20 votes
Accepted

Are Monero Transaction Anonymous?

Short answer: yes, it will be anonymous Long answer: The following applies to all Cryptonote based coins, unless stated otherwise: On the blockchain, all addresses are one time addresses. In ...
user36303's user avatar
  • 786
17 votes

When bitcoin forks, how do they decide which fork gets the original name?

One might think that the network maintaining the same consensus rules would be considered the original, and the project introducing a consensus rule change and thus creating a new network would be ...
Murch's user avatar
  • 75.4k
14 votes
Accepted

Why is it harder to compute nonce for a hash with a certain number zero prefixes than it is for any other hash?

A hash is 256 bits long, so there are 2^256 possible hashes in the hash space. But if you assert that the hash has to begin with a 0, that halves the number of hashes that are allowed (and thus ...
meshcollider's user avatar
  • 11.8k
11 votes
Accepted

What is Steem and Steemit?

Steem content is rewarded based on a voting system, described well here: https://steemit.com/steem/@smooth/voting-is-a-popularity-contest Not that payment is made in Steem not fiat and Steem value ...
Rudolf Harrison's user avatar
10 votes
Accepted

What percentage of altcoins are based on Bitcoin?

Map of Coins is a great resource for this. As of May 2016 they are tracking a total of 710 cryptocurrencies. Of those, 667 are based on Bitcoin's code, which is 94%!
Кира Кисловская's user avatar
9 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

I find this article convincing in its analysis of the dynamics between Bitcoin and competing networks: The Coming Demise of the Altcoins To summarize briefly, the author suggests: The utility ...
Murch's user avatar
  • 75.4k
9 votes

What are the differences (and value adds) among all the different Crypto Currencies?

99% of altcoins claim an "innovation" that is broken or unproven. I would say that the first thing to do is look at unique codebases that aren't based on Bitcoin, which basically means (besides ...
Нонн Болдырев's user avatar
9 votes

How can forks coexist even though only one of the is the longest chain?

For one, Litecoin is not a fork of Bitcoin. It relies on the same base code, but it is a separate network, and they do not share the genesis block. Bitcoin Cash is a true fork of Bitcoin, in the ...
Raghav Sood's user avatar
9 votes
Accepted

What was the first altcoin?

Litecoin was not the first altcoin. It actually uses ideas for altcoins that precede it but had died before it was created. This is mentioned in its announcement thread on bitcointalk.. The very first ...
Ava Chow's user avatar
  • 70.5k
8 votes

Should I start to buy OneCoin?

Onecoin is not only a scam it is a criminal organization. The have stolen a lot of money from their customers. http://rettit.no/mrbitcoin/index.php?title=OneCoinSCAM
Bjorn Bjercke's user avatar
7 votes

What are the differences (and value adds) among all the different Crypto Currencies?

A very large majority of these altcoins are essentially scams. There is a cottage industry that takes a coin, changes something minor (name, logo), and releases it with great fanfare, enticing people ...
user36303's user avatar
  • 786
7 votes
Accepted

Determine address balance using bitcoin core

AFAIK, this can't be done in any reasonable way with Bitcoin Core and its derivatives. The only way I know to do it with Bitcoin Core is to use importaddress or importmulti to add your address(es) to ...
Nate Eldredge's user avatar
6 votes

how is Proof of Burn policed to prevent simultaneous buying into multiple alt currencies?

One approach to proof of burn is that you burn coins by sending them to a particular address specified by the altcoin. For instance, with Counterparty, you could collect XCP by sending bitcoins to ...
Nate Eldredge's user avatar
6 votes

What was the first altcoin?

As described by Ava Chow, Namecoin was the first altcoin created as such. It was announced on 2011-04-18. However, according to the topic "Testnet version history" the Testnet1 was reset ...
Murch's user avatar
  • 75.4k
6 votes
Accepted

What are the last common blocks of Bitcoin and its hard forks (Bitcoin Cash, Bitcoin SV etc.)?

Here listed only the top 4 forks by market cap (on 2023-10-12). Name Symbol Market Cap Fork Date / Forked From Last Common Block with Bitcoin Bitcoin BTC $523.0bn N/A N/A Bitcoin Cash BCH $4.2bn ...
bca-0353f40e's user avatar
  • 1,025
5 votes

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

Bitcoin was the first, the most well known and thus has the most network effect. The network effect is extremely important and there are examples were better technologies lost to the competition ...
karask's user avatar
  • 2,540
5 votes

Cryptocurrency with small block size limit or large block time

I am not aware of any cryptocurrency that has block times of greater than 10 minutes, but I am very familiar with the desire to limit growth of the block chain. Monero recently increased its block ...
studycrypto's user avatar
5 votes

How do you make a coin resistant to soft forking?

You can't prevent miners from enforcing more rules than the rest of the network is. However, to actually turn that into a soft fork, a significant portion of the network also needs to start enforcing ...
Pieter Wuille's user avatar
5 votes

Why is it harder to compute nonce for a hash with a certain number zero prefixes than it is for any other hash?

Finding a hash that is less than the target requires more work (not harder, there is nothing that makes hashing harder to do), i.e. more hashes. This is because there are more numbers with more digits ...
Ava Chow's user avatar
  • 70.5k
5 votes
Accepted

Is there a list of coins that are bip-32 compatible?

Bip-32 allows me to dereive keys based off a root key pair, and all these keys will be on the secp256k1 curve. This is actually not true. The BIP32 proposal simply states that (emphasis mine): In ...
Raghav Sood's user avatar
5 votes
Accepted

What Satoshi Nakomoto quotes are there in relation to forks and altcoins?

I think thats too much of an open ended and broad set of multiple questions to be answerable here but you can find the complete public writings of Satoshi Nakamoto using a search engine. I think ...
RedGrittyBrick's user avatar
4 votes

How to dump all of addresses from wallet.dat for other alt-coins?

now you can use bitcoin-cli dumpwallet command to export all your privkeys
cifer's user avatar
  • 151
4 votes

Any Innovations in altcoin tech for Bitcoin’s Script language?

Bitcoin Cash is a code and blockhain fork (blocks 0 to 478558 are the same on both blockchains) which did the following upgrades to Bitcoin Script VM: 2017 Malleability fixes Mandatory use of ...
bca-0353f40e's user avatar
  • 1,025
4 votes

How to prevent ASIC mining for my new altcoin?

Are there any steps which I should include in my altcoin's mining algorithm to prevent ASIC mining? That's not really what you should be asking. You should be asking, "Can someone design an ASIC ...
Nick ODell's user avatar
  • 29.4k
4 votes
Accepted

What are sidechains and drivechains?

Sidechains are supposed to make it possible for users to move bitcoins between different bitcoin-based blockchains with different rule sets. For example, in this way, new techniques for preserving the ...
Bonpay's user avatar
  • 56
4 votes

Requirements of own cryptocurrency?

You will need a lot of experience and knowledge in many areas including cryptography, networking, programming, economics, and a lot of research into cryptocurrencies themselves before you'll be able ...
meshcollider's user avatar
  • 11.8k
4 votes
Accepted

Trading bot - what is the maximum load an exchange server can take?

Finally, after 7 days of waiting, I got this answer from Bittrex: Your account has been re-enabled. "Your account was disabled for API-ABUSE. Please refrain from making more than 1 request per ...
reboltof's user avatar
4 votes

Telegram channels can pump a coin by 50%-200%

Most of these so called pump and dump groups are illegitimate or downright scams. They usually only work for the inner group and the promoters who want to get you to join. The scam works by buying ...
Craig Davison's user avatar
4 votes
Accepted

Altcoin Genesis block fails after changing block reward

Looks like amount is a part of block information influencing hashes. Try to debug or log resulting hashes before assert: logging.info("Genesis Block Hash " + consensus.hashGenesisBlock); logging.info(...
Oleksandr Stepaniuk's user avatar

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