A common accusation toward Bitcoin: It’s a pyramid scheme. For BTC holders to profit critics claim it’s necessary to sell to other “suckers” at an even higher price. This is fundamentally wrong. Anatomy of a Ponzi A Ponzi scheme is an investment scam promising outrageous returns with little risk. Similar to a pyramid scheme, early […]
This question has been asked by every futurist research lab in many of the largest banks, central banks, financial institutions, think tanks, consulting firms and government committees around the world. How Could Blockchain Technology Change Finance? R3CEV, a consortium effort financed by some of the world’s largest banks, is busy trying to answer this question. […]
What is arbitrage trading? Crypto Arbitrage Trading capitalizes on imbalances in prices between markets. Simply put, this is when an asset is simultaneously bought and sold in two markets. Often because they are being sold at slightly different prices. This kind of operations is called as Crypto Arbitrage Trading. As an example. Shares in a […]
What Are the Applications and Use Cases of Blockchains? Blockchain technology is a revolution in systems of record. Bitcoin is history’s first permanent, decentralized, global, trustless ledger of records. Since its invention, entrepreneurs in industries around the world have come to understand the implications of this development. Applications and Use Cases of Blockchains The nature […]
What is the Difference Between a Blockchain and a Database? As stated in our guide “What is Blockchain Technology?”, the difference between a traditional database and a blockchain begins with architecture, or how the technologies are orchestrated. A database running on the World Wide Web is most often using a client-server network architecture. What is […]
What is the Difference Between Public and Permissioned Blockchains? In our guide “How Does Blockchain Technology Work?”, we introduced a description of the three technologies that make up blockchain technology: cryptographic keys, a distributed network and a network servicing protocol. What is Public and Permissioned Blockchains? Bitcoin is the most ambitious kind of blockchain. Anyone […]
Ledgers, the foundation of accounting, are as ancient as writing and money. What is a Distributed Ledger? Their medium has been clay, wooden tally sticks (that were a fire hazard), stone, papyrus and paper. Once computers became normalized in the 1980s and ’90s, paper records were digitized, often by manual data entry. These early digital […]
Financial institutions have financed the disruption of countless industries over the last 30 years; they have an idea of what a revolutionary technology can do to static incumbents. So, to stay ahead of change, banks have been proactive in setting up R&D labs, building test centers and establishing partnerships with blockchain developers to fully understand […]
As stated in our guide “What is Blockchain Technology?”, there are three principal technologies that combine to create a blockchain. None of them are new. Rather, it is their orchestration and application that is new. How Does Blockchain Technology Work? These technologies are: 1) private key cryptography, 2) a distributed network with a shared ledger […]
From a cruising altitude, a blockchain might not look that different from things you’re familiar with, say Wikipedia. What Is Blockchain Technology? With a blockchain, many people can write entries into a record of information, and a community of users can control how the record of information is amended and updated. Likewise, Wikipedia entries are […]
Ripple, currently one of the top five cryptocurrencies in terms of market capitalization, has seen its fair share of controversy. What is Ripple? On the one hand, supporters point out that the aim of the company to improve cross-border transfers through distributed ledger technology will have a significant effect on commerce and finance and thus […]
While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC. How To Mine Litecoin and Altcoins? In this guide, we’ll take you through all you need to know to start digging up […]
Having read our explainer of the differences between litecoin and bitcoin, you may be interested in buying some of bitcoin’s more agile siblings. How To Buy Litecoin? (*Please, never invest more than you can afford to lose – cryptocurrencies are volatile and the price could go down as well as up. ) Storing your litecoin […]
In 2009, Satoshi Nakamoto launched bitcoin as the world’s first cryptocurrency. The code is open-source, which means it can be modified by anyone and freely used for other projects. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success. What is Difference Between Litecoin and Bitcoin? Litecoin was announced in […]
Forks, or the threat of them, seem to be an established feature of the cryptocurrency landscape. But what are they? Why are they such a big deal? And what is the difference between a hard fork and a soft fork? Explained Hard Fork VS Soft Fork bellow. A “fork,” in programming terms, is an open-source […]
On August 1, 2017, the bitcoin protocol underwent a hard fork which split the network in two and gave birth to “bitcoin cash. so What is Bitcoin Cash?” Why did this happen and what are the consequences? Tired of the infighting and perceived lack of progress on bitcoin’s scaling debate, and unhappy with the decision […]
Like many ideas in the blockchain industry, a general confusion shrouds so called ‘ Ethereum Smart Contract ’. A new technology made possible by public blockchains, smart contracts are difficult to understand because the term partly confuses the core interaction described. While a standard contract outlines the terms of a relationship (usually one enforceable by […]
Like other public blockchains, ethereum intends to support as many users as it can, but can Ethereum Scale? The problem is that, today, we don’t really know the limits of the platform. Because of a hard-coded limit on computation per block, the ethereum blockchain currently supports roughly 15 transactions per second compared to, say, the […]
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