SHARE
← Back to articles
SHARE

Alice in Cryptoland

September 7, 2017 5:57 pm Published by

Kryptonite is not only an alien mineral with the property of depriving Superman of his powers, but Criptonite (XCN) is actually a known digital or crypto-currency. Based on Bitcoin, Criptonite is not precisely a coin exclusive to Superman, but XCN implements the mini-database scheme that is designed for maximum scalability, among other features. Going deeper down the cryptohole many other characters are found such as melons, squirrels, ether also called quintessence, the invisible man and time travellers.

Melons

The Melon character is a blockchain protocol for digital asset management on the Ethereum platform. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralized manner, in a way that reduces barriers to entry. The usage token is called Melon (MLN) like the fruit and is designed to enjoy a usage right to the Melon protocol.

Squirrels

HOdlcoin (HODL) which uses the symbol of a squirrel holding HODL “bitnuts”, is indeed a crypto-currency character just like Bitcoin, but it pays interest on every balance. This is to recognize the importance of HODLers and properly reward HODLing. Very high interest rates (4000%+ annual percentage rate-APR) are paid in the first few months to attract early adopters to the squirrel’s project.

Ether Also Called Quintessence

Ethereum is a decentralized platform that runs smart contracts. Smart contracts are applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In the Ethereum blockchain there is a price for each operation. The crypto-currency character behind is called Ether (ETH), and is used to pay for computation time and for transaction fees in this platform.

The Invisible Man

CloakCoin (CLOAK) is a character introduced with the aim of enabling people to use a coin that would provide total privacy. This coin has added clever layers of communication and a sophisticated off-blockchain coin mixing system making it impossible for 3rd parties to trace transactions between CloakCoin wallets. In other words, this is the exclusive coin of the invisible man.

Time Travelers

Reversecoin is the first crypto-currency character claiming to have the ability to reverse transactions. This suggests that this coin can indeed travel back in time. It is claimed that for a configurable period of time the transactions can be reversed, after which they get confirmed.

However, the most exclusive characters of Cryptoland we can find are the wonder, mystery and fantasy. And, of course, Bitcoin.

The case for Stablecoins

Cryptocurrencies pegged to a stable asset (often a traditional currency), are known as stablecoins. These are considered “the holy grail of crypto” by some enthusiasts; however, the most common use case for stablecoins is as a liquidity tool for cryptocurrency exchanges. Many exchanges are denied access to traditional banking because banks are often wary of… View Article

The great mystery of currency exchange

Most of us are familiar with the task of exchanging currencies, but understanding the intricacies involved can be a challenge. Currency exchange appears to be a relatively simple transaction; in fact, the mechanics are quite complex. To help make things clearer, here’s an explanation of a few basic terms that will help you get to… View Article

How Singapore is becoming a crypto-hub

When it comes to cryptocurrency adoption, the Asia-Pacific region is way ahead of the curve. The likes of South Korea, Hong Kong, China and Japan were early adopters of crypto and blockchain technology; now, Singapore is quickly emerging as a world leader in the mainstream adoption of digital currency. Regulatory Stance The Monetary Authority of… View Article

ICO image
Why Wirex is not an ICO

Initial Coin Offerings (ICOs) have received a lot of press but not always for the best reasons. Experts estimate that over 80% of ICOs have fraudulent intentions. Unfortunately many people tend to associate any company that works in the crypto space with ICOs, and this may have a negative effect on the entire industry. So,… View Article