Bitcoin: A Game Changer.
INTRODUCTION How many times has bitcoin been declared dead? At least 463 times. And it’s never been because of its monetary system failing or its technical operation breaking down, but because of its price crashing. Some may argue that those two things — tech development and price actions — are inherently connected, but that’s not the case. Price swings in bitcoin are mainly driven by its own halving cycles as well as macroeconomic events. Since it roared into life from humble beginnings, bit...
Bitcoin: A Game Changer.
INTRODUCTION How many times has bitcoin been declared dead? At least 463 times. And it’s never been because of its monetary system failing or its technical operation breaking down, but because of its price crashing. Some may argue that those two things — tech development and price actions — are inherently connected, but that’s not the case. Price swings in bitcoin are mainly driven by its own halving cycles as well as macroeconomic events. Since it roared into life from humble beginnings, bit...
BLOCKCHAIN IN CRYPTOCURRENCY???
What is blockchain? A blockchain is a collection of records or an electronic database, like a spreadsheet. A blockchain holds larger amounts of information, such as cryptocurrency transaction records, stored in “blocks” or groups, unlike a regular spreadsheet. These blocks are distributed across multiple computers or a “distributed ledger.” Once each block reaches its storage limit, it is “chained” to a block filled previously, and a new block comes into use. Blockchain, sometimes referred to...
BLOCKCHAIN IN CRYPTOCURRENCY???
What is blockchain? A blockchain is a collection of records or an electronic database, like a spreadsheet. A blockchain holds larger amounts of information, such as cryptocurrency transaction records, stored in “blocks” or groups, unlike a regular spreadsheet. These blocks are distributed across multiple computers or a “distributed ledger.” Once each block reaches its storage limit, it is “chained” to a block filled previously, and a new block comes into use. Blockchain, sometimes referred to...
A Cryptocurrency Timeline: From eCash to Ethereum
First and foremost, cryptocurrencies are a type of digital currency decentralized and not controlled by any government. The history of cryptocurrencies dates back 1980s, when cryptocurrencies were called cyber currencies. What’s interesting, these coins started gaining in popularity more than a decade ago, in 2008, with the introduction of Bitcoin. The cryptocurrency mentioned earlier was created by an anonymous programmer or group of programmers under the name Satoshi Nakamoto. Since the lau...
A Cryptocurrency Timeline: From eCash to Ethereum
First and foremost, cryptocurrencies are a type of digital currency decentralized and not controlled by any government. The history of cryptocurrencies dates back 1980s, when cryptocurrencies were called cyber currencies. What’s interesting, these coins started gaining in popularity more than a decade ago, in 2008, with the introduction of Bitcoin. The cryptocurrency mentioned earlier was created by an anonymous programmer or group of programmers under the name Satoshi Nakamoto. Since the lau...
CRYPTOCURRENCY, AN INTRODUCTION
The easiest way to know basic knowledge about cryptocurrency is through this article. What is Cryptocurrency? Currency is regarded as means of exchange for goods and services and that differs in different countries. It is stated as the money that we use and that is required by us to fulfill our different needs. The advancing technology has given rise to new types of currency and that is named cryptocurrency. It is a currency that is not available physically but it is a digital currency. It is...
CRYPTOCURRENCY, AN INTRODUCTION
The easiest way to know basic knowledge about cryptocurrency is through this article. What is Cryptocurrency? Currency is regarded as means of exchange for goods and services and that differs in different countries. It is stated as the money that we use and that is required by us to fulfill our different needs. The advancing technology has given rise to new types of currency and that is named cryptocurrency. It is a currency that is not available physically but it is a digital currency. It is...
