#Cryptocyclopedia

Lightning Network capacity increases by 10 BTC in two days, total now at 50 BTC

A Brief Guide on how to Create Lightning Network Invoices

April 1, 2019 by Nuno Menezes at Altcoins, Bitcoin, Cryptocyclopedia, Development

In this article, BTCManager will go through the information contained in a Lightning Network invoice and do a quick recap of how to create an invoice using Bitcoin’s Lightning Network. Lightning Network Invoices Being able to create invoices on the Lightning Network is a novelty that was only recently made...

An Introductory Guide to Hashed TimeLock Contracts

April 1, 2019 by Toju Ometoruwa at Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Tech

Smart contracts are central to the idea of creating decentralized communities where wealth and information can be exchanged under predefined terms without centralized intermediaries moderating the exchange. One type of smart contract that is gaining lots of attention is the Hashed TimeLock Contract (or HTLC). Hash locks are a type...

Adjourned but Not Dismissed: Is Blockchain’s Takeover of the Legal Industry Inevitable?

March 31, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Commentary, Cryptocyclopedia

Blockchain technology, in its relatively short history, has bulldozed through a number of industries to make their operations more transparent, quick and efficient. Some of the sectors where this emerging technology finds use-cases include supply chain management, real estate, finance, and medical, among others. Although the technology continues to find...

How Crypto and Blockchain Lobbyists Are Doing Their Bit to Propel the Industry

March 25, 2019 by Aisshwarya Tiwari at Blockchain, Cryptocyclopedia, Finance, News, Regulation

For every emerging industry to taste mainstream success, support from the existing government regimes is a must. To put weight on this claim, one need not look any further than the Internet during the 90s. During the last decade of the 20th century, when the Internet was still very much...

DestroyerDAO Blending Mashing Destroying Green GoldCrypto

A Crypto Warpath: What is DestroyerDAO?

March 22, 2019 by Alex Lielacher at Altcoins, Cryptocyclopedia

A new cryptocurrency project, called Destroyer DAO, is attempting to clean up the cryptocurrency space. Through an interesting combination of two distinct features, proof-of-burn, and a DAO, the new project hopes to destroy valueless "shitcoins." Too Many "Shitcoins" With the tagline "Burn shitcoins and create a unified shitcoin ecosystem", DestroyerDAO...

What Are Initial Exchange Offerings (IEO)?

March 20, 2019 by Tom Nyarunda at Altcoins, Business, Cryptocyclopedia, Exchange

The ICO's heyday in 2017 saw various digital assets emerge only to crash in 2018 thanks to the bearish crypto market. ICOs raised billions of dollars in a relatively short time and brought the crypto market cap to over $800 billion before it fizzled out. As the ICO candle was...

What Is Surveillance Capitalism and How Does Crypto Resolve it?

March 20, 2019 by Toju Ometoruwa at Altcoins, Bitcoin, Blockchain, Business, Cryptocyclopedia, Development, Ethereum

One of the most important narratives in the crypto space has been its stand against centralization. In today’s globalized economy, where different cultures and ethnicities rapidly consolidate around the same interests in technology, social media, and free services, there is an alarming sense that Internet use is becoming more centralized,...

Presenting NodeStats: The One Stop Shop for Ethereum Node Metrics

March 19, 2019 by Aisshwarya Tiwari at Blockchain, Cryptocyclopedia, Development, Ethereum, Exchange, News

Despite the number of smart contracts platform beating well above their weight, it cannot be denied that Ethereum continues to be the most popular platform to fidget with decentralized ideas in the true sense of the term. The meteoric rise in popularity of Ethereum has spurred the growth of industry and...

The Internet Comes of Age with Web 3.0

March 19, 2019 by Aisshwarya Tiwari at Adoption, Cryptocyclopedia, Development, News, Tech

The term “web 3.0” has been making rounds in the Internet community for quite a while. Many paint the picture of web 3.0 as the next phase of the Internet which will take the world by storm. Understanding this buzzword is a lot easier compared to other Internet phenomena like...

How To Keep Your Bitcoin Investment as Private as Possible

Crypto Privacy Part 2: Zcash vs. Monero

March 18, 2019 by Toju Ometoruwa at Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Development

In the first few years of Bitcoin’s existence, one of the features that attracted the most attention from early advocates was the ability to make private transactions. Bitcoin’s Privacy Woes In a financial system where banks, businesses and government authorities heavily monitor consumer purchases, the ability for one to vanish...

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