Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
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...
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...