What's the next biggest crypto?

Discussion in 'Digital Currencies' started by Eliassamaha, Jun 1, 2017.

  1. SilverDJ

    SilverDJ Well-Known Member

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    https://coinmarketcap.com/gainers-losers/
    Click on the 7 day. But you get a ton of nothing coins in the noise.

    You can just follow the daily top performers on CoinSpot in Australia for the more mainstream coins:
    https://www.coinspot.com.au/tradecoins
    It shows the 6 biggest daily movers. If you just glance at that every day for a few seconds you get a good overview over time as the similar ones pop up again and again.
    upload_2020-5-17_21-37-23.png
    LBC has a been solid performer, up over 500% this month.

    Also here, but in only shows a dozen major ones:
    https://www.barchart.com/crypto/performance-leaders?viewName=chart&timeFrame=1m
     
    Last edited: May 17, 2020
  2. inmizu

    inmizu Active Member

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    Call me a cynic, but I'd class Qoin as the exact opposite of a crypto!

    https://qoin.world/

    It's a JP Morgan, Microsoft, Amazon product. It's ' . . . a regulated non cash payments product approved as Authorised Representative number 1279598 of Australian Financial Services Licence (AFSL) number 494176.'

    After you've looked over a few (dozen) of these, you get really cynical: pictures of smiling folks in well-lit rooms scattered with laptops, and texts in doesn't-quite-actually-say-anything English:

    'We believe that all people should have the equal opportunity of success. Every individual should have the ability to grow their own wealth. We have designed a digital community without barriers offering everyone the potential to earn, grow and enhance themselves and their families.'


    And now, just to help those interested in learning the ABCs of real cryptos, here's a gander at where you'd normally start, a crypto's specs. Do pardon, we'll use a boutique instrument I'm fond of:

    Specifications

    Max money: 42 coins
    Transaction confirmation method: PoW+PoS
    Transaction type: Public & Private
    Number of transaction confirmation: 7
    Number of block confirmation: 42

    PoS reward: 0 - tx fees // makes 42 deflationary
    Min stake age: 42 hours
    Max stake age: Unlimited
    PoS target spacing: 7 minutes

    PoW algo type: Scrypt
    PoW reward: 0 + tx fees
    PoW target spacing: 21 minutes

    Default Listen Port/Port to open: 4242

    Source: https://github.com/42-coin/42
    Wiki: https://en.bitcoinwiki.org/wiki/42-coin
    Website: https://42-coin.org


    This info is from page one of a Bitcointalk 'ANN thread.' The citizens of Planet Crypto expect that a crypto offers basic details of itself right up front: algorithm, number of units in the currency, where it's traded, who the devs are, etc.
     
    Last edited: May 18, 2020
  3. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    ^ I dont get why you would want to do POS or POW if the reward is 0 @inmizu .
    Am I missing something?
     
  4. inmizu

    inmizu Active Member

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    'I dont get why you would want to do POS or POW if the reward is 0 @inmizu .
    Am I missing something?'

    Perfectly reasonable query!

    The miners get transaction fees (which at present wouldn't cover your 'leccy cost . . . ).

    And ya really gotta have a lot of coin to make any money at staking (for coins that reward staking, which 42 does not).

    But overall, considering your time and the cost of your Net data and equipment, running your wallets is a tiny contribution, and almost a sort of point of pride for long-timers -- that's 'full-blockchain wallets,' not 'lite clients.' I run full-blockchain QTs for Peercoin, GRS, and 42. And I usually got one or the other running if I'm on-line.

    And one of the strange realities that's come into being, S.P. is: originally, before the explosion of altcoin numbers, being a trader was . . . sorta frowned on. But trading-volume has become soooo much a part of a healthy crypto's system that those who dev on a coin almost certainly trade that coin. And profits from trading are ultimately (assuming you're any good at it . . . ), a bazillion times greater than what's 'lost' from not getting PoS or PoW rewards.
     
  5. crewy

    crewy Member

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  6. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Zcash is fine - been around for quite a while and always entrenched in the Top 50

    Zcash, Monero and even Dash are all privacy based coins with long-standing history, but just ask yourself why you think investing in it will be good for you, and as always do your own research

    Have a look at what they've done, what they're doing and what they plan on doing etc
     
    crewy likes this.

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