Bitcoin

SegWit2x (“B2X” or “S2X”) was a failed, controversial Bitcoin hard fork effort aimed at doubling the block size limit. Some people in the BTC community went as far as to label this proposal as a “Corporate Takeover.” Over 80% of miners supported SegWit2x, but the community could not agree on the upgrade. Nevertheless, we can all learn several things from this story, as we will explain in the article. The difference between a “Soft Fork” and a “Hard Fork.” Before…

From Satoshi Nakamoto's historic whitepaper to modern times, cryptocurrencies have changed a lot. This sector has brought about a real revolution in the world economy in just under ten years. Only some people know that the algorithm created following Nakamoto's paper has undergone several changes over time. This software (known as "Bitcoin Core") has shown more rigidity than many modern blockchains. For this reason, analyzing one of its significant changes over time is an exciting aspect. Therefore, this article will…

How to evaluate the security of a cryptocurrency? One could easily claim that secure cryptos must run on a secure blockchain. However, this theoretical statement can have complex applications in the real world. One way to look at the matter is by connecting security to validation. Every blockchain must have a suitable transaction validation mechanism. When it comes to blockchain validation, we generally mention nodes. Today we will talk about Bitcoin nodes. The article aims to explain a very technical…

Short-term Bitcoin traders have an acute interest in how they can dodge paying taxes on their Bitcoin, especially on capital gains. Others see it as a tool for evading taxation, including income tax. These strategies are usually quite difficult in practice and, therefore, NOT recommended. However, a more interesting question – relevant to law-abiders and long-term HODLers – is how we can use our Bitcoin to help pay our taxes. Directly. This prospect is essential for people who store most…

On October 19th, 2021, the first Bitcoin US Bitcoin ETF launched on the New York Stock Exchange. This was a long-awaited event for the crypto community, which viewed it as a significant milestone for the industry. The debut was hyper-successful, too. The ETF generated over $800 million in trading volume within just a day. It was the NYSE's second most lucrative stock market debut ever, behind Black Rock’s carbon fund. Why the enthusiasm? What is a Bitcoin ETF, and what…

New Bitcoin investors often need help with how safe this technology is. And, since buying BTC could be expensive nowadays, they are right to enquire about crypto safety. After all, their assets are on the line if something goes wrong with the blockchain. Bitcoin is one of the most popular digital forms of money. It has been around since 2009. For the past 14 years, this virtual currency has demonstrated exceptionally strong in ensuring data security. The blockchain network supporting Bitcoin…

It is no secret that cryptocurrencies come with a significantly high carbon footprint. But today, cryptocurrencies are more mainstream than ever and regulate different markets. So, crypto issuers are surely researching how to cut back energy costs. In the future, cryptocurrency mining will turn to renewable energy use. Using this type of energy would accelerate crypto adoption in many countries. During the COP26 summit, many crypto experts analyzed sustainable crypto initiatives that made the crypto news. Long-term Impact of Crypto Crypto…

Cryptocurrency has taken the world by storm. Yet, today, it is likely that someone using the internet has yet to hear about Bitcoin even once. Yet, such is the popularity of cryptocurrency that many companies and brands accept it as payment. Additionally, dozens of crypto exchanges allow you to buy any cryptocurrency with fiat money. Buying cryptocurrency has become incredibly accessible, and you can find guides and articles on how to do so. However, most Bitcoin owners have one question.…

In the last decade, Bitcoin has had significant attraction and growth worldwide. Today, Bitcoin has the support of hundreds and thousands of users and has become a bastion in the crypto landscape. Despite its tumultuous history, Bitcoin remains the most reliable and profitable long-term investment. On the other hand, the viability of this cryptocurrency is more anonymous than people think. Of course, BTC holders can avoid the control of traditional financial institutions. But it also carries an added risk that…