Tag: Cryptocurrency Basics

Learn how to store Bitcoin safely and securely with our comprehensive guide covering various storage options, best practices, and security.

Discover the easiest and safest ways to buy Bitcoin in the UK with our comprehensive guide, covering exchanges, regulations and wallets

According to a recent reports, in the last year, as crypto adoption is at a peak due to institutional and personal investment, around 5,000 new crypto tokens have arrived in the market in the last year, which is nearly 10 tokens per day. Crypto tokens peak in 2021 According to a recent report, the current […]

Bakkt is a trading platform that primarily offers Bitcoin futures, a type of financial contract and derivative that allows investors to buy and sell BTC at a certain date and price. Prior to its 2019 launch, Bakkt was seen as a highly promising and innovative platform. Though the hype has faded since then, it remains […]

There are treacherous passes in any technological revolution. So What are the Blockchain Issues and Limitations? Some people in the blockchain industry have pointed out that blockchain has become overhyped, when, in reality, the technology has limitations and is inappropriate for many digital interactions. But through research and development, success and failure, and trial and […]

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 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 […]

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 […]

Today, miners play an important role in making sure ethereum works. How Ethereum Mining Works? This role isn’t immediately obvious, though. Many new users think that the sole purpose of mining is to generate ethers in a way that doesn’t require a central issuer (see our guide “What is Ether?“). This is true. Ethereum’s tokens […]

Now that we’ve covered what ethereum is, let’s dive deeper into how the platform functions under the hood How Ethereum Works. Consider the online notebook application described in “What is Ethereum?” Using ethereum, the app doesn’t require one entity to store and control its data. To accomplish this, ethereum borrows heavily from bitcoin’s protocol and […]

Who Created Ethereum? In 2008, an unknown developer (or developer group) invented bitcoin as a new way to send value over the internet. Four years later, a 19-year-old dreamed up a new platform based off of this innovation in an effort to transform the internet entirely. Vitalik Buterin, a programmer from Toronto, first grew interested […]