Guides

Cryptocurrency got its name because it uses advanced coding and encryption to transmit data. It was created to remove reliance on banks and necessitate peer-to-peer payment transactions. Heavy encryption and coding are necessary to provide secure transactions for purely digital currencies. Crypto transactions require a two-factor authentication process, making it harder for hackers to tamper. However, even with the securities set in place, cryptocurrencies aren't entirely unhackable. One of the most recent hacks was South Korea's Bithumb exchange, where $30…

Understanding the difference between Bitcoin, Bitcoin Cash, and Bitcoin SV first requires looking into what hard forks are. Then, they explain how the two latter networks or cryptocurrencies were created from Bitcoin. Blockchain developers forked Bitcoin to create Bitcoin Cash (BCH) the same way they forked Bitcoin Cash to create Bitcoin SV (Satoshi Vision, BSV). So, it is right that BCH and BSV are tweaked versions of BTC. Hard forks are irreversible or permanent changes implemented on a blockchain network.…

Looking through the thousands of websites and forums that contain helpful information on cryptocurrency seems fun. It is an excellent way to learn what you need to know about cryptocurrencies and how they work. But, if you do not see what people are talking about, you will have difficulty understanding the basics. Frustrating. Before you delve into cryptocurrency, here are some basic terms you need to know. This glossary will have the words you will most likely come across in…

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…

The crypto space is rapidly expanding and in-comes different token models with additional features leveraging varied mechanisms. Tokens in the crypto space are categorized into either inflationary or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period.  A well-demonstrated example of an inflationary token is Bitcoin, which is released 12.5 new coins every 10 minutes to reward miners for mining the next block. However, not all inflationary tokens are…

Ethereum Classic (ETC) is an open-source blockchain network embedded with smart contract technology. It operates on the Turing-complete virtual machine of Ethereum, and it is known as the real Ethereum following the hard fork that took place some years back to yield the new Ethereum we popularly know. Ethereum Classic in a Nutshell It is the original Ethereum, which kept its blockchain distributed ledger intact following the hack of funds deposited in the DAO smart contract.  It has a total…

Blockchain is one of the most exciting technological developments over the last century. The rapid evolution of decentralized computing systems and hacker-proof ledgers has led to blockchain technology adoption in several companies and industries.  Formerly, traditional sectors like finance and healthcare have opened their doors to utilizing this ledger technology in their systems. As a known catalyst of change, blockchain has revolutionized the speed of transactions and trust in the system. However, does it stand a chance in the education…

Cryptocurrency talk can get confusing with its distinct and seemingly similar terms being interchanged continuously. As a result, cryptocurrency faced a significant challenge trying to take off and have the world embrace it upon its debut. To a large extent, most people had inadequate knowledge about it and thought of it as another pyramid scheme ready to rip them off.  To understand cryptocurrencies, it is better to grasp blockchains' mechanics - the underlying technology that runs digital currencies. Blockchain 101…

In the corporate world, there is nothing like "free money." Whenever you pull such a stand, there is always something attached to it. Even if you might not be able to see it at the moment, it will eventually materialize and take you hostage.  However, in cryptocurrency, "free money," usually referred to as "Airdrops," is quite common and comes with no strings attached. For you to be eligible for an airdrop, however, there are specific requirements that you must meet…