BOATENG BONYA WIAFE, Author at TechCavit https://techcavit.com/author/boateng-bonya-wiafe/ Technology News At Its Finest Wed, 24 Jul 2019 19:23:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.12 https://techcavit.com/wp-content/uploads/2022/03/cropped-TechCavit-Icon-32x32.png BOATENG BONYA WIAFE, Author at TechCavit https://techcavit.com/author/boateng-bonya-wiafe/ 32 32 All You Need To Know About Samsung’s 12GB LPDDR5 RAM With 5G https://techcavit.com/all-you-need-to-know-about-samsungs-12gb-lpddr5-ram-with-5g/ Wed, 24 Jul 2019 19:23:41 +0000 https://techcavit.com/?p=725 All You Need To Know About Samsung's 12GB LPDDR5 RAM With 5G

Getting yourself a 5G smartphone with an AI feature is one of the coolest things, now that technology is advancing. For a smartphone to be highly recognized in this modern world, it mostly depends on features like memory. Now that Samsung has started mass production of its first 12 Gb LPDDR5 RAM smartphone which is […]

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All You Need To Know About Samsung's 12GB LPDDR5 RAM With 5G

Getting yourself a 5G smartphone with an AI feature is one of the coolest things, now that technology is advancing. For a smartphone to be highly recognized in this modern world, it mostly depends on features like memory.

Now that Samsung has started mass production of its first 12 Gb LPDDR5 RAM smartphone which is touched to have a 5G and an AI features.

Samsung is set to bring 12GB RAM for smartphones using new development which they have already started mass production. There are speculations that the 12GB RAM could be a part of the Samsung Galaxy Note 10 which is yet to be disclosed.

Now that Samsung has started mass production of their 12Gb LPDDR5 RAM. Below is what you need to know and expect from their new technology.

Due to Samsung advancement in technology, Samsung’s new smartphones with Dynamic random-access memory (DRAM) can improve this generation and the next generation flagship with fully leverage AI features and 5G capabilities such as machine learning and ultra-high-definition video recording with high extending battery life.

The smartphone will consume a data rate of 5500 Mb/s with approximately 1.3 times faster than that of the LPDDRRX which is 4266 Mb/s and can be found in today’s modern smartphones.

The 12Gb LPDDR5 RAM will be able to transfer 44GB of data per second, that is, you can watch 12 full HD movies provided your internet connection is very good.

The new 12Gb LPDDR5 RAM chip will use less than 30% of its power compared to it the previous ones they did. In addition to the new circuit designed to enhance low power, clocking and training features that ensures that performance is stable even when working at a very high speed.

To manage these mass productions with flexibility. Next year, Samsung technology will start transferring their 12Gb LPDDR5 into mobile DRAM base on 10nm-class, 5500Mb/s production into Pyeongtaek in Korea campus which will depend on global demand by most Samsung customers.

After the introduction of the 12Gb LPDDR5 mobile DRAM, it’s expected of Samsung to develop a 16Gb LPDDR5 in 2020 next year to outrun their competitive edge in the global market in terms of memory.

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Five Undervalued Cryptocurrencies In The Crypto Ecosystem https://techcavit.com/five-undervalued-cryptocurrencies-in-the-crypto-ecosystem/ Fri, 14 Jun 2019 21:12:05 +0000 https://techcavit.com/?p=583 Trouble Looming Blockchain Industry 2019

For so many years a lot of Cryptocurrency has gone through a lot to be where they are today. Unlike bitcoin which has gained popularity due to its technology and speculations. In view of this, some undervalued Cryptocurrencies are now making it each and every day due to the performance and market cap, they are […]

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Trouble Looming Blockchain Industry 2019

For so many years a lot of Cryptocurrency has gone through a lot to be where they are today. Unlike bitcoin which has gained popularity due to its technology and speculations.

In view of this, some undervalued Cryptocurrencies are now making it each and every day due to the performance and market cap, they are now ranked higher than most valued Cryptocurrency in market cap.

There are five Cryptocurrency that is performing greatly and are not well noticed as they deserve.

Sapien is currently one of the undervalued Cryptocurrency. It is a decentralized platform for social news that focuses on solving several problems in relation to today’s media.

Just like Ethereum, it uses a smart contract which serves as a filter for fake news that spread very fast on a centralized social media platform.

Sapien is a platform for free speech which serves as a discourse for people to share their ideas which moves society forward.

Just like Facebook, youtube, etc have shown censor willingness which has paved a way for platforms such as sapien which is a sign for networks future prospects.

Ethos is a decentralized mode of exchange. It was first known as Bitquence, due to rebranding it is known as Ethos and the price been surging since its introduction.

Ethos focuses on Cryptocurrency trading in relation to social media. Through that, users are able to learn from each other, follow the investment of others and share their insights.

Ethos provides its users with a rich Cryptocurrency wallet, which allows users to use their wallet for much more than trading and storing Cryptocurrency.

In simple terms, ethos aspires to increase mass adoption in terms of technology trading in crypto space.

Next on the line is Tael, also known as Wabi which is a technology used to power tech-rock system.

The main purpose of this tech-rock ecosystem is to help customers to verify the authenticity of the product they purchase.

Tael deal with products such as medications, alcohol, etc that are counterfeit and deadly to countries through the internet by securing the supply chain.

It has all the potentials of what Cryptocurrency investors look up for as one of the undervalued Cryptocurrency.

In market capitalization, the total supply of tael is low and there is a lot of room for growth.

Neo coin is one of the undervalued crypto coins which is considered to be Ethereum killer. Just like Ethereum, it has smart contract technology which can digitalize asset.

A digital asset can be exchanged, managed or distributed within the platform of NEO.

Its smart contract is designed in a way that it can transfer one ownership from one person to another.

Neo focuses on digitizing assets like food, cars, property, etc. If the asset can be digitized, it can be traded on Neo’s platform.

Now that we are in the smart age of economies, it is time we keep an eye on the Neo digital currency as it grows and will make all internet transaction a reality.

Supercomputer Organized by Network Mining is known as SONM is an altcoin I have been dreaming about and one of the few undervalued Cryptocurrency in the crypto ecosystem.

SONM is the Cryptocurrency that eats into AWS’s market, meaning you can develop an app, host websites, etc using SONM architecture.

It’s new on exchange grounds but has grown steadily since November 2018.

Its technology started working in 2018 and since then, the real value for token holders are now coming in.

Now that it is listed among the bigger exchange platform, it has gained more liquidity and trading volume.

When it comes to undervalued Cryptocurrency, these coins are worth keeping tabs on. Even though, there is no storage for the undervalued crypto coin with great potentials.

Based on the capabilities of their blockchain technology which offer a great variety compared to most undervalued Cryptocurrency, there is the need to keep an eye on them.

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Market Outlook: Can Ethereum Ever Replace Bitcoin? https://techcavit.com/market-outlook-can-ethereum-ever-replace-bitcoin/ Thu, 13 Jun 2019 17:01:11 +0000 https://techcavit.com/?p=580 Market Outlook: Can Ethereum Ever Replace Bitcoin?

For the past months now, the struggle between Bitcoin and Ethereum has been the main issue on the crypto ecosystem as far as Cryptocurrency is a concern. Now that Bitcoin and Ethereum are more volatile even as their price plummet with a percentage of 25% and 45% since their recent ATHs. Bitcoin and Ethereum are […]

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Market Outlook: Can Ethereum Ever Replace Bitcoin?

For the past months now, the struggle between Bitcoin and Ethereum has been the main issue on the crypto ecosystem as far as Cryptocurrency is a concern.

Now that Bitcoin and Ethereum are more volatile even as their price plummet with a percentage of 25% and 45% since their recent ATHs.

Bitcoin and Ethereum are two Cryptocurrency with different potentials, mission, and vision; therefore, it is advisable to understand their differences to get a clear idea if bitcoin can be replaced by Ethereum even if bitcoin plummets in Value.

Well, for now, I don’t expect Ethereum to be a potential challenger to replace Bitcoin.

Bitcoin itself is a clear, pure and powerful Cryptocurrency. It is a currency which is not owned or controlled by a group of individual or a country and is open to the public.

Bitcoin has the largest protocol in all levels. Currently, there are over 200 developers contributing to bitcoin which makes it the favorite of all Cryptocurrency with the largest market capitalization. In view of this, it will only take a miracle for Ethereum to replace it even if it plunges.

Even though bitcoin and Ethereum are very volatile, both coins always seem to still survive the volatile phase. Bitcoin has survived for 9 long years of attempted government regulations, bad press, a shit ton of ICO tokens and other constant attacks. Bitcoin still remains the most decentralized and purest Cryptocurrency till date.

Bitcoin has the largest utility tokens compared to Ethereum, That is, it has the highest token used within Cryptocurrency platforms as a payment method. In view of this, just a few Cryptocurrencies are listed as a utility token in an area of Cryptocurrency exchange and not all crypto wallet have Ethereum exchange compared to Bitcoin. This makes Bitcoin a major universal Cryptocurrency.

The idea of a utility token is to give Cryptocurrency users the chance to transact on the platform by using Cryptocurrency instead of traditional money or physical cash.

Bitcoin has a lower coin supply and is more usable than Ethereum, though Ethereum has better-advanced technology and more applications than Bitcoin.

There are speculations that bitcoin will one day fall and be replaced by Ethereum.

ETH may be similar to bitcoin, it doesn’t mean it is better and can replace Bitcoin even if it nosedives. Like I said, Bitcoin is original, pure and the mother of all Cryptocurrencies and cannot be replaced by Ethereum or any other coin.

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Why Bitcoin Is Better Than Other Cryptocurrencies https://techcavit.com/why-bitcoin-is-better-than-other-cryptocurrencies/ Sun, 14 Apr 2019 08:51:03 +0000 https://techcavit.com/?p=535 Why Bitcoin Is Better Than Other Cryptocurrencies

Bitcoin is the king of all cryptocurrency. Bitcoin has gained popularity due to speculations and the technology behind it. Bitcoin has been in the crypto ecosystem 2007 till date and it is the widely used crypto coin as it is the pioneer of all cryptocurrencies. The protocol and algorithm of Bitcoin make it special and […]

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Why Bitcoin Is Better Than Other Cryptocurrencies

Bitcoin is the king of all cryptocurrency. Bitcoin has gained popularity due to speculations and the technology behind it. Bitcoin has been in the crypto ecosystem 2007 till date and it is the widely used crypto coin as it is the pioneer of all cryptocurrencies.

The protocol and algorithm of Bitcoin make it special and better than other cryptocurrencies. Its algorithm controls (limit) the number of bitcoins to 21 million and the payment process is irreversible and anonymous.

Bitcoin is a transnational digital currency. bitcoin has no boundaries; it is an open and peer to peer network. Which is secure and frictionless. It allows smooth transaction without a third party and gives users a unique key known as a password. This makes Bitcoin unique, secure, private and open at the same time.

Bitcoin is less volatile. Bitcoin is accepted globally and less volatile than most Cryptocurrency. Unlike other Cryptocurrency which is only acceptable by few crypto wallets. Because of this feature, it makes it easier to trade online and across all boundaries. Provided that there are internet connections.

Bitcoin is the greatest tool for investment. Bitcoin is accepted worldwide. It provides an open market with no restrictions imposed on it. That is, it eases online shopping.

It is impossible to make duplicates of Bitcoin. Bitcoin is protected by blockchain technology. For example, even if you manage to make a duplicate of bitcoin and try to use it, the system will reject it since it is unknown to the system.

Decentralization of Bitcoin makes it different and far better than most Cryptocurrencies. That is, it has no single chock point, that makes it a decentralized coin. Most crypto coins are centralized, they are owned and controlled by companies. Centralized coins are mostly affected by the change in security, inflation of supply, decreasing of acceptance, etc. Which changes the utility of the coins stored in value? In short, most crypto coins and ICO other than Bitcoin is centralized.

Unlike other coins, bitcoin is designed in such as a way that if the system developers disappear with no trace, there are several open source implementations that can still offer several choices to each and every user without any difficulty.

Straight from the history of Cryptocurrency, bitcoin has the highest lead in all areas in crypto space. It won’t give up so easily to other coins. Due to its special features, no other coin has successfully or made an attempt to replicated bitcoin. That’s why Bitcoin is the real revolution.

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Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join The Crypto Space https://techcavit.com/cryptocurrency-now-on-top-of-the-hills-as-investment-bankers-leave-firms-to-join-the-crypto-space/ Sat, 06 Apr 2019 22:04:28 +0000 https://techcavit.com/?p=526 Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join Crypto

After the invention of the first Cryptocurrency (Bitcoin) in 2007 by Satoshi Nakamoto followed by other altcoins. As Cryptocurrency grows, it draws much attention especially in the area of trading (buying and selling of Cryptocurrencies) investments to be precise. As the world develops, Cryptocurrency trading fluctuates depending on trading activities. Investment bankers are now wising […]

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Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join Crypto

After the invention of the first Cryptocurrency (Bitcoin) in 2007 by Satoshi Nakamoto followed by other altcoins. As Cryptocurrency grows, it draws much attention especially in the area of trading (buying and selling of Cryptocurrencies) investments to be precise.

As the world develops, Cryptocurrency trading fluctuates depending on trading activities. Investment bankers are now wising up after realizing that banking is just a replaceable job.

Investment bankers have more upsides than Cryptocurrency investors. As investment bankers invest in real capital which involves a lot of risk taking, that is your success depends on the type of investment you do to deliver a higher rate of return.

Investment bankers are always finding ways and means to source deal since individuals have to go through a lot of research in other to convince people to invest in a bank in favor of their investment which might be a bit hectic. Even though financial modelling can be applied which is a skillset used by investment bankers. This is done by manipulating computers by the bankers.

Investment bankers have now seen the ugly side of their chosen field, i’m not trying to be biased. Investments banking is not just a high paying job but high pressure and high stakes job as well.

Tension all rising as bitcoin hit $5,000 for the first time in 2019 which has gained more attention and also alerted investors in general.

Bitcoin has taken the crypto market by surprise which has caused the coin bulls to jubilate and invest more. For the past few months, the value of Cryptocurrencies has been reducing indicating that the trading market is in a bear trend. Even with this, Cryptocurrency will always surprise the trading market. This is the time crypto bulls take advantage and invest more.

Cryptocurrency investors buy coins when it is cheap in other to gain profit when it values increases. This is the time to buy Cryptocurrency especially Bitcoin, XRP , Ethereum etc.

Investment bankers have realized that investing in cryptocurrencies involve less risk in terms of volatility. Whenever the price of cryptocurrencies is volatile, it is the best time to make analysis and invest since it attracts less attention.

There is speculation that BTC is 100x the price of where Bitcoin is today. Which is true. Cryptocurrency is somehow risky but the payoff is much higher than that of investment banks. professional investment bankers have taken advantage of the sudden rise in BTC by investing in some small portion of their portfolio into cryptocurrency.

Even though Cryptocurrency has unregulated space. Unlike the real bank, which is controlled by government entities and changes can be made at any point in time. which can have an effect on their investment returns.

I always advise that people should invest in Cryptocurrency when the price is low and just relax and wait for the price to skyrocket. Investment bankers are now leaving firms to join Cryptocurrency investment. Especially now that Bitcoin trading (buying and selling) is booming. All eyes on Cryptocurrency, Bitcoin to be precise.

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2019 Valuable Cryptocurrencies That Are Mineable https://techcavit.com/2019-valuable-cryptocurrencies-that-are-mineable/ Tue, 02 Apr 2019 21:13:06 +0000 https://techcavit.com/?p=522 2019 Valuable Cryptocurrencies That Are Mineable

Out of 10 Cryptocurrency coins that are on top of the hill, there are just a few within the market capitalization that are valuable and can be mined. Cryptocurrencies that are mineable are mostly based on blockchain technology. Cryptocurrency such as XRP and NEO are not mineable because they lack public blockchain standards, therefore making […]

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2019 Valuable Cryptocurrencies That Are Mineable

Out of 10 Cryptocurrency coins that are on top of the hill, there are just a few within the market capitalization that are valuable and can be mined.

Cryptocurrencies that are mineable are mostly based on blockchain technology. Cryptocurrency such as XRP and NEO are not mineable because they lack public blockchain standards, therefore making it difficult to mine. In this case, XRP and NEO do not qualify to be mineable Cryptocurrency.

Crypto coins joining valuable and mineable coins such as BTC, ETH, LTC and BCH include BSV, XMR, DASH, Zcash etc. These coins joining the mineable coins are worth 2.2 percent of the whole crypto economy while the top 8 mineable coins worth 67.7 percent far more than other Cryptocurrencies and these coins can be mined by interested individuals provided that you have a machine (computer) with standard ASIC and GPU.

Here are the top 5 cryptos that are not just mineable but valuable as well. First on the list is Zencash (ZEN). It is more valuable to mine with it expected returns higher than Bitcoin (BTC) and Ethereum (ETH). Zencash technology was at its peak during the past months with 800 percent rise in the price of ZEN. It is advisable to mine Zencash using Nicehash software on your computer.

Bitcoin, it gained much attention with its huge marginal price level. A valuable coin such as Bitcoin which is mineable has the highest price score overall altcoins since its invention till now. Bitcoin exhibits an anonymous peer-to-peer crypto transaction which makes it valuable to mine. You can mine Bitcoin on your machine (PC) using software such as Easyminer, BFGminer, and Minepeon. Minepeon is best for mining bitcoins as recommended by Cryptocurrency miners.

Monero (XMR) is currently the most valuable and free mineable coin in the month of February 2019 till now. The best software to mine free Monero (XMR) is Minergate. With free fifteen days of mining Monero and no fee is charged when you reach your minimum withdrawal. You definitely need to try your hands on Monero coin.

Ethereum (ETH), you might be wondering why Ethereum is part of the top five. Well, ether is a native currency of the Ethereum technology. ETH has been in the mining system for a long time now. It performs a range of function which makes it so special. The price of Ethereum surged more than 200 times for the past years.

The asset of Ethereum attracts serious speculative investors with increasing interest value that is over 1000 times within a month. That makes it valuable to invest and mine as well. This interest attracts fresh capitals into the Cryptocurrency ecosystem. But can be damaged within a short period of time, which can affect the crypto economy.

In September 2017 Electroneum (ETN) was launched into the Cryptocurrency ecosystem. One remarkable thing about this coin is that it can be mined using your mobile phone or via CPU and GPU. Even though the price has not increased for some time now after its launch. Electroneum is one of the promising coins which has less value but mineable from 2017 till date.

The idea behind electroneum is to target smartphone users. Buy triggering 2.20 billion users to mine Electroneum coins in other to gain popularity. Even though the value on market price is not as high as Bitcoin, Ethereum etc. But very predictable and promising to mine and more valuable than most crypto coins on the crypto ecosystem.

Cryptocurrency that is not mineable face a lot of challenges like criticism from people that they are just wasting time and resources. Well, for me I think they just need more time in other to be well known and recognize in the Cryptocurrency economy just like how Bitcoin and Ethereum started.

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Why IS Crypto Crime Taking Over The Crypto Community? https://techcavit.com/why-is-crypto-crime-taking-over-the-crypto-community/ Tue, 02 Apr 2019 08:18:53 +0000 https://techcavit.com/?p=518 WHY IS CRYPTO CRIME TAKING OVER THE CRYPTO COMMUNITY?

As technology grows, it moves alongside with crypto crime. The first stolen cryptocurrency (Ether) occurred in Argentina which led to the first criminal sentence. Since then, crypto crime has been an issue in relation to the crypto economy. In 2018, the rate of crypto crime increased but its effects on the large market were just […]

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WHY IS CRYPTO CRIME TAKING OVER THE CRYPTO COMMUNITY?

As technology grows, it moves alongside with crypto crime.

The first stolen cryptocurrency (Ether) occurred in Argentina which led to the first criminal sentence. Since then, crypto crime has been an issue in relation to the crypto economy.

In 2018, the rate of crypto crime increased but its effects on the large market were just the tip of an iceberg.

Analysis done by Chainalysis in January 2019 shows that crypto crime has decreased over the past years with only 1 percent of all Bitcoin transaction in 2018.

In the crypto ecosystem, Hackers are the main issue. Hackers generate billions of dollars in support of criminal activities, scams, and fraudsters also targeting an individual’s investment and darknet in full support of illegal activities which tarnishes the image of the crypto society.

Whenever hackers hack a cryptocurrency, they waste no time in cashing out after the attack which makes it difficult to track all of their transactions.

Crypto crime in relation to cryptocurrency has a high impact on society negatively to be precise. Unfortunately, crypto coins are the main mode of payment for crime activities. Which makes it even harder to trace perpetrators.

Nowadays, Wallets are been generated for cryptocurrency which serves as an offshore bank account used by crooks, drug dealers and scammers which has slown down economic activities. This often affects society when converting cryptocurrency to dollars.

Cryptojacking shows a clear indication that crypto crime is taking over the crypto space in a sense that hackers intend to use someone’s else computer power (electricity) to mine cryptocurrency by getting the victim to click on the malicious link. Which cause financial loss to the society and the state as a whole.

Crypto crime controls the society in diverse ways both online and offline. Monetary loss from crypto crime has a high impact on cryptocurrency society.

As people find ways and means of protecting themselves, crypto criminals also develop new ways of keeping the illicit flow of their illegal activities. Which is a serious issue on ecosystem?

Crypto crime has taking advantage of the Internet by attacking information meant for modern society using the computer as a tool. Crypto crime involves blockchain fraud, hacktism, silk road, anonymity, cryptocurrency scam etc.

Officials of Law enforcement finds it difficult to fight these crimes. in this case, affecting society by costing billions of dollars annually to protect society.

Cryptocurrency investors are the most victimised within a society. They fall as a victim to crypto crime including computer viruses, identity theft and credit card fraud. They feel annoyed, angry, cheated, anxious and mostly blame themselves for being attacked.

In spite of what they go through after being attacked, most people within a society won’t change their behavior toward crypto crime unless they become a victim.

As time pass by, crypto crime has become business for crypto criminals driven by personal interest, billions of dollars have been discovered. Half a billion are nowhere to be found. More will be stolen without trace which is a threat to crypto society. So, a time will come where crypto crime will take over the crypto ecosystem. Am not predicting, but base on the activities that are still going on shows a clear indication that crypto crime is at its peak and will one day take over.

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The Predictable Coins That Never Plummets https://techcavit.com/the-predictable-coins-that-never-plummets/ Thu, 28 Mar 2019 21:05:07 +0000 https://techcavit.com/?p=505 The Predictable Coins That Never Plummets

For some time now, the rise and fall of most cryptocurrency have been an issue on the crypto market. Patterns of cryptocurrency vary with respect to time which makes trading more interesting. There are several crypto coins but just a few of them are predictable. Those that are unpredictable makes trading more difficult due to […]

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The Predictable Coins That Never Plummets

For some time now, the rise and fall of most cryptocurrency have been an issue on the crypto market. Patterns of cryptocurrency vary with respect to time which makes trading more interesting.

There are several crypto coins but just a few of them are predictable. Those that are unpredictable makes trading more difficult due to its value and characteristics in the crypto market. Crypto coins that are popular are likely predictable compared to those that are not. These are some of the predictable coins based on their value and characteristics in the crypto market.

Predictable coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS, Bitcoin cash (BTC), etc. turn to resist the loose of pattern in cryptocurrency market capitalization (Price Graph).

The first and well-known cryptocurrency (Bitcoin) has been on top of the hill for a long time. The rise and fall of its trend are quite straight forward and it is the first coin invented makes which makes it gain more popularity. Bitcoin is likely to be at its peak when there is less attention to it.

Whenever the money supply increases, the cryptocurrency value decreases. Therefore, paving a way for bitcoin to resist a high range fall in monetary value.

The next in line is Ethereum (ETH), well I call it the little brother of Bitcoin. Ethereum is one of the predictable coins with special features. Aside from being a cryptocurrency and a wallet, it is also a programming language running on its own blockchain. Where companies are using to build programs.

Due to its robustness and market value, Ethereum is the second largest market capitalization with similar price graph like bitcoin which makes it less resistance to sudden change in crypto trading. The unstableness in relation to market cap, the trend of Ethereum always moves along the previous and the new line irrespective of the change in market price. Which makes it unique and easy to predict.

The trend of Litecoin (LTC) is always quite predictable with a regular continuous uptrend and a clear downward trend which always moves it away from its resistance zone. It has a bullish potential to move with a certain range before it consolidates. Litecoin has an impressive double-bottom nowadays with an acute trend indicating a low or high move which can sometimes be frightful for Litecoin traders.

Ripple (XRP) is one of the predictable coins due to its potentials and clear trading style. Ripple always show signs of a historical trend. That is, it moves in a particular pattern which makes it easy for the crypto enthusiast to trade. Daily ripple chat shows that ripple has been exhibiting patterns which resemble its previous pattern.

It is clearly seen that the coins mention above have both trading range and clear trend at the same time which makes them special and its predictability always moving forward.

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Trouble Looming In The Blockchain Industry 2019 https://techcavit.com/trouble-looming-in-the-blockchain-industry-2019/ Mon, 25 Mar 2019 20:34:01 +0000 https://techcavit.com/?p=500 Trouble Looming Blockchain Industry 2019

In 2008 Satoshi Nakamoto deigned Blockchain to serve as a public ledger for cryptocurrency (Bitcoin). Which was the first digital currency to manipulate transaction without the need of centralized authority? As the world goes through a metamorphosis, technology grows alongside it. Blockchain, as we all know is an open source wallet which is distributed and […]

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Trouble Looming Blockchain Industry 2019

In 2008 Satoshi Nakamoto deigned Blockchain to serve as a public ledger for cryptocurrency (Bitcoin). Which was the first digital currency to manipulate transaction without the need of centralized authority? As the world goes through a metamorphosis, technology grows alongside it.

Blockchain, as we all know is an open source wallet which is distributed and controlled by decentralized activities that keep transactional records between two people. Blockchain contains cryptocurrency wallets which control all account activities such that transactions are verified to ensure that they are owned by an individual. In relation to this, blockchain technology is vulnerable to attackers. These are the top trouble looming blockchain industry 2019.

For some time now blockchain has gained a lot of attention in divers’ area, which also comes along with challenges and problems. Smaller blockchains have a higher risk level of been attacked since few miners use their computer power needed to control more than 50% is lower.

Hackers are able to hack into a blockchain when they produce more than 50% of the blockchains power, in view of this they can control all activities by modifying data, double spending attacks, stop the block from verifying transactions and prevent other miners from creating blocks, which means they have authority to decide which block is permissible. which apparently cause security issues.

One problem facing blockchain is Hard Fork issues which are related to the upgrading of nodes. Also known as a software upgrade. It involves a wide range of blockchain where new nodes are not compatible with the old nodes or old node does not agree with the mining of new ones. At the end of the process, the old node will still control the chain even though it has been upgraded which is not right.

The computing power of new nodes are always stronger than that of the old nodes but during the process of upgrading one chain becomes two, which is not supposed to be so. Which has become one of the major problems facing blockchain?

Blockchain can be private, that is individual can verify and check transactions and also taking part in the census. Bitcoin and Ethereum are the typical examples of public chain. Private blockchain, where nodes are restricted with strict authoritative management.

Not every node can take part in the chain and lastly consortium blockchain, which is related to business and can be private or public. Blockchain such as Bitcoin and Ethereum, every recorded transaction is available for someone to look at, well that doesn’t mean they see your identity.  The fact that a large amount of information can be displayed in the public domain is against the norms in relations to financial, healthcare and legal sectors which have the robustness to privacy requirement.

Ethical issues have been one of the major troubles looming blockchain industry. Cybercrime has been in the system since the invention of Bitcoin. It is clearly seen that the price of cryptocurrency has been on an increase due to criminal activities. With the use of the dark web, cybercriminals are able to undertake illegal activities such as selling of drugs, weapons, fraud and scam, information leak, child trafficking, and other banned activities anonymously with bitcoin and untraceable transaction to money launders.

It is clearly seen that none of these problems in the blockchain industry has straightforward answers in solving them which limit the usefulness of the blockchain. Due to these problems looming in the blockchain sector, it makes it difficult to predict capacity accuracy.

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EOS Rank Fifth Cryptocurrency As Being Supported By LUMI Wallet And MINERGATE https://techcavit.com/eos-rank-fifth-cryptocurrency-as-being-supported-by-lumi-wallet-and-minergate/ Mon, 25 Mar 2019 20:25:04 +0000 https://techcavit.com/?p=497 EOS Rank Fifth Cryptocurrency As Being Supported By LUMI Wallet And MINERGATE

Electronic-Optical System popularly known as EOS was designed by a private company known as block.one and was released as open-source software on 1st June 2018. EOS.IO is a blockchain where its protocol is controlled by the native cryptocurrency called EOS. Its attributes involve real computer GPU(s), RAM, hard-disk storage and CPU(s) for processing with computer […]

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EOS Rank Fifth Cryptocurrency As Being Supported By LUMI Wallet And MINERGATE

Electronic-Optical System popularly known as EOS was designed by a private company known as block.one and was released as open-source software on 1st June 2018.

EOS.IO is a blockchain where its protocol is controlled by the native cryptocurrency called EOS. Its attributes involve real computer GPU(s), RAM, hard-disk storage and CPU(s) for processing with computer resources distributed among EOS cryptocurrency holders.

EAOS runs on a model known as the decentralized autonomous corporation which performs millions of transactions per second and eliminate transaction fees. For it to gain popularity, the native cryptocurrency gave out 1 billion tokens at the launch of it blockchain as ERC-20 by block .one.

Lumia wallet has been in the system for some time now, their cryptocurrency wallet supports the storing of different types of cryptocurrency. It is an admirably secure user-friendly cryptocurrency wallet which supports most popular cryptocurrencies such as Bitcoin, Ethereum etc.

It has client-side private storage. Which was founded and released in 2017 by a cryptocurrency geek, Lumi wallet private keys are designed on the client side which has no connections to Lumi company, this shows that the company has no statistics or information in relation to the user’s wallet. the system is designed in such a way that if it’s been attacked by hackers or fraudsters user’s wallet will still be secure.

MinerGate is a mining pool, public mining pool to be precise. Where people use the power of their computer to increase the hashing power to support other miners. Their interface is downloadable where you can mine your favourite cryptocurrency.

In 2018, the team of MinerGate introduced its own EOS block producer into the company. The team has experience in building a highly loaded gadget for cryptocurrency and blockchain. MinerGate has its own software solutions and also a full-scale project developer.it has a record of 3,600,000 active users worldwide 10 active mining pools for various cryptocurrencies.

Lumi wallet seeks to enlarge its product by collaborating with MinerGate team as a long-term strategic partner in order to create new products. In view of this, EOS and token will be added to the partnership based on Lumi Wallet.

This partnership will increase the boundaries for the development of Lumi wallet which will merge the process of developing MinerGates EOS ecosystem. This will allow Lumi wallet to have full access to the main wallet while operating EOS within the ecosystem of MinerGate.Due to this partnership, EOS has gained much attention making it possible to be part of the top five cryptocurrency in the blockchain industry.

Now that lumi wallet is operating in full support with MinerGate, EOS users can now manage EOS and EOS tokens on their account as well as EOS powered dapps. Lumi in collaboration with MinerGate will continue to promote and popularize EOS blockchain till it reaches the top.

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