Tag: bitflyer academy

May 22 2021

Happy Bitcoin Pizza Day 2021!

May 22 2021 Published at bitFlyer Europe under tags  bitflyer academy

Today is May 22nd, which means it's Pizza Day for the Bitcoin/Crypto community!On May 22nd 2010, Laszlo Hanyecz bought two Pizzas for 10,000 BTC, which was worth around €33.00 back in 2010. This payment now acts as a milestone for the digital currency,...

Feb 19 2021

What is Lisk (LSK)? — A bitFlyer Academy Guide for Beginners

Feb 19 2021 Published at bitFlyer Europe under tags  bitflyer academy

Lisk (LSK) is a blockchain-based, decentralised computational platform. It was founded in early 2016, by Max Kordek and Oliver Beddows. As a fork of Crypti—a JavaScript-based platform for dApps—Lisk’s primary vision is to broaden the accessibility of blockchain technology....

Feb 11 2021

What is Litecoin (LTC) ?

Feb 11 2021 Published at bitFlyer Europe under tags  bitflyer academy

Despite introducing new possibilities for the world of finance and technology, Bitcoin’s core came with significant usability and scalability shortcomings. Commonly known as the first successful altcoin, Litecoin (LTC) was created in 2011 as an alternative solution to these problems....

Dec 17 2020

What is Monacoin (MONA)? — A bitFlyer Academy Guide for Beginners

Dec 17 2020 Published at bitFlyer Europe under tags  bitflyer academy

Launched in December 2013, Monacoin (MONA) is “Japan’s first cryptocurrency” and the outcome of a Litecoin hard fork. Considering that its pseudonymous founder(s)—Mr. Watanabe—created MONA as the native asset for his hash-finding game, the cryptocurrency had a rather “playful”...

Dec 09 2020

A look at Ethereum and the history of the second biggest cryptocurrency in terms of volume

Dec 09 2020 Published at bitFlyer Europe under tags  bitflyer academy

Second only to Bitcoin in terms of market capitalisation, Ethereum is an open- source, blockchain-powered, distributed computing platform. Apart from its native cryptocurrency—Ether (ETH)—the platform enables Smart Contracts and Decentralised Applications...

Dec 03 2020

What is Bitcoin Cash (BCH)?

Dec 03 2020 Published at bitFlyer Europe under tags  bitflyer academy

In 2008, Satoshi Nakamoto introduced Bitcoin as “A Peer-to-Peer Electronic Cash System” that leveraged cryptography and blockchain technology. In turn, this laid the foundation for distributed and decentralised financial systems, wherein users can conduct secure...

Nov 26 2020

What is Bitcoin? - A bitFlyer Academy Guide for Beginners

Nov 26 2020 Published at bitFlyer Europe under tags  bitflyer academy

Launched in 2009, Bitcoin is the world’s first cryptocurrency, also known as "Digital Gold". Satoshi Nakamoto, the pseudonymous founder, introduced Bitcoin as ‘Open Source Peer-2-Peer Money’ for secured, verifiable digital transactions without involving intermediaries like banks.Simply...

Nov 16 2020

Decentralised Finance (DeFi) — Transforming the Future of Money

Nov 16 2020 Published at bitFlyer Europe under tags  bitflyer academy

The internet’s boom has propelled significant enhancements in the user experience that traditional financial systems offer. Digital currencies and other financial services allow us to use money in a “seamless” and “hassle- free” manner. Yet, these developments have done little to solve the...

Oct 21 2020

What is Ethereum?

Oct 21 2020 Published at bitFlyer Europe under tags  bitflyer academy

Ethereum is the second-largest blockchain-cryptocurrency platform after Bitcoin, in terms of market capitalisation. It was conceived by Vitalik Buterin—then 19 years old—and formally launched in 2015....

Oct 14 2020

Why are companies buying Bitcoin?

Oct 14 2020 Published at bitFlyer Europe under tags  bitflyer academy

COVID-19 has greatly impacted the global economy as it has spread. Stocks significantly fell in March 2020. As we’re writing this in September 2020, the S&P 500 hit a record high at the beginning of the month, but this is caused by central banks around the world printing more money and dropping interest rates to zero....

Sep 23 2020

What can you do with Cryptocurrencies? — An in-depth guide for beginners

Sep 23 2020 Published at bitFlyer Europe under tags  bitflyer academy

Alongside their rising popularity, there is an increasing confusion regarding how to use cryptocurrencies. Through this article, we intend to solve this problem by explaining the three major ways in which you can use cryptocurrencies—Buy & Hold (HODL), Trade, and...

Sep 15 2020

Changes and price fluctuations of Bitcoin and gold

Sep 15 2020 Published at bitFlyer Europe under tags  bitflyer academy

Bitcoin is often compared to gold, earning it the nickname, "digital gold". In our previous post, Is Bitcoin digital gold? Why Bitcoin is said to be...

Sep 10 2020

Blockchain & Cryptocurrency Projects that are Changing the World

Sep 10 2020 Published at bitFlyer Europe under tags  bitflyer academy

Twelve years after Bitcoin’s release, the blockchain-cryptocurrency industry is still in its nascent stages. Nevertheless, it is evolving fast, with new innovations emerging on the scene almost every other day.When it comes to the mass adoption of...

Sep 09 2020

What is Cryptocurrency Mining?

Sep 09 2020 Published at bitFlyer Europe under tags  bitflyer academy

In the absence of a central governing authority, blockchain-cryptocurrency economies use computerised protocols to secure their networks. Since blockchains are immutable— once data is added, it cannot be changed or removed—it is vital that only valid transactions get added to the chain....

Sep 08 2020

What is Ethereum Classic? What is different, what is it used for?

Sep 08 2020 Published at bitFlyer Europe under tags  bitflyer academy

Ethereum Classic (ETC) is a decentralised, blockchain-based, open-source computing platform, as well as a cryptocurrency. It allows developers to build and deploy smart contracts—autonomous, self-executing code blocks that trigger certain actions based on predefined conditions....

Sep 03 2020

Learn about Blockchain Forks and how they create new cryptocurrencies

Sep 03 2020 Published at bitFlyer Europe under tags  bitflyer academy

Introduced formally with Bitcoin’s release in 2008, blockchains are fairly new. Given its nascent state, the technology is constantly evolving. Innovations are driving this domain, with structural and functional changes happening almost every other day.As such,...

Sep 01 2020

Is Bitcoin digital gold? Why Bitcoin is said to be more like gold than currency

Sep 01 2020 Published at bitFlyer Europe under tags  bitflyer academy

Bitcoin is more like a commodity than a currency. Bitcoin has been called digital gold. Although Bitcoin has been called a virtual asset, it has more in common...

Aug 17 2020

How smart contracts shape Ethereum

Aug 17 2020 Published at bitFlyer Europe under tags  bitflyer academy

What is a smart contract? How can Ethereum be used?Ethereum is the cryptocurrency with the second largest market capitalization behind Bitcoin. Ethereum is well known for serving as a platform that uses...

Aug 14 2020

5 things to consider when investing in cryptocurrency

Aug 14 2020 Published at bitFlyer Europe under tags  bitflyer academy

1\. Learn about the currencyFirst of all, it is important to learn about the cryptocurrency that one is considering investing in.It may sound obvious, but virtual currencies are not...

Jul 23 2020

Cryptocurrencies vs fiat: What you need to know

Jul 23 2020 Published at bitFlyer Europe under tags  bitflyer academy

As the name suggests, cryptocurrency is a type of digital or virtual currency that works well as a medium of exchange. These are based on a P2P (peer-to- peer) network that does not need an intermediary to carry out any financial transactions, unlike in the case of traditional Fiat currencies. Additionally, cryptocurrency is...

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