Bitcoin and Ethereum are the two most widely used digital assets. While Bitcoin is a cryptocurrency and is designed to serve as an incorruptible medium of exchange, Ethereum is a smart contract platform built on top of a blockchain. Ether (ETH) is the native token of this blockchain. Overview for Fast Readers While Bitcoin and …
What is the Difference Between Bitcoin and Ethereum? Read More »
Proof of work is the mechanism that secures many cryptocurrency networks and prevents double-spending, which was the primary obstacle to feasible digital currencies. For a transaction to be confirmed, network validators must solve complicated mathematical problems that prove the legitimacy of the transaction. They are then rewarded for their work with cryptocurrency. Overview for Fast-Readers …
Altcoins are all the cryptocurrencies created after the original: Bitcoin. Altcoins generally fall into two categories: those that bill themselves as improvements on Bitcoin; and those that serve different functions entirely. Overview for Fast Readers Altcoins run on many different blockchains, though the majority utilize the Ethereum blockchain and its smart contract infrastructure The altcoin …
Stablecoins are cryptocurrencies that have their price pegged to some other asset. This can be a fiat currency such as the U.S. dollar or a commodity such as gold. There are two main ways the issuer can maintain this peg: via a known ratio of circulating supply to reserve assets, or by using crypto-native smart …
