Which Cheap Cryptocurrency Under $1 has Huge Potential?

Here are two of them: IOTA IOTA is a coin created for the Internet of Things. Today, it costs $0.5413, but it has a great potential to grow. Here are IOTA’s advantages and forte points: - IOTA allows almost zero cost transactions; - Its system is infinitely scalable; - One can make offline transactions with … Continue reading Which Cheap Cryptocurrency Under $1 has Huge Potential?

Cryptocurrency with the Highest Mining Profitability

According to the Whattomine.com the highest profits could be acquired from mining the following cryptocurrencies: Zclassic(ZCL) - with current profitability of 177 percent and a 7-day profitability of 260 percent Zcash (ZEC) - with current profitability of 179 percent and a 7-day profitability of 131 percent Nicehash-Equihash - with current profitability of 150 percent and … Continue reading Cryptocurrency with the Highest Mining Profitability

What Happens if Someone with 100,000 Bitcoin Dies?

Let’s take note of the variables and constants in this scenario. Amount of Bitcoins in the network (supply) is constant since the cap is placed at 21 Million Bitcoins. Demand is a variable. Death of the person having been foretold is a constant. Let’s reconsider the situation. A person owning a set number of Bitcoin … Continue reading What Happens if Someone with 100,000 Bitcoin Dies?

How Mining Cryptocurrencies like Bitcoin Works

Bitcoin mining is completely legal, but be careful because authorities in many countries are still not familiar with the technology. How does mining work? People are sending Bitcoin over the network all the time, but unless someone records all these transactions, nobody would be able to keep track of who made which payment. The Bitcoin … Continue reading How Mining Cryptocurrencies like Bitcoin Works

Why Bitcoin is so Valuable

Bitcoin is a type of digital currency. It's completely decentralized, meaning that no one controls it. Bitcoins (BTC) aren’t printed and don't exist in physical form like dollars or euros – people produce them by running computers all around the world, using software that solves mathematical problems. Bitcoin was the first example of money category … Continue reading Why Bitcoin is so Valuable

The Impact on the Bitcoin Economy When You Lose Your Bitcoin Wallet

In short-term - nothing. Long term impact exists, especially if we observe huge number of cases and not each one individually. So, what happens? Let’s start with facts: Number of Bitcoins is limited to 21 million (currently we have almost 17 million mined and in circulation) Every day, certain number of Bitcoins is lost due … Continue reading The Impact on the Bitcoin Economy When You Lose Your Bitcoin Wallet