Bitcoin is a cryptocurrency that has a fixed supply of 21 million coins. Some projects “mint” tokens in time for the launch date, but Bitcoin requires miners generate blocks on the Bitcoin blockchain, receiving rewards in crypto for doing so. After the first Bitcoin blocks were mined in 2009, there was roughly 1.6 million BTC …
When the price of Bitcoin reached a then all-time high of roughly $20,000 in December 2017, many programmers, gamers, tech nerds, financial gurus, and others became millionaires and billionaires. Early adopters who bought the crypto asset before February 2011 were the last ones able to secure BTC at a price under $1. Even those who …
These people became Millionaires & Billionaires with Bitcoin Read More »
In early December 2020, the price of Bitcoin still hadn’t surpassed an all-time high the crypto asset set in 2017, and some in the space were speculating if or when it could. However, almost three years to the day since BTC first rose to a price of $19,891, the coin surged past $20,000, $30,000, and …
Unlike Bitcoin, Ether, and many other digital currencies, Dogecoin started as a joke — a token created by two software engineers whose design was almost cartoonish when compared with some of the tokens on the crypto market at the time. The design of the token was based on a popular meme: a Shiba Inu dog …
Even before electric vehicle manufacturer Tesla announced it would be tossing its hat into the crypto space with the purchase of $1.5 billion worth of Bitcoin, its CEO was known by many for his seeming enthusiasm over cryptocurrency. Elon Musk has made many controversial statements on Bitcoin, the meme-based cryptocurrency Dogecoin, and other tokens. As …
Elon Musk’s activities on Crypto: Is he facing a SEC charge? Read More »
Like Bitcoin, Ethereum is a network running on blockchain technology. However, unlike Bitcoin, the Ethereum network is arguably more complex, allowing users to build and release decentralized applications and smart contracts. This has led to a large number of projects being built on the Ethereum blockchain. Miners receive the digital asset Ether, or ETH, as …
Not quite a standard cryptocurrency because Ripple uses a consensus algorithm to verify transactions instead of a blockchain, XRP is still a popular token among crypto users and remains in the top five digital assets by market capitalization. The protocol allows users to exchange different types of different assets with XRP as “fuel,” while RippleNet, …
Bitcoin is a digital currency. Unlike U.S. dollars or Chinese yuan, there is no physical paper or metal coins. Many investors liken Bitcoin to “digital gold” — more of a commodity than a currency. Transactions with Bitcoin are conducted via a public distributed ledger called a blockchain, the infrastructure behind cryptocurrency. The Bitcoin blockchain created …
In the crypto space, Tether is known as a stablecoin. This is a token whose price is usually stable — unlike many cryptocurrencies, which are considered volatile — and often pegged to that of a fiat currency like Chinese yuan. In Tether’s case, the price of the token is more or less the same as …
Like a wallet holding paper money in the real world, a Bitcoin wallet is intended to be a safe and secure place to store your cryptocurrency. There are certain wallets that only support BTC, but many are designed to support multiple tokens at the same time. Overview for Fast-Readers Bitcoin users have to store their …
