Why Is Bitcoin so Popular? Is It the Future of Currency?

Bitcoin is a digital currency that was created 9 years ago by an anonymous person under a pseudonym. Bitcoin uses a distributed ledger called Blockchain, which is not operated by a centralized authority, unlike government-issued currencies. This prevents the long-standing problem of double-spending in digital money. Users who participate in the Bitcoin network and verify … Continue reading Why Is Bitcoin so Popular? Is It the Future of Currency?

Can a 16-Year-Old Buy Bitcoins and Altcoins Without Their Parents?

One of the best and most reliable Bitcoin brokers is Coinbase. At Coinbase, which is also world’s largest Bitcoin broker, you can buy $150 or €150 of Bitcoin per week instantly with a credit or debit card in United States, United Kingdom, Canada, Europe, Australia and Singapore. Coinbase has a fee of 3.99% on all … Continue reading Can a 16-Year-Old Buy Bitcoins and Altcoins Without Their Parents?

Is Blockchain Improving or Replacing Stock Exchanges?

Traditional stock markets are centralized, expensive and have limited transparency. Keeping this in mind, stock exchanges all around the world are now exploring how they can use modern technology, including Blockchain, as a way to improve efficiency, security and to reduce costs. Blockchain is the technology that allows Bitcoin and other cryptocurrencies to be traded. … Continue reading Is Blockchain Improving or Replacing Stock Exchanges?

What Are Blockchain’s Weaknesses?

It needs to be noted that few technologies have been covered by the media, analyzed by the experts and asked about by the community in the recent years as much as the blockchain technology. This technology allows Bitcoin and other cryptocurrencies to be traded. Besides cryptocurrency trading, blockchain allows for making secure, transparent and accessible … Continue reading What Are Blockchain’s Weaknesses?

What Is Ethereum and How Is It Different from Bitcoin?

For investors, it is important to understand the main differences between Bitcoin and Ethereum. Ethereum is growing in popularity and is constantly compared to Bitcoin. Still, they are in fact different types of projects. Bitcoin is a cryptocurrency operated by a decentralized authority and there are no physical Bitcoins. Bitcoin is distributed over a public … Continue reading What Is Ethereum and How Is It Different from Bitcoin?

What Can We Expect from Bitcoin in the Coming Weeks?

Bitcoin is a digital currency (i.e. cryptocurrency) and was the world's first digital currency with a decentralized nature. Bitcoin is traded against the world's major currencies on a peer-to-peer basis with a distributed network called the Blockchain. Bitcoin (and other cryptocurrencies) exchange rate in relation to other major currencies (including the US Dollar) is of … Continue reading What Can We Expect from Bitcoin in the Coming Weeks?

Why Did All the Cryptocurrencies Crash Today and Will They Recover?

The price of cryptocurrencies usually fluctuates wildly, and more quickly than physical currencies. The plunge on Tuesday morning is extreme even for this type of market. This plunge hit all of the major cryptocurrencies including Bitcoin. This is not happening for the first time. Bitcoin has gone through several crashes in the past: spring 2011, … Continue reading Why Did All the Cryptocurrencies Crash Today and Will They Recover?

What Happens If I Send My Bitcoin to an Incorrect Address?

There are several scenarios in which you could send Bitcoin to an “incorrect” address. “Incorrect” is the address you didn’t want to type in, whether someone uses it or not. There are valid addresses and invalid addresses. If you’re lucky, you just made a typo and the typed address is simply invalid. If this happens, … Continue reading What Happens If I Send My Bitcoin to an Incorrect Address?

Why Are Countries Banning Cryptocurrencies?

Cryptocurrencies across the market are plunging because users all around the world fear that trading cryptocurrencies could be banned. The last country that announced a possible ban is South Korea. Officials stated that trading cryptocurrencies could be banned entirely, or at the very least it would be regulated. This fall affects all cryptocurrencies, not only … Continue reading Why Are Countries Banning Cryptocurrencies?

How Would You Explain Bitcoin and Blockchain to a Child?

It’s really challenging to explain monetary transactions, let alone transactions in the digital world. Nevertheless, it is possible to explain Bitcoin and Blockchain technology in a way that people who are not software engineers or economists can understand. First thing’s first – Bitcoin is a digital currency, also known as a cryptocurrency and it’s a … Continue reading How Would You Explain Bitcoin and Blockchain to a Child?