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Introduction What started in 2009 with Bitcoin has now turned into a full-fledged empire. Cryptocurrencies have entered the mainstream market, and now the industry has over 1,300 types of them. Since BTC has been present in the market ever since its start, it is natural to assume it will edge…
Overview Bitcoin mining has become more complex over the past few years; in the beginning, anyone can mine cryptocurrency using a laptop. In turn, they receive a reward of 50 BTC when they verify a block of the transaction by solving a mathematical problem. Presently, the number of Bitcoins entering…
Introduction Unlike the conventional Fiat currency, transactions with Bitcoin are largely anonymous as no third party is involved in the transaction process. However, Bitcoin transactions are not entirely anonymous as one can track the origin of the Bitcoin involved in the particular transaction on an open ledger mechanism. Still, compared…
Many people have started making lots of money via cryptocurrencies these days. But, there is a debate about the use of cryptos for making money. This debate is based on two essential terms, “Bitcoin” and “Blockchain”. Despite the constant debates and people making lots of money out of cryptocurrencies, they…
The bitcoin protocol is perhaps the next big thing after the internet that deserves a special mention, not only because it solves the structural problems existing in the modern economy, it also gives people the monetary freedom of becoming one’s own bank. Bitcoin: an Introduction Bitcoin is a decentralized digital…
There are many hot investments presently. But one that arguably dwarfs all of them in popularity is Bitcoin. Bitcoin, the decentralized, digital cryptocurrency, has set record highs in the last few months and will not stop soon. This decentralized peer-to-peer currency counts on cryptography to allow currency transactions and generation.…
Introduction Ever since Bitcoin got introduced in the financial market in 2008, it has steadily increased in value due to several characteristics. Transaction in Bitcoin usually requires no intermediary personnel or the liability to pay taxation charges on the amount transacted. Furthermore, the decentralized nature of transactions makes it possible…
Overview Bitcoin is a reputable cryptocurrency that uses open-network and peer-to-peer protocols for managing transactions. Currently, Bitcoin is used as a form of payment for the goods and services offered; and also as a trading currency. Bitcoin is the most widely used decentralized virtual currency, and it is volatile too.…
Bitcoin is an evergreen cryptocurrency with the largest market capitalization and asset value. It manages to do this because of its deflationary nature and store-of-value. Compared to fiat currency, the finite supply of Bitcoin gives consumers more buying power and allows them to hedge against inflation. Apart from that, Bitcoin…
Introduction Metcalfe’s law, which is fundamentally used to measure the value of networks like the internet, social networking, World Wide Web, etc., can also evaluate the value of cryptocurrencies like Bitcoin, Ethereum, etc. Let’s understand Metcalfe’s law and how it can be used to predict the long-term price movements of…
