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Uranium-X

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Nov 6th, 2018
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  1. What is cryptocurrency? 21st-century unicorn or the money of the future? This introduction explains the most significant thing about cryptocurrencies. Today cryptocurrencies have become a global phenomenon which is known to most people. While still somehow geeky and not recognized by most people, banks, governments and many companies are conscious of its importance.
  2. Cryptocurrencies are digital money, or virtual currency available only in digital form, and not in physical form (such as banknotes and coins). They display properties similar to real money but allow for quick transactions and border-less transfer of possession. Like conventional money, these currencies may be used to buy physical goods and services, but may also be restricted to specific communities such as for use inside an online game or social network. Digital currency is a money balance recorded electronically on a stored-value card or other devices.
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  4. Altcoins are the alternative cryptocurrencies originated after the success of Bitcoin. Generally, they propel themselves as better replacements to Bitcoin. The success of Bitcoin as the first peer-to-peer digital coin paved the way for multiple to follow. Many altcoins are trying to target any anticipated limitations that Bitcoin has and come up with innovative versions with competitive advantages. As the term 'altcoins' implies all cryptocurrencies which are not Bitcoin, there are numbers of altcoins.
  5. "Altcoin" is a mixture of two words: "alt" and "coin"; alt implying 'alternative' and coin signifying (in essence) 'cryptocurrency.' Thus together they indicate a division of cryptocurrency that is alternative to the digital coin Bitcoin. After the breakthrough story of Bitcoin, many other peer-to-peer digital currencies have emerged in an attempt to imitate that success. While Bitcoin was the first cryptocurrency and remains the best-known, it is now only one of the hundreds of cryptocurrencies, which all seek to improve upon Bitcoin in various ways.
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  7. Many of the altcoins are created upon the fundamental core provided by Bitcoin. Hence most altcoins are peer-to-peer, include a mining process by which users solve complicated problems to unlock blocks, and offer adequate and affordable ways to carry out transactions on the web. However, even with many overlapping features, altcoins vary widely from each other - altcoins oppose themselves from bitcoin with a range of procedural alterations, including different proof-of-work algorithms, various means by which users can lessen energy to mine blocks, and application enhancements to increase user anonymity.
  8. While Bitcoin remains by far the most popular cryptocurrency and most other cryptocurrencies have zero non-speculative influence, investors and users should keep an eye on other cryptocurrencies.
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  10. When it comes to the cryptocurrencies, and mainly altcoins, there’s new upcoming ALT-Coin Cryptocurrency called Uranium-X! Uranium-X is like Bitcoin and Litecoin except it uses Argon2d for hashing and has an alternative PoW formula. Argon2d maximizes resistance to GPU cracking attacks. It reaches the memory array in a password dependent order, which reduces the possibility of time-memory trade-off (TMTO) attacks, but introduces possible side-channel attacks.
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  12. Unlike most other cryptocurrencies, mining credits are done using a CPU, utilizing the cutting-edge, Argon2d algorithm. In addition to botnet stability, the Argon2d algorithm is immune to both GPU mining and ASICs, implying that anyone with a PC, the credits wallet software, and an internet connection can mine assets without being forced out of the market by the widespread GPU and ASIC farms which are currently managing most cryptocurrency mining. Besides, credits protect against multi-mining and jump-mining pools within the implementation of Gulden’s latest difficulty retargeting algorithm, DELTA—the most superior retargeting algorithm usable today.
  13. Credits also feature Masternodes, which form the 2nd layer of security on the network, process InstantSend transactions, and mix CRDS for PrivateSend transactions. Argon2d is vulnerable to side-channel timing attacks but offers the best resistance to TMTO attacks. It uses data-depending memory access, which makes it more suitable for things like cryptocurrencies and proof-of-work (POW) applications with no threats from side-channel timing attacks. With a max supply of 235,000 URX, it is a rare collector's coin. Currently, it is CPU mineable and ASIC/GPU/Pool Resistant. Difficulty retargets happen every block and is averaged over a 50-60 minute window, and the block spec is designed to be two times faster than Bitcoin.
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  15. UraniumX can be mined with the Wallet on your computer. Here you can discover some tips on how to mine Uranium-X. First of all, use the RPC console to mine UraniumX. Then:
  16. 1. Start UraniumX Core
  17. 2. Open the Debug Window (Menu -> Help -> Debug window)
  18. 3. Click the Console tab
  19. 4. Type setgenerate true X and press enter
  20. If you would like to stop the miner, in the console do setgenerate false to stop the internal mine.
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  22. The market of cryptocurrencies is loose and wild. Nearly every day new cryptocurrencies appear, old die, early adopters get prosperous, and investors lose capital. Every cryptocurrency comes with a warranty, mostly a big story to turn the world around. Only a few remain the first months, and most are drawn and dropped by critics.
  23. The revolution is already occurring. Institutional investors start to buy cryptocurrencies. Banks and authorities realize that this inventiveness has the potential to pull their power away. Cryptocurrencies change the world. You can either stand beside and examine – or you can become part of the history in the making.
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