Here’s a detailed introduction to bitcoin, and how it came to be. Learn how blockchains, bitcoin miners, and cryptocurrencies work.
Throughout history, people have used a variety of methods to exchange value between each other. At the beginning, people transacted with commodities with an intrinsic value such as livestock, seeds, gold, and silver. Less valuable commodities were also used, such as cowry shells or beads.
These methods of transactions were gradually replaced by coins and paper money. Later on, commodity-backed money appeared, which consisted of items representing the underlying commodity (for instance: gold certificates).
For the longest time, currencies were privately issued; governments did not claim a formal monopoly over the issue and use of money within their territories- and people were free to transact in the way the deemed proper.
Continue reading A Beginner’s Guide to Bitcoin: Introduction to the Cryptocurrency world
If you’re just entering the cryptocurrency sphere in 2018, you’re in for a treat. The past year has been one of the most exciting years in the crypto-scene, full of drama, scams, forks, and new and often confusing regulations. If you’re just starting to read up on things, the chances are, you’ll encounter chaos as you’ve never faced before, and the difference between BTC vs BCH is one of the things you should learn first.
Booming and crashing markets, thousands of different tokens and coins, different block chains, scaling technologies, fake news, millions of new blogs popping up everywhere — all in all, it’s just one big mess. On top of that, after getting spammed about Bitcoin over and over again, you finally decide to see what’s all this fuss about, and you come to learn that there’s more than one Bitcoin?
What kind of sorcery is this? Here you go- a comparative study of Bitcoin vs Bitcoin cash!!
Continue reading Bitcoin vs Bitcoin Cash – A Comparative Study
Why invest in Bitcoin?
We are at the forefront of another “dot-com” boom. The entire cryptocurrency market is breaking all-time highs across the board. Bitcoin is now one of the 30 or so largest currencies in the world, and all across the world, people are looking to invest in bitcoin.
According to the 2017 study done by the Cambridge Centre for Alternative Finance, the Global cryptocurrency benchmark study, the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million and between 5.8 million and 11.5 million wallets are estimated to be currently ‘active’.
Are we in a bubble? Definitely.
But that statement doesn’t say anything, does it? For example, at what stage of the bubble are we at the moment? Well, let’s look at the numbers.
Continue reading How to Invest in Bitcoin: A Guide for Beginners (2018)
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
A Russian entrepreneur, Vladimir Orehov, has filed a lawsuit against Google in Russia because of the search giant’s restrictions on cryptocurrency-related ads. The entrepreneur is claiming over $34.7 million in compensation from a Russian Google entity ООО «Гугл».
Orehov is claiming that undue prejudice and unfair business practices by Google have denied him the opportunity to invest in cryptocurrency projects and also find venture capital for his own ambitions in the arena.
Continue reading Russian Lawsuit Wants Google to Stop Playing Crypto-Nanny
These days, Mt. Gox is referred to as the defunct cryptocurrency exchange that went bankrupt in 2014 as a result of one of the most devastating crypto exchange hacks in the history of the crypto market. Nevertheless, the saga of the once largest cryptocurrency exchange platform in the world is anything but over. Every now and again, a story relating to Mt. Gox captures most of the headlines in the cryptocurrency community.
Continue reading I’m Not Responsible for Bitcoin Price Crash says Mt. Gox Trustee
TrueEX, one of the major players in the derivatives market is planning to make the move to the burgeoning bitcoin derivatives market. During an announcement on Monday, March 12, 2018, the company said that it wants to begin offering bitcoin as well as other cryptocurrency derivatives.
Continue reading Derivatives Exchange Platform set to Offer Bitcoin Derivatives
Bitcoin has many possible use cases, just like cash or any other type of fungible asset. One thing that has become clear in the past year of cryptocurrency-related companies being created is there are many different potential applications of Bitcoin. In the early days of Bitcoin, one constantly highlighted benefit to the cryptocurrency was the simplicity of dealing with cross-border payments. People would always say it was great for facilitating capital flight in countries that were normally extremely restrictive, like China. But one use that is now coming to receive lots of interest is remittance payments.
Continue reading Bitcoin Remittances Market Shows Promise As Next Big Niche
Robert Collins Jr., popularly called “Bo”, a former president of the New York Mercantile Exchange (NYMEX) is set to launch a new institutional crypto exchange platform. This new platform is being designed to target broker-dealers and institutional investors/traders in the cryptocurrency market.
Continue reading Former NYMEX President to Launch Institutional Crypto Exchange Platform
Although blockchain technology is extremely current and typically associated with the millennial generation, South Korea is demonstrating that the association is not necessarily valid, even when it comes to virtual currencies.
Reports are pointing to both a greater volume and a greater enthusiasm among older Koreans, who are dominating their younger fellows investing in cryptocurrency.
Continue reading Middle-aged Koreans Leave the Youngsters Trailing When it Comes to Cryptocurrencies