Tag: Blockchain
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What Is Bitcoin? A Simple Overview in 2023
What Is Bitcoin? A Simple Overview in 2023 Bitcoin is a digital or virtual currency. It was first created around 2008-2009 by an unknown developer or group of developers using the alias Satoshi Nakamoto. Bitcoin is the first and most prominent member of a family of currencies now commonly referred to as Cryptocurrency. The name…
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What Is Cryptocurrency? – Quick Guide to Crypto, Bitcoin and Blockchain in 2023
What Is Cryptocurrency? – 5 Minute Read and Quick Guide to Crypto, Bitcoin and Blockchain in 2023 Just what is Cryptocurrency and where did it come from? What Is Cryptocurrency? – Cryptocurrency is a digital form of currency which exists only electronically – on the web, on your home computer, laptop or mobile device. This…
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What Are Altcoins Or Alternative Coins? – A Look at Bitcoin’s Cousins in 2023
What Are Altcoins Or Alternative Coins? – A guide to the world beyond Bitcoin Heard the term ‘Altcoins’ and want to know what they are? Read on… What Are Altcoins? – Alternative Coins (Alternative Cryptocurrency Coins) In very layman’s terms, Altcoins are “Alternative Coins” – they are alternatives to Bitcoin, the most common cryptocurrency. In…
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What is Blockchain Technology? – A Brief Overview for 2023
What is Blockchain Technology? For a simple analogy, let’s look at Wikipedia – which is an online content and article repository which continues to grow over time. You might not have realised it, but the way in which Wikipedia works is similar to that of Blockchain technology. Well, to put it into simpler terms, a…
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What is Bitcoin Mining? – A Quick Guide To Bitcoin Mining in 2023
What Is Bitcoin Mining? Bitcoin mining is a simple process to secure your Bitcoin transaction. The entire process is performed by specialized systems to regulate and secure the Bitcoin network. You must be wondering what is the process involved in Bitcoin mining. Well, in this article we will discuss the process of Bitcoin mining, why…
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Is Bitcoin Legal? – Looking at the Legality of Bitcoin in 2023
Is Bitcoin Legal? – Looking at the Legality of Bitcoin in 2023 This is a common question for people new to Bitcoin to ask, and understandably so. Especially with all the ever eye-catching Press about ‘Bitcoin Price Bubbles’, fraud, tax-evasion, money laundering and use of Bitcoin on the so-called ‘Dark Web’. The quick and easy…
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Ethereum Mining: Proof-of-Work vs. Proof-of-Stake
Reading: Ethereum Mining: Proof-of-Work vs. Proof-of-Stake If you haven’t familiarized yourself with Ethereum yet, you would be surprised to learn what it’s capable of when compared with cryptocurrencies like Bitcoin. Besides being the second-largest cryptocurrency project behind Bitcoin, Ethereum has unique and exciting concepts to offer its users. Beyond Digital Currency So, what is Ethereum?…
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What is Bitcoin? – a Quick & Easy Guide for 2023
Want to know what Bitcoin is but only have a few minutes spare? Our quick whistle-stop tour below is just the thing for you! (We also recommend some longer, more in-depth reads at the end of this article, should you be interested). What is Bitcoin? Bitcoin is a new digital currency. It’s digital – which…
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Is Bitcoin a Speculative Bubble? – A 5 Minute Quick Read on Bitcoin’s Price Warnings
Is Bitcoin a Speculative Bubble? – A discussion on Bitcoin’s ever present price warnings and naysayers… With the volatile price fluctuations of Bitcoin and the huge multiples it has returned to some investors recently, it’s no surprise that many are calling it a bubble. It’s also no surprise, that many of those same people are…
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What Is Bitcoin? – An Overview of the World’s #1 Digital Currency
What Is Bitcoin? – An Overview of the World’s #1 Digital Currency Bitcoin is a digital currency, meaning it exists electronically – on the web and on electronic hardware, and not in the form of physical coins or bank notes. Since it isn’t printed, Bitcoin is instead created electronically, and stored electronically too, most commonly…
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Why Use Blockchain? – 3 Minute Simple Explainer on the Best of Blockchain
Why Use Blockchain? A Simple Explainer on Blockchain Moving on from our explainer posts on exactly what is a Distributed Ledger and what is Blockchain, the obvious next question to ask is why do both consumers and business establishments use blockchain for their transactions? Why is blockchain useful at all? Firstly, digitised relationships (whether between…
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What is a Distributed Ledger? – Quick & Easy 3 Minute Read
What is a Distributed Ledger? Ledgers are nothing new. Think back to all the old movies you’ve watched over the years where the banker has a ledger, or the crooked businessman or bookie is trying to hide his ledger. Ledgers are a basic foundation of accounting and economics. Put simply, a ledger is just a…
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What Is Bitcoin? – Easy to Digest 5 Minute Guide to Bitcoin
What Is Bitcoin? – An easy to digest User Guide to Bitcoin Bitcoin is two things. It is both a cryptocurrency, and the underlying technology – a worldwide payment system. What Is Bitcoin? – Bitcoins as Digital Assets Common reference and associated terms: Bitcoin, bitcoin, digital currency, cryptocurrency, virtual currency, digital cash, and electronic currency.…
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What Is A Bitcoin Wallet? – Easy 3 Minute Read on Crypto Storage & Hot Wallets
What Is A Bitcoin Wallet? – Easy 3 Minute Read on Crypto Storage & Hot Wallets Want to know what a Bitcoin Wallet is? Read on… What Is A Bitcoin Wallet? – Digital Software which stores your Bitcoins. A Bitcoin Wallet is essentially a piece of digital software program which stores your Bitcoins. More technically,…
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What is Bitcoin? 6 Minute Read and Quick Guide
What is Bitcoin? A guide to everything you need to know – all things blockchain, price bubbles and the future of your money. No doubt you’ll have heard of Bitcoin recently in the press following it’s sensational price surge through the last year, so if you’re here and reading this article then you’ll want to…
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Why Use Bitcoin? – 3 Minute Read on the Benefits of Using Bitcoin
Why Use Bitcoin? With advancements in technology, Bitcoin has seemed to gain the financial market by quite the storm. It is a new and improved way of conducting digital transactions and has enjoyed a high demand since its inception. There are many uses of Bitcoin that we’re going to discuss later but first let’s look…
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The Basics of Bitcoin – A Quick Guide for Success with Bitcoin in 2023
The Basics of Bitcoin – What Is Bitcoin? Bitcoin first emerged in the year of 2009. Bitcoin has gained quite a lot of popularity since then due to a number of key reasons. Primarily, people who wish to remain anonymous are attracted towards the new technology since transfers through Bitcoins are not easily monitored by…
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What is Ethereum? – 2023 Simple Explainer on Ethereum, Ether and Decentralized Apps
What is Ethereum? – The Ethereum Ecosystem Explained Ethereum is widely regarded as the second strongest cryptocurrency (just behind Bitcoin), but in order to be able to understand Ethereum, you must first have a good understanding of the Internet. In today’s world, we often find that our financial information, data, and passwords are stored on…
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ICO Mission Control launched by Quoine, the company behind QASH – 2018 News
Quoine launches ICO Mission Control *(Update Dec 2022: Liquid was purchased by FTX, and subsequently shuttered in later 2022 when FTX filed for bankruptcy). Within the last week Quione, the fintech firm with a mission to make Cryptocurrencies more accessible to the many, and not just the privileged few – have launched the ‘Liquid ICO…
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How is Bitcoin Different to Other Currencies? – 5 Minute Easy Read
How is Bitcoin Different to Other Currencies? – A round-up on the differences between Bitcoin and traditional fiat currencies Bitcoin is the first, and most prominent example of a new breed of currencies, which we now call Cryptocurrencies. It differs significantly from traditional or ‘fiat’ forms of currency. How is Bitcoin Different to Other Currencies?…
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What Is Satoshi? – 2 Minute Guide to Bitcoin Fractions and Satoshi
What Is Satoshi? – 2 Minute Guide to Bitcoin Fractions and Satoshi Just what is Satoshi? Where does it come from and how much is it worth? What Is Satoshi? – A Satoshi is a very small unit of Bitcoin! Currently the smallest denomination of Bitcoin which you can have on the Blockchain is one…