On August 24, 2017, an expansion of the Bitcoin network to enable the accommodation of the vastly increased customer base and transaction volumes was carried out. This Segregated Witness (also known as SegWit) implementation was a soft fork change in the transaction processes of Bitcoin.
SegWit was implemented in order to make Bitcoin transactions less malleable and more adaptable to enhancement in the size of the blockchain to increase transaction speeds. It had become clear that a new technology was needed for Bitcoin: one that could provide an extra layer to the existing blockchain to make transactions cheaper and quicker, without altering the basic structure or existing security backing of the network.
SegWit was thus produced to make the development of such technology possible.
The technology that was proposed to address these issues with Bitcoin was the Lightning Network.
Continue reading Lightning Network: The Guide That Tells Everything You Need to Know
The price of Bitcoin has surged from just over $1,000 in the beginning of 2017 to over $15,000 in 2018. Many other cryptocurrencies have followed very similar trends. As a result, it is only natural that ICOs have witnessed a huge flurry of attention from people in just about every corner of the world.
ICOs have captured the attention and interest of millions. Everyone from seasoned investors to curious newbies trying to get their feet wet seems to want to get involved – and it’s no surprise why.
First of all, I’m your average Joe. I’m not an entrepreneur, I’m not a trader and I’m not a developer. I’m a guy who was in a job I hated, in a town I wanted to leave and relationship going southward and by a few leaps of blind faith, I found myself stumbling into the right place at the right time.
I had heard of Bitcoin before. I couldn’t tell you when or where but it was a word I was familiar with. For some reason, it had never really turned my head or caught my attention until I took a break from my stagnant career and embarked on a journey across the world.
Continue reading The Rise and Fall of My Bitcoin Fortune: A Story and Guide
Ethereum is the next big technological step for humankind. From a comparative standpoint, if Bitcoin is decentralizing currency, Ethereum is decentralizing the Internet. Ethereum will change everything: the way we exchange value over the Internet, the way we use our computers, it will revolutionize the development of applications, communications, and ultimately our futures.
From a technical standpoint, the Internet is nothing but a set of systems and protocols made to interconnect us and enable us to share all kind of information.
Continue reading What is Ethereum (ETH): The Ultimate Guide
Have you ever thought why a charity or a nonprofit organization would want to use cryptocurrency in the first place? If you are a member of either one of those, you would already know how hard it is to find new and creative ways to fund your mission. It is a grueling process. Various charities have distinctive forms of fundraising depending on their mission, the region they are operating in and other circumstances.
Continue reading The Complete Guide on How to Accept Cryptocurrency Donations for Charities and Individuals
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)
As Mariah Carey comes out from wherever she’s hiding for the rest of the year to take over every radio station for a whole month, it’s time for you to start preparing for the holidays!
We are only weeks away from Christmas, and whether you’re celebrating the birth of Jesus Christ or just there for the annual family roast (not the food kind), one thing is for sure; Christmas is the time for family and friends to come together and spend some quality time over food, drinks and gifts!
It truly is a magical season, especially for crypto enthusiasts, since the holidays can be the perfect occasion for them to share their passion and introduce a big part of their lives to their loved ones. If you are one such enthusiast, here’s how to kill two birds with one stone…
Continue reading Santa Does Crypto: How to Give the Gift of Bitcoin this Christmas
Getting started with Bitcoin shouldn’t be difficult and to help out, we’ve created a detailed introduction to bitcoin for beginners that will make things easier. Everything you need to know about bitcoin and cryptocurrency is found below. What is bitcoin and how does it work, what are blockchains, Bitcoin miners (and how does Bitcoin mining work), and how do cryptocurrencies work? These are just some of the questions we’ll try to answer.
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 (BTC): Introduction to the Cryptocurrency World