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Object Storage for the Crypto Community

Object Storage for the Crypto Community

COIN.HOST is excited to announce the launch of our new S3 API compatible object storage service! Object storage is a highly scalable and durable way to store and manage large amounts of unstructured data, such as files, videos, and images. Object storage is in a number of ways different from hierarchy storage.

The key difference is the way that data is organized and accessed. In hierarchy storage, data is organized into files and folders, whereas, object storage uses a flat address space to store and access data, with each piece of data being assigned a unique identifier. Another key difference between object storage and hierarchy storage is how data is stored. In hierarchy storage, data is typically stored on a physical storage device, such as a hard drive or an array of hard drives. On the contrary, object storage stores data in a distributed manner, with data being spread across multiple storage devices in a network, thus eliminating single point of failure conditions.

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Study Shows Bitcoin Mining Is 8X More Profitable Than Other Coins

Study Shows Bitcoin Mining Is 8X More Profitable Than Other Coins

The cryptocurrency mining market has been pretty volatile over the last couple of years, granted massive price swings, updated regulatory frameworks, and fluctuating difficulty rates. Despite this aspect, tens of thousands of people throughout the world have invested in purchasing mining hardware, to help mine their favourite cryptocurrency, and turn a profit.

At this moment in time, most popular digital currencies rely on miners to dedicate their hardware resources to authenticate transactions, and ensure the fulfilment of the proof-of-work protocol, which in return, rewards them with newly-minted coin. Mining represents an immensely profitable market, especially when access to low-cost electricity is available, and when volatility brings coin prices up.

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Ethereum’s Proof-of-Stake Code to be Finalized in June

Ethereum’s Proof-of-Stake Code to be Finalized in June

Since its inception, the Ethereum blockchain has been backed by the Proof-of-Work algorithm, similarly to Bitcoin. Yet, Ethereum’s founder, Vitalik Buterin, has often talked about his plans of ditching PoW, in favour of Proof-of-Stake (PoS), which he believes to be better suited for Ethereum’s purposes.

Now, recent reports indicate that the PoS blockchain code will be finalized sometime in June. The news comes from Justin Drake, a researcher for the Ethereum Foundation, who stated: “I’ve been continuing to fine comb Phase Zero in preparation for the spec freeze which we’re targeting for the 30th of June (…) we’re still very much on track. Still, code simplifications are coming through which is great and the process of fine combing is also for finding final bugs.”

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The Cryptocurrency Market is Seeing New Price Gains

The Cryptocurrency Market is Seeing New Price Gains

Cryptocurrency investors have certainly had a difficult year, given the fairly stable prices for all popular digital currencies. However, recent market developments are once again adding volatility to the market.

This has led to a bullish trend for Bitcoin, since the cryptocurrency has surpassed the $4,000 threshold. In fact, the price recently saw a $200 growth, bouncing from $3,900 to $4,100. In return, this helped increase bitcoin’s market capitalization to over $70 billion, whereas the entire market’s worth is now situated at over $140 billion.

The recent price volatility has also encouraged price spikes for other cryptocurrencies. As such, Ethereum saw a 6% increase, whereas XRP and Litecoin gained around 5%.

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Is the Majority of the Cryptocurrency Market Centralised? A Research Study Thinks So!

Is the Majority of the Cryptocurrency Market Centralised? A Research Study Thinks So!

One of the biggest advantages that cryptocurrencies have over their fiat counterparts is the decentralized status, which provides higher security, reduces attack risks, and ensures that coins are not controlled by a central entity. Despite this aspect, recent research has concluded that the majority of digital assets available on the market are centralized.

To put things better into perspective, CryptoCompare, which is a market data aggregator, has recently published a digital asset analysis for over 200 coins. The authors analysed the digital assets from a variety of different perspectives, and using more than 30 attributes. When doing the analysis, researchers considered the supply concentration, distribution, market cap, governance, volume data, regulatory classification, and decentralized status of the coins.

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NASA Considering Ethereum Blockchain for Space Exploration Project

NASA Considering Ethereum Blockchain for Space Exploration Project

So far, there hasn’t been much news regarding any involvement of NASA with blockchain technology, or digital currencies. However, things are about to change, as a research project that recently received funding from NASA, will be looking for ways to leverage Ethereum’s smart contracts, to help automate spacecraft manoeuvring and avoid space debris.

NASA, which is also co-running the research and development effort of the project, has mentioned that the development may revolutionize the search for deep space probes. To put things better into perspective, NASA is investing in a project that would use blockchain and smart contract technology to not only enhance space communications, but also to make navigation efforts safer and more efficient.

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ICO Start-Ups to Create Ethereum Community Fund to Sponsor Projects

ICO Start-Ups to Create Ethereum Community Fund to Sponsor Projects

Given its versatility, Ethereum has grown to not only be known as a digital currency, but rather as a platform for creating innovative, crypto-based projects as well. In an effort to further encourage development of apps, services and tokens on the Ethereum platform, six large blockchain-related companies alongside with a Japanese venture capital firm, have decided to create the Ethereum Community Fund (ECF).

According to recent reports, the purpose of the ECF will be to fund projects and businesses that are part of the Ethereum ecosystem. At the beginning, the community fund will start with $100 million, raised by six projects alongside the venture capital firm. Reports indicate that the Ethereum creator, Vitalik Buterin, will be part of the advisory body.

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Ethereum Continues Reaching New All-Time Highs - $1,400 Threshold Passed

Ethereum Continues Reaching New All-Time Highs - $1,400 Threshold Passed

Ethereum’s evolution during the last couple of days creates big hopes for the smart contracts and digital currency system. On the 10th of January, the digital currency managed to hit another all-time high, marking a 60% increase in value in a single week.

With this in mind, Ethereum managed to hit an all-time high of $1,416, which gives it an increase of 13,000% in around a year, a figure enviable by many other cryptocurrencies. While the massive growth in price begun recently, it is expected that it will last for a longer period of time.

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Ethereum Reaches new All-Time High of $750

Ethereum Reaches new All-Time High of $750

The last few months have been truly kind to the world of digital currencies, considering the fact that all major cryptocurrencies have reached unbelievable new all-time highs, thanks to increasing investor interest, bitcoin futures, and new blockchain and crypto-based platforms revolutionizing our current financial system from the ground up.

With this in mind, Ethereum, which is the world’s second biggest digital currency in terms of market capitalization has reached a new all-time high on Thursday, the 14th of December, with values first breaking the $600 threshold, and then surging even higher to $750. At the time of writing, the value of Ether, has decreased a bit, as it is currently trading at approximately $670.

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Bitcoin surpasses $9,000 and Sets New All-Time High

Bitcoin surpasses $9,000 and Sets New All-Time High

It has often been said that bitcoin may reach the $10,000 milestone by the end of the year. While many speculated that this isn’t possible, the digital currency has recently hit the $9,000 milestone, and set a new all-time high.

The year of 2017 has been incredibly positive for bitcoin, considering the fact that its value multiplied 9 times, from $800-$1,000, to over $9,000.

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