Category: Learn Crypto

  • ArcadeLand – The Ultimate Gaming Metaverse

    ArcadeLand – The Ultimate Gaming Metaverse

    ArcadeLand is placing back control in the users’ hands – the gamers, the builders, the visionaries – with the Ultimate Gaming Metaverse. Hundreds of top-quality games, advanced cross-platform avatars with NFT wearables, and a blockchain-optional UI to make ArcadeLand’s platform easy to use. Welcome to the Ultimate Gaming Metaverse!

    ArcadeLand is Coming, Why Do You Need It?

    ArcadeLand sees the Metaverse as the natural evolution of the web experience in terms of socializing, gaming, exploring, and learning. While it took nearly a decade to catch on, the world-wide-web quickly gained significant market share while antiquated competitors in the areas of postal, television, newspapers, education, entertainment, and gaming either adapted or were left behind by the new companies that embraced this technology. 

    For example, what happened to Blockbuster when Netflix came along, and this trend is expected to repeat as the newest generation of Web 3.0 technologies emerge. While P2E games and Metaverse platforms are relatively new to the market, there are still significant barriers to overcome before mainstream audiences can fully embrace them. 

    Blockchain remains a double-edged sword, in the sense that, although it grants the benefits of ownership, security, and the ability to earn great rewards from playing games; it also represents a significant learning curve. This comes with a number of dangers for new users, and it’s largely seen in a detrimental way due to the many negative media headlines of bad actors within the industry. 

    Many P2E games in development, and currently on the market, require players to be knowledgeable about blockchain technology. This limits their total addressable from the billions worldwide, down to around roughly 400,000 to 500,000 players, the “niche within a niche” of savvy crypto users who still find time to play such games. User acquisition becomes a battle for these games, as they struggle to compete for adequate DAU numbers within a narrow audience.

    While the definition of the Metaverse, according to Wikipedia, is: “a network of 3D virtual worlds focused on social connection” the current offerings fall short of this important network aspect. Leading Metaverse platforms suffer from a lack of compatibility and interconnectivity, which are hallmarks of a “true Metaverse”. They create a restrictive environment where games of high quality cannot exist, as developers are forced to build within them using only the tools provided by the platform. Avatars and their accessories are only compatible with their own platform, and users cannot show off their costumes or treasured digital wearables elsewhere. By all measures of what a fun, interconnected Metaverse should be, they simply come up short.

    ArcadeLand is creating a platform that will serve game developers, gamers, and the entire community that supports the future of P2E gaming. Arcadeland is connecting games, guilds, studios, and publishers with players from within and beyond the crypto community accelerating this future and removing the obstacles to mass adoption. Increasing the reach of this rapidly growing industry.

    ArcadeLand Will Push the Boundaries of Gaming

    A Metaverse must be complete in its offering and for its intended purpose, as it is by nature a platform to host many applications. A true Metaverse is an environment for exploration, socialization, and play. Compatibility and interoperability with a total array of ecosystem products and services are paramount, as the sandbox-style of exclusivity limits the variety, replayability, and quality of the games within. ArcadeLand understands this and has shaped the platform accordingly.

    ArcadeLand will:

    • Feature hundreds of top-quality games
    • Integrate both mainstream and crypto games via SDK
    • Provide virtual land and a No-Code Builder with UNLIMITED potential
    • Offer avatars with NFT accessories compatible with thousands of other games
    • Deliver a holistic and complete gaming ecosystem for users of all types


    To address the issue of game quality, ArcadeLand is onboarding top-quality game partners with successful titles from both the mainstream space as well as crypto. The objective is to make the developer’s jobs as easy as possible by providing a comprehensive suite of tools to allow for rapid integration with little labor required. 

    ArcadeLand can apply its dual-tokenomics model to mainstream games with dynamic rewards and tournament payouts. This allows game owners and users to benefit from an easy to deploy and use P2E model that can be adopted by any type of game.

    On the crypto gaming side, ArcadeLand can support the seamless integration of games along with the important token features to allow players to take full advantage of the games and their earning potential. 

    ArcadeLand provides a safe environment and tools for newcomers with no crypto knowledge to acquire, manage, and sell their NFTs with their built-in wallet and native marketplace. ArcadeLand provides native and easy-to-use interfaces to share updates on social media channels.

    Land within ArcadeLand can be developed in over a dozen ways. Builders can create their own shops, entertainment venues, or virtual headquarters for almost any type of business or service. Assets generated via ArcadeLand’s No-Code Builder tools can even be listed and sold on the platform’s marketplace to allow players to monetize their designs and speed up the building process. Games can import all popular file formats of their 3D objects without the need to recreate their designs to use them in their virtual spaces. This expands compatibility and creativity in those who wish to thrive with their plots in the Metaverse.

    People love to display their achievements, express their individuality and creative style in real life and virtually. So, what good is clothing you can only wear to one place? ArcadeLand has taken a unique approach by comparison to other existing Metaverses and chose to incorporate one of the most advanced avatar systems on the market. 

    The tokenized avatar accessories issued are already compatible with 1,750+ other games and that number is increasing weekly. Any costume or wearable created, earned, or purchased in ArcadeLand’s Metaverse will be the players’ to show off in hundreds or thousands of other games on all platforms including AR/VR. 

    ArcadeLand is taking an inclusive and cooperative approach to bringing in all the best games, partners, and ecosystem-related services needed to create the Ultimate Gaming Metaverse. Whether you’re a gamer, creator, developer, business owner, social butterfly, eSport champion, or some combination of these, you’ll find everything you’re looking for in ArcadeLand.

    Start Getting Pump!

    To sum up, ArcadeLand is addressing three of the most critical issues halting the widespread adoption of play-to-earn gaming:

    1. High-Quality Games – They have nearly 200 games available and are actively onboarding more weekly
    2. Ease of Use – Their platform is designed for gamers of all walks of life, not just the crypto-savvy.
    3. Broad Compatibility – Arcadeland prioritizes compatibility, from their avatar system to their various ecosystem partners.

    Join ArcadeLand’s social media channels below to stay abreast of developments. There’s much more to reveal about how it all works.

    About ArcadeLand

    ArcadeLand is building the ultimate gaming Metaverse. Its mission is to deliver the most rewarding experiences with the best selection of high-quality games and an ecosystem designed to serve gamers, developers, and the community, to propel the future of gaming.

    Website | Twitter | Discord | Telegram | Reddit

  • Saito ($SAITO): Providing Scalability and Decentralization Towards Web3 Development

    Saito ($SAITO): Providing Scalability and Decentralization Towards Web3 Development

    Blockchain technology is often considered the best solution to problems caused by centralization. Through blockchain, people get to exercise authority over their personal affairs and enjoy more security and sovereignty, especially with financial transactions. Yet despite all the advantages of blockchain adoption, the technology also has a few current drawbacks.

    Many people complain about unstable and sometimes relatively high transaction fees. For some people, the main problem with blockchain is a lack of interoperability between several different systems while others worry about response time or latency. However, a bigger issue lurks around the corner – scalability.

    Compared to traditional systems, blockchain technology might be a long way from tackling the scalability problem. Saito Network helps to solve these issues by providing unique solutions for the general growth of the sector.

    What is Saito ($SAITO)?

    Saito ($SAITO) is a layer-1 blockchain that provides a permissionless and scalable network for decentralized applications. The open network also supports in-browser crypto applications without private APIs or plugins. 

    Saito aims to tackle problems caused by centralization, as well as scalability issues that are commonplace with both Proof-of-Work (PoW) and Proof-of-Stake (PoW) blockchains. Instead of paying stakers and miners for block production, the network directly pays internet service providers, allowing easy use of regular browsers for decentralized projects. This method helps new and existing Web3 projects run cost-effective operations instead of paying node operators like Infura.

    Learn more about Proof of Stake (PoS) vs Proof of Work (PoW) with our article: Proof of Stake Explained

    Saito’s open infrastructure provides better security for projects looking to host on a blockchain without intermediaries. A problem with employing the services of a middleman is the apparent centralization of a supposedly decentralized product. Another issue is that projects connected to the blockchain through node operators are open to several risks if the operator becomes compromised or otherwise unavailable. For example, in 2020, Infura suffered an outage that caused Binance and other exchanges to disable ERC-20 transactions. By connecting projects directly to the blockchain through the browser, Saito Network allows decentralized apps or other infrastructure to host their own nodes without an intermediary.

    Features of Saito

    Saito’s decentralized framework is essential to the ongoing shift to Web3. Since a major tenet of Web3 is decentralization, the platform’s basic structure is the critical tool developers and various projects need to compete in the new iteration of the internet. The following Saito features place the network at the forefront of Web3 development:

    • Truly Peer-To-Peer: Saito ensures that projects and all their transactions are truly peer-to-peer. No go-between is required.
    • Scalable Onchain Data: Saito solves scalability problems by providing easy dApp support through browsers instead of relying on a node operator.
    • Browser Applications: All projects will quickly onboard and operate decentralized applications directly through a browser, without the need for a plugin like MetaMask.

    What makes Saito special?

    In addition to the advantages Web3 projects enjoy through Saito, the platform also offers the following:

    • Dynamic App Support: Saito’s network provides a valuable framework for several applications regardless of data or bandwidth requirements. Developers can build anything from games to social media apps and communication tools.
    • Open Infrastructure: Other networks can take advantage of Saito’s infrastructure to tackle interoperability problems. 
    • Web3 Blockchains: All applications built on Saito support Polkadot and many other major Web3 blockchains, with many more coming down the line.
    • Enterprise PKI Support: Saito’s scalable PKI network layer tackles network security head-on. The layer’s basic design satisfies enterprise-level and encryption requirements.
    • App Deployment: Developers can easily create and publish apps on Saito’s platform. App creators can do everything from start to finish without any third-party infrastructure.
    • Vibrant Community: Joining the Saito community exposes projects and developers to an active and growing community of like-minded people excited about Web3 development.

    Saito has already processed more than 10 million transactions and averages over 30,000 transactions per day. With more than 30 popular applications and modules already in the works, Saito has positioned itself as the best chance for the ongoing evolution of Web3.

    SAITO Token: What is it?

    SAITO token is the network’s native asset, a utility token that powers activities on the platform. The platform offers two types of SAITO on different networks, an ERC-20 variation and the Layer One SAITO. The ERC-20 tokens are wrapped tokens in ERC-20 form and are available to public sale participants over vesting periods. Wrapped SAITO asupports purchases and permissionless integration in off-chain applications. Users who hold ERC-20 SAITO also enjoy token withdrawals to any public Saito fork.

    Layer-One SAITO tokens have on-chain utility and represent 75% of all tokens minted. As the network expands, on-chain SAITO holders will enjoy increased liquidity and convertibility. However, holders cannot directly convert Layer-One SAITO to ERC-20 SAITO. Of the allocated 75%, the Saito Foundation retains 20%, while strategic partners share a 10% pool. Rewards, contributors/developers, and the Saito core team all receive 15% each of the SAITO token supply.

    Visit Saito’s latest developments here:

    Website | Twitter | Telegram | Discord

  • DinoSwap ($DINO) Guide: What is it?

    DinoSwap ($DINO) Guide: What is it?

    What is DinoSwap?

    DinoSwap ($DINO) is a decentralized exchange (DEX) Polygon network-based cross-chain protocol that rivals the likes of PancakeSwap and other automated market makers. Launched on 17 July 2021, the DEX allows users to use the DINO token to earn various tokens of projects operating on top of Polygon

    Some of the top investors of DinoSwap include DeFinance, Hashed, Spartan Group, DFG, and co-founder of Polygon Sandeep Nailwal. 

    DinoSwap’s goal is to allow users from any blockchains to benefit from increased liquidity by tapping into tethered liquidity from multiple other blockchains, thereby becoming a centralised hub for cross-chain liquidity. This can be done by building liquidity for layer one blockchains, AMMs (Automated Market Makers), and partnering projects.

    The first blockchain that DinoSwap has started with is Polygon due to its high liquid environment and extremely low transaction cost. By leveraging the strength of Polygon, DinoSwap is then able to help crypto projects boost their token liquidity. 

    How does DinoSwap work?

    Currently, DinoSwap offers three products:

    DinoSwap Exchange

    The main focus of DinoSwap, it is a DEX that does not have its own Automated Market Maker (AMM) and instead interfaces directly with third-party liquidity pools of the top DEXs on Polygon. On DinoSwap, users can exchange ERC20 tokens, and one of the features that make DinoSwap unique is that it does not charge any additional fees on exchanges. 

    Yield Farming (aka DinoSwap Fossil Farms)

    Following the dinosaur theme, DinoSwap’s Fossil Farms are where users can earn DINO by staking their LP tokens from SushiSwap, QuickSwap and Dfyn.

    Staking

    Jurassic Pools

    This is a non-burn pool where users can stake their DINO and earn more tokens from partnering projects. In addition, users can still withdraw or deposit DINO without any additional fees, time-locks, or burns. (www.stellardental.my)

    Extinction Pools

    Extinction Pools are burn pools where deposited DINO is burned when all rewards are distributed. Users can stake their DINO tokens in order to earn more tokens from other partners over a period of time.These allow projects to issue tokens to a global community of Degen Dinos which increases wallet holder count, boosts awareness of the project, and bootstraps initial market liquidity. Participating projects are announced through the official DinoSwap social media platforms and receive cross promotional benefits, and these projects will also populate on the default list of DinoSwap tokens without having to search for the contract address. 

    Tar Pits

    Users can stake DINO in the Tar Pit to earn more DINO tokens. Entering these pools requires an adjustable time lock on staked DINO, but longer lock-ups mean increased rewards.

    DINO token utility

    DINO token is the native token of DinoSwap in ERC – 20 standard and is used to get other tokens from projects partnering with DinoSwap. DINO token has no hard cap but has a burning mechanism to deter inflation and ensure the healthy development of the ecosystem. 

    The DINO token at this time has two different uses: DINO is currently used to farm yDINO, a governance token which will be part of a complete ecosystem, by staking DINO and BNB on Tenet. DINO provides passive income to its users and holders through the 1% redistribution applied from every transaction Note: It will be used in the near future as the central currency used in this ecosystem currently in development, where artists and collectors can buy and sell digital art goods using DINO Token.

    DINO Token Distribution

    65 million DINO tokens were distributed at launch as follows:

    • 65% – Farming Rewards (Fair launch).
    • 5.6% – Treasury.
    • 14.4% – Team (vested over 12 months, linearly, on a per-block basis).
    • 15% – Investors and Advisors (vested over 12 months, linearly, on a per-block basis)

    After the first 65 million DINO have hatched, new tokens will be created on-demand. For every 10 DINO created, one extra DINO will be allotted to the DinoSwap Treasury to support further protocol growth initiatives.

    Trading on DinoSwap

    Trading on DinoSwap is simple:

    1.  Navigate to the DinoSwap exchange here
    Dinoswap exchange
    Dinoswap exchange
    1. Unlock your Polygon Wallet, click connect, and choose the wallet provider of your choice
    Dinoswap Polygon wallet
    Dinoswap Polygon wallet
    1. Select the tokens you wish to swap and enter the amount (make sure you have MATIC in your wallet to push the transaction through) .
    Dinoswap and MATIC
    Dinoswap and MATIC
    1.  Check the details, and click “Swap”.
    Dinoswap finalize
    Dinoswap finalize
    1. Check the details again and click “Confirm Swap”.
    Dinoswap confirmation page
    Dinoswap confirmation page
    1. Confirm the transaction in your wallet.
    2. The swap is complete and you can click view on maticvigil to see your transaction details

    Yield Farming on DinoSwap

    This function allows users to stake DINO in order to earn even more rewards after a period of time. There are two parts to this process:

    Providing Liquidity

    Every Fossil Farm needs a specific LP Token that can be acquired by providing liquidity for the appropriate pair. The following steps will prepare you to start excavating in your favorite Fossil Farm.

    1. Go to the Fossil Farms page.
    Dinoswap Fossil Farms
    Dinoswap Fossil Farms
    1. Click on your favorite Fossil Farm.
    2. Click on the “Get LP” link on the left side.
    Dinoswap Get LP
    Dinoswap Get LP
    1. Follow the instructions to get LP tokens on either SushiSwap, Quickswap or Dfyn.

    Entering a Fossil Farm

    Now that you have your LP Tokens ready, it is time to put them at work and start excavating.

    1. Go back to the Fossil Farms page.
    2. Unlock your Wallet via the “Unlock Wallet” button or the “Connect” button (top right).
    Fossil Farm Unlock Wallet
    Fossil Farm Unlock Wallet
    1. Make sure your wallet is on the “Matic Mainnet” network.
    2.  Click on the Fossil Farm you want to excavate.
    3.  Click the “Enable” button.
    Fossil Farm MATIC Mainnet
    Fossil Farm MATIC Mainnet
    1.  Your wallet will ask you to confirm the transaction.
    Fossil Farm confirm transaction
    Fossil Farm confirm transaction
    1.  Click the “Stake LP” button.
    2.  Enter your desired amount of LP Tokens and click the “Confirm” button.
    3.  DONE! You are now farming DINO.

    Adding or removing LP Tokens

    At any time, you can decide to leave the Fossil Farm or add more LP Tokens to it.

    1. Return to the Fossil Farms page.
    2. Click the “Staked only” toggle to see the pairs you have LP Tokens in.
    3. Choose a Fossil Farm you have LP Token in and click on it.
    4. Click on the “+” or the “-“ button to add or remove LP Tokens.
    5. Enter the amount you would like to add or remove.
    6. Verify your information and click the “Confirm” button.
    7. After a short wait you should see your new balance in the details section of the LP Token pair. If you have unstaked your LP Tokens, any unclaimed rewards will automatically have been collected.

    Conclusion

    DinoSwap ran a highly successful fundraising campaign before its launch and is even backed by the co-founder of Polygon himself, indicating a large amount of confidence in the project. The DEX has also successfully completed three Certik smart contract audits and has received a “low risk” rating from the Rug Doctor. DinoSwap is already the 7th most popular dApp on Polygon in less than 2 weeks from its official launch.

    With DinoSwap’s mission of increased liquidity for cryptocurrency exchange, this DEX is one to keep an eye on and has huge potential to change the crypto exchange game.

  • How to Earn a Bitcoin Living While Stuck in Quarantine

    How to Earn a Bitcoin Living While Stuck in Quarantine

    With a third of the global population in lockdown following the rampant transmission of SARS-COV-2, people of finding new ways to generate passive income. This article will teach you how to earn a Bitcoin Living whilst stuck in Quarantine.

    The virus that causes COVID-19, a respiratory disease that can prove fatal to some populations. Terms like “self-isolation”, “quarantine”, and “shelter-in-place” have been used to describe the newly placed government sanctions and guidelines, but the term people seem to be using is ‘lockdown’.

    This image has an empty alt attribute; its file name is Bitcoin-Passive-Income-1024x576.jpg
    If shelter-in-place guidelines have you twiddling thumbs- put them to better use by earning some crypto.

    It should come as no wonder why, as ‘lockdown’ possibly sums up feelings of being stuck at home with little to do but consume depressing media and too many calories. Italians are feeling the brunt of it, having started theirs over 9 weeks ago on March 10, quickly followed by the UK who started March 23. The US, while not the longest by far, with most states, only entering lockdown towards the end of March, have still been feeling the burn a little over a month in.

    So what are you to do? Some while away their free hours by getting into new fitness routines, baking bread, or focusing on their children’s education. While others are stuck staring at other bitcoin exchanges wondering what it is they might be able to do to secure their holdings. Good news for everyone- even if you’ve never owned bitcoin before, now may be your time to jump in. With little to no cost and effort. Always remembering that after checking out these ideas, you can always go to exchange platforms, like Bitvavo, to help you with trading and maintaining your presence in the cryptocurrency market. Which is always a good idea.

    Mining

    Bitcoin and cryptocurrency mining has been a way to passively gain income for those who have the gear. When it comes to Bitcoin mining, you’re regular computer simply won’t do. You’ll need specialized hardware, called ASIC (applications specific integrated circuits) that will be able to mine Bitcoin on a consistent basis. The main benefit of ASICs is that they are extremely efficient at mining Bitcoin – but at the trade-off that they are algorithm-specific. This means that Bitcoin mining rigs will only mine coins with SHA-256 algorithm (Bitcoin, Bitcoin Cash, and Bitcoin SV).

    What it Will Cost

    Outside of purchasing the necessary hardware, and paying for any increase in electricity demand- not much. Mining is done purely by your machine, with little user requirements following set up. So all you have to do is kick back and watch your wallet cash in.

    Trading

    While effectively trading bitcoin takes a decent amount of knowledge, there’s no need to be a seasoned trader. In fact, being a dab hand in traditional markets may actually serve you up more problems than it’s capable of solving. The cost of buying into digital assets and currencies doesn’t need to be high, especially if you start with the one that isn’t as well known as bitcoin. There are thousands of cryptocurrencies worth investing in, where you can make small-time gains. Then take those gains and eventually build up to bigger investments like bitcoin.

    What it Will Cost

    Time and initial investment. Perhaps the most taxing of the two will be time. Learning how to trade bitcoin isn’t necessarily easy- but it’s very possible. You’ll need to read up on the behavior of whatever digital assets you’ll plan on using, as well as keep an eagle eye on the way that markets behave- both presently and historically.

    Writing

    There is a long and varied list of different freelance jobs that will happily pay you for your good efforts in bitcoin. Specifically those related to content writing or blogging. Some gigs only require that you help share and market their content. Certain markets, particularly newer ones that need to get the word out, will pay in their own crypto tokens just for registering with their site, following or retweeting their content, or otherwise sharing it across your social media platforms.

    What it Will Cost

    Next to nothing as long as you’ve got some spare time on your hands. Even less if you’re already a bit of a wordsmith or influencer. These types of jobs are available by the hundreds, but may not be easy to come by ideal positions immediately. It could take a fair bit of internet browsing, or some time spent building a solid Upwork or Freelancing profile, but once your foot is in the door- the bitcoins come cheap.

    Watching

    Bitcoin faucets are another solid way to collect bitcoin while in quarantine. Akin to writing and collecting airdrop content, some advertisers, firms, or crypto networks will pay you just to watch their content and fill out surveys. There are also a number of giveaways or drawings held across many social media platforms that are simple to get in on, providing your friend’s list doesn’t mind the occasional spam.

    What it Will Cost

    Again, more time and possibly a friend or two. Many of the watch programs require you to share or like their content, making your feed a bit haphazard for any of your followers. But past that, you can get by and earn bitcoin just by having a computer and reliable internet connection.

    Selling

    If you already have a business, particularly one that got shut down along with many of the rest of the mom and pop shops during this time, get online. Uploading any goods or services that you offer onto a personal website, or a sellers hub that will allow crypto payments is one way to start earning bitcoin while doing next to nothing. This works in your favor in a number of ways, as it provides better payment options to customers, helps to ensure their privacy, and keeps everyone away from any of the germs that paper money happily harbors. (https://www.kaizenautocare.com/)

    What it Will Cost

    If you don’t already have a website, paying someone to set you up with one can cost money, but it’s generally not extortionate. Assign a digital currency payment platform to your existing site is incredibly easy, and google is overflowing with excellent resources that explain just how to do it.

  • MimbleWimble complete Beginner’s Guide

    MimbleWimble complete Beginner’s Guide

    What is MimbleWimble

    While earlier blockchains such as Bitcoin did not account for privacy and scalability, new projects are addressing these very issues. One of the most revolutionary protocols right now is MimbleWimble. The protocol is gaining traction because of its ability to address privacy, scalability and fungibility. Currently coins that use this technology are Grin, Beam, Epic Cash and Litecoin is starting sidechain development.

    Why is Privacy important? Currently, when you use Bitcoin, that is, to send bitcoin, the receiver can extract unrelated transactional information. Because of this splitting transparency concession, privacy coins like Monero are increasingly becoming more popular thanks to their transaction obfuscating ability.

    MimbleWimble’s History

    The whitepaper for MimbleWimble was first published by Tom Elvis Jedusor, an alias name referenced from Harry Potter, in June 2016 but the mainnet is now live. What Elvis proposed was hiding senders and receivers addresses as well as the amount. This not only ensured privacy but also reduced block size to allow for more direct and efficient transactions while making the platform more scalable. Because of their proposal, Mimble Wimble’s white paper is popular with privacy coins enthusiasts.

    How does MimbleWimble Works

    MimbleWimble (MW) ensures that with all transactions, there are no addresses from where the amount is coming from and to whom it is going to. Furthermore, it hides the amount being transacted. Transactions are trivially aggregated to hide where a newly created transaction comes from. The transaction is relayed privately among peers before becoming public.

    Without an address it becomes impossible for any user to track a transaction. With other cryptocurrencies, to send or receive transactions, one must have an address. This addresses act as tags making it possible for the public to tack transactions, with MimbleWimble, this simply doesn’t exist because the address (tag) isn’t there.

    To hide transaction amounts, MimbleWimble has used EllipticCurve Cryptography (ECC) creating the underlying structure to eliminate inputs and outputs data. This essentially takes out your signature from transactions by combining the signature of the sender and the receiver to create a private address.

    However, using confidential transaction, the amount being transferred remains visible to the participants of the transaction.

    MimbleWimble goes further ensuring that not even your IP can be traced. If you send or receive amounts with a phone or laptop regularly, this phone or laptop can be identified and traced back to you. However, with a new privacy layer in the MimbleWimble protocol, there’s extra security preventing tracking.

    Grin’s Advantage over Other Privacy Coins

    By comparing it to one of the biggest privacy coins, Monero, it’s clear that Grin—which uses MW, is superior. Whereas Monero creates dummy transactions to hide the real transaction via ring signatures, Grin employ transactional output, a technique that makes it hard for UTXO tracking as well as cut-through transaction via Coinjoin to merge old transactions.

    Clearly, what Mimble Wimble brings to the fore is a technological breakthrough that has great implication for the entire ecosystem that would even changehow transactions are done. Its implementation means cryptocurrencies like Bitcoinwould be used on a day to day basis without compromise of privacy, scalability and fungibility via a simple hard fork.

    How to mine MimbleWimble Coins

    MimbleWimble coins can be mined using GPU and CPU hardware. To find out how to mine Epic Cash, check out our full Epic Cash Mining guide.