#Cryptocyclopedia

What the Rise of Quantum Computing Spells for Cryptocurrencies

May 28, 2019 by Ashwath Balakrishnan at Cryptocyclopedia, Tech

The effects of quantum computing on cryptocurrencies is bound to have a huge effect on network security. With the exponential increase in computing capabilities, the efficacy of brute force attacks massively increases. Despite slow development, the risk is real and needs to be discussed - so when should you start...

Ethereum in a machine of cogs Dapp and bank-threatening ideas

Ethereum’s Decentralized Finance Ecosystem: A Legitimate Threat to Traditional Banking

May 27, 2019 by Ashwath Balakrishnan at Cryptocyclopedia, Ethereum

Decentralized finance (DeFi) is the newest trend to ride on in the blockchain ecosystem. Ethereum alone boasts a number of different financial services, of which the likes of MakerDAO and 0x Protocol are already scaling to the top of the DeFi mountain. In this write-up, BTCManager explores the intriguing world of decentralized...

Person Giving a How To Guide for Avoiding Scams

The Big Book of Crypto Scams: Giveaways

May 26, 2019 by Tokoni Uti at Cryptocyclopedia

Scammers are going to various lengths to get ahold of other peoples’ crypto, from impersonating Elon Musk to hacking official accounts. Anyone who has been in the crypto industry for a while, whether as a service provider, consumer, or enthusiast is likely aware of the variety of scams that exist...

Deep Dive: What is Ravencoin?

May 22, 2019 by Aisshwarya Tiwari at Altcoins, Cryptocyclopedia

Comfortably nestled among the top 50 cryptocurrencies on CoinMarketCap, Ravencoin (RVN) is one of the more exciting crypto projects in the industry. The cryptocurrency, whose name is inspired from the small black birds in George R. R. Martin’s fictional world of Westeros was one of the strongest performers during the...

Eating a delicious blockchain burger blue

You Are What You Eat: The Place of Blockchain in the Future of Food

May 21, 2019 by Tokoni Uti at Adoption, Blockchain, Business, Cryptocyclopedia, News

As food producers and restaurants come under scrutiny for their quality and content, blockchain has found itself in a whole new emerging market in the form of food tracking. Universally Eating Across cultures and countries, one thing that is consistent between human beings from all walks of life is food....

Two Hands Holding a Block with a Lightning Bolt inside

Scaling Bitcoin: Is the Lightning Network a Viable Solution?

May 20, 2019 by Ashwath Balakrishnan at Adoption, Bitcoin, Blockchain, Cryptocyclopedia, Development

In laymen's terms, the Lightning Network (LN) is a protocol built on top of the Bitcoin, Litecoin, and Monero blockchains; these protocols are called "layer two protocols" because they run on top of an existing network. By moving away from the main chain, layer two protocols help the overall network...

Green Hacking hands sparking a mining rig

Hackers Exploit Confluence Vulnerability to Plant Crypto Mining Malware

May 13, 2019 by Ogwu Osaemezu Emmanuel at Crime, Cryptocyclopedia, Cybersecurity, Mining, News

As bitcoin (BTC) and other digital assets keep growing in value and use case, cyberpunks are also upping their game with each passing day, formulating new ways of enriching themselves with ‘dirty crypto.’ In the latest scenario, hackers have found a way to seed cryptojacking malware, as well as other...

Blockchain Reorgs: Historical Effect and Differing Perspectives

May 13, 2019 by Ashwath Balakrishnan at Bitcoin, Blockchain, Cryptocyclopedia, Exchange, Tech

After the recent Binance hack where the exchange lost $40 million, Jeremy Rubin made a blockchain reog suggestion to Chanpeng Zhao, CEO of Binance. Jeremy Rubin, who is deeply involved in the MIT Digital Currency Initiative, spoke to Zhao over his live stream where Zhao was describing the hack and...

Construction Workers Pitching up a Sign that Says No Crypto

State of Cryptocurencies and Blockchain Technology in India

April 30, 2019 by Ashwath Balakrishnan at Adoption, Bitcoin, Blockchain, Business, Cryptocyclopedia, Regulation

After the recent announcement of a bill that will potentially ban virtual currency in India, BTCManager has summarized reports from the Reserve Bank of India (RBI) and the litigation surrounding the current blanket ban. Gaining Legitimacy Until early 2017, cryptocurrency was merely an intriguing technology for a handful of engineers...

U.S. Federal Court Defines Cryptocurrencies as Commodities

All you Need to Know about the Token Taxonomy Act

April 18, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Commentary, Cryptocyclopedia, News, Regulation

The tax treatment of cryptocurrencies has been a matter of constant back and forth since their inception. On one end, regulators argue that digital currencies are no different than traditional equity stocks which put them in the same bag as government-approved securities. Conversely, crypto evangelists and lobbyists opine that cryptocurrencies...

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