There are two ways to get cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), or Litecoin (LTC) – you can either buy them or mine them. By using the mining process to get crypto, you’re getting them without paying for them. The crypto mining process is done by miners who, in order to …
Bitcoin mining stands as a cornerstone process in the Bitcoin network, ensuring transaction validation and network security. At its heart, this process is underpinned by complex mathematical problems that miners must solve to add new blocks to the blockchain. The significance of these math problems goes beyond mere number crunching; they are crucial for maintaining …
From what we have seen over the past few years, cryptocurrencies have experienced large increases in their total value when compared to fiat money, so if you’re interested in investing in cryptocurrencies, it’s only natural to wonder, are they worth anything? There are a lot of discussions about how digital currencies get their value and …
Nowadays, the crypto market offers lots of different cryptocurrencies you can invest in, such as Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum or Ether (ETH). You probably know Bitcoin already since it’s the world’s first and most popular cryptocurrency, but how much do you know about Ethereum, the second-largest cryptocurrency and …
Our mainstream cultural narratives usually feed upon our collective hero complex by retelling stories about singular people who invent technologies that change our ways of being and living. We like to credit Edison (and sometimes Tesla) with creating the light bulb without mentioning the early developers whose inventions laid the groundwork for Edison’s bulb, or …
For the first couple of years since crypto was first introduced, transacting with cryptocurrency wasn’t taxable by law as the crypto market as a whole used to be widely unregulated. On the one hand, this meant more autonomy and privacy for crypto traders and investors, but on the other, it resulted in less user protection. …
By now, you are all familiar with the usual cryptocurrency trading, directly buying and selling cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc., but there is yet another type of cryptocurrency trading that involves using the futures of crypto coins, also known as cryptocurrency futures. It would be an understatement to say that …
The digital asset market offers plenty of opportunities for investments. By now, you are probably acquainted with the most popular cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), etc. However, there is yet another type of cryptocurrency that you might not have heard of, a kind of digital coin that opens the …
There are thousands of cryptocurrencies available on the market. You can buy, trade, or exchange various cryptos using large centralized cryptocurrency exchange platforms such as Binance, Coinbase, and Kraken, or you can trade directly—peer-to-peer—using a decentralized exchange such as Uniswap. The possibilities are endless since developer teams are constantly launching new cryptos and initial coin …
Cryptocurrencies have gone a long way from an innovative tool designed to be digital cash like Bitcoin (BTC) first was, to the numerous multifunctional crypto assets that enable various uses of their technology such as the Ethereum (ETH) platform. When BTC was launched in 2009, it promised people a new, fast, reliable, and secure financial …
Trading fees are applied every time you trade, sell, or buy crypto. Before or during the transaction, you suddenly come across various percentages or other unfamiliar rates added to the basic price of the coin. The whole thing can seem quite ambiguous: different trading/exchange fees, fluctuating network fees, and unreasonable deposit/withdrawal fees. Well, how much …
How Do Trade Fees Work In Cryptocurrency Trading? Read More »
Bitcoin (BTC) has been leading the cryptocurrency world since its launch in 2009 and has since evolved into a true digital currency used and accepted by entrepreneurs, startups, and companies worldwide. It still isn’t accepted as a legitimate payment method by banks and government institutions, but the financial market is clearly dictating the trends, and …
What Hashing Algorithm Does Bitcoin Use to Hash Blocks? Read More »
