Bitcoin, Grin, Beam, and Epic Cash – R.L. Bryer
Everyone that isn’t living underneath a rock has now heard of the grandfather of all cryptocurrencies, Bitcoin. It has withstood ten years of bad press, government attacks all over the world, hackers, bear and bull cycles, and competition from emerging projects. Yet, Bitcoin remains the world’s most prominent crypto and has emerged as digital gold. While Bitcoin is a miraculous invention, compared to projects of the last few years and those coming onto the scene today, it is old and clunky software.
One area where Bitcoin fell short was privacy. In the beginning, BTC was thought to be wholly private digital currency, but as we’ve found out, it is the binary opposite. So, the free market has given us an alternative to a good that’s fallen short in a certain area, as the market always does.
These alternatives have sprung out of protocol that’s addressed privacy with one in particular, MimbleWimble. MimbleWimble uses coinjoin and mixes transactions so prying eyes are no wiser to the data of sender and receiver. Coinjoin was initially created by one of the original and legendary cypherpunks, David Chaum. MimbleWimble was first implemented by Grin and then Beam but these projects also have their own shortcomings.
Inflationary monetary supply is my biggest concern with the first two MimbleWimble creations. For a cryptocurrency project to truly succeed, monetary supply should be the most integral of all characteristics with privacy in a very close second place. If the supply of a particular crypto isn’t finite and has an inflationary model, it is doomed for failure and debasement much like state fiat currency. Without a hard-capped supply, digital scarcity doesn’t exist, replication runs amok and the good loses value as the supply grows.
So, which project solves the problem of privacy as well as sound money and rolls the two most important aspects into one?
Enter, Epic Private Internet Cash, Epic Cash mixes the best elements of protocol in 2019. Not only does Epic Cash have a fixed monetary supply of 21 million coins but it also has implemented coinjoin and MimbleWimble protocol to assure it is the best cryptocurrency to ever exist. Where other projects cataloged lacked foresight in one of the two major areas I’ve pinpointed in this article, Epic Private Internet Cash has addressed each masterfully. Through the combination of 3 different hashing algorithms, Epic Cash also ensures any person can mine Epic regardless of wealth. Solving the mining dilemma that’s arisen around other projects over the last decade also ensures a secured network ledger and quick transactions. Moreover, this culmination provides great promise as the protocol allows for great utility from the onset of 1 August, 2019 launch of mainnet as a store of value, but also a privacy coin and excellent medium of exchange.
Published at Fri, 19 Jul 2019 18:01:39 +0000
Bitcoin Pic Of The Moment
Bitcoin on edge reflecting into other scattered Bitcoin (BTC)s.
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By QuoteInspector.com on 2018-09-03 09:55:35
