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Showing posts from December, 2019

The Monero Market Potential Explained

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In a landscape that is populated by several projects with similar objectives and use cases, Monero clearly is a departure from the norm in the cryptocurrency space. Luckily, in our world today, the need for anonymity cannot be completely avoided in many facets of life. Having a crypto that meets the yearnings of a class of users with a specific expectation is a marked move that is proving worthwhile for the inventors of XMR. Although there are challenges that Monero faces in certain parts of the world, there exists enough market to serve investment enthusiasts. Why Was Monero Invented? Monero was made and designed for cryptocurrency users who are all out for anonymity. While many people do not bother about the public status of their transactions, there are others who really care about what shows up in the public space. It is to meet the need of people who do not want their transactions open to public scrutiny that Monero was launched. Interestingly, Monero was

How Kraken Cryptocurrency Exchange Is Making A Difference

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Kraken was set up in 2013 in the U.S. and it has grown in leaps and bounds since then. It presently ranks as one of the trusted crypto exchnages and commands respect and a userbase that rivals the likes of Coinbase and Binance. Since Kraken was Powell’s first open foray into blockchain ventures, there’s little to relate the exchange with his previous work, and very few specific companies to tie it to. However, as usual with crypto exchanges, Kraken is closely related to the main players on the field, such as Binance or Coinbase. Kraken’s success and features affect those of its competition, and all ventures its competition get into affect Kraken in turn. A specific exchange that Kraken is most related to is Mt. Gox, a now-closed crypto exchange that boasted being the largest exchange in the world.  By 2013, it was believed the exchange handled 70% of all Bitcoin transactions , making it notoriously larger than any other exchange before and since then. The excha