Cryptography in Blockchain: Types & Benefits
Those who like to remain on top of technology will be aware that blockchain is the new future. Additionally, a crucial component of blockchain technology that enables safe communication is cryptography. The best approach for protecting data from illegal access is encryption, which when combined with hashing makes the Blockchain even more secure. You will […]
Decentralized vs. Centralized Cryptocurrency: What Makes One Different from the Other?
Cryptocurrency has been gaining a lot of traction lately, but not everyone knows the difference between centralized and decentralized versions of it. In this blog post, we’ll go over the differences between centralized and decentralized cryptocurrencies, how they’re used, and how to decide which one is right for you. So keep on reading if you’re […]
WILL BITCOIN RISE AGAIN IN UPCOMING YEARS?
2022 has been a difficult year for all cryptocurrencies, including Bitcoin. In reality, Bitcoin, the world’s largest cryptocurrency, has lost approximately 65% of its market value in 2022. A succession of tragic occurrences, such as the Terra Luna crisis, the collapse of the major crypto exchange FTX, and the approaching macroeconomic difficulties, caught crypto enthusiasts […]
HISTORY OF BITCOIN
Bitcoin (BTC) was the first cryptocurrency to be developed in 2009, and it is still the world’s most popular and valuable digital currency today. Bitcoin is a blockchain-based decentralized digital currency that is supported by a network of users that verify and record transactions without the use of a central authority or an intermediary. Bitcoin […]
History of Blockchain Technology
Blockchain technology has been around since 2008 and is rapidly growing in popularity. It is a revolutionary system that allows for secure, transparent, and immutable digital transactions. The concept of blockchain originated from an anonymous individual or organization known as Satoshi Nakamoto, who published the Bitcoin whitepaper in October 2008. Since its conception, blockchain has […]
BEGINNERS GUIDE TO CRYTPOCURRENCY AND BITCOIN
OLD AGE: In the prehistoric era, people traded goods and services between two or more people using the barter system. The money underwent several iterations as it became clear that the barter system was ineffective: An official currency was formed around 110 B.C., gold-plated florins were produced and used all throughout Europe between 1600 and […]
HOW DOES CRYPTOCURRENCY WORK?
In the context of cryptocurrencies, blockchain is a digital ledger to which only authorized users have access. This ledger records transactions involving a wide range of assets, including money, real estate, and even intellectual property. The access is shared amongst its users and any information shared is visible, immediate, and “immutable”. Anything recorded on the […]
What is Cryptocurrency Mining? How Does It Work?
Mining is a process through which new cryptocurrency tokens are created. Miners are rewarded with new tokens for verifying and committing transactions to the blockchain. In this article, we will explore how cryptocurrency mining works and the benefits it brings to miners and society as a whole. The Value of Proof-of-Work in Cryptocurrency Mining Consider […]
How to invest in cryptocurrencies
You can invest in cryptocurrency by using an exchange or by mining the coins yourself. Centralized and decentralized exchanges are two types of exchange rates. A centralized exchange is one where you trade fiat currencies for cryptocurrencies like Bitcoin and Ethereum. A decentralized exchange is one where you trade cryptocurrencies for other cryptocurrencies (and not […]
TYPES OF CRYPTOCURRENCY
Cryptocurrencies are digital currencies that are safeguarded by cryptography, as you’ve surely heard. But how many different types of cryptocurrencies exist? In addition to Bitcoin and Dogecoin, there are dozens of other cryptocurrencies. In this piece, we will examine the top nine (based on market capitalization) and provide information on other crypto assets that you […]