Bitcoin Wiki - User contributions [en]

Crypto Street

2013-05-09T15:40:53Z

Geoburke: corrected link to AurumXChange_Company

[[File:Crypto-Street-Logo.png|thumb|Crypto Street Logo]]
A United States-based [[currency exchange]] with market for trading between bitcoins and other currencies, including the U.S. dollar and other cryptocurrencies [[Litecoin]], [[Namecoin]], and [[PPCoin]].

Currently in beta, Crypto Street is accepting pre-registrations at https://www.crypto.st.

==Features==

===No Fees===
Crypto Street has no fees to trade.

===Currency pairs===
* BTC/USD
* LTC/USD
* PPC/USD
* NMC/USD
* BTC/LTC
* BTC/PPC
* BTC/NMC

===Deposit options===

====Crypto-currencies====
There is no fee for depositing any supported [[Digital_currency]] including Bitcoins, Namecoins, Litecoins, or PPCoins.

====USD====
* [[Dwolla]]
* [[MtGox]] [[redeemable code]]
* [[BitInstant]]
* [[AurumXChange_Company]]
* [[Liberty Reserve]]
* International Wire Transfer

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

===Withdraw options===

====Crypto-currencies====
* BTC
* LTC
* NMC
* PPC
* [[BitInstant]]
* [[AurumXChange_Company]]

====USD====
* [[Dwolla]]
* [[PayPal]]
* Crypto Street [[redeemable code]]
* Wire Transfer
* Mailed Check
* [[BitInstant]]
* [[AurumXChange_Company]]

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

==History==
On April 23rd 2013, the Crypto.st domain name was registered<ref>[http://www.nic.st/whois/crypto WHOIS domain registration]</ref>.

On April 24th 2013, Crypto Street launched its beta website <ref>[http://www.crypto.st Official Website] </ref>.

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[PPCoins]]
* [[Namecoin]]
* [[Litecoin]]
* [[Bitcoin]]

==External Links==

* [http://www.crypto.st Official Website: Crypto Street meta-exchange trading platform]
* [http://www.crunchbase.com/company/crypto-street Crunchbase Company Profile]
* [http://www.linkedin.com/company/3102315 LinkedIn Company Profile]

==References==
<references />

[[Category:Exchanges]]
[[Category:EWallets]]

Crypto Street

2013-05-07T23:31:56Z

Geoburke: added Crunchbase profile and LinkedIn profile

[[File:Crypto-Street-Logo.png|thumb|Crypto Street Logo]]
A United States-based [[currency exchange]] with market for trading between bitcoins and other currencies, including the U.S. dollar and other cryptocurrencies [[Litecoin]], [[Namecoin]], and [[PPCoin]].

Currently in beta, Crypto Street is accepting pre-registrations at http://www.crypto.st.

==Features==

===No Fees===
Crypto Street has no fees to trade.

===Currency pairs===
* BTC/USD
* LTC/USD
* PPC/USD
* NMC/USD
* BTC/LTC
* BTC/PPC
* BTC/NMC

===Deposit options===

====Crypto-currencies====
There is no fee for depositing any supported [[Digital_currency]] including Bitcoins, Namecoins, Litecoins, or PPCoins or depositing (redeeming) a Crypto Street [[redeemable code]].

====USD====
* [[Dwolla]]
* [[MtGox]] [[redeemable code]]
* [[BitInstant]]
* [[AurumXChange_Company]]
* [[Liberty Reserve]]
* International Wire Transfer

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

===Withdraw options===

====Crypto-currencies====
* BTC
* LTC
* NMC
* PPC
* [[BitInstant]]
* [[AurumXchange_company]]

====USD====
* [[Dwolla]]
* [[PayPal]]
* Crypto Street [[redeemable code]]
* Wire Transfer
* Mailed Check
* [[BitInstant]]
* [[AurumXchange_company]]

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

==History==
On April 23rd 2013, the Crypto.st domain name was registered<ref>[http://www.nic.st/whois/crypto WHOIS domain registration]</ref>.

On April 24th 2013, Crypto Street launched its beta website <ref>[http://www.crypto.st Official Website] </ref>.

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[PPCoins]]
* [[Namecoin]]
* [[Litecoin]]
* [[Bitcoin]]

==External Links==

* [http://www.crypto.st Official Website: Crypto Street meta-exchange trading platform]
* [http://www.crunchbase.com/company/crypto-street Crunchbase Company Profile]
* [http://www.linkedin.com/company/3102315 LinkedIn Company Profile]

==References==
<references />

[[Category:Exchanges]]
[[Category:EWallets]]

Crypto Street

2013-05-07T23:10:13Z

Geoburke: /* USD */ incorrect link to MtGox

[[File:Crypto-Street-Logo.png|thumb|Crypto Street Logo]]
A United States-based [[currency exchange]] with market for trading between bitcoins and other currencies, including the U.S. dollar and other cryptocurrencies [[Litecoin]], [[Namecoin]], and [[PPCoin]].

Currently in beta, Crypto Street is accepting pre-registrations at http://www.crypto.st.

==Features==

===No Fees===
Crypto Street has no fees to trade.

===Currency pairs===
* BTC/USD
* LTC/USD
* PPC/USD
* NMC/USD
* BTC/LTC
* BTC/PPC
* BTC/NMC

===Deposit options===

====Crypto-currencies====
There is no fee for depositing any supported [[Digital_currency]] including Bitcoins, Namecoins, Litecoins, or PPCoins or depositing (redeeming) a Crypto Street [[redeemable code]].

====USD====
* [[Dwolla]]
* [[MtGox]] [[redeemable code]]
* [[BitInstant]]
* [[AurumXChange_Company]]
* [[Liberty Reserve]]
* International Wire Transfer

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

===Withdraw options===

====Crypto-currencies====
* BTC
* LTC
* NMC
* PPC
* [[BitInstant]]
* [[AurumXchange_company]]

====USD====
* [[Dwolla]]
* [[PayPal]]
* Crypto Street [[redeemable code]]
* Wire Transfer
* Mailed Check
* [[BitInstant]]
* [[AurumXchange_company]]

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

==History==
On April 23rd 2013, the Crypto.st domain name was registered<ref>[http://www.nic.st/whois/crypto WHOIS domain registration]</ref>.

On April 24th 2013, Crypto Street launched its beta website <ref>[http://www.crypto.st Official Website] </ref>.

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[PPCoins]]
* [[Namecoin]]
* [[Litecoin]]
* [[Bitcoin]]

==External Links==

* [http://www.crypto.st Crypto Street] exchange website

==References==
<references />

[[Category:Exchanges]]
[[Category:EWallets]]

Crypto Street

2013-05-07T23:09:38Z

Geoburke: added logo

[[File:Crypto-Street-Logo.png|thumb|Crypto Street Logo]]
A United States-based [[currency exchange]] with market for trading between bitcoins and other currencies, including the U.S. dollar and other cryptocurrencies [[Litecoin]], [[Namecoin]], and [[PPCoin]].

Currently in beta, Crypto Street is accepting pre-registrations at http://www.crypto.st.

==Features==

===No Fees===
Crypto Street has no fees to trade.

===Currency pairs===
* BTC/USD
* LTC/USD
* PPC/USD
* NMC/USD
* BTC/LTC
* BTC/PPC
* BTC/NMC

===Deposit options===

====Crypto-currencies====
There is no fee for depositing any supported [[Digital_currency]] including Bitcoins, Namecoins, Litecoins, or PPCoins or depositing (redeeming) a Crypto Street [[redeemable code]].

====USD====
* [[Dwolla]]
* [[Mt.Gox]] [[redeemable code]]
* [[BitInstant]]
* [[AurumXChange_Company]]
* [[Liberty Reserve]]
* International Wire Transfer

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

===Withdraw options===

====Crypto-currencies====
* BTC
* LTC
* NMC
* PPC
* [[BitInstant]]
* [[AurumXchange_company]]

====USD====
* [[Dwolla]]
* [[PayPal]]
* Crypto Street [[redeemable code]]
* Wire Transfer
* Mailed Check
* [[BitInstant]]
* [[AurumXchange_company]]

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

==History==
On April 23rd 2013, the Crypto.st domain name was registered<ref>[http://www.nic.st/whois/crypto WHOIS domain registration]</ref>.

On April 24th 2013, Crypto Street launched its beta website <ref>[http://www.crypto.st Official Website] </ref>.

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[PPCoins]]
* [[Namecoin]]
* [[Litecoin]]
* [[Bitcoin]]

==External Links==

* [http://www.crypto.st Crypto Street] exchange website

==References==
<references />

[[Category:Exchanges]]
[[Category:EWallets]]

File:Crypto-Street-Logo.png

2013-05-07T23:06:50Z

Geoburke: Crypto Street - meta-exchange logo

== Summary ==
Crypto Street - meta-exchange logo
== Licensing ==
{{self|Cc-zero}}

Crypto Street

2013-05-07T20:20:24Z

Geoburke: creating page for Crypto Street

A United States-based [[currency exchange]] with market for trading between bitcoins and other currencies, including the U.S. dollar and other cryptocurrencies [[Litecoin]], [[Namecoin]], and [[PPCoin]].

Currently in beta, Crypto Street is accepting pre-registrations at http://www.crypto.st.

==Features==

===No Fees===
Crypto Street has no fees to trade.

===Currency pairs===
* BTC/USD
* LTC/USD
* PPC/USD
* NMC/USD
* BTC/LTC
* BTC/PPC
* BTC/NMC

===Deposit options===

====Crypto-currencies====
There is no fee for depositing any supported [[Digital_currency]] including Bitcoins, Namecoins, Litecoins, or PPCoins or depositing (redeeming) a Crypto Street [[redeemable code]].

====USD====
* [[Dwolla]]
* [[Mt.Gox]] [[redeemable code]]
* [[BitInstant]]
* [[AurumXChange_Company]]
* [[Liberty Reserve]]
* International Wire Transfer

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

===Withdraw options===

====Crypto-currencies====
* BTC
* LTC
* NMC
* PPC
* [[BitInstant]]
* [[AurumXchange_company]]

====USD====
* [[Dwolla]]
* [[PayPal]]
* Crypto Street [[redeemable code]]
* Wire Transfer
* Mailed Check
* [[BitInstant]]
* [[AurumXchange_company]]

====EUR====
(coming soon)
* SEPA bank transfer (fee applies)

==History==
On April 23rd 2013, the Crypto.st domain name was registered<ref>[http://www.nic.st/whois/crypto WHOIS domain registration]</ref>.

On April 24th 2013, Crypto Street launched its beta website <ref>[http://www.crypto.st Official Website] </ref>.

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[PPCoins]]
* [[Namecoin]]
* [[Litecoin]]
* [[Bitcoin]]

==External Links==

* [http://www.crypto.st Crypto Street] exchange website

==References==
<references />

[[Category:Exchanges]]
[[Category:EWallets]]

Namecoin

2013-04-25T22:56:20Z

Geoburke: /* External Links */ added Crypto Street exchange

Namecoin is an alternative distributed Domain Name System (DNS) on the basis of Bitcoin software. It expands the software so that transactions for registering, updating, and transferring domains to serve.

Like Bitcoin, Namecoin is a peer-to-peer system, which, assuming an honest majority of participants can not be controlled by a single state or a company. Changes to the namespace of the rightful owner of a domain with a public key signature method and distributed to all peer-to-peer users. The inclusion in the block chain , as the eternal logfile is used, the transactions are authentic. The block chain grows whenever new transactions, if any of the participants through a fairly intense proof-of-work process, a matching result of a cryptographic hash function has found what may be verified by all other participants. The falsification of a longer chain block is, due to the computational effort, impractical.

Currently, the top-level domain .bit used in the official domain name system is not awarded. To resolve domain name you need either the current block chain or use a public name server that participates in the Namecoin system. Namecoin uses a separate block of Bitcoin chain. The software is open source and is hosted on GitHub.

==See Also==

* [[Dot-bit]]
* [[NamecoinUs]]
* [[Cryptocoin]]

==External Links==

* [http://github.com/vinced/namecoin Namecoin Project] on GitHub
* [http://dot-bit.org dot-bit.org] project, focused on the domain registration aspect of Namecoin
* [http://whois.namecoin.us/ Namecoin (.bit) WHOIS Server]
* [http://liliontransfer.org/ Lilion Transfer] Exchange where you may exchange NameCoin to 20 currencies, 70 e-currencies, 20 e-wallets or 3 cryptocurrencies.
* [http://exchange.bitparking.com Bitparking BTC/NMC] Namecoin <=> Bitcoin exchange
* [https://vircurex.com Vircurex] Buy, sell and trade your Namecoins
*[http://www.crypto.st Crypto Street - Advanced Trading Exchange for Namecoins]

==References==
<references />

[[Category:Open Source]]
[[Category:Digital currencies]]
[[Category:Alternative cryptocurrencies]]

Litecoin

2013-04-25T21:56:26Z

Geoburke: Added Crypto Street

== What is Litecoin? ==
Litecoin is an alternative cryptocurrency based on Bitcoin. It differs from Bitcoin in that it targets a faster block rate (2.5 minutes) and uses scrypt for the primary hashing done in mining.

While scrypt was claimed to be resistant to GPU-based mining early on, GPUs are currently the most efficient hardware with which to mine Litecoins.
One of the aims of Litecoin was to provide a mining algorithm that did not compete with Bitcoin.

In March 2013, Litecoin reached a market cap of $10 million and achieved a network strength above two gigahashes/second. This compares roughly to a network strength for Bitcoin of two terahashes/second.

== Differences from Bitcoin ==

==== Scrypt Proof of Work ====
Litecoin uses scrypt as a proof-of-work scheme. Scrypt adds memory-intensive algorithms to reduce the efficiency of the kind of parallelization that GPUs offered in early Bitcoin mining. This led to Litecoin primarily being mined with CPUs at the beginning. CPU-based mining has been challenged by the appearance of more energy-efficient GPU-based mining around July/August of 2012 bringing a roughly ten-fold increase in network hashing strength. GPUs are currently the dominant Litecoin mining technology.

Scrypt has been less widely used and analyzed than the SHA2 hashing algorithm used in bitcoin, so there is some concern about possible weaknesses in its cryptographic scheme being discovered in the future.

==== Faster Blocks ====
The Litecoin blockchain differs from Bitcoin in that it generates blocks every 2.5 minutes on average (four times Bitcoin's rate).
This means that merchants who accept transactions only 1 block deep get that confirmation quicker.
However, it should be noted that more blocks are required to achieve the same amount of confirmation strength as Bitcoin (6 blocks of litecoin are not equivalent to 6 blocks of bitcoin).
Unfortunately, this increases the number of hashes that are wasted in mining since miners will working from the non-best block more of the time.

==== 84 Million Litecoins ====
Litecoin started with miners generating 50 coins per block as with Bitcoin, but to maintain Bitcoin's inflation rate chage schedule, the block reward gets halved every 840,000 blocks. As a result, the network is scheduled to produce a total of 84 million litecoins.

==== Different Addresses ====

Litecoin addresses start with L due to their version number. Otherwise, they are generated identically to Bitcoin addresses.

==== (Slight) Premining ====
Litecoin had two blocks premined, one more than the minimum single genesis block needed to start a block chain.

==Criticism==
==== Redundancy ====

Besides a faster first confirmation, Litecoin does not provide any other features over what Bitcoin provides.
Because of this lack of innovation, some believe Litecoin is unlikely to match or surpass Bitcoin's value or user-base.
It remains to be seen if the use of a different mining algorithm and faster block times add sufficient value for Litecoin's long-term survival.

==== Not Silver to Gold ====
Some argue that Litecoin cannot make sense as "silver to bitcoin's gold", because Bitcoin itself is both gold and silver:
While in the long-run, the BTC unit may be too valuable for everyday trade ("gold"), there are other, much smaller [[units]] that can just as well serve the purpose of "silver" while being naturally/automatically "converted" to/from BTC.

==== Vulnerability to mining monopoly ====

Similarly to Bitcoin, Litecoin can be attacked by an entity that can match or exceed the hashrate of the network. Such a "51% attack" becomes more difficult to launch and maintain as the hash rate of the network grows. However, this argument posits that Litecoin is designed to be inefficient on all common computer components (both CPUs and GPUs) meaning that a malicious entity need only produce a small batch of specialized/custom hardware to overtake all the commodity mining systems combined.

===== Memory bandwidth refutation =====
Some attempt to refute this by arguing that scrypt is not designed to be inefficient, but is instead designed to be highly dependent on memory bandwidth.
Since the high-speed cache RAM on modern processors already takes up most of the die space, no sizeable improvement could then be made by creating custom chips.
If we accept this argument we then estimate the cost of attack utilizing GPUs that are avilable today.

To do so we start with an estimated cost of hardware at $600 per megahashes per second and the March 14, 2013 Litecoin network hashrate of 2,500 megahashes per second.
The total amount of equipment necessary to match and takeover the Litecoin network via 51% attack is then an estimated $1.5M USD (or about 5,000 AMD HD 5970s).
There are tens of thousands of GPUs that are in the process of being made unprofitable for mining on the Bitcoin network ASICs.
While these GPUs may be redeployed for Litecoin, a proportional and sustained rise of the Litecoin exchange rate would be required to support this additional GPU mining activity.

==== Pump and Dump Scheme ====
According to some, one or more of the aforementioned reasons imply that Litecoin has no future potential, and therefore effectively functions as a [http://www.investopedia.com/terms/p/pumpanddump.asp "pump and dump" scheme], rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing).

Additionally, people often complain that the Litecoin community misrepresents it in other ways, such as portraying "faster block times" as if it makes transactions faster, and scrypt as if it is resistant to ASIC or FPGA hardware, in order to pretend Litecoin has value and inflate its value.

It's important to note, generally these critics do not think that Litecoin/Blockchain currencies are pump and dump schemes "per se"; but rather that the existing network effect of Bitcoin, combined with the lack of meaningful differentiation between Litecoin and Bitcoin and Litecoin's adoption of a "designed to fail" proof-of-work algorithm; that Litecoin is bound to fail in the end. Bitcoin does not suffer from these "flaws" and therefore does not fall under the "pump and dump" scheme, according to this argument.

==External links==
*[http://litecoin.org/ Litecoin website]
*[http://forum.litecoin.net Litecoin forum]
*[http://explorer.litecoin.net/ Litecoin block explorer]
*[http://www.ltc-charts.com/ Charts]
*[http://litecoinscout.com/static/ Litecoin network graphs]
*[https://github.com/litecoin-project/litecoin/wiki Litecoin wiki]
*[https://www.litecoinglobal.com Litecoin Global Exchange (virtual stock exchange)]
*[http://www.crypto.st Crypto Street - Advanced Trading Exchange for Litecoins]

==See also==
[[Cryptocoin]]

[[Category:Alternative cryptocurrencies]]
[[Category:Digital currencies]]