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”...
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...
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...
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...
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...
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....
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....
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...
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...
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...
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....
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....
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,...
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...
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...
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...
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...
Learn more about the usage of blockchain and cryptocurrencies in this explanatory video down below:...
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