Many investors, computer scientists, and business leaders have touted cryptocurrencies as a major development in the way that societies exchange money for goods and services. But what are cryptocurrencies and how does one make use of them? You may have encountered terms like virtual currency, digital currency, or crypto token used interchangeably with the term …
Cryptocurrency Explained: What is It and How Does It Work? Read More »
Cryptocurrency users are likely most familiar with Bitcoin, the largest digital currency by market capitalization and the most popular crypto coin. But there is potential for confusion, as there are also multiple other cryptocurrencies that include “Bitcoin” in their names as well. Two of these digital tokens are Bitcoin Cash and Bitcoin SV. Below, we’ll …
The Difference Between Bitcoin, Bitcoin Cash, and Bitcoin SV Read More »
Blockchain technology can seem daunting to understand, but its central premise is actually very straightforward. A blockchain is like a database or a ledger that stores information. The way that blockchain differs from traditional databases and ledgers is what makes this technology so powerful. Three key unique elements of blockchain are decentralization, transparency, and security. …
As Bitcoin’s price has skyrocketed in recent years, Bitcoin mining seems all the more lucrative and exciting. Like prospectors mining for gold, it’s easy to assume that Bitcoin mining involves searching for new cryptocurrency tokens, with the enticing possibility of striking it rich in the process. In reality, mining for Bitcoin is more complicated than …
With the largest market capitalization of any cryptocurrency in the world, Bitcoin is a hugely popular digital cryptocurrency. But what can you buy with Bitcoin? Given that the value of one Bitcoin is roughly $28,209 as of December 30, 2020, it would seem that you could buy a lot with a single Bitcoin. Many investors …
