Most new investors that have made their first bitcoin purchase usually struggle to find a wallet that is right for them. While there are hundreds of Bitcoin wallets available to be downloaded on the internet, not all of them are continuously updated or even developed with strict security standards in mind.
However, it seems that the cycle of negative publicity has not yet ended for the blockchain development platform.
EOS has gained newfound traction across the cryptocurrency community after Ethereum co-founder Vitalik Buterin shared his views on the delegated proof of stake mechanism used by EOS.
This question may come up in many a discussion with newbies entering the cryptocurrency domain, but surprisingly, even some who have been in the cryptocurrency field for a while may still have some confusion as to the strengths of the individual coins.
The question above can bring about a look of bewilderment on the faces of some, while others answer the question with a sense of elderly wisdom, telling young grasshoppers that Bitcoin is to an apple what Ethereum is to an orange. The two are playing in different dimensions.
This extensive comparison is meant to provide a sense of clarity on the matter of the differentiation between the two prominent cryptocurrencies, Ethereum and Bitcoin.
The pressing talks of regulations and investigations by governments all over the world have caused users of cryptocurrencies to be concerned about the issues of protecting their privacy through these digital assets.
It is a widely known fact that while famous public blockchains such as Bitcoin and Ethereum do not share their users’ personal information on the network, other details like transaction statistics are shared. These transaction statistics include the amount shared and the network addresses involved in the transaction. This information is published publicly to maintain a transparent ledger.
Paxful is a global, peer-to-peer marketplace used to buy and sell Bitcoin easily, without the use of a third party intermediary, such as an exchange. Think of it as the eBay of Bitcoin as it connects buyers and sellers, and lets them set their own price.
Paxful was started in 2015 by Ray Youssef and Artur Schaback and is incorporated in Wilmington, Delaware, USA. While it is a U.S. corporation, it faciliatates trades on a global basis, and can be used in most any country in the world. The exceptions are those countries that have an outright ban on Bitcoin, and some countries that are under trade embargos by the U.S. These unsupported coutries at the time of writing are: Balkans, Belarus, Burma, Cote D’Ivoire, Cuba, Congo, Iran, Iraq, Lebanon, Liberia, North Korea, Somalia, Sudan, Syria, and Zimbabwe.
Kraken is a cryptocurrency exchange with headquarters in San Francisco, California, United States that was launched in July 2011, making it one of the oldest existing cryptocurrency exchanges. It was founded by Jesse Powell, who remains the CEO of Kraken, but the exchange is now owned by Payward Inc.
Despite its location in the U.S. it bills itself as “the world’s largest Bitcoin exchange in euro volume and liquidity”, and it serves clients in Europe, the U.K., the U.S., Japan and other countries across the globe.
It is also noteworthy that Kraken is the exchange providing pricing data to the Bloomberg Terminal, as well as being the exchange chosen to provide Mt. Gox creditors with claim support following the catastrophic 2014 hack that saw 650,000 Bitcoin go missing.
This is a guest post by Kaira Jewel Lingo, a mindfulness teacher and spiritual mentor I’ve met a few years ago at a wonderful retreat in Devon, UK. I have been using her guided meditations for many years in order to get some calm and ease in the middle of a busy day, or at the end of it. So it’s a great pleasure to invite Kaira Jewel to teach us how to slow down and enjoy life around our screens:
Many of us spend much of our day on the Internet, focused on things like web development, design, trading, mining, or learning about the ever-fascinating world of cryptocurrencies. Already surfing the Internet in our downtime for pleasure, shopping, or to read up on news can be quite addictive, all the more so when we must be online all day for our jobs and our income depends on rapid responses and quick decisions to market trends. It’s so easy to get sucked down the rabbit hole and lose ourselves.
There are practices we can learn to help us to regain perspective, maintain our balance, joy, relaxation and ease and engage mindfully with technology. It’s not easy, but it’s extremely worthwhile.
Whether all these new exchanges are worth trading with is another question entirely, which is why we need to take a closer look at the development of the exchange, its safety features, its customer service, and potential growth prospects for the long term.
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.
A hard fork is used to describe a radical change in the Blockchain that leads to the replacement of an existing protocol, that invalidates or validates existing transactions or blocks.
This necessitates that all the parties to the specific Blockchain enforce a system upgrade to accommodate the new software protocol. So without any further ado, let’s delve into what a hard fork is.