Bitcoin is a digital currency that has gained a lot of attention and popularity in recent years. It exists only in digital form and is not controlled by any central authority, like a government or a bank. Bitcoin is referred to as digital gold due to is programmed scarcity and is best used as a store of value as well as a hedge against inflation. It is also used as a peer to peer currency where a sender can pay a receiver via the blockchain and wallets and without any intermediaries like a bank.
Bitcoin
The Lightning Network is a second-layer scaling solution for Bitcoin and other blockchain-based cryptocurrencies. It was created to address some of the limitations of these blockchains, such as slow transaction speeds and high fees. This primer will help you understand the basics of the Lightning Network. 1. The Need for
Bitcoin
In today's world, there are a wide range of investment options available to everyone. Terms like debt, equity, leverage, inflation and interest rate have found their way into family discussions. A good income and career no longer guarantee the financial security that past generations enjoyed. Instead, a good understanding of
Bitcoin
Bitcoin was created with a vision to have peer-to-peer digital money without any intermediaries. In 2008, Satoshi Nakomoto, who stays anonymous to this day, created Bitcoin using blockchain and cryptography technologies. How does Bitcoin work?
Bitcoin
The cryptocurrency market has been buzzing with excitement and anticipation regarding the elusive Bitcoin Exchange-Traded Fund (ETF). Let's take a look at what a Bitcoin ETF is, which entities have filed for one, the current status of these applications, and how the potential approval of a Bitcoin ETF could impact
Bitcoin
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group of individuals using the pseudonym Satoshi Nakamoto. It is often referred to as a "digital gold" and is one of the most well-known and widely used cryptocurrencies in the world. Here are some
Bitcoin
"Digital artifacts", aka #nfts on the Bitcoin chain. What is a Bitcoin NFT ? Bitcoin NFT refers to NFTs that are being created on the Bitcoin chain using the Ordinals protocol. The Ordinals project refers to the Bitcoin NFT as a “digital artifact”. How is it different from other NFTs? -
Bitcoin
Bitcoin for Payments Bitcoin is a cryptocurrency with a current market cap of ~$524B. It is gaining popularity as a 'store of value' and investors buy and hold Bitcoin to hedge against inflation. It is also a currency and can be used to pay for purchases. There are merchants both
Bitcoin
Blockchain networks predominantly use 2 popular algorithms to maintain and update the blockchain ledger. The proof of work algorithm is a mechanism that is used to maintain trust between the nodes and to eliminate the risk of double spend. Whenever a bitcoin transaction occurs, it is the responsibility of all
Bitcoin
Bitcoin has been dubbed digital gold since there are only a fixed number of 21 Million bitcoins, making it a scarce asset. Another similarity that bitcoin shares with gold is that new coins have to be mined from the digital blockchain network. There exists a fixed total of 21 Million
Bitcoin
Currencies are issued by sovereign governments and controlled by the central banks of the respective governments. Central banks develop and adopt monetary policy to regulate the supply of currency so as to maintain the overall economic standards of the respective countries. One of the key functions of a central bank
Bitcoin
As the name suggests, the bitcoin blockchain is a collection of blocks that are linked together to form a chain. New blocks are added to the chain by the bitcoin miners. They record new transactions in the blocks and are paid a reward in return for the work performed. The
Bitcoin
If you look around, all the entities and organizations like schools, banks, companies and governments can be thought of as centrally managed networks. In such networks, a centralized powerhouse controls all the activities within the network. Web 2.0 and Centralization The internet started out as a decentralized network of