Responsibility is the price of freedom
Let’s be honest – cryptocurrencies aren’t user-friendly just yet. Securing crypto assets isn’t as easy as we’d like it to be; it takes some skill, dedication and a bit of patience to secure your bitcoins properly.
Every now and then we hear a newsworthy story of some guy who lost a considerable amount of money because he lost the private keys to his wallet, got hacked, or the third-party service provider that had custody over his private keys got hacked.
Continue reading Bitcoin Security: How to secure your Bitcoin Transactions and Investments
In this article we’ll dive deep into the what, why, and how of consensus algorithms – the most overlooked component of every successful cryptocurrency.
First off, we will take a look at the Byzantine Generals’ Problem as one of the major issues a distributed network must overcome to function properly, and then we will move on to some of the most widely used consensus algorithms and look at the way they work in greater detail.
While this isn’t exactly a casual read, we promise all cryptocurrency enthusiasts (newbies and experts alike) that there’s valuable information ahead that will surely broaden your understandings on the subject.
Continue reading Cryptocurrency Consensus Algorithms Bible: Everything you Need to Know
National cryptocurrencies are slowly creeping their way into our lives. At present, Venezuela is the only country with a “functioning” national cryptocurrency as legal tender, but this only the beginning of a newly emerging trend. Russia, China, Estonia, Iran, and Turkey are just a few of the countries that have made their intentions of creating a national cryptocurrency public.
There’s no doubt that digitalization of money is inevitable. In fact, about 92% of all the money in the world exist in digital form, and digital payments are slowly replacing cash payments. Countries like Norway, Sweden, and Denmark are already planning to stop using cash altogether.
Continue reading National Cryptocurrencies – The end of Financial Privacy
Bitcoin is often regarded as an anonymous cryptocurrency because it is possible to transmit and accept bitcoins without giving anyone your personally identifying information. While this is true, the current version of the protocol is not exactly anonymous.
When Bitcoin was first introduced in 2009, its creator Satoshi Nakamoto envisioned it to be a private and secure protocol for transfer of value over the Internet. Before 2014, the general public didn’t really understand how the blockchain technology operates; there was very little information on the Internet and the limited info that was available was usually catered to developers/cryptographers who already knew a lot about the technology.
Continue reading How to Use Bitcoin Anonymously
The Silicon Valley legend Naval Ravikant is an Indian-born, self-made multi-millionaire, entrepreneur, investor, adviser, influencer, and a passionate cryptocurrency enthusiast. He’s widely known as the CEO and co-founder of AngelList, a U.S based platform where startups meet angel investors and job-seekers find work at startups.
During his lifetime (he’s 44 at the time of writing this article) he has invested in more than 100 companies including Uber, FourSquare, Twitter, SnapLogic, Yammer, and many others. Although he has attained massive success and reputation as an angel investor, this article won’t bore you to death with all of his financial achievements, but instead it’ll focus on Naval’s extraordinary mind, his contribution to the start-up community and, of course, his importance in the crypto industry.
Continue reading Naval Ravikant: Complete Profile and Meta List of All Things @Naval
According to the official website, Neo is “a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a ‘smart economy’ with a distributed network. ” The project was initially introduced as AntShares (ANS) in February 2014 and was funded by two crowd sales. Its initial coin offering (ICO) raised over $4.5 million; the first crowd sale took place in October 2015 during which 17.5 million tokens were distributed, and the remaining 22.5 million tokens allocated for sale to early investors were distributed during the second crowd sale.
Continue reading NEO Review – The Ultimate Guide
The Dash coin was created by Evan Duffield on January 18, 2014. Originally released as XCoin (XCO) and rebranded to Darkcoin in February 2014 – the promising Dash cryptocurrency finally settled on its current name on March 25, 2015.
A derivative of Bitcoin, Dash coin is essentially digital cash that works exactly like physical cash, except it’s exchanged on a highly secure, decentralized peer-to-peer network. It was designed to have a total supply of 18 million coins, 2 million of which were mined during its first day, and around 8 million of which are in circulation at the time of writing.
Because Dash’s code is based on that of Bitcoin, Dash is compatible with all existing wallets and exchanges originally developed for Bitcoin. When measuring node count by market cap, Dash’s infrastructure robustness is more than an order of magnitude higher than the competitors’ like Bitcoin and Ethereum.
Continue reading The Dash Coin – Ultimate Guide
Elizabeth Stark is the co-founder and CEO of Lightning Labs, a company that “scales blockchains” based in San Francisco.
She is also a fellow at Coin Center, a non-profit research center for advocating and developing sound government policy regarding Bitcoin, Ethereum, and other decentralized technologies; an advisor at Comma.ai, a company that develops a self-driving kit for cars.
Continue reading Who Is Elizabeth Stark – a Bolt of Lightning!?
Since the inception of Bitcoin, there have been a multitude of carbon copy cryptocurrencies, and numerous others that focus on improving the privacy features offered by blockchain technology. Of these, many have proven to be scarcely more private than the original, but a few, offer a feature set worthy of acknowledgement. Enter Zcash.
In a world where privacy is becoming an increasingly rare commodity, due to the progressive digitization of our lives, one cryptocurrency aims to give us back something that we risk losing; the freedom to spend our own money in private. The need for privacy dates back as far as human existence, we created clothes to cover our nude bodies, houses with separate bedrooms to shield us from one another, and anonymous outlets through which we can convey our true feelings and opinions.
Continue reading The Ultimate Guide to Zcash: Complete Review
What is Bitcoin mining? Mining is the process by which new bitcoins are created and simultaneously, the way the bitcoin system is secured. Through mining, bitcoin transactions are validated and cleared. Mining is a sort of decentralized clearinghouse because it secures the bitcoin system and enables a network-wide consensus to be achieved without a central authority or a trusted third party. It is the invention that makes cryptocurrencies revolutionary. Well, technically, Bitcoin is an emanation of an ingenious solution to the double-spending problem and the Byzantine Generals’ Problem. And here you will find out how to mine Bitcoin.
Continue reading How to Mine Bitcoin: The Ultimate Guide to Start Mining Bitcoins