Connect with us

Altcoins

Stellar Price Spiked About 9% After Binance’s Tweet

June G. Bauer

Published

on

Stellar Lumen’s (XLM) price jumped about 9% just after Binance’s Tweeted about adding support to Stellar staking.

XLM price at the time of writing

Binance exchange is adding support for Stellar (XLM) staking, starting from July 20th, 2019. This comes a day after Poloniex distributed over 1.2M Stellar Lumens it’s customers via Stellar inflation rewards.

Binanse will also launch a 9,500,000 XLM Initial staking reward airdrop. The first distribution of XLM staking rewards will be on September 1st, 2019. The disbursal of the additional 9,500,000 XLM airdrop will coincide with the first distribution of XLM staking rewards, in accordance with users’ average daily holdings.

What is Stellar?

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency.

Stellar USD price chart for the last 7 days:

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek.

Continue Reading
Advertisement
Comments

Altcoins

A Major European Airport Hit By a Monero Mining Malware

M. Ali

Published

on

By

Monero-Mining-Malware

Unnamed major European airport was hit by a Monero mining malware that infected more than half of the airport’s workstations to secretly mine Monero cryptocurrency.

Cyberbit, a cyber security firm revealed in a blog post that the malware mining attack was discovered by Cyberbit’s Endpoint Detection and Response team while deploying their security solution that detected suspicious activity on some airport systems.

The malware used Reflective Dynamic-Link Library (DLL) loading to inject malicious DLLs into a host process running in memory without using the Windows loader and completely bypassing the infected systems’ hard drives.

The malware installed xmrig Monero miner to stealthy mine cryptocurrency on the infected machines.

Continue Reading

Altcoins

Monero Will Implement RandomX Algorithm to Combat ASIC Miners

M. Ali

Published

on

By

Monero-XMR-RandomX

In an effort to combat ASIC miners, Monero (XMR) will be changing its mining algorithm in late October to RandomX.

Monero is currently using CryptoKnight algorithm, which is a proof-of-work hashing algorithm originally designed by the Bytecoin and CryptoNote developer teams.

CryptoKnight algorithm was chosen by Monero team as CryptoKnight was originally designed to accommodate CPU and GPU mining and it was difficult to create ASIC miners for it.

According to Jordan Clifford of Monero, Rumors emerged that BitMain controlled a significant share of Monero’s hash rate by developing CryptoKnight ASICs. Developers alerted the community and efforts to change the hash function began.

The Monero research team began investigating how they could design a hash function that runs more efficiently on CPUs than on specialized hardware. In the meantime, it was decided the threat required an interim solution. CryptoKnight-R (v4) is currently used.

The team is now ready to launch RandomX. It uses the current block and data from a key block (every 2048 blocks) to produce a set of random programs and input that need to be executed together. The output from the programs is then fed into Blake2 to produce a final hash result

What is RandomX?

RandomX is a proof-of-work (PoW) algorithm that is optimized for general-purpose CPUs. RandomX uses random code execution (hence the name) together with several memory-hard techniques to minimize the efficiency advantage of specialized hardware.

According to RandomX’s developers, RandomX can operate in two main modes with different memory requirements:

  • Fast mode – requires 2080 MiB of shared memory.
  • Light mode – requires only 256 MiB of shared memory, but runs significantly slower

Because RandomX is optimized for general-purpose CPUs, the network will become more decentralized and egalitarian in the distribution of block rewards.

RandomX was developed for Monero by tevador, hyc, vielmetti, antanst and SChernykh. Wownero (Which is a a Monero fork) is also launching RandomX in their upcoming v0.6 update and will call it RandomWOW.

Monero XMR USD Price Chart

Continue Reading

Altcoins

Binance.US Adds Dash Coin

Sying Tien

Published

on

DASH-is-added-to-binance

Binance.us, the US division of the Chinese cryptocurrency exchange Binance, announced that it has listed Dash (DASH) coin on its platform. Dash trading will be available today at 9:00pm EST.

Currently Binance.us supports 14 coins: Bitcoin (BTC), Bat Toekn (BAT), Cardano (ADA), Bitcoin Cash (BCH), Binance coin (BNB), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), ChainLink (LNK), Ravencoin (RVN), Stellar Lumens (XLM), Ripple (XRP), 0x (ZRX) and lastly DASH.

Binance.US, is a digital cryptocurrency marketplace for Americans operated by our local U.S. partner, BAM Trading Service.

Whats is DASH Cryptocurrency?

Previously known as darkcoin, is a cryptocurrency designed specifically for payments. Dash is a peer-to-peer decentralized electronic form of payment, which is free from centralized regulations, such as bank or government authority, and allows users to transact anonymously. This currency was inspired by cryptocurrency leader Bitcoin, but with a couple of major differences.

DASH/BTC Price Chart

Continue Reading

Popular