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.
Both a computer scientist and a legal scholar, he married his two central interests and, in 1996, gave birth to the concept of “smart contracts.” Many years later, “smart contracts” became the central “feature” of the Ethereum blockchain protocol and gave rise to a whole new way of commerce on the Internet.
Continue reading 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
What are Bitcoin Transaction Accelerators?
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
First, Let’s Talk About Privacy
“They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety”- Benjamin Franklin
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 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?”.
If you’re starting out and don’t understand the basics of Bitcoin mining, take a look at our comprehensive guide on Bitcoin.
Continue reading Bitcoin Investing: Is It Too Late to Invest?
More often than not you will see major news sites covering Bitcoin as some form of criminal Arcadia. They are quick to point a finger at things like Silk Road, Bitcoin being used for money laundering and terrorist financing, drug dealings and what not.
And sure, they would be right to do so, if that was all that Bitcoin is good for.
Five days ago a post titled “I am donating 5057 BTC to charitable causes! Introducing The Pineapple Fund” popped up on the Bitcoin subreddit, and instantly caught on fire with more 2875 comments and 19k+ karma in five days!
Continue reading Not all heroes wear capes. Some eat pineapples!
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.
Continue reading What is Ethereum: The Ultimate Guide
Why Accept Cryptocurrency Donations?
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
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.
Continue reading Bitcoin Mining: The Ultimate Guide to Start Mining Bitcoins