Bitcoin Wallets: What are the differences between them?

Bitcoin, Coin Manual (General), Uncategorized
Satoshi Nakamoto first published their paper on Bitcoin back in 2009, but it didn't reach real mainstream popularity until recently. Only the users who understand the highly technical mechanics of Bitcoin invested their time in the technology during 2009-13 intermission period. In February of 2013 Bitcoin, and soon cryptocurrencies in general, finally entered the public consciousness. Despite being a four year old technology, many of the core features of the Bitcoin protocol were not polished in any capacity, let alone ready for mass public consumption. The Bitcoin wallet is an excellent example of one such component. Since that first popularity explosion, much expertise has gone into designing and refining the Bitcoin wallet. Today we will be taking a look at the differences in functionality of the three types of wallets as well…
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Proof of Stake – How does it work and what are the advantages?

Coin Manual (General), Cryptography (General), Uncategorized
Recently more and more alt coins have decided to integrate a proof of stake system over the traditional proof of work system used by Bitcoin and Litecoin. But why, one may ask? Frankly, the proof of work system is not perfect. A cryptocurrency without proof of stake doesn't just lack an incentive for users to continue holding on to their coins, but is also susceptible to a 51 percent attack if one party controls a majority of the total mining output. To solve help these problems, some cryptocurrencies, such as NXT, have implemented a 100 percent proof of stake system. Other currencies, such as Dogecoin, have implemented elements of proof of stake to take advantage of its benefits. What is Proof of Stake? Like a proof of work system, proof of stake allows miners to verify block chain transactions…
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How will financial firms like JP Morgan soon challenge Bitcoin?

Bitcoin, Coin Manual (General), Uncategorized
Bitcoin has endured many challenges since emerging back in 2009. Still, the currency is more alive than ever with ever-growing adoption between new consumers and merchants alike. It's uniqueness as a (mostly) decentralized currency against all odds has attracted the attention of media all over the world. As the currency populi of the world, are the big financial firms and authorities of the world planning to take on the cryptocurrency, challenge it, or even destroy it? Do financial firms even care about Bitcoin? Yes. Early this year we saw a number of provocative headlines ranging from JP Morgan's potential patents for a digital currency to the Goldman Sachs assessment of Bitcoin. Both have spurred volumes of discussion about the topic, though it all boils down to a single fact: They care.…
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How will the Satoshi Nakamoto Dox affect the market?

Bitcoin, Coin Manual (General), Uncategorized
On September 8, the administrator and owner of Bitcointalk.org, theymos, announced that satoshin@gmx.net "had been compromised." We're still not quite sure what the true extent of the compromise has been and whether one or several hackers have gained access to the account. There are however some important things to say about what affect this will have on the Bitcoin market both in the short term and long term, and what vigilance is necessary for the coming months. What we know so far Theymos received an e-mail from the account once maintained by Satoshi Nakamoto, the pseudonym for the creator(s) of Bitcoin, that more or less sounded nothing like what Nakamoto would say. The e-mail was also the first sent to him in nearly four years, since Nakamoto's departure from the…
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For Merchants: Getting started with Crypto Currencies like Bitcoin and Litecoin

Australia, Coin Manual (General), Uncategorized
If you're a merchant, or own a business or storefront, you may have heard about accepting Bitcoins, Litecoins, Dogecoins or any other sort of crypto currencies out there. You may also be wondering what in the world these things are and why they matter. We've put together here at CoinManual a short beginners guide for getting started with Cryptocurrencies, including these iconic coins, as well as some important information you'll want to know. What are Crypto Currencies? At their core, cryptocurrencies are digital coins (meaning they are stored online) that are exchanged between people, businesses and other organizations spend and receive. There are many types of cryptocurrencies, the two most popular being Bitcoin and Litecoin. Just like a regular currency, it has a value based on who trusts it. For example,…
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