Guides

The advent of cryptocurrencies and blockchain technology ushers a new paradigm in the world of passive income. Besides introducing innovative earning methods, cryptocurrency has disrupted incumbent passive income models. Outlined below are some of the most profitable streams of passive income: Staking and Loaning Staking and loaning are the same things, except for the context in which the money is risked. Staking has been previously identified as a profitable stream wherein users stake their coins and earn interest on them;…

The date was December 22, 2017, when the inevitable happened. Bitcoin’s value suddenly dropped by 45% from its peak after soaring for an entire year. The bubble burst and the doom had come. The dream of a new era financially dominated by cryptocurrency was put on hold. Today, we look back at what led to the Great Crypto Crash two years ago. Then, we try to find out how it changed the market and answer one of the questions that…

Learning to invest in cryptocurrencies may seem like a daunting venture for beginners. This is because one must quickly grasp many terms and definitions to succeed. What is Bitcoin, and what is blockchain technology? What are tokens, wallets, and ICOs? Can you get rich overnight? Do you pay taxes for digital assets? And, how does "Proof of Work"…work? Like any financial enterprise, the crypto industry has success stories and horror tales of bankruptcy-inducing scams. Some people enter the market with…

Proof-of-Work, the mechanism to secure a decentralized network, was first introduced in the Bitcoin protocol in 2009. It was a revolution in its own right because of its ability to allow the flow of value and information over the internet without the risk of being attacked. Since then, Proof-of-Work or PoW has been implemented over various other protocols like Ethereum, Dash, Litecoin, and it has achieved great success. But as it is always said, there are always trade-offs. To help…

Blockchain technology is evolving rapidly and changing financial assets and economic models. Therefore, its support for cryptocurrency development can no longer be ignored. Instead, it may soon revamp how we view money and its ever-changing nature. Tokenization is one of the main changes that blockchain has brought so far. This process converts real, palpable goods into digital tokens, enabling easy transfer and virtual manipulation. Gold is just one of the latest tangible assets to go through tokenization. Gold-backed cryptocurrencies capture…

One of blockchain's roots is often forgotten from Yuji Ijiiri's breakthrough in 1989: triple-entry accounting. To understand what this means, let us take a step back and understand this hot topic's history. Initially, there was single-entry bookkeeping. Records were documented in a central book allowing kings and queens to manage their finances and build their empires. Whoever was in charge of the book had to be trusted by their superior since they could quickly cook the books for their benefit.…

Highlights: Cryptocurrencies are a new technology that decentralizes the transfer medium, i.e., currency. Cryptocurrency is different from Blockchain. A Blockchain is a protocol, one of the applications of which is a cryptocurrency. Blockchain is a decentralized network of nodes with various daily applications. Cryptocurrencies use decentralized control instead of centralized digital currency and central banking systems. One can buy and sell cryptocurrencies in a cryptocurrency exchange. Introduction Satoshi Nakamoto, a pseudonym on the internet, borrowed from several ideas. He/she/they posted a…

With an increasing number of cryptocurrency amateurs coming into the market every day, it is evident that there is a growing rise in demand for resources that guide them along their journey. Various information-providing sites are available online to help you with that information. They are needed to get an expanded picture of the whole sector and make informed decisions based on their findings. Readers are encouraged to use the resources available and allow themselves to understand and comprehend the…

One of the “killer applications” of blockchain technology is smart contracts. Smart contracts are regular contracts that enforce according to the agreed terms and conditions are written in the code. This is a “killer app” because it removes the middleman for services, just as Bitcoin eliminates the middleman for asset transfers. With smart contracts, intermediary services such as brokers and agents are made redundant instead of becoming a more expensive opportunity cost to using smart contracts. On the customer-facing side,…