When it comes to the value of cryptocurrencies, it differs from one coin to another. If we take into the perspective the two largest crypto communities, such as Bitcoin and Ethereum we will see that the background of these two resides in the computational power. On this concept relies the entire system of mining. When … Continue reading How Exactly is Value Created in Cryptocurrency?
It is quite difficult to determine which of them has “more intrinsic value” since both of the cryptos mentioned have their own up and downsides. Still, both of the mentioned have great intrinsic value that is in the sole idea upon which the entire concept is based. Ethereum is not just digital currency, besides that, … Continue reading Does Ethereum Has More Intrinsic Value Than Bitcoin?
There is no immediate threat for the future of Bitcoin concering recent Bitcoin ban by China government. There is more than just one reason for that. At first, Bitcoin is stateless and almost every year China made similar moves. In the past these sorts of bans by Chinese government did not create many difficulties for … Continue reading How will Chinese Ban on ICOs Effect the Future of the Cryptocurrency Industry?
Yes, I’m sure it will crash, in 100 years we will surely have another form of currency - maybe two or three times more efficient and innovative than Bitcoin. However, if you refer to the closer future, the most important test will be this month (November 2017) during the hard fork, known as Segwit2X. If … Continue reading Will Bitcoin Crash Again?
Well, Bitcoin will remain the same as it was - in November we will have a hard fork, called Segwit2X or Bitcoin2X, and during this hard fork, a new blockchain and cryptocurrency will be formed. Even if it is referred to as a split, it is actually the creation of a new element rather than … Continue reading Is Bitcoin Going to Split Again?
Bitcoin2x - this is the cryptocurrency that I think has the potential to explode next. This cryptocoin should be created after the hard fork in Bitcoin, known as Segwit2x, which aims to increase the space in a block, speed up processing, and cut costs. In fact, I think Bitcoin2x (B2X) is one of the few … Continue reading Which Cryptocurrency is Likely to Explode Next?
To begin with, Satoshi Nakamoto, individual or a group of individuals behind that alias did not created Bitcoin single-handedly. Yes, Satoshi Nakamoto did open white paper and brought the concept of free digital currency to the world, but the creation of Bitcoin as it is today only started at that point. Satoshi Nakamoto opened Bitcoin … Continue reading Did Satoshi Nakamoto Create Bitcoin Single-Handedly?
Since the boom of the Bitcoin everyone is trying to find next big hit. It is rather difficult since the market is flooded with cryptocurrencies without any background, popularly known as “scamcoins”. Newest trend when it comes to early investing is called ICO which is shortened for Initial Coin Release. With ICO you get the … Continue reading Which Altcoins Besides Bitcoin have the Best Potential to Rise?
In the beginnings people used to pay each other in gold or silver. Gold and silver were quite heavy and inadequate to manipulate with. Then, society came to a new age – people started printing paper money. Regular currencies are based in gold. They are literally like bonds that have value in gold reserves. Paper … Continue reading Why was Bitcoin Made?
At the moment of writing, on October 30, 2017, the Bitcoin supply is 16,654,762 BTC. Note that the maximum supply limit of Bitcoin is 21 million. However, it may happen that these conditions may change after a future hard fork that would leave original Bitcoin behind similar to Ethereum Classic. But, it is difficult to … Continue reading How Many Bitcoins are Currently in Circulation?