For now Bitcoin remains the dominant coin in the cryptocurrency market place. While Litecoin is no longer number two or even number three – those spots have been taken by Ethereum and Bitcoin Cash – but it still remains in the top ten. Even with Litecoin losing it’s status as one of the top three …
As cool as it would be if Neo was named after the Matrix character, Neo the cryptocurrency, has nothing to do with him – sadly. In fact, Neo was rebranded from Antshares last year and the rebranding has been very successful – June 4th Neo was valued at $1.25 and now Neo is valued around …
After seeing Cardano jump into the top ten relatively recently I was surprised, especially after doing my research into the coin.It has some promising features but seems like vaporware for the near future – offering little improve over other cryptocurrencies. But let’s get into what Cardano is before I lay out my opinion on it. …
IOTA has made a name for itself in the cryptosphere by jumping dramatically into the top ten cryptocurrencies in within less than a week. The little known coin increased by 1200% over the past month and over the past week increased by almost 300% – remarkable returns within a short period of time. Many were …
Bitcoin – cheaper or not? Bitcoin is an alternative to traditional banking services. But is it a good alternative? A good alternative should arguably be better, faster, cheaper, and easier to use than its predecessor to gain adoption. Bitcoin is faster and has so far gained value in comparison to fiat currencies, so it …
On August 1st Bitcoin had a hardfork into two different currencies Bitcoin and Bitcoin Cash. After much arguing within the community and discussion about what the miners vote for it turned out that Bitcoin Cash was created. Bitcoin Cash, for non-technical people was basically free money. If you owned Bitcoin, and had it in a …
What is Ethereum? Is Ethereum just another Cryptocurrency? No. Ethereum has been called the future of the internet or Internet 2.0 or the backbone of the internet. All of those terms can be applied to Ethereum if it gets large enough. But what is Ethereum really? Decentralized Internet: Ethereum is a decentralized internet competitor. What …
Bitcoin, seven reasons to buy Bitcoin is a fairly new in terms of currencies available in the world. So why would you use a digital currency as opposed to a long-established government currency? It’s an investment, as well as a currency. Due to the deflationary nature of Bitcoin and some other cryptocurrencies, it should become …
No physical Bitcoins: With ownership of Bitcoin and other cryptocurrencies, you technically don’t own anything physical. You can’t go to Coinbase, Airbitz, Kraken, Bittrex or any other exchange/wallet service and ask to withdraw cold hard Bitcoin. You can’t even go to a physical Bitcoin ATM and withdraw Bitcoins. Meaning you don’t really own anything. (Interested …
The basics of Mining Bitcoin: This is a continuation of the what is bitcoin series. Mining bitcoin or other cryptocurrencies, which use proof of work algorithms to secure their blockchain (ledger), is a bit like mining for gold. It’s hard, requires work, and electricity to “mine” a bitcoin and there will only ever be a …