Author: Embat

Ethereum – The World Computer

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project...

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How fair is Yobit Exchange

HOW FAIR IS YOBIT EXCHANGE Introduction Do you really know how US and EU crypto currency exchanges work? Everything looks fair or fair enough. If you don’t have some experience in trading or you are just a newbie you’ll not notice anything unusual. But in fact every crypto exchange has well built trading bot system. When bad news are on air selling bots are active. If something good happens buiyng inertia is fueled by the opposite bots. Sometimes bots work together to keep the rates. By the way Mr.Gox used two algorithms, named Willy and Marcus. They bought around...

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Where is the Xaurum?

Remember the old classic song “It’s the most wonderful time of the year”? It looks like hackers think exactly the same way. One week after Yahoo reports hacking we have another breach – this time the “happy winner” is Xaurum (XAUR). Xaurum is a digital asset using Ethereum Token System. It is ranked 35th in CoinmarketCap standings and Xaurum value is covered by gold. Xaurum was independent currency, but earlier this year migrates to ETH Blockchain and performes a split. On 25th of December a user of bitcointalk.org with nickname kaicryptzen published: XAUR/BTC pair just vanished from c-cex, I assume they might be...

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The Legacy of Satoshi Nakamoto in 10 commandments – inspired by the Bible

1.  I am the One, who took you out of the banker’s hands of prey and brought you to the Blockchain. For this you owе me nothing. 2.  You shall make for yourself carved images, accessories, paintings of me (I really hope there will be at least one fan shop – come on), but do not expect me to give you an autograph. I can be everywhere – on a lonely island, at home, next to you, or in chat with Vitalik (Do not distrub me before 9:00 pm). By the way for hating me I am not going...

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Can you stop the freight train

It looks like the father dragon is angry again. Congratulation Bitcoiners, another wall is broken. The train skips some stops and continues its accelaration. All alts lie on the railroad… again. In this moment bitcoin price is 829.27 USD according to CoinmarketCap. What’s next – mercy for alts or another march up,  nobody knows and nobody cares right now, because we have historical rise in bitcoin price. If this is not hot then what? Bitcoin price smashes 800 USD level for the first time since February 2014 and this time makes it to look  so easy. I think more and more people...

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