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
Bitcoin cannot be mentioned without Hal Finney. One of the earliest Bitcoin pioneers, he was the first person to receive the world’s first Bitcoin transaction and he has often times been identified as Satoshi Nakamoto. In the world of cryptography, Finney is a key figure and a grandmaster. He always had a keen interest in cryptography payment schemes, and when Satoshi Nakamoto brought Bitcoin to the limelight, he felt positive and convinced, while many cryptographers were sceptical about the cryptocurrency. Hal Finney and Phil Zimmermann worked together at PGP (Pretty Good Privacy) Corporation which Zimmermann started.
Continue reading Hal Finney – Bitcoin Pioneer Cryptographic Legend
Tim Draper is a man who needs no introduction in the world of finance as he is a colossal figure responsible for a number of companies that span many business niches. He is also one of the few mainstream finance magnates who has shown open support for Bitcoin, cryptocurrency and blockchain technology in general. His support for the crypto revolution hasn’t just been in words only but he has also demonstrated this support by investing in a number of blockchain-based startups.
Continue reading Tim Draper: The Quintessential Crypto Venture Capitalist
There is hardly any doubt that Bitcoin is more than a bit of an economic revelation. The cryptocurrency that was born out of the eponymous 2008 Bitcoin white paper and launched the following year has been catapulted to the forefront of global attention. The emergence of Bitcoin launched blockchain technology and introduced cryptocurrencies to the world. In less than a decade that Bitcoin has been around, it certainly has made the news a lot. One question that has defied any definitive solution has been the puzzle of just how to value Bitcoin. The answer may lie in an approach developed by a Swiss research team.
Continue reading ETH Zurich Researchers Use Network Theory To Predict Bitcoin Value
Amid a documented downturn in volume trading for 2018 across global exchanges, LocalBitcoins has recorded a number of trading volume spikes across various markets since mid-March 2018. Worldwide, the exchange’s volume pushed up to around $75 million for the week ending March 31, 2018.
Continue reading Bitcoin Trading Volumes Up on European and Canadian P2P Markets
The big guy from Silicon Valley wants a bite of the crypto pie and has decided that filing a new patent for a Bitcoin mining chip “accelerator” would be the best way to go about it.
How the crypto community reacts to it remains to be seen, but from the outset, it looks as though the chip giant wants to gain their trust by promising more energy-efficient mining.
Continue reading Intel Wants To Speed-Up The Bitcoin Mining Process With A New Chip
Thomas Lee is certainly no stranger to the world of finance be it mainstream or cryptocurrency. The former chief equity strategist at J.P. Morgan Chase is the only major Wall Street analyst to issue formal reports on the Bitcoin market. The co-founder of Fundstrat has been unequivocal in his stance that Bitcoin is going to bounce back from its current malaise, even going as far as to predict earlier in the year, a midyear price of Bitcoin in the $20,000 region and an end of year price of $25,000.
Continue reading Long-term Bitcoin Hodling is a Good Strategy, says Wall Street Analyst