Cryptocurrencies, like Bitcoin, Ethereum, LiteCoin and other, have many potential benefits when they are used as payment methods. There are significant benefits over the classical means of payment like credit cards, wire transfer, or even cash. In this post we are going to see what the most important benefits are.

To be clear, most of the today’s cryptocurrencies are currently not being used as a means of payment or performing everyday monetary transaction. Or at least not on a grand scale. The reasons are numerous, but probably the most important one is they are not widespread enough. The benefits we are talking about here are given from a principle point of view.

1. No Third Party Involved

The main benefit is you don’t have to have any third parties involved. Just the one you are sending money and you. This is great, but on the other hand, it can be a little bit scary, because if you make a mistake in the process there is no authority to go to and ask for refund.

2. Low Fees

Actually, the first thing you should know about is that the fees are not dependent on the amount of money you are transacting. This means, you can send huge amounts of coins for a very low fee. You can set the actual fee based on the speed you want your transaction to go through. Compared to ATMs, credit cards, debit cards, wire transfers, deposits, etc., your fee can be really minimal.

3. Borderless Transactions

The payments are global and borderless. You don’t have to pay any extra fees for oversees transactions. It’s the same charge as when you pay locally. Cross border transactions are usually charged extra when you use the banking system. This is a huge benefit for people working abroad who want to send money to their loved ones at home. Whole industries in the remittance sector are earning a lot of money from poor workers who don’t have other means of sending money cross border.

4. Privacy

You don’t have to give your private information to anybody. You can send money anonymously or semi-anonymously. No ID, or personal info, not even your name or address are necessary. Different cryptocurrencies offer different levels of privacy and anonymity. For example, Bitcoin is not totally anonymous as all transactions are written in a public ledger. Although there are no private data stores, still the transactions can be followed by interested parties and certain information about the sender and receiver can be deduced. On the other hand, Monero and other privacy cryptocoins can offer better protection of your privacy.

5. Mobility

You don’t have to be at home, nor in from of the bank teller to send money. You can use your mobile phone. Just write down the crypto-address of the person you are sending money or use the bar code of that address, and start up your mobile phone to do the transaction.

Cryptocurrencies have many advantages over classical means of payment. In this post we have presented 5 of the greatest benefits of using Bitcoin and other cyprocurrencies. The only obstacle on the road is a wider adoption, but as the technology matures, more and more people jump on board convinced in the usefulness of this new form of payment.

Vivid is an interesting and innovative cryptocurrency platform. It offers Augmented Reality solutions for trading and peer driven publishing. The Vivid platform will have a lot of options for traditional 2D trading and interactive, augmented reality trading. The platform will have its own VIVID currency as a central part of its ecosystem.

Vivid Coin is a new Proof of Stake (PoS) + Masternodes (MN) cryptocurrency that runs on its own blockchain. Unlike the numerous new Ethereum-based coins, Vivid Coin avoids the usage of the congested, slow, highly centralized and high-fee based ETH blockchain. Rather, it uses its own platform. While Proof of Work (PoW) coins heavily rely on mining nodes to secure their block chain and make it immutable, Vivid uses masternodes in combination with community run PoS nodes.

One of the most notable features of the Vivid platform will be low transaction fees. The developers team aims at average costs of transaction as low as 0.00004 dollars.

The Coin’s Infrastructure

The coin’s infrastructure is built in such a way as to facilitate very fast transaction. The speed of transactions may not be that important in the initial phase of the platform’s life, but as Vivid gains popularity and expands its user base, this feature may become critical.

The platform will issue 30 million coins in 25 years. The current supply is slightly above 3 million coins. Each minute, a total of 5 VIVID tokens are minted and shared between the MN and PoS node holders.

The reward distribution of new coins will in favor of MN holders, with 80 percent of the block reward for the MN and 20 percent for the PoS holders.

The requirements for running a masternode is to own a collateral of 10,000 VIVID coins per MN.

This requirement is not present for the PoS nodes, in which case any coin holder is allowed to stack their coins and earn new coins as a reward for helping to secure and assist the VIVID network.

Installing the VIVID Core Wallet

As the Vivid platform runs on its own blockchain, the users are required to install a Vivid Core Wallet and generate their own addresses for receiving or claiming Vivid coins.

Vivid Wallets are available for Windows (32 and 64-bit), Linux, and OS X operating systems. After downloading the wallet and installing the application, you can find your Vivid Coin address under

“Receive” –> “Request Payment”

Once your coins are visible, you can unlock the staking option.

After installation, make sure you have encrypted and backed up the wallet.dat file (from the directory in which the wallet was installed). This file contains the private key necessary to prove ownership of your Vivid coins.

If you want to run a MN, the Vivid team has prepared a nice step by step tutorial for doing that, in which case you can use a VPS hosting, or you may even use your own personal computer. Note that one of the basic requirements for running a MN is to be connected to the internet 24/7.

The VIVID coin is already listed on the decentralized Crypto-bridge exchange.

It is also listed on the Masternodes.online website dedicated to monitoring, reporting and comparing the various MN coins that run today.

The Vivid Block Explorer can be checked out at https://explorer.vividcoin.app/

The Bottom Line

The Vivid team is preparing their Mobile Android and IOS application called Vivid Trading. It will enable trading and managing cryptocurrency portfolios and its beta release is already available to the participants of their ICO presale.

With 105 currently running masternodes, and a marketcap of slightly over $1 million, Vivid has plenty of room to grow. Compared to the most important MN coin, DASH, and its relatively high costs for running a masternode (currently $235,041), Vivid, with its current costs of $3,048 could be a good solution for people who want to learn how to set up and experiment with their own masternodes.

Useful Links

Website: https://vividcoin.app/

Twitter:  https://twitter.com/VividPlatform

Facebook:  https://www.facebook.com/vividcoin/

Vivid Explorer: https://explorer.vividcoin.app/

Medium: https://medium.com/@VIVIDtoken

Telegram: https://t.me/vividcoin

Zixx belongs to the class of cryptocurrencies that employ masternodes as a way to secure their platform. Therefore, to understand Zixx, you have to understand how masternodes work.

Masternodes are, in essence, full nodes operating on the blockchain with additional features that other “non-masternode” systems do not have. Like any other full node, masternodes hold a copy of the entire blockchain, verifying transactions and blocks and contributing to the immutability, privacy, and safety of the cryptocurrency platform.

But masternode can do much more than that. They can make instant transactions, which is not possible with non-masternode crypto currencies. Moreover, the owners of the masternodes have a voting right if the systems is implemented in such a way as to have distributed governance. More information about this currency and how it is used in online casinos at gelbstunter.wordpress.com.

For prospective investors, masternodes provide a way to earn money. In exchange for providing security and robustness to the system, all masternodes share a fixed amount of profit on a regular basis.

With its 80% reward, Zixx is designed from the start to benefits masternode owners.

In order to be able to run a masternode, a certain amount of coins have to be locked and they serve as collateral. With Zixx, you would have to have at least 1,000 coins to run a masternode. As the masternode has to be online 24/7, probably the best solution is to have a dedicated or VPS server.

If the requirements for running a masternode look like too much for your capacity, Zixx is going to offer a shared solution (not yet implemented) with multi-user nodes. The reward will then be split between the users sharing a single masternode. Serious investors may choose to run several nodes at the same time, with a single Zixx address for receiving the total reward.

For mining, Zixx uses the ASIC resistant neoscript algorithm. A total of 5 ZIXX coins will be minted every 2 minutes (every block). A total of 22 million ZIXX coins will ever be issued, limiting the supply which ensures good profitability in the long run. Approximately about 100,000 coins will be issued each month. As much as 10 percent of the block reward will go to the miners, and, as indicated, a whooping 80 percent will be reserved for the MN owners. The remaining 10 percent are set aside for research and development, marketing, charity, and exchange listing.

Zixx Cryptocurrency Exchanges

Zixx is already listed on Cryptopia (centralized ) and Crypto-bridge (decentralized) exchange.

Zixx Mining Pools

If you are a miner interested in mining this Neoscrypt coin, you can join a pool at:

ZergPool: http://zergpool.com/

Gos: https://www.gos.cx/ or

Fairmine: https://fairmine.pro/

How to Install a Zixx Wallet and Receive a Payment

In order to be able to send and receive ZIXX coins, you will have to download and install a Zixx wallet. Currently, you can choose between Windows, Linux, and OSX wallet. After the installation, you just run the wallet and wait until it synchronizes with the network.

In order to find your new Zixx address, you can click on Receive ->Request Payment,

where you can take note of the Zixx address, which looks like this:

zD1Pjff5N3ZWtEVAGFghyo5DryBiXtd2fn

If you want to start a masternode, Zixx has made the process super easy. Just click on “Masternodes” in the upper menu. Then you can access a masternode creation wizard. This option will surely be welcomed by cryptocurrency enthusiasts without extensive technical knowledge, or by anyone who would like to try setting up masternodes and playing around with them.

The Bottom Line

With relatively low issuance rate, low supply, and high masternode rewards, this cryptocurrency could be an ideal choice for crypto-enthusiasts who want to enter the masternode business. In parallel to running the cryptocurrency infrastructure, the Zixx team is also devoted to managing charity projects. All masternode holders will be able to vote and have a say in how the charity fund is allocated.

Useful links:

Website: https://www.zixx.org/

Twitter: https://twitter.com/ZixxCrypto

Facebook: https://www.facebook.com/ZixxCrypto/

Zixx Explorer: http://zixx.org/explorer

Wallet Download: https://www.zixx.org/download-wallet

Discord page: https://discordapp.com/invite/wEtdDz4

Bitgur price index: https://bitgur.com/coin/XZX

In 2018, huge number of new cryptocurrencies started to use the mechanism of masternodes as a way to strengthen their network. If we compare these coins to algorithms based on the Proof of Work concept, masternodes offer a new way of achieving consensus on the blockchain.

What are Masternodes and How You Can Use Them

Masternodes can also be attractive as assets that generate passive income. In principle, the person who wants to set up a masternode has to purchase a certain amount of coins. The coins that are purchased can be used like a collateral in the process of setting up a node on the network. So, if you hold a certain amount of coins, you are guaranteed passive income as an owner of the masternode on a monthly or yearly basis.

The node has to be online most of the time and communicate with the rest of the network, which usually means setting up a dedicated hosting and installing the necessary software.

Many investors have no clue how to set up and then maintain a masternode. This process often requires technical knowledge, using linux based operating systems with command line interfaces. The system has to be secured against network attacks and other security issues.

But at the end of the day, you don’t have to be a person with technical background to invest in a masternode.

The Masternode Foundation Platform

https://manocoin.org/

The Masternode Foundation Services and their specialized (MANO Host) service are designed to help a potential investor to automate the process of creation and maintaining of masternodes.

MANO Host will make it possible for the investors to host masternodes without any previous technical knowledge, experience about the linux operating system, or knowledge related to securing a full node on the blockchain. All that will be possible for as little as $5 with just one click of your mouse.

Besides automation, MANO will offer masternode ranking service, which will be a list of masternode coins where the users can compare virtually all available masternode cryptocurrencies.

Another feature of this platform will be the MANO exchange, which is an exchange with trading pairs of coins that run masternodes.

The MANO Coin

The MANO platform will issue its own native cryptocurrency called MANO. Much like bitcoin, MANO coin is a mineable decentralized currency that will be used as a means of exchange on the MANO network for the services provided by The Masternode Foundation.

MANO is a combined PoW/PoS system with 50 percent of mined coins and 50 percent of masternode coins. So a potential investor will be able to invest in the MANO coin masternode as well.

The proof of work part will utilize the lyra2z ASICS resistant algorithm. A bock on the blockchain will be mined in 2 minutes on average, with 10 MANO received by the miners coins as block reward. As already pointed out, 5 MANO coins will be paid as reward to the miners, and the remaining 5 coins will go to the masternode owners.

The halving of the reward that miners receive will occur once every year. There will be a total of 12.61 million coins ever created. This is a relatively low cryptocurrency supply, even compared to bitcoin’s 21 million, which should ensure high coin prices in the future.

The collateral for the MANO masternode will be 1,000 coins. Given the current market price of the corresponding coin, and the unique concept of this platform, this is an attractive opportunity.

The future plans for developing this platform include establishing a fully operational hosting service with one click setup. This service will be officially launched in October 2018. The launch of the MANO exchange should happen in the beginning next year. The exchange will have partner coins listing, audits, and third party security.

MANO coin is already listed in the Crypto Bridge exchange, which is a decentralized exchange especially supportive of masternode coins.

All in all, The Masternode Foundation platform has an interesting concept, a lot of interesting features and great potential for future growth.

Useful Links

Website: https://manocoin.org/

Lightpaper: https://manocoin.org/MANO-LP01.pdf


There are more than 1500 known coins available at the moment of writing this post. Bitcoin is the most widely known, and something about 10-20 of them are relatively well known.

Some of the popular coins used by individuals as well as companies and institutions are Monero, Zcash, and DASH. They all belong to the category of privacy cryptocurrencies. Even thought they are far away from widespread usage, they have found a larger scale acceptance than the others.

To these three, we can add two more, PVIX and Cloack coin, both of which are also private coins. In the Zcash category, there are several very similar crypto-currencies, like ZCoin, Zclassic, and Zencash. As of recently, Zclassic has been forked into BitcoinPrivate, which may in the future become one of the most important Privacy coins.

DASH is a popular crypto-currency offering real life solutions to owners of Dash coins, like payments and credit cards. When you own Dash coins it makes sense to use the to load these specialized credit and debit cards.

All this brings these coins closer to mainstream applications, but even if you don’t use them for that, some basic understanding as to how they work can always be very helpful.

Let’s inspect each of these privacy coins sloser.

Monero Coin

Monero belongs to the new generation of currencies with enhanced privacy properties. While the algorithm of Bitcoin is SHA-256 hash, Monero uses CryptoNote Proof-of-Work algorithm. CryptoNote is designed having ordinary PC CPUs in mind, so that to prevent GPUs or other expensive hardware to take over the mining process. The technology that Monero is called CryptoNote. It offers different encryption techniques.

Monero could be considered a secure and quite a bit more private coin than Bitcoin. Here we have both higher privacy features and higher security. For example, in Monero you would find stealth addresses and ring signatures. If you really need to hide your identity, Monero is designed for that.

Privacy is optional in Monero, though. You can choose to reveal your identity or to keep it hidden. They have solved this by having separate addresses for the transactions.

As it is the case with most of the Altcoins, Monero cannot be bought directly. You first have to get some Bitcoins and use them to buy Monero coins. Some of the major exchanges, like Coinbase don’t support Monero, so you would have to go to Kraken, and other medium sized exchanges that list this coin. In any case, you won’t have much problem converting your bitcoins once you have them in your wallet.

If you don’t want to use your fiat money (dollars or euros) to buy Monero, there is an alternative. You could go to Genesis Mining, or other similar systems, open a mining account, and mine your own Monero. Or some other currency of your choice.

At this moment (March 2018) Monero is worth BTC 0.0272 or $ 252.6. This may change of course.

The market cap is currently around $3.9B.

Zcash

Zcash, Zero Cash, is another famous privacy altcoin. It is usually abbreviated as ZEC. It offers high levels of privacy and security. It also has two types of addresses, transparent and private. The difference is that Zcash is created by a company. The name of the company is Zerocoin Electric Coin Company. While this might seem to bring security at first, especially given the expertise of some of the founders, the Altcoin community was very skeptical about having a company in charge of a coin. They also take 20% of all mining fees into a developers fund, which can be viewed as both a good and a bad thing.

However, the security and privacy of ZEC is not questionable. It uses a state of the art zk-SNARKs technology. You can check this post for a more technical explanation.

The acceptance of ZCash is not over the top. You can buy it easily though on a number of well established exchanges, but first you have to purchase some BTC for fiat money. Or if you don’t want to to that, you can always mine some ZEC coins, even if you don’t have your own mining hardware. You can use a company like HashFlare to mine your own crypto currency.

At this moment (March 2018) ZEC is worth 0.0312 BTC or $ 288.6. This may change of course.

The market cap is currently around $800M.

DASH

DASH is a cryptocurrency that changed its name from Darkcoin. The reputation of this coin was questionable as it was associated with the DarkWeb. However, today DASH tries to improve its image and to be seen as a crypto ready for mass audiences. It tries to be adopted as digital cash by legitimate merchants. On the DASH’s webiste you can find a list of merchants, web stores and visa and debit card providers. This would indicate that this coin is approaching the mainstream faster than some other altcoins. For example, by using Shakepay as a credit card, you can convert DASH, BTC, and a couple of other currencies into Euros or US dollars.

DASH has a potential, but it remains to be seen whether or not it will be accepted even further. As far as investing is concerned, DASH seems to be well positioned.

At this moment (March 2018) DASH is worth 0.053 BTC or $ 486.9. This may change of course. Check out this post for more detail.

The market cap is currently around $3.9B.

PIVX

PIVX is Private Instant Verified Transaction coin launched two years ago. Much like the other private crypto-currencies, the focus is on creating secure and private money. It also used to be associated with Darknet under the name DNET, but it managed to create a distance from its past.

PIVX is attempting to create a global payment network. It is an open source project with strong ideological touch. In the long run, PIVX is attempting to incorporate messaging along with transactions and mutual compatibility with the other coins. There are some practical applications with this coin, like buying apps on GitHub.

At this moment (March 2018) PIVX is worth 0.00049405 BTC or $ 4.5. This may change of course.

The market cap is currently around $250M.

CloakCoin

CLOAK is a coin designed from the beginning to be totally private. It has many layers of security, including offline coin mixing, extra encoding, and a system for transactions called Enigma. Tracking is further prevented by adding an additional layer of fungibility.

At this moment (March 2018) PIVX is worth 0.00097 BTC or $ 8.9. This may change of course.

The market cap is currently around $45M.

Which One?

This is a question you will have to answer for yourself. It depends on what you are going to use them, whether you plan to invest in them, etc. Judging from market cap alone, you can see where the potential for growth lies. You should also take into account the possibility of widespread use. For example DASH is integrated with MasterCard and Visa, which is a huge plus.

What About Privacy?

It is hard to talk objectively about the levels of privacy in these coins. Without a doubt, the most private currency seems to be Monero. It is no wonder it is being used on the Darknet for true anonymity.

ZEC is very fast and cheap, but it doesn’t have privacy as a default option. By default, all addresses a tranpsarent. In contrast, with Monero, you have no other option but to go private. However, the transaction is expensive in terms of resources, like cpu, memory, bandwidth, which translates into larger fees. DASH is less secure than the two, but it is very mainstream. Cloakcoin has a good potential to take over Monero’s current position. Its transaction system ENIGMA is open source which promises great future for this crypto. PIVX, as a fork of DASH, is very much like DASH, but it has a PoS (Proof of Stake) and a protocol level governance. Adoption is a big problem of PIVX, though.

There are other promising privacy coins outhere, like Komodo, Verge, ZClassic, Zoin, Zcoin, and BitcoinPrivate. For one, BitcoinPrivate is an interesting and promising cryptocurrency.

The Bottom Line

The problem of mainstream adoption is huge with all of these private coins. If that could be solved Monero, DASH, Zcash, CloakCoin, and PIVX could all be used in apps and everyday usage. Until that time, you can consider them interesting and promising investments.

X11 is a mining algorithm which appeared in the mining community in 2014. The name originates from the fact that it takes 11 rounds of hashes to discover new blocks.

It is a relatively energy efficient way of mining, which at first allowed for both CPU and GPU to be used. When it first appeared, it enabled smaller miners to enter the race, preventing hard core ASICS hardware to take over.

However, X11 wasn’t ASICS resistant too long and when the DASH crypto-currency entered the scene,  X11 was ASICSed.

DASH

Website: dash.org

More info

PURA

Website: pura.one

More info

EQUITRADER (EQT)

Website: equitrader.co

More info

STARTCOIN (START)

Website: startcoin.org

Резултат слика за start coin

More info

Pioneer Coin (PCOIN)

Website: pioneercoin.com


Bitcointalk

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Bolivarcoin (BOLI)

Website: bolicoin.com

More info

ZSEcoin (ZSE)

Website:zsecoin.com

More info

SmartCoin (SMC)

Website: smartcoin.cc

More info

MonetaryUnit (MUE)

Website: monetaryunit.org

More info

Monkey Project (MONK)

Website: monkey.vision

More info

PizzaCoin (PIZZA)

Bitcointalk

More info

Digitalcoin (DGC)

Website: digitalcoin.org

More info

HomeBlockCoin (HBC)

Website: homeblockcoin.com

More info

Unitus (UIS)

Website: unitus.online

More info

Eryllium (ERY)

Website: eryllium.com

More info

Boolberry (BBR)

Website: boolberry.org

More info

Attention token of media (ATM)

Website: atmcoin.com

More info

I/O Coin (IOC)

Website: www.iocoin.io

More info

E-Dinar Coin

Website: edinarcoin.com

More info

BitSend (BSD)

Website: bitsend.info

More info

Syndicate (SYNX)

Website: syndicatehodlers.com

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PinkCoin (PINK)

Website: getstarted.with.pink

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HyperStake (HYP)

Website: hyperstake.io

More info

Memetic / PepeCoin (MEME)

Website: memetic.ai

More info

 

Ninjacoin (NJA)

Bitcointalk

EuropeCoin (ERC)

Website: europecoin.au.org

More info