This Educational Library will cover every subject related to the cryptocurrency sector. Bitcoin will have its unique place as the leading digital currency. We will take a particular interest in themes associated with the top ten coins and tokens; also, articles covering new digital technologies and advancements in DLT technologies. All aspects of the technology such as security, anonymity, wallets, buy, sell, and transfer cryptocurrencies will also be covered.cryptocurrencies will also be covered.
With blockchain technology taking space in all manner of industries, we will inevitably talk about blockchain application in one of the most crucial sectors – healthcare. If there ever was an industry that could benefit from blockchain’s immutability, transparency, and centralization, it is healthcare.
About 10 or 11 years ago, the world couldn't have foreseen a new class of digital currencies that would threaten to upset the global financial order. As of now, cryptocurrencies are firmly the leading tradable asset - overtaking others that were since the beginning of trading. And a cryptocurrency that's not even out yet - Libra, sent economic experts into a panic mode as they decried the influence it would have on the world's finance system.
Every new week we hear of yet another new cryptocurrency being launched. Launching of cryptocurrencies and Initial Coin Offerings (ICOs) go hand in hand...
The crypto market is flooded with thousands of coins, and every new week we hear of another one joining the bandwagon. With this level...
According to a report by Chainalysis, crypto Ponzi schemes are now the biggest crypto crime. In 2019, Ponzi schemes accounted for 92% of proceedings...
The days are long gone when bitcoin was the hype surrounding blockchain technology. The blockchain space had expanded in ways no one could have envisioned when the technology was still in infancy. One of the most exciting topics in the space right now is that of decentralized autonomous entities.
Music is a universal language that connects all of us, regardless of where we come from or what language we speak. Music makes us move and dance and lifts our moods and spirit. But how much do we know about what goes on behind the creative scenes? Unlike the music itself, the goings-on in the music industry are not as harmonious.
Revenue from the gaming industry is projected to increase from $135 billion to over $300 billion by 2025. As has always been the case, the industry relies heavily on new technologies to propel its growth. With blockchain technology finding use across various industries, the gaming sector is banking on this technology not just to increase the industry's revenue but also to improve gamers' experience. Besides, with the rise of eGaming, this is the best time to integrate blockchain in the gaming industry in anticipation of the crypto-market maturation.
For the last three years, Initial Coin Offerings (ICOs) have been compared to the dot-com bubble of the early 2000s. The two are much alike in that they led to significant loss of investors' money. The only difference being that ICOs caused an 85% drop in the crypto market cap, which is steeper than the dot-com's bubble - 78% crash.
The ability to have control of our own identities has never been more pertinent than today. This is the internet age - and that has massive implications for our privacy, security, and autonomy over our own identities. Two issues emerge: that of populations not having an identity, as well as the implications of entrusting our identities with big and powerful organizations.
-When Satoshi Nakamoto created the blockchain, he had far more far-reaching goals in mind: a secure technology that would power the world’s first cryptocurrency. And indeed, cryptocurrencies are the biggest adoption of blockchain today.
Cryptocurrencies were invented so that we could have deregulated, decentralized and peer-to-peer finance. What perhaps was not factored in was how we could trade one currency for another in the same kind of environment. Centralized exchanges – which are platforms through which individuals can trade one crypto to another, fill this gap. But these exchanges are not the most ideal crypto exchange platforms – because of issues that are inherent to them, and also because they do not live up to the tenets of cryptocurrency.
Many people acquainting themselves with the Ethereum ecosystem tend to overlook the Ethereum Virtual Machine, yet it provides really interesting tidbits into how the Ethereum ecosystem works.
Many people think that blockchain and distributed ledger technology are the same things. But as you will realize in this article, blockchain is one type of distributed ledger technology. There is no doubt that blockchain outshines all other types of distributed ledgers. After all, blockchain’s first application was Bitcoin – which is, to put it like this: a celebrity digital currency.
A lot can happen in a decade. And in the blockchain and cryptocurrency space, a lot has happened – and that’s remarkable, seeing we started using those terms just about ten years ago. From thousands of cryptocurrencies launched to entire organizations coming together to further the blockchain agenda – the industry is growing stronger.
A quick search on the internet about the most popular technologies will almost inevitably yield blockchain as one. Brought into existence by Satoshi Nakamoto, the creator of Bitcoin, blockchain was once dismissed as a fleeting fad, but now it’s one of the most talked-about and valued technologies. So much that industry after industry is exploring to see how it can help them accomplish tasks in faster, cheaper, more transparent, and more accurate fashions.
Ponzi schemes are financial fraud schemes that many investors know they need to watch out for, but they don’t actually know what exactly they are, or even how to watch out for one. Never mind that clever scammers are constantly improvising new ways to cheat unsuspecting investors out of their savings. And though the idea behind a Ponzi scheme is the same, it can be bent in many ways to con others.
Since Satoshi Nakamoto introduced blockchain to the world ten years ago, the technology has found utility in all sorts of interesting places – from supply chains to healthcare to media to finance. Blockchain, a technology whose idea was floated in the computing world but only brought to life in 2009, possesses certain features that have made it a highly sought after technology. And now, dozens of industries are scrambling to get a piece of it.
What would it be like if all blockchain projects could work together? Think of a universal blockchain system - one that would be used everywhere across all industries. Take Stellar blockchain, for instance, a project that makes it easy for users to come up with cross-border transactions even in remote, high-latency areas. Vechain blockchain, on the other hand, has almost similar capabilities, but with the aim to enhance supply chain management and business processes.
If you’re active in the crypto space, then you’ve definitely heard of Neo, a.k.a Ethereum Killer, a.k.a Ethereum of China. Ethereum seems the common denominator in both tags – probably because the two platforms have so much in common so much that China sees it as the challenger and the Asian equivalent of Ethereum.
Crypto newcomers will immediately notice two types of Ethereum in the space: Ethereum and Ethereum and Ethereum Classic. What they won’t know is the unfortunate story, turned intrigue, that spawned the existence of these two cryptocurrencies. Ethereum, the most popular blockchain after Bitcoin, was forced to split into Ethereum (ETH) and Ethereum Classic (ETC) in one of the most pivotal events in blockchain and cryptocurrency history.
According to a recent research article, about $4 billion worth of cryptocurrencies were stolen through security breaches in 2019. Mostly, these hacks targeted exchanges that hold a significant amount of cryptos in hot wallets - which are vulnerable to attacks thanks to their online status. And hackers are continually innovating new ways of leveraging loopholes, and even outdoing the current cybersecurity measures used by most crypto-asset holding services.
When Satoshi Nakamoto introduced Bitcoin to the world, he likely did not see the extent to which the technology would be adopted in the coming years. The Ethereum blockchain entered a few years later and demonstrated to everyone that blockchain is a versatile technology. Right now, these are the two most dominant blockchains in terms of market cap and public awareness. But they are also the poster children for the shortcomings of blockchain tech.
Ten years after blockchain arrived, it’s still one of the most misunderstood or plainly ununderstood technologies of our time. This is because it arrived with the fuss of Bitcoin - which was the first of what everyone knew about cryptocurrencies – themselves a misunderstood and sometimes frowned-upon phenomenon.
The first-ever blockchain, Bitcoin, is pretty much an open ledger where all and sundry can see your transactions, and those transactions can be traced back to you, if need be. While this level of transparency is partly what endeared many to Bitcoin, it is not amenable to the notions of privacy that are increasingly prevalent in today's world.
Blockchain, the technology that underlies cryptocurrencies, constitutes distributed ledgers shared across nodes (computers) participating in the network. These ledgers record data in a sequential fashion after cryptographically securing it. Once data is recorded on the blockchain, it can’t be deleted. This, among many other features of blockchain, like transparency and being deregulated, has given blockchain tech a revolutionary reputation.
In the crypto world, blockchain technology is essentially a ledger system on which cryptocurrency transaction data is recorded. Every entry is permanent and immutable, meaning it can't be altered in any way. The data is then verified through consensus by multiple nodes, which are basically computers, making the technology secure and reliable.
Speaking at an interview late last year, the new chairman of the U.S Commodity Futures Trading Commission (CFTC), Heath Tarbert, said that Ethereum Futures are likely to be launched sometime this year.
Towards the tail end of 2019, Bitcoin stagnated in the ranges of $7,000 to $8,000. However, at the beginning of this year, 2020, its price increased steadily to the highs of $9,443.96 and continued to show signs of strength. As the anticipation for even higher prices continues to grow, its quite clear that Bitcoin market was in a bull run, and perhaps will continue to be bullish for the better part of this year.
Being the first of its kind, Bitcoin can be termed as the king of cryptocurrency - a position that can also be attributed to its large user base.
On top of the list of the features or advantages that made cryptocurrency really take off are the privacy and anonymity benefits that its users enjoy. Most people have come to view the anonymity that blockchain offers as synonymous with digital privacy.
The days when blockchain was only associated with Bitcoin seem to be behind us now. Blockchain technology is currently being explored for all manner of applications. We’re currently talking about blockchain operating systems as the next blockchain trend.
Tezos is one of the most controversial cryptocurrencies to grace the scene. After a wildly successful July 2017 ICO that collected $232 million, its launch was postponed with controversy after another. However, the crypto finally launched in September 2018, rising above the cacophony to become the tenth most successful cryptocurrency as of February 26, 2020.
Today, data is more valuable than ever before. Whether it’s individual or company data, we treasure our data because it contains memories, sensitive information, transaction records, and financial records, and so on. In some ways, data is more valuable than money itself. And everyone wants fast and secure access to their data.
While the first generation of blockchains inspired us with dazzling qualities such as decentralization, immutability, and radical transparency, it has also proven to have scaling issues as interest in cryptocurrency surges. For this reason, many cryptos have sprung up to address the scaling issue and even do even more.
Blockchain’s first case was Bitcoin – which hoped to solve the problem of double-spending and the centralization of finance. Since then, thousands of cryptos have mushroomed, each with a promise to solve a problem that we may have not even known existed before, but whose solution we truly need.
The crypto community is still reeling from the news of an alleged theft of $45 million worth of crypto from an investor through a SIM-swap attack. The attack is thought to have been a $30M Bitcoin Cash Attack and a $15m Bitcoin attack.
Bitcoin brought with it blockchain technology – the technology that allows digital information to be distributed but not edited or copied. After it became a hit with Bitcoin, eager innovators from all over the world have made it their mission to replicate it in nearly every conceivable industry. From finance to healthcare to supply chains, industries are experimenting with blockchain to improve efficiency, transparency, and accountability in their systems.
Cryptocurrency represents freedom of finance. Decentralized, censorship-resistant, and peer-to-peer are some of the words that we ascribe to it. But whether the vast majority of cryptocurrencies meet these criteria is a grey area.
Two attacks took the DeFi world by storm recently in what is the first DeFi major security incident. bZx, a decentralized finance protocol on Ethereum’s blockchain, endured two separate attacks after unknown persons manipulated “flash loans” and managed to drain nearly hundreds of thousands of Ether.
ETH has pulled a surprise on everyone Tuesday by posting bullish prices as high as $287 up from Monday’s low of $245.
Before we say a single thing about Bumo blockchain, we need to talk about blockchain. Blockchain is a publicly distributed ledger that records transactions between parties permanently, transparently, and in a peer-to-peer manner.
Bitcoin technology has played a phenomenal role in revolutionizing the global finance industry. Finance industry players, retail companies, and individuals understand this, hence its massive adoption across all industries. But Rootstock (RSK) sidechain developers believe that Bitcoin blockchain could be doing more. And that limitations in scalability, transaction processing, and lack of support for smart contracts the dominant cryptocoin is facing today are its biggest hindrances.
In today’s lesson, we are going to demonstrate an example of the importance of risk-reward. To be successful in price action trading, traders are to calculate risk-reward before every single entry they execute. Let us find out from the charts below the importance of risk-reward.
While trading cryptocurrency is fairly straightforward, it can be quite a draining task trying to keep tabs on market trends, considering that the crypto market never closes. On top of it all, the unpredictable market's volatility doesn't make things easier for both new and experienced crypto traders. This is where trading bots come into play.
Futures markets have, for long, been in existence in more established asset classes such as securities and bonds. However, it was not until late December of 2017 that Bitcoin futures were introduced on regulated trading avenues. Although it is the only one of their kind in the digital currency space, Bitcoin Futures is regarded as a significant milestone in bringing cryptocurrencies closer to mainstream investing.
What is Money Laundering?
As with any other technology, the digital currencies have revolutionized not just the tech world but also the health, finance, and manufacturing industries.
nEver since Bitcoin hit an all-time high bull run in 2017, there has been speculation about its potential to hit the $1 million mark.