Just 5 short years ago it was fairly difficult to find cryptocurrency and blockchain resources. Oh, they existed, but only a handful, and some of the sites were very primitive and not user friendly. Jump forward to 2018 and we are spoiled for choice, with literally hundreds of blogs, vlogs, podcasts, tools and resources in the cryptocurrency space, with even more being added every week.
The advent of blockchain technology and cryptocurrencies has opened the world to a number of interesting possibilities and questions. The possibilities seem endless (much like the seemingly infinite list of cryptocurrencies). Yet, with these possibilities, a number of questions arise.
These questions primarily focus on the value that blockchain bribings to society, the intrinsic value of cryptocurrencies (especially, leading cryptocurrencies like Bitcoin) in contrast with fiat currencies.
2Already 80% of all Bitcoins have been mined (as of January 15, 2018) so let’s see how many Bitcoins are left. The Bitcoin blockchain was designed to only ever produce 21 million Bitcoins. Once all of these are produced and mined there won’t ever be another Bitcoin produced. This is known as controlled supply and is in direct contrast with the way national currencies are handled by central banks.
National, or fiat, currencies have an ever expanding supply. This has several reasons, one of which is that it creates inflation, which global governments encourage as a way to grow the economy. Unfortunately it also leads to the devaluation of the currencies, and in many cases this also leads to a reduction of wealth for citizens.
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.
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.
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.
There is an increasing number of blockchain and crypto enthusiasts who are diving into crypto trading and speculation these days following the crypto craze.
And, there are a huge number of blogs, Telegram channels, and subreddits that have fresh investment and market trading advice meant to help experts and newbies alike.
But the thing is:
I’ve always felt that the best speculations and trading advice are straight out of podcasts and YouTube channels.
In this post, I’ve reviewed over 100 podcasts and compiled a list of the best ones to help you out on the journey to become a professional crypto trader.
It doesn’t matter if you’re doing TA, “hodling” or simply trying to make a quick buck. These podcasters will help you.
To make a layman understand the basics of Bitcoin, I’d like to quote a statement by Peter Diamandis (the renowned physician, engineer, and entrepreneur),
“Bitcoin is smart currency, designed by forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions of all good things”
Bitcoin has become quite the hot topic and has left many people yearning to learn more and be involved. If you are one of those people with a desire to fully explore the cryptocurrency world, then it’s high time you delve into the community.
Coinbase, the most popular bitcoin exchange in the United States has banned the Wikileaks Shop account from using its services. The ban was issued due to an alleged breach of the platform’s terms of service although no specifics were given. In response, Wikileaks has called for a global blockade of Coinbase citing the non-specificity of the allegations and the suspected involvement of U.S. government interference. According to Greg Barns, a part of the Julian Assange legal team, the move symbolizes an attempt to block free speech. Barns also went on to say that the situation with Coinbase is symptomatic of the opposition that Wikileaks faces in the mainstream financial scene.