Sive Morten BlogCRYPTO * FOREX * GOLD

Recent polls by CNN indicate a shift in the global attitudes toward cryptocurrencies. They show that, at present, more than half the people in the world know what cryptocurrencies are and that more than 30% of millennials will buy cryptocurrency in 2018.

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In this article, we will challenge the romanticization of bitcoin and blockchain technology, and point out some risks that everyone faces in making cryptocurrency transactions.

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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.

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Today, we will talk about those mysterious “miners” and their role in bitcoin technology.

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In the last article, we talked about the imperfections of the bitcoin and blockchain technologies and looked at some of the myths. As promised, today we will talk about what should be done to fix those flaws and how blockchain technology has already been improved and made to work more efficiently.

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Hello, everyone! We continue our look at bitcoin and blockchain technology with the second article in the series. Last time, we explained what the blockchain and bitcoin are. Today, we will discuss some of their important features and debunk a few myths.

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Since 2009, and especially in the last two years, we have been hearing curious words such as “cryptocurrency,” “bitcoin,” and “blockchain” thrown about… These evoke a feeling of mystery in most people, as if they were spells or magical incantations for those who are in the “circle of trust.”

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