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 …
This is a continuation of the Bitcoin series. Buying Bitcoin is possible: We’ve taught you the basics about bitcoin. So now if you wanted to get ahold of some of these exciting and interesting coins. This guide will teach you how to buy Bitcoin. You can buy bitcoins from exchanges or directly from other people …
Cryptocurrencies are decentralized currencies which serve any number of purposes. The originator of the cryptocurrency movement was Bitcoin. Bitcoin is meant to serve as an alternative decentralized, trustless, currency. No one controls the supply of it like with fiat money, there is no central bank, there is only people (like you and I). The Bitcoins …
