Over the past few years, cryptocurrencies have gained maximum momentum. Their adoption rate is increasing exponentially with no signs of stopping. As a consequence, the Fintech enterprise is experiencing massive transformation, and its effects ripple across multiple industries.
Let’s just wind the clock back to 2009.
The inception of Bitcoin was just the primum movens, the initial force that triggered massive innovation in a field previously unknown to humankind. The success of cryptocurrencies has been such that today, the total market cap is equating $740 billion, with more than 1400 different crypto-coins and tokens, and tens of thousands, possibly even millions of new jobs created.
At this point, it’s safe to say that cryptocurrencies are not going anywhere.
Continue reading US Cryptocurrency Regulation: Policies, Regimes & More
Right off the bat, this article has no intention of digging deep into the legal nature of cryptocurrencies or deconstructing specific national regulations, but rather it strives to paint a general picture of the regulatory approaches undertaken by governments all over the world, and the problems they’re currently facing.
More importantly, it aims to equip you with sufficient knowledge of the legal intricacies surrounding Distributed Ledger Technology frameworks, so you can get a general sense of the direction which government regulators are taking in regard to cryptocurrencies and distributed ledger technology.
Hopefully, this will allow you to better manage your expectations and predictions about the pace and direction this stochastic industry is about to take in its future development.
Continue reading An Introductory Guide to Cryptocurrency Regulation
On August 24, 2017, an expansion of the Bitcoin network to enable the accommodation of the vastly increased customer base and transaction volumes was carried out. This Segregated Witness (also known as SegWit) implementation was a soft fork change in the transaction processes of Bitcoin.
SegWit was implemented in order to make Bitcoin transactions less malleable and more adaptable to enhancement in the size of the blockchain to increase transaction speeds. It had become clear that a new technology was needed for Bitcoin: one that could provide an extra layer to the existing blockchain to make transactions cheaper and quicker, without altering the basic structure or existing security backing of the network.
SegWit was thus produced to make the development of such technology possible.
The technology that was proposed to address these issues with Bitcoin was the Lightning Network.
Continue reading Lightning Network: The Guide That Tells Everything You Need to Know
The price of Bitcoin has surged from just over $1,000 in the beginning of 2017 to over $15,000 in 2018. Many other cryptocurrencies have followed very similar trends. As a result, it is only natural that ICOs have witnessed a huge flurry of attention from people in just about every corner of the world.
ICOs have captured the attention and interest of millions. Everyone from seasoned investors to curious newbies trying to get their feet wet seems to want to get involved – and it’s no surprise why.
First of all, I’m your average Joe. I’m not an entrepreneur, I’m not a trader and I’m not a developer. I’m a guy who was in a job I hated, in a town I wanted to leave and relationship going southward and by a few leaps of blind faith, I found myself stumbling into the right place at the right time.
I had heard of Bitcoin before. I couldn’t tell you when or where but it was a word I was familiar with. For some reason, it had never really turned my head or caught my attention until I took a break from my stagnant career and embarked on a journey across the world.
Continue reading The Rise and Fall of My Bitcoin Fortune: A Story and Guide
First, Let’s Talk About Privacy
“They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety”- Benjamin Franklin
In today’s world of advanced civilizational dependence on technology, one can barely make the case that today’s society, although declaring to respect and cherish individual freedoms, gives any value to one of the essential human needs- privacy.
Individual dignity, integrity, personal autonomy, and independence are one’s essence as a human being, and these values lay the grounds of what humans conceptualize as privacy.
Continue reading The Ultimate Monero Guide
Ethereum is the next big technological step for humankind.
From a comparative standpoint, if Bitcoin is decentralizing currency, Ethereum is decentralizing the Internet.
Ethereum will change everything: the way we exchange value over the Internet, the way we use our computers, it will revolutionize the development of applications, communications, and ultimately our futures.
Continue reading What is Ethereum: The Ultimate Guide
Why Accept Cryptocurrency Donations?
Have you ever thought why a charity or a nonprofit organization would want to use cryptocurrency in the first place?
If you are a member of either one of those, you would already know how hard it is to find new and creative ways to fund your mission.
It is a grueling process.
Various charities have distinctive forms of fundraising depending on their mission, the region they are operating in and other circumstances.
Continue reading The Complete Guide on How to Accept Cryptocurrency Donations for Charities and Individuals
What is Bitcoin mining?
Mining is the process by which new bitcoins are created and simultaneously, the way the bitcoin system is secured. Through mining, bitcoin transactions are validated and cleared.
Mining is a sort of decentralized clearinghouse because it secures the bitcoin system and enables a network-wide consensus to be achieved without a central authority or a trusted third party. It is the invention that makes cryptocurrencies revolutionary.
Well, technically, Bitcoin is an emanation of an ingenious solution to the double-spending problem and the Byzantine Generals’ Problem.
Continue reading Bitcoin Mining: The Ultimate Guide to Start Mining Bitcoins