Right off the bat, this article has no intention of digging deep into the legal nature of cryptocurrencies or deconstructing specific national regulations, but rather it strives to paint a general picture of the regulatory approaches undertaken by governments all over the world, and the problems they’re currently facing.
More importantly, it aims to equip you with sufficient knowledge of the legal intricacies surrounding Distributed Ledger Technology frameworks, so you can get a general sense of the direction which government regulators are taking in regard to cryptocurrencies and distributed ledger technology.
Hopefully, this will allow you to better manage your expectations and predictions about the pace and direction this stochastic industry is about to take in its future development.
Continue reading An Introductory Guide to Cryptocurrency Regulation
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.
Nick Szabo is a living legend in both the cryptocurrency and cryptography worlds. Although he’s not a household name, and if you’re new to the crypto games, you probably would have never heard of him. However, Nick Szabo has godlike status amongst the sincere crypto enthusiasts.
The man’s extensive range of interest, extending from the origins of money, economic and legal history to cryptography and blockchain technology makes him a natural polymath and a one-of-a-kind man.
Continue reading Who is Nick Szabo, The Mysterious Blockchain Titan
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
As far as Bitcoin is concerned, 2017 was a year for the dreamers, the believers and the overachievers.
A combination of unbounded optimism with sheer dumb luck saw the first Bitcoin billionaires, a title proudly held by none other than the Winklevoss brothers. Bitcoin outranked entire countries in terms of energy consumption and market cap against GDP, and somewhere in a Newport landfill site lies an infamous $100 million hard drive, containing 7,500 discarded Bitcoins.
Continue reading 2017 in Bitcoin’s Terms: A Year Like No Other
Imagine what it would be like if you’ve just sent some Bitcoins and the network is yet to confirm your transaction. And then, you realize that you’ve been patiently waiting for two whole hours and the Bitcoin appears to be stuck in an imaginary tunnel.
Your contact on the other end is beginning to question the veracity of your claim. You’ve sent them the transaction hash, but all this block and chain stuff are beginning to come off as some high sounding chicanery – after all, just how old is this technology anyway? Who is to say some enterprising upstart somewhere hasn’t found a way to “tickle” the system and this transaction right here was ground zero!
Continue reading Bitcoin Transaction Accelerators: No More Bitcoins Stuck in Traffic
In today’s world of advanced civilizational dependence on technology, one can barely make the case that today’s society, although declaring to respect and cherish individual freedoms, gives any value to one of the essential human needs- privacy.
Individual dignity, integrity, personal autonomy, and independence are one’s essence as a human being, and these values lay the grounds of what humans conceptualize as privacy.
Continue reading The Ultimate Monero Guide
What’s happening in the world of cryptocurrency is nothing short of a revolution. The potential of Bitcoin investing is still not fully understood by even the most active players in the market. Its capitalization as of today is valued at $220 billion (subject to change), and the daily trading volume is $4 billion (approximated).
Since the birth of cryptocurrency, there have been many questions like “Is it too late to invest in Bitcoin?” or “Can I make money buying it today?”.
Continue reading Bitcoin Investing: Is It Too Late to Invest?