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.
The number of service providers that accept Bitcoin grows day by day. Nowadays, you can use Bitcoin to pay for all manner of things, from furniture to food to laptops to college. And now, Bitcoiners who are also gaming enthusiasts have a reason to celebrate.
Satoshi Nakamoto's vision was for Bitcoin to be a digital currency that could be transferred between users in a fast and secure manner. However, if he intended for the network to one day compete with established payment systems, then he probably did not take into account the scalability level that Bitcoin would need for that to be possible.
Almost every week, we hear of another new crypto project being launched that will solve an existing problem or fill a gap in the crypto ecosystem. Even if it's not geared towards the crypto space, entrepreneurial types may be interested in starting a crypto-related business.
Blockchain is one of the most disruptive technologies of the last decade, from powering cryptocurrencies to dizzying heights of success to industry after industry racing to incorporate it into their processes.
Bitcoin is not just a currency. It's a revolution that has inspired an entire movement of believers, enthusiasts, and diehards. These groups of people have carved out spaces online and offline to exclusively talk and discuss everything about Bitcoin from the present, to the future, to prices, market trends, and everything in between.
Most crypto holders believe trading is the only way to make money from their crypto holdings. On the contrary, cryptocurrency today offers many possibilities for individuals to boost their crypto savings and grow their investments. One of these is via crypto lending, whereby you loan out part of your crypto assets and earn interest.
The world of crypto trading can be murky. To a large extent, this is attributable to the still-novel nature of cryptocurrencies and blockchain. It can also be due to the sheer volatility of the markets that can catch even the most experienced trader off-guard at any time.
Any newcomer in the crypto sphere will soon notice the fuss around Ethereum - being one of the most talked and written about cryptocurrencies and the second most popular after Bitcoin. After breaking out in 2015, Ethereum has inspired not just crypto but the entire tech space for its novel offerings, which showed everyone that blockchain could be used for more than just digital money.
After Bitcoin entered the scene 11 years ago, the word mining took a new meaning altogether. Cryptocurrency mining is the mechanism through which new coins are introduced into circulation, and transactions are processed. The appeal of crypto mining is that miners are rewarded with crypto tokens, or transaction fees, depending on the network. While some miners do it for the thrill, others see it as a valid and even full-time investment.
The blockchain and crypto space can be quite intimidating for anyone trying to find their way for the first time. Granted, most people want to get straight to the basics of crypto trading, selling, and buying.
Crypto subjects are not for the faint of heart. They're sometimes highly technical by nature, and with the unpredictable prices of the crypto market, it can be harder to keep up with what's going on. Of course, when it comes to crypto trading, every latest piece of news of your favorite crypto is important. This is true for the traditional stock market, but even more so for the crypto market, which is affected by the smallest events.
Cryptocurrency is an internet-based currency that's faster, has lower transaction fees, prevents the problem of double-spending, and facilitates confidential transactions. These features have a massive appeal for any currency.
The crypto and blockchain worlds are oftentimes referred to as cryptoverse or blockchain verse for simply being an independent and relatively new financial ecosystem. From the concepts to the unique language, it can be overwhelming to play catch up with all the words and phrases, especially if you are new to the trade. For instance, what is a blockchain? What does "HODL" or "mooning" mean?
The allure of cryptocurrency has drawn millions into the craze. The stories of people becoming millionaires overnight during the 2017 boom are too irresistible. As such, it's easy to have an unrealistic view of how people make money off crypto trading.
Any new Bitcoin user will tell you they've heard words like "miners," "mining pools," and "ASICs" being thrown around. But it's not immediately clear what these terms mean, or whatever role they play in the Bitcoin ecosystem.
Anyone that's transacted on the Bitcoin blockchain is aware of how long transactions take to be confirmed. In fact, Bitcoin transactions can take anything from 10 minutes to one day, depending on traffic. One of the things a digital currency is supposed to accomplish is speed. This is one goal that's yet to manifest for Bitcoin and, indeed, the majority of blockchains.
About eleven years since we had the first cryptocurrency, the asset class is more popular than ever. Millions of people are using cryptocurrencies as a store of value, as a trading instrument, and still, others are using the asset class as an exchange of value.
Despite launching its services as recently as 2016, the Exodus Crypto wallet has gained a lot of popularity mainly because it supported multiple currencies and in-app exchange. The crypto wallet is a late entrant into the crypto space, which has mastered the common faults of the established crypto wallets and sought to improve on them. For instance, most crypto wallets that rival Exodus have paid too much attention to the security of their sites at the expense of ease of use. This software wallet seeks to address this by providing one of the easiest sites to use.
Ripple arguably is one of the most popular cryptocurrencies and the third-largest by market capitalization. The blockchain network is, however, best known for its facilitation of ultra-fast and near-instant cross-border money transfers through its real-time gross settlement system (RTGS). Here, transactions are powered by the Ripple (XRP) token, which acts as the mediator between currencies.
Jaxx Liberty, a multi-currency wallet, is the updated and feature-rich version of the Jaxx wallet by Decentral Inc. Launched in 2016 as Jaxx Classic wallet, it has, over the years, been subjected to several updates and operational adjustments, which turned it into a cryptocoin ecosystem.
Coinbase wallet is a standalone crypto vault developed by the San Francisco based tech-startup and one of the world's biggest cryptocurrency exchanges – Coinbase. The wallet is online-based and free to all. The wallet has gained over time a reputation and massive following in the crypto industry not just because of its close association with the Coinbase Exchange but also due to its safety, accessibility, and support for numerous digital coins. Coinbase wallet is also is one of the few hot wallets that have never been hacked.
Guarda is a multi-currency non-custodial cryptocurrency wallet launched to the crypto community in 2017. It is developed by Guardarian OÜ Company, a blockchain technology startup based in Estonia. And while Guadarian has come up with several technological products, the Guarda wallet has received the widest reception in the crypto world because of its versatility and security.
On the Infinito Wallet website, their mobile app is described as the "Best Crypto Wallet & DAPP Browser." It is created and run by Infinito Blockchain Labs, a technology company registered in The Isle of Man, the U.K. The multi-asset crypto mobile app was launched in 2017 and has leveraged technology to come up with one of the most innovative crypto mobile apps today. The app takes pride in three of its primary features; the support for the widest range of cryptocoins and tokens, a built-in exchange, and support for EOS functions.
BRD Wallet is a non-custodial mobile wallet built on the iOS platform. Non-custodial implies that Private keys for your digital assets are held on your mobile device, and not on BRD's servers. The wallet has gained popularity in the recent past, primarily due to its support for anonymous trading, as well as the inclusion of multilayered security features aimed at preserving the integrity and safety of the user's account and private keys.
Recent studies show that it costs about $6,000 for a financial institution to onboard a new client. Moreover, collating the data of the new customer may end up taking 2 to 4 weeks, depending on a country's regulation.
Blockchain technology continues to dominate headlines across the world thanks to its revolutionary solutions. In fact, an almost never-ending list of projects have been rolled out in various industries, demonstrating the benefits of this technology.
With blockchain came all manner of possibilities. From the ability to breed virtual cats, to tracking things from source to end. One blockchain project has a big vision: to decentralize the web. This project is Justin Sun's Tron, and it aims to build a cost-effective, global, and digital content-sharing platform.
Blockchain is usually perceived as only the building block of the much-hyped virtual currencies. As such, it wouldn't seem like there is much technology can do for the energy industry. After all, what do cryptocurrencies have to do with the process of generating and distributing electrical power?
The third Bitcoin halving event, which happened on May 11, brought mining rewards from 12.5 BTC down to 6.25 BTC per block. This halving raised many questions, mostly on the topic of how the price will react to the halving and if Bitcoin has already "priced in" the halving.
The current world's state of affairs could use more representation, more equity, and more fairness. From disproportionate distribution of resources to corruption to inequalities to the monopolization of technologies for the benefit of the wealthy, the current system is massively fractured. Unfortunately, these issues get trampled on as people lack a clear voice with which to voice their disenfranchisement.
Bitcoin's third halving will take place today around 6.50 pm GMT. At the time of writing, Bitcoin is trading at $8783.94, with 18, 374, 362 bitcoins in circulation. The halving will take place at block height 630,000. At the time of writing, we're at block height 629, 951. The halving will see mining block rewards reduced from the current 12.5BTC to 6.25 BTC.
Times are gone when Bitcoin was a fringe currency and a fleeting phenomenon not worth much attention. Today, the cryptocurrency has broken into the spotlight and rallied an entire industry of cryptocurrencies into the center of finance. So much that even pop culture has started paying attention.
Cryptocurrency payment gateways are networks that allow merchants to accept Bitcoin and altcoins as means of payment. Through these networks, users from anywhere can purchase products and services from a business that accepts crypto payments, no matter where it's situated across the globe.
In the last few years, the concept of decentralization has gained a lot of attention across all industries. This has been fuelled by the entry of blockchain technology, which has supported the growth of numerous cryptocurrencies.
One of cryptocurrency's biggest selling points is their privacy - the ability to engage in transactions without them being linked to your real-life identity. While this would appear to be the picture on the surface, the reality is that it's still possible for your transacting history to be traced to your real-life identity and open you up to fraud, interference by the state, and other consequences.
ICOs have revolutionized the way startups raise funds for their projects. Generally, it involves the selling of a company's token in exchange for fiat currency or even popular cryptocurrencies such as Bitcoin and ETH.
Days are gone when cryptocurrency was seen as a fringe currency only suitable for criminal activity. The asset class is now more legitimate in the eyes of the public (and some governments) more than ever. Some employers now pay employees with cryptocurrency, plenty of merchants now use cryptocurrency for transactions, and millions hold the e-currency as a digital store of value.
Blockchain is being used in the fight against Covid-19, the novel disease that emanated from China's Wuhan in December last year and has spread to almost every territory in the world. As at the time of writing, 98, 387 people have died from the disease, and a 1, 633, 083 others have been infected.
As cryptocurrencies grow in popularity and value, they continue to face cyber threats due to their internet-based nature. The most common threats are security breaches targeted at individuals and firms holding significant amounts of digital currencies.
If you were to ask a few people what makes Bitcoin a special internet currency, you'd most certainly hear that "Bitcoin is anonymous." That's because that's the song sung on social platforms and drummed in by the media constantly.
In its simplest form, a smart contract is a program that verifies and enforces the execution of a contract in a blockchain network. The concept was first proposed by an American computer scientist who is also credited for inventing the first-ever digital currency - Bit Gold. However, the digital coin was never implemented partly due to the 'double-spending' problem.
On the Blockchain.com website, this wallet is described as the “Safest and Most Popular for Investing and Storing Cryptocurrencies.” Launched in 2011, Blockchain wallet has stood the test of time and gained a solid reputation as one of the safest crypto wallets available today. According to their website, over $200 billion has been transacted through 48 million+ Blockchain wallets since its establishment.
Coinomi is a multicurrency, feature-rich, and security-oriented cryptocurrency wallet app. It was launched in 2014 and has, over the years, gained undergone significant security and operational improvements. These have seen it attract a massive global membership and an unrivaled reputation. On the Coinomi website, the wallet is referred to as the ‘Popular choice’ that’s ‘Trusted by Millions of Users.’
Atomic wallet is a decentralized, multi-currency, and feature-rich cryptocurrency vault where crypto enthusiasts can store and exchange digital currencies. It is a multi-platform hot wallet that launched in 2017 under the stewardship of Konstantin Gladych – Changelly co-founder –and Charlie Shrem – an American entrepreneur cum Bitcoin advocate and founding member of the Bitcoin Foundation.
CoolWallet S is an innovative crypto vault by CoolBit X that blends the effectiveness of both the hardware and hot wallets to come up with the most secure hybrid crypto wallet. It has both the features of hardware and hot wallet in that it features a portable hardware component in the form of a card that’s then controlled via a crypto app. Each has its individual security measures and won’t function without the other.
Cryptocurrencies have generated a variety of opportunities for investors to make money. Perhaps the most common one is the commercialization of mining, which by itself is rewarding, but the overhead costs can sometimes exceed the rewards.
The violent price swings witnessed in the crypto market is part of the reason why virtual currencies haven't found favor in the public's eye. While the volatility can result in quick gains, unexpected losses are also inevitable. This explains why digital currencies are more speculative investments than a store of value. It's even harder for merchants to accept cryptocurrencies as payment due to their dynamic prices.
The crypto world has almost gotten used to stories of hacking by now. Almost every month, a crypto exchange suffers a security breach that puts user information and funds at risk. Some of the time, the exchange manages to recoup the lost funds, other times, not so much.
Bitcoin is the world's first and most successful cryptocurrency. A cryptocurrency is a decentralized peer-to-peer and cryptographically secured digital currency. The currency went from obscure beginnings to become the most successful asset of the last decade.