What would be the reasons for the unpredictable price variations of Bitcoin? There are millionaires who appear to not know about this major issue.
In reality, every cryptocurrency blogger would have their set of arguments. But, aren’t we all tired of reading really long articles where they express their opinions based on freedom of thought?
So, let’s cut to the chase and identify the theories which could have shaped their thoughts.
Continue reading 3 Major Theories Behind Bitcoin Volatility
Nick Szabo is a living legend in both the cryptocurrency and cryptography worlds. Although he’s not a household name, and if you’re new to the crypto games, you probably would have never heard of him.
However, Nick Szabo has godlike status amongst the sincere crypto enthusiasts.
The man’s extensive range of interest, extending from the origins of money, economic and legal history to cryptography and blockchain technology makes him a natural polymath and a one-of-a-kind man.
Both a computer scientist and a legal scholar, he married his two central interests and, in 1996, gave birth to the concept of “smart contracts.” Many years later, “smart contracts” became the central “feature” of the Ethereum blockchain protocol and gave rise to a whole new way of commerce on the Internet.
Continue reading Nick Szabo: The Mysterious Blockchain Titan
What are Bitcoin Transaction Accelerators?
Imagine what it would be like if you’ve just sent some Bitcoins and the network is yet to confirm your transaction. And then, you realize that you’ve been patiently waiting for two whole hours and the Bitcoin appears to be stuck in an imaginary tunnel.
Your contact on the other end is beginning to question the veracity of your claim. You’ve sent them the transaction hash, but all this block and chain stuff are beginning to come off as some high sounding chicanery – after all, just how old is this technology anyway? Who is to say some enterprising upstart somewhere hasn’t found a way to “tickle” the system and this transaction right here was ground zero!
Continue reading Bitcoin Transaction Accelerators: No More Bitcoins Stuck in Traffic
What’s happening in the world of cryptocurrency is nothing short of a revolution.
The potential of Bitcoin is still not fully understood by even the most active players in the market. Its capitalization as of today is valued at $220 billion (subject to change), and the daily trading volume is $4 billion (approximated).
Since the birth of cryptocurrency, there have been many questions like “Is it too late to invest in Bitcoin?” or “Can I make money buying it today?”.
If you’re starting out and don’t understand the basics of Bitcoin mining, take a look at our comprehensive guide on Bitcoin.
Continue reading Bitcoin Investing: Is It Too Late to Invest?
As the price of Bitcoin skyrockets from $750 at the beginning of 2017 to more than $16.000, it seems like Bitcoin is attracting everyone’s attention.
While you’re reading this, you may have already invested in Bitcoin and currently, a ‘hodler’.
Or, you may be waiting for a possible drop in the near future.
In fact, you might have had second thoughts on not investing when you hear phrases like Bitcoin bubble burst, Bitcoin price drop etc.
The media frenzy has gone viral as cryptocurrencies are featured in every major news network in the world. As the CME Group, one of the largest exchange groups in the world, announced it will roll out a Bitcoin futures contract in the fourth quarter, it has been a wild few weeks for Bitcoin traders.
What all of this means for Bitcoin is not the subject of this article.
But rather, what Bitcoin means for the huge wide world!
It seems like everyone is talking about the good side of the coin, but is the community even aware of the bad side at all?
Continue reading Bitcoin: Environmental Impact And Solutions