Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
If you've stumbled across this page in search of answers around Bitcoin, welcome! There is a lot we can teach you. Ivan on Tech Academy provides Bitcoin, blockchain, and crypto education, and can answer all your Bitcoin FAQs through a variety of different learning techniques including videos, quizzes, and research.
For this post, we have collated questions about cryptocurrency and answered the most frequently asked by beginners, to help you get started on your journey. So let's start with the absolute basic fundamentals:
Bitcoin is a cryptocurrency, often referred to as a virtual currency or digital currency, used as a method of exchange or store of wealth. On a very basic level, it is a piece of code. There are no physical coins to speak of, rather, there are UTXOs (unspent transaction outputs) that make up the balance in your wallet.
Bitcoin was created following the financial crash of 2008 as a solution to government and central bank manipulation of money and the...
If you are questioning what cryptocurrency is all about and feeling unsure as to what actually makes Bitcoin valuable, you have come to the right place! In this article, we will explore some of the different reasons people attribute value to this piece of code, why we have currencies to begin with, examine the blockchain technology that underpins Bitcoin, and how Bitcoin’s properties compare to gold.
Bitcoin is a digital currency and store of wealth, created by the pseudonymous developer(s) Satoshi Nakomoto as a solution to dwindling fiat currencies following the stock market crash and economic crisis of 2008. Put simply, Bitcoin was born out of the failings of traditional financial markets and fiat currencies.
Back in 2009, the original Bitcoin blockchain was launched. Along with its launch came the birth of a new technology that would be adopted by thousands of businesses and millions of humans around the globe.
A warm welcome to any and all crypto newcomers! We understand that many of you are probably at the point of wanting to get your hands on some Bitcoin at this exciting time. Still, perhaps you're not exactly sure how cryptocurrency exchanges work - and would like to know a little bit more before converting your beloved fiat currency into invisible magical coins.
In this article, we'll explain the uses and applications of different centralized and decentralized exchanges and take a look at what actually happens on the blockchain when you make a transaction. By the end of this article, you should have the confidence and the knowledge to venture out into the wild, wild land of crypto.
The first thing to note is that there are several different types of exchanges that operate alongside one another, shifting toward a new financial paradigm of digital finance on the blockchain bringing together fiat currency and cryptocurrencies. Some exchanges...
To understand the real value and revolutionary properties Bitcoin can bring to the economy, we must first understand the concept and properties of money. If you're researching for your next investment and stumble across Bitcoin vs. gold vs. stocks, this article will help you understand where and how your money moves, allowing you to compose the best investment strategy hard-earned cash.
Why do we have 'Money'?
Before money was invented, people would transact with one another through the system of bartering. In essence, this a form of negotiating for something you want in exchange for something you already had. For example, "I will give you five apples for your five potatoes."
However, this proved tricky when you only had cows, and you needed to get some apples. "How many apples is a cow worth?" was probably once a legitimate question for a farmer who had to barter with other farmers to eat that night.
Naturally, people began to use 'currency' to...
Blockchain technology is still a relatively new technology. However, it has become a widespread phenomenon through the rise of cryptocurrencies, such as Bitcoin. But even though it is easy to associate blockchain with Bitcoin, this is far from the only area where this technology can be utilized. Nevertheless, to understand how blockchain can be used in different industries, we first need to understand what blockchain programming is and what problems it solves.
To understand the advent of blockchain programming and blockchain solutions, it is necessary to understand where it comes from. In business, the top priority is to make money. However this can, in some cases, be detrimental to the end-consumer. Greed has become a big part of business in recent years. Moreover, the suppliers of services are taking full advantage of this, charging high fees for essential services.
The people who suffer the most from this greed and exorbitant...
The crypto market has become known for its somewhat volatile performance. Although this is one of the contributing factors to why the cryptocurrency market attracts investors looking for a mix of high-risks and high-rewards, it is hard to gauge the overall trajectory of the market. One of the most popular methods for gauging the cryptocurrency market's status is the “crypto fear and greed index”.
Put as simply as possible, the “Crypto Fear and Greed Index” is a tool for measuring the market’s status. This index is by no means exclusive to crypto markets. It was famously used by CNN Money in order to measure two primary emotions on various timescales. During this time, a general “fear and greed index” formula was helpful in determining investors’ appetite for stocks.
The theory is that a fear and greed index can help determine whether a stock market holds a fair valuation during a given...
One of the reasons blockchain technology has become such a well-known technology and keeps growing rapidly is the rise of cryptocurrencies. Bitcoin is often what pops up in people's minds when they hear the word cryptocurrency. This might not be strange since it was Bitcoin that was the spark for the whole cryptocurrency spectacle. But Bitcoin is just one of the currencies out there, and there is a lot more to this phenomenon.
Few people around the world have never heard about cryptocurrencies. But what are cryptocurrencies, and how do they work? In this post, we will go through the basics and give you an idea of what cryptocurrencies are.
The mysterious "Satoshi Nakamoto" is the creator of Bitcoin, but this premier cryptocurrency is actually a byproduct of another invention. The invention that first was intended as a" Peer-to-peer cash system". This was a revolutionary invention that many people had tried to realize, but they had not been...
Some people consider Bitcoin the new gold of the digital era. This is because the two share some similarities, which some argue means that Bitcoin is the perfect supplement for gold. However, Bitcoin is strictly digital, while gold is purely analog, so are they really comparable? And is it accurate to call Bitcoin digital gold?
In this article, we compare the properties of gold and Bitcoin to determine if there are any similarities and if so, what they are. But to start off, we will first explain the properties of gold and the importance that this metal has on the global economy.
Historically, gold has been the measurement of wealth and value. Gold also plays a significant role in the economy and security of several currencies.
The gold standard is one example of this where a currency is tied to the value of gold. The gold standard was created during World War ll, where the value of the US dollar was tied to gold. This standard was later...
Those keeping an eye on the cryptocurrency space will likely be familiar with the term “stock-to-flow model”. However, what exactly is this stock-to-flow model - and why is it important for the cryptocurrency industry as a whole? This article breaks down the stock to flow Bitcoin implications and why traders are getting so excited for stock-to-flow in the future.
First and foremost, we need to look at what the Bitcoin stock-to-flow model actually is. A stock-to-flow model, or S2F model, is a technical tool that traders traditionally use. As such, stock to flow Bitcoin use-cases are, in fact, relatively new. Other scarce assets such as gold routinely use a stock-to-flow model in order to calculate price changes.
Earlier this year, stock to flow Bitcoin models became popular, due to the then-approaching 2020 Bitcoin halving event. However, understanding the stock-to-flow model is essential even when there isn’t a Bitcoin halving event...