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.
Bitcoin’s underlying technology – blockchain – is hailed as an unrivaled, ultra-secure technology. And it’s true – Bitcoin’s cryptographic encryptions are some of the strongest in contemporary times. However, as is the norm with technology, the reality of ‘bigger and better’ is always looming.
Blockchain technology heralded a new era of transparency, fairness, and democratization of finance. Currently, there are numerous applications of blockchain that are helping make the world a better place while reducing financial barriers. One of these is tokenization, a process that enables asset owners to sell a portion or the whole asset and get compensated fairly. Also, assets that could only be afforded by the high net worth individuals can now be afforded by the average investor, thanks to asset-based tokenization.
It has been a while since the Bitcoin platform received a major upgrade. There is, however, a major upgrade proposal in the works that is nearing public launch. The proposed bitcoin soft-fork designed to improve the platform security and boost user privacy is already moving through the developer feedback phase and maybe getting ready for public launch soon.
The year 2019 may have been pretty uneventful for those in the crypto space. Still, if you thought the blockchain and cryptocurrency technologies had peaked, the year 2020 promises to bring with it ground shaking surprises in the crypto sphere.
Ten years after it was introduced, Bitcoin is stronger than ever. Reporting its fastest hash rate ever at the beginning of this year, and leading a rally of other cryptocurrencies to outclass other assets, the idea that Bitcoin is not going anywhere has never held less water.
Sting operations coordinated and carried out by international crime-fighting agency Interpol in Southeast Asia to stem the proliferation of cryptojacking malware has resulted in a massive 78 percent drop in infections.
Bitcoin mining was Satoshi Nakamoto’s idea to release new Bitcoins into circulation only after solving some complex puzzles. The mining system, which verifies transactions after ten minutes, was so designed in order to secure the network. And as Bitcoin has become more popular, so has mining increased.
Environmental sustainability is an issue that keeps a lot of environment-conscious people awake at night these days. With scientists ringing the alarm louder than...
Bitcoin and Litecoin are two of the most popular cryptocurrencies. Bitcoin has long maintained peak position in market capitalization, with Litecoin not far behind...
Bitcoin’s hash rate has reached an all-time high of almost 120 exahash per second. The crypto reached this milestone two days shy of its birthday – on January 1st. (January 3rd is Bitcoin’s birthday, being the day the first block of Bitcoins was mined.) On new year’s eve, Jameson Lopp, CTO of CASA, the multisig wallet company, tweeted that “Bitcoin’s network hash rate increased by 162% during 2019, from 38 to 100 exahash per second.”
Indices are a construct that’s been in the financial world for ages. Many people are already acquainted with stock indices that track the performance of the stock market as accurately as possible.
2020 promises to be an exciting year for the crypto community, a year when most cryptocurrencies and their backers make major moves and further their undying quest to establish dominance and woo in more users. And we aren’t just talking about Facebook’s Libra – though we expect its eventual entry into the blockchain and cryptocurrency world to rattle the markets. We are talking about the near-silent moves that the popular cryptocurrencies have been involved in and some of which will materialize early in the year.
Sending and receiving cryptocurrencies has always been complicated. You always have to deal with the rather complex crypto addresses. But all this is about to change with the introduction of .crypto domains by Unstoppable Domains to the crypto world. According to the software company, the .crypto domains will gradually phase out the need for complicated wallet addresses.
It is already a cliché today to say blockchain and cryptocurrency have revolutionized pretty much every industry. Blockchain started a revolution. The old system of the banking industry and governments were quick to realize the revolutionary power of the tech. That is why there were attempts to regulate or outright ban blockchain and crypto in some countries.
The United States government has been one of the first governments in the world to embrace the blockchain technology. While it was very apprehensive of it largely because of the threat of blockchain, but it has not been long before it realized its many other benefits.
Advertising is the lifeline for most businesses. However, the current digital advertising space is, to put it mildly, broken. The three players in the advertising model: the user, publisher, and advertiser all get shortchanged. Users’ data is harvested without their consent, publishers (owners of the ad) don’t effectively monetize content, and advertisers (creators of the ad) are perennially subjected to fraud.
Unpredictability and wild volatility swings have always been the bane of cryptocurrency’s existence. As a solution, crypto experts invented the idea of stablecoins – which is a cryptocurrency pegged against “real-world” money to tame the fluctuations of crypto. But stable coins also turn out to have their own share of problems.
Many small and medium-sized businesses grapple with the issue of late invoice payments. Late invoices cause businesses to miss many money-making opportunities, not considering the error and fraud-prone paper-based trails of the existing invoicing system.
Netherlands-based cryptocurrency mining pool Simplecoin and Bitcoin gaming platform Chopcoin are shutting down over the fifth European Union Anti Money-Laundering Directive that is set to come into force on January 10, 2020. The proposed directive will require crypto operations in the EU territory to conduct Know Your Customer procedures on customers for anti-money laundering purposes.
Ethereum’s blockchain has made it possible to build all sorts of exciting decentralized applications on its platform. Augur was one of the very first projects to take advantage of Ethereum’s smart contract and Solidity tools and create its unique protocol.
Cryptocurrencies have stirred the financial space in a way that more and more people want to jump on this economic bandwagon. As the newest asset class, cryptos are overtaking other securities in an unprecedented fashion. But this is where we have a problem. For people to join the crypto revolution, they have to go through centralized exchanges. These exchanges, however, come with their own set of issues.
If you’re regularly tuned to cryptocurrency subject, no doubt you’ve heard the term ‘distributed ledger’ or DLT, thrown around once or twice. You’ve probably also heard some people use the phrase to refer to blockchain - the technology underlying everyone’s most familiar cryptocurrency. But does a distributed ledger and blockchain mean the same? And what is this distributed ledger thingy anyway?
Ten years after blockchain came to life, we’re seeing new adoptions of the technology on a larger scale than ever before. These days, barely a week passes without hearing another blockchain application in news headlines. The latest to enter the fray has been none other than sports car favorite Lamborghini – which is now using Salesforce blockchain to authenticate cars.
Sending money across borders - whether to friends and family or paying for goods and services - is expensive, cumbersome, highly inconvenient and takes a lot of time. Sending money from one country to another may have gotten better in the age of the Internet, but you will agree that there is still a long way to go before the whole world becomes one village - financially.
The current financial system is centralized. Currency is issued and regulated by governments or central banks. We also entrust our assets to finance firms so that we can get returns on savings. This translates to our financial systems being centralized. And therein lies the problem. Not only do centralized systems have a single point of failure, but they also comprise humans who are prone to making mistakes.
Bitcoin has been ranked as the best asset of the decade. This is according to Bank of America Merrill Lynch (BAML), which has made a list of the best and worst asset classes of the last ten years.
In today’s finance, governments and central banks pretty much control the whole system – from the issuance of currency to setting of interest rates, while big players like regulators, corporations, and international organizations wield so much power over the system. As such, the current global financial order is centralized – with influence and power belonging at the top.
Bitcoin and cryptocurrencies, in general, have been at the receiving end of governments’ crackdown around the globe, as they move to regulate its influence and prevent its use in illegal activities. On the other side of the lever, though, the crypto is basking in its surge in the global remittance market.
Even though blockchain is mostly known for being the technology behind Bitcoin – and other cryptocurrencies, it is more than that. And yes, the revolutionary nature of cryptocurrencies is what makes cryptocurrencies stand out from other digital currencies. Blockchain is known for many things – but its immutability, transparency, and decentralization are what make it such an object of frenzied interest, research, and even apprehension from traditional systems.
Blockchain is transforming the world around us. Introduced to the world by Bitcoin – the world’s most successful and popular cryptocurrency, blockchain has taken a life of its own and is slowly taking over industries. And why not? It’s a revolutionary technology that could instill transparency, promote accountability, and help us streamline processes like never before.
In the early days of Bitcoin, getting your hands on some crypto meant mining or meeting someone physically and paying cash. However, Bitcoin becoming more popular and other cryptocurrencies coming on the scene meant there had to be a simpler and safer way of getting crypto. The old method of one on one wasn’t going to be sustainable anymore.
Ever since blockchain got its first prominent use with Bitcoin in 2009, the technology has no signs of slowing down. If anything, it’s poised to change so many facets of our lives. It will protect our business dealings, simplify property registration, save us from hiring intermediaries, protect our identities, and more.
Cryptocurrency nowadays is a far cry from the time it was introduced to the world. With nearly 3,000 cryptocurrencies and more investors moving in to cash on this digital asset, cryptocurrencies are more popular than ever.
Anyone who’s heard of cryptocurrency has most probably heard of blockchain. If you ask most people, they’ll tell you blockchain is cool. But they probably won’t tell you much beyond that. That’s because not everyone understands how blockchain works.
Bitcoin inspires all sorts of motivations - from noble ones to less noble ones. It’s an asset class that’s targeted by scammers at an incredibly high rate. Each year, individuals and crypto exchanges lose millions of dollars to such theft.
The word Bitcoin first came to light a decade ago when Satoshi Nakamoto mailed cryptography nerds a technical white paper of what he called the new electronic cash system.” A decade later, it has become a household name, a pioneer in what seems like the next technology-inspired global revolution. The cryptocurrency itself and its anchor blockchain technology are now household names. But questions still abound about what Bitcoin really is and its real-life applications.
Blockchain is the future. Yes, the technology powering cryptocurrencies has incredible potential to change how institutions and industries work – and our very lives. When you’re talking about radical transparency
SegWit is one admittedly complex concept in the blockchain world. Most crypto veterans probably still have no idea what it is or what it’s really about. And for those just
Ten years after the first cryptocurrency was launched, thousands more have filled the scene. Today, they are a digital asset class that either confounds or fascinates many. The latter makes
Scalability was always a thorny issue for Bitcoin since day one. When Satoshi Nakamoto first proposed the cryptocurrency, the very first comment by James MacDonald featured this comment “We very
Are you considering investing in cryptocurrencies? Read on to understand just why NANO and BAT should form part of your portfolio. The meteoric rise of digital assets over the past
The very first public critique of Bitcoin right after Satoshi Nakamoto proposed it was made by James A. Donald. He said that while such a system (Bitcoin network) was very
Blockchain was conceptualized the first time in 2008 with the launch of Bitcoin. However, it took almost a decade to be fully appreciated as an invaluable public ledger with the
Unlike fiat money, cryptocurrencies do not have a central authority or a designated place where you can safely keep them. But just like with real money, you need to store
If you’re crypto user, you may have heard of the expression “Not your keys, not your coins.” This phrase summarizes the debate among crypto users about which is a superior
Cryptocurrency wallets are software or devices that allow users to send, receive, and store cryptocurrency. Most cryptocurrencies have designed their own wallets, e.g., Bitcoin has the Bitcoin wallet, Ethereum has
Cryptocurrencies are unlike any other asset in several ways. One of these is their deflationary nature. Just like fiat currency, cryptocurrencies will decline in value if their supply exceeds demand.
When the first cryptocurrency – Bitcoin, came into existence, it brought with it more
The first-ever cryptocurrency – Bitcoin, brought along with it a host of possibilities that couldn’t be imagined before. The technology behind it – blockchain, is now being incorporated into various
If you thought the report by Nature.com a few days ago that it takes more energy to mine Bitcoin than mining gold of similar value was the most surprising thing
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