Category: Bitcoin

Bitcoin, Cryptocurrency Guides, Guides

Satoshi Nakamoto: The Man Behind Bitcoin

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

Bitcoin, Cryptocurrency Guides, Guides

The Rise and Fall of Mt. Gox

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

Bitcoin, Cryptocurrency Guides, Guides

How Does Bitcoin Prevent Double Spending?

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?

Bitcoin, Cryptocurrency Guides, Guides

5 Reasons Bitcoin’s Price Fluctuates So Much

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

Bitcoin, Cryptocurrency Guides, Guides

Why Does Bitcoin Still Use Proof of Work?

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, Cryptocurrency Guides, Guides

When Did Bitcoin Start Trading?

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?

Bitcoin, Cryptocurrency Guides, Guides

Bitcoin Transaction Fees: What Are They And Why Are They Needed?

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?

Bitcoin, Cryptocurrency Guides, Guides

Why do Bitcoin Transactions Take So Long?

If you have withdrawn or deposited Bitcoin then you have probably suffered through the long wait times. Processing can take 1, 2, or even 3 hours or more. But you may be wondering, why do Bitcoin transactions take so long?  Don’t worry. In this article, I will be answering that question and much more. So without further ado, let’s dive right in. Why do Bitcoin transactions … Continue reading Why do Bitcoin Transactions Take So Long?

Bitcoin, Cryptocurrency Guides, Guides

Why do Bitcoin Addresses Change?

If you have received Bitcoin then you have probably noticed your address change. Although this may sound worrying it is part of the functionality of the network rather than a bug. In this article, I will be covering why Bitcoin addresses change and much more. So without further ado, let’s jump right in. TL:DR: Bitcoin generates new addresses to increase privacy. All in all, it … Continue reading Why do Bitcoin Addresses Change?

Bitcoin, Cryptocurrency Guides, Guides

Why Does Bitcoin Affect Altcoins?

At the end of the day, Bitcoin is king. Ever since its inception, it has remained the number one cryptocurrency. With this power comes extreme influence on the market. More specifically the effect on altcoins. Bitcoin either destroys them or allows them to flourish. But you may be wondering, why does Bitcoin affect altcoins? Don’t worry. In this article, I will be answering that question and … Continue reading Why Does Bitcoin Affect Altcoins?