Bitcoin vs Bitcoin Cash

bitcoin cash

One of the biggest pitfalls of Bitcoin at the moment is its scalability and transaction processing speed. Bitcoin Cash was created in order to resolve some of the issues with Bitcoin scalability and transaction processing speed.  In order to understand why Bitcoin Cash was created, let’s start by defining Bitcoin and the exact issues that … Read moreBitcoin vs Bitcoin Cash

What Is A WhitePaper and How To Use It To Make Informed Investments

Reading a white paper is a daunting prospect. No one wants to take the time and read through a 30+ page, technical description of a complicated piece of technology. However, being able to read and comprehend a whitepaper will give you a huge advantage over other investors. Most investors are too lazy to read the … Read moreWhat Is A WhitePaper and How To Use It To Make Informed Investments

Cryptocurrency Definitions: Fiat Currency

fiat currency

Fiat money is currency that a government has declared to be an official medium of payment recognized by law, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. … Read moreCryptocurrency Definitions: Fiat Currency

Cryptocurrency Definitions: Smart Contracts

What is a Smart Contract? Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts allow arrangements and transactions to be performed without a need for enforcement mechanism system, or even a central power among disparate parties. They leave trades irreversible, transparent, … Read moreCryptocurrency Definitions: Smart Contracts

Cryptocurrency Definitions: Whitepaper

What is a Whitepaper? A white paper is an informational document issued by a business to promote or emphasize the qualities of service, product or a remedy. White papers are persuade or marketing and sales records used to entice customers buy service a item, technology or methodology or to find out more about. White papers … Read moreCryptocurrency Definitions: Whitepaper

Cryptocurrency Definitions: Satoshi

The smallest unit of the bitcoin cryptocurrency. Satoshi is named after Satoshi Nakamoto, the creator of the protocol used in block chains and the famous Bitcoin cryptocurrency. The satoshi represents just one hundred millionth of a bitcoin. Contrary to the physical variations of international currencies, like the British pound or U.S. dollar, cryptocurrencies predominately exist … Read moreCryptocurrency Definitions: Satoshi

How Ethereum Was Created

Founded in 2015, Ethereum is the 2nd largest cryptocurrency in the world, behind Bitcoin. Ethereum (ETH) is a decentralized program platform that empowers SmartContracts to be assembled and operate without downtime, fraud, interference or control from an outside party. How Did Ethereum Start? Ethereum was proposed in 2013 by a cryptocurrency researcher/programmer named Vitalik Buterin. … Read moreHow Ethereum Was Created

Cryptocurrency Definitions: Monero (XMR)

monero

What Is Monero? Monero (XMR)is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. Most existing cryptocurrencies, like the major ones (Bitcoin, Ethereum, ect.) have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be … Read moreCryptocurrency Definitions: Monero (XMR)

Cryptocurrency Definitions: Bitcoin Gold

bitcoin gold

Bitcoin Gold (BTG) was first suggested by Jack Liao in May 2017. This new version of Bitcoin involves the shifting of the hashing algorithm to utilize Ethereum’s installment, opening up mining capacities into consumer grade hardware, allowing everyday users to mine the new money. The goal of Bitcoin gold is to become a better “gold” … Read moreCryptocurrency Definitions: Bitcoin Gold

Cryptocurrency Definitions: Bitcoin Fork August 2017

On August 1st, 2017, a divergence in the bitcoin blockchain was created. This created a new bitcoin token on the blockchain in addition to the bitcoin from the original chain: Bitcoin cash. Everyone who owned the original bitcoin kept their existing tokens, but also received bitcoin cash tokens on the day of the split. There … Read moreCryptocurrency Definitions: Bitcoin Fork August 2017