The Price of Financial Privacy If we consider that most cryptocurrencies – including Bitcoin – are pseudonymous, then the role of privacy coins becomes particularly interesting. Transactions are public, so chain analysis firms like Chainalysis and Elliptic are increasingly effective at linking wallet addresses to real people. In contrast, privacy coins like … Read more
As expected, the team behind Monero (XMR) is firmly committed to standing by its users and miners, and doesn't want ASIC machines to take over. The Bitmain Antminer X3 mining machine built on the CryptoNight algorithm was thus practically (from the perspective of the more worthwhile XMR coin) condemned to death the moment it was announced. I think that with this … Read more
Now, just a few days after the announcement of Bitmain's Antminer X3 CryptoNight algorithm ASIC machine, legitimate concerns are emerging in more and more places that by the time the machine would arrive, we could basically throw it straight in the trash. But why? 😀 Because here comes the Monero (XMR) Hard Fork, which tries to resist these … Read more