Have you ever wanted to know what is blockchain technology, what is crypto mining, what is crypto wallet, how different bitcoin is from other crypto currencies. More importantly, how to profit from trading in investing in cryptos. You find the answers to these and other hot crypto topics here.
. Meet the next step in the evolution of Cryptocurrencies: Cryptid Currencies By Pharaoh I almost had that writing addiction under control Today is a glorious day in the evolution of crypto currencies. Before going into all the details, please allow me to take a few moments to explain one of the biggest flaws …
Crypto-currencies are becoming the new trendy phenomenon in the world of financial scams and naturally raise concerns. This April alone, the Vietnamese government shed light on what has been reported as a $658 million ICO fraud..
Before we get to the nuts and bolts of Bitcoin mining, let’s begin by understanding what Bitcoin mining is all about. First, where do new Bitcoins come from? Are Bitcoins minted by the central banks? Obviously no, Bitcoin operates in a decentralized network with no central authority at play.
The last two months have been rough for major cryptocurrencies, and most of them ended up in the red. The information background has undoubtedly greatly contributed to this. Among other things, it’s worth mentioning the hacking of the Bithumb exchange – an event that knocked Bitcoin below the support trend line, which had been holding it back for more than three months.
Cryptocurrency can be a scary place for those just getting started with so much to learn and seemingly danger everywhere of doing something wrong, and losing your money. A new user is likely to have a lot of questions, such as what is the safest way to store Bitcoin? What Bitcoin wallet to use?
Last time, we touched on the strengths and weaknesses of blockchain technology and showed that it’s not as inflexible as many people think. In the last few years, inspired by Bitcoin’s popularity, developers have not only been improving the existing algorithm but also inventing alternatives. As a result, many new cryptocurrencies have been created although Bitcoin remains #1 by far and Ethereum steadily holds second place.