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Month: February 2023
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We Built Bitcoin Time Machine (sorta)
We’ve built a Bitcoin machine calculator as a way to see much you theoretically could have made if you invested years ago. What is a time machine is a theoretical device used to travel through time. So obviously we didn’t do all that. A time machine is a concept that has been featured in many… Read more
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Crypto ICO: What Are They and How Do They Work?
Crypto ICOs are one of the most talked about topics in recent months, since the rebound in digital assets prices. But what are these ICOs and what do they mean for the crypto space? In this article, we will explore what a cryptocurrency ICO is, how it works, and why it’s important. So what are… Read more
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What If I Had Invested $1 in Bitcoin in 2011, How Much Would it be Worth Today?
What if you could get yourself into a time machine and go back to 2011 just to buy $1 dollar’s worth of Bitcoin. At today’s prices how much will your dollar be worth? Specifically we are going to choose the date exact day of January 1, 2011. You may want to be sitting down for… Read more
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Can You Use Crypto to Buy a Car?
Cryptocurrency is becoming an increasingly popular form of payment, and a few car manufacturers have started to accept it as a form of payment. Tesla, BMW and Toyota are amongst the first car manufacturers to accept cryptocurrency as payment. Tesla was the first of the three to accept Bitcoin as payment, with BMW and Toyota… Read more
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What is Crypto Exchange, Kraken’s 2023 Valuation?
If you are and active, or prospective crypto investor we have all learnt from SBF saga why it’s important to know how healthy an exchange is. Before putting your hard earned cash in please study the exchange first. Kraken is a leading cryptocurrency exchange that provides a secure platform for trading a variety of digital… Read more
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Which Crypto Exchange is Right for Me?
So you’ve gotten acquainted with the world of cryptocurrencies and blockchain technology, and are now eager to invest. Great! There are plenty of ways to do so – ranging from straightforward to complex, but for many first-time investors, choosing the best crypto exchange can be an overwhelming experience. Let’s face it: There are too many… Read more
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Crypto Exchanges for New Cryptocurrency Traders
Crypto exchanges are online platforms where users can buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and other altcoins. These platforms provide a secure environment for users to trade and exchange their cryptocurrencies with other users. Crypto exchanges offer a variety of order types, such as limit orders, market orders, and stop-limit orders, that… Read more
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The History and Creation of Litecoin
Litecoin is an open source, decentralized digital currency that was created in 2011 by Charlie Lee, a former Google employee. It was created as an alternative to Bitcoin and has many of the same features, but it is faster, cheaper to send, and more energy efficient. Why was Litecoin created? Litecoin was created with the… Read more
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What is a 51% Attack in Cryptocurrency World?
We’ve learnt now that no system created by human beings is invulnerable, overtime weaknesses will be found and exploited – an example of this is a 51% attack in crypto. A 51% attack in cryptocurrency is when a malicious actor or group of actors control a majority of the computing power (hashrate) in a Proof-of-Work… Read more
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What is Proof-of-Work in Cryptocurrency?
Proof-of-Work (PoW) is a consensus algorithm used by many cryptocurrency networks to validate transactions on the blockchain. PoW is used to secure the network and prevent double-spending of digital assets by requiring miners to complete complex mathematical puzzles to create new blocks and add them to the blockchain. In return for their work, miners are… Read more
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The Scrypt Algorithm: Why It’s Useful in Cryptocurrency?
The Scrypt algorithm is an important cryptocurrency algorithm that is used in many different coins and applications. It is a memory-intensive algorithm that is designed to be resistant to custom hardware solutions that are built to increase mining power. This means that it is more secure than other algorithms, as it is not possible for… Read more
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The History of Altcoins Part 2
Cryptocurrency has been around for over 10 years, and one of the most interesting aspects of this technology is the emergence of altcoins. Since the first Bitcoin was created in 2009, hundreds of alternative cryptocurrencies have been created and are traded on exchanges around the world. But what is an altcoin, and how did it… Read more