Bitcoin has garnered widespread recognition. From monumental price appreciation over the past decade to government crackdown and environmental concerns. But despite the incredible impact this novel technology has had on society very few people know the man behind Bitcoin. But don’t worry. In this article, we will delve into the mystery that is Satoshi Nakamoto and investigate the theories on his true identity as well … Continue reading Satoshi Nakamoto: The Man Behind Bitcoin
Mt.Gox was once known as the largest cryptocurrency exchange in the industry. Accounting for over 65% of all cryptocurrency trades it was an absolute behemoth. To put it into perspective, the recent FTX collapse only accounted for 10% of cryptocurrency volume. But with this popularity came unwanted attention which ultimately lead to its unfortunate demise in 2014. Ultimately, this event would permanently scar the industry … Continue reading The Rise and Fall of Mt. Gox
When it comes to cryptocurrency exchanges, one of the top concerns for many users is safety. At the end of the day, this asset class is immature and dominated by hacks, therefore it’s important to ensure that your assets are protected. You probably already know, but Binance is the leading cryptocurrency exchange in the industry and claims to be one of the safest. But is it … Continue reading Is Binance Safe? (The Truth Revealed)
If you didn’t know, Ethereum is written in the Solidity programming language. Proposed in 2014 by Ethereum co-founder Gavin Wood, this language has formed the foundation for smart contracts and the Ethereum ecosystem as we know it. But you may be wondering, why does Ethereum use Solidity? Don’t worry. In this article, I will be answering that question and much more. So without further ado, let’s … Continue reading Why Does Ethereum Use Solidity?
One of the key pillars of Ethereum development comes from the Ethereum foundation. Ultimately, this non-profit provides resources that bolster Eth’s development. Without this organization, Ethereum would not be the behemoth that it is today. That is why in this article, I will be providing a comprehensive overview of the Ethereum foundation. So without further ado, let’s jump right in. What is the Ethereum foundation? … Continue reading The Ethereum Foundation: A Comprehensive Overview
One major problem that plagues digital currencies is double-spending. Ultimately, this exploit allows users to spend their funds multiple times by manipulating the records. But what you may not know is that Bitcoin removes this problem entirely. That is why in this article I will be providing a detailed explanation of how Bitcoin prevents double spending and much more. So without further ado, let’s jump … Continue reading How Does Bitcoin Prevent Double Spending?
There is no denying that Bitcoin is a volatile asset. With an annualized volatility of over 50%, it has huge price swings. This not only incentives traders but also dissuades the risk-averse from investing. But you may be wondering. Why does bitcoin fluctuate so much? Don’t worry in this article I will be answering that question. So without further ado, let’s jump right in 1. Small … Continue reading 5 Reasons Bitcoin’s Price Fluctuates So Much
If you have heard of Bitcoin then you have probably heard of the term proof of work. This revolutionary concept is essentially a consensus mechanism employed by Bitcoin that offers unmatched security while providing a more democratic governance protocol. But it is not all sunshine and rainbows. With this security comes huge climate impacts and issues with scalability. In this article, I will be covering … Continue reading Why Does Bitcoin Still Use Proof of Work?
Bitcoin is the best-performing asset of the past decade but this was not always the case. It wasn’t until two years after its inception that it reached $1. All in all, Bitcoin has had a volatile trading history. Starting from a niche community of cypher funks to a world-renowned digital currency with millions of users. In this article, I will be covering its trading origin … Continue reading When Did Bitcoin Start Trading?
If you have transferred Bitcoin then you have probably had to pay a transaction fee. Although they can be costly they are an integral part of the Bitcoin network. Ultimately, they ensure security by incentivizing computers to validate transfers. In this article, I will be explaining what Bitcoin transactions are and much more. So without further ado. Let’s jump right in. TL;DR: Bitcoin transaction fees … Continue reading Bitcoin Transaction Fees: What Are They And Why Are They Needed?