that is mostly due to its CELEBRITY. This phenomenon is much like what is taking place in national politics around the world, where a applicant captures the majority of votes depending on FAME, rather than any proven talents or qualifications to govern a nation. Bitcoin is the pioneer in this market space and proceeds to garner almost all of the market head lines. This FAME does not always mean that it is simply perfect for the job, in fact it is fairly well known that Bitcoin has limitations and conditions that need to be resolved, however, there exists disagreement in the Bitcoin world about how best to resolve the problems. As the problems fester, there is ongoing opportunity for developers to trigger new coins that address particular situations, and therefore distinguish themselves from the roughly 1300 other coins in this market space. A few look at two Bitcoin rivals and explore that they differ from Bitcoin, and from each other:

Ethereum (ETH) - The Ethereum coin is called ETHER. The main difference from Bitcoin is that Ethereum utilizes "smart contracts" which are account holding objects on the Ethereum blockchain. Smart Contracts are defined by their creators and they also can interact with other agreements, Crypto Currency News make decisions, store data, and send ETHER in front of large audiences. The execution and services they provide are provided by the Ethereum network, all of which is beyond what the Bitcoin or any other blockchain network are able to do. Smart Contracts can work as your autonomous agent, obeying your instructions and rules for spending currency and initiating other transactions on the Ethereum network.

Ripple (XRP) - This endroit and the Ripple community also have unique features making it much more than simply a digital currency like Bitcoin. Ripple has developed the Ripple Transaction Protocol (RTXP), a powerful financial tool that allows deals on the Ripple system to transfer funds quickly and efficiently. The basic idea is to place money in "gateways" where only those who know the password can unlock the funds. For financial institutions this opens up huge possibilities, as it simplifies cross-border payments, reduces costs, and provides transparency and security. This is all done with creative and intelligent use of blockchain technology.

The mainstream mass media is covering this market with breaking news tales almost every day, however, there is little detail to their stories... they are mostly just remarkable headlines.

The Wild Western show continues...

The 5 stocks crypto/blockchain picks are up an average of 109% since December 11/17. The wild swings continue with daily gyrations. Yesterday we experienced South Korea and The far east the latest to try and capture down the boom in cryptocurrencies.

On Thursday, South Korea's justice minister, Recreation area Sang-ki, sent global bitcoin prices temporarily plummeting and virtual coin markets into turmoil when he reportedly said regulators were planning legislation to ban cryptocurrency trading. Later that same day, the South Korea Ministry of Strategy and Finance, one of the primary member agencies of the South Korean government's cryptocurrency regulation task force, came out and said that their department will not agree with the premature assertion of the Ministry of Justice about a prospective cryptocurrency trading ban.

Although the South Korean authorities says cryptocurrency trading is nothing more than betting, and they are anxious that the will leave many citizens in the poor house, their real concern is a loss in tax revenue. This is the same concern every government has.

China has grown into one of the world's biggest sources of cryptocurrency mining, but now the us government is rumoured to be looking into regulating the electrical power employed by the mining computers. Over 80% of the electrical power to mine Bitcoin today comes from China. By turning down miners, the us government would make it harder for Bitcoin users to confirm transactions. Mining businesses will proceed to other places, but China is particularly attractive due to suprisingly low electricity and land costs. When China follows through with this threat, you will have a non permanent loss of exploration capacity, which would cause Bitcoin users seeing extended timers and higher costs for transaction verification.