What Is A Public Key? A public key is a cryptographic code that enables a user to recieve cryptocurrencies into his or her account. The key coupled with the private key are important tools necessary to ensure the safety of the crypto economy. When a user accomplishes his inaugural transaction with bitcoin or altcoins, a … Read more
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 with no downtime, fraud, interference or control from a third party. It is also a programming language running onto a blockchain, enabling programmers to build and … Read more
Litecoin is the 3rd most well known cryptocurrency behind Ethereum and Bitcoin. This cryptocurrency was designed to be a Bitcoin alternative that would improve on some of its weaknesses. It differs from Bitcoin in elements such as block production speed, as it is four times faster than Bitcoin. Litecoin is easier to access and processes … Read more
A ledger is a database where every transaction of a cryptocurrency is recorded. For example, Blockchain is the ledger for Bitcoin transactions. It is a global ledger where every transaction of bitcoin that has ever happened is recorded. The complete ledger is well over 100 GB in size, and is growing every day as more … Read more
What Is Mining Cryptocurrency mining is the procedure whereby cryptocurrency tokens are all released to come to circulation. Let’s examine the process with bitcoin. Essentially, it entails solving a computationally tough math equation to find a new cube, which can be added to a blockchain, and getting a reward of couple bitcoins for solving the … Read more
What Is NEO? Formerly known as Antshares, NEO is a recent iteration on Ethereum’s smart contracts. NEO uses a unique blockchain algorithm that improves upon Ethereum’s model. While the basics still apply, it also supports decentralized commerce, identification and digitization of several assets. NEO also closes loopholes that have caused some Ether contracts to be … Read more
Altcoins is the term used to describe all the non-Bitcoin cryptocurrencies in existence. Ethereum and Litecoin are the most well known and trusted altcoins, but there are thousands of other much smaller cryptocurrencies. Bitcoin as the first currency paved the way for others to follow. Develop newer variants with benefits and altcoins are currently attempting … Read more
The global ledger where every transaction of bitcoin that has ever happened is recorded. The complete ledger is well over 100 GB in size, and is growing every day. Bitcoin does not have a central authority to update the ledger and to ensure its accuracy, so the ledger is kept up to date by trustworthy … Read more
Bitcoin is the largest and most secure cryptocurrency in the world. The cryptocurrency was founded by the mysterious Satoshi Nakamoto, whose true identity has not yet been verified, in 2009. It’s a digital currency that has sky rocketed in value in the past year, with the market cap for all Bitcoin (including Bitcoin cash) at … Read more
Cryptography is a method of storing and transmitting data in a particular form so that only those for whom it is intended can read and process it. The method involves creating generated or written codes that allows information to be kept secret. Cryptography converts data into a format that is unreadable for a user, allowing … Read more
