Author: Granit.M

Bitcoin is the most valuable cryptocurrency on the planet in terms of market value, price, and volume. Bitcoin is by far the most well-known cryptocurrency, having been created in 2009. Unlike conventional currency, Bitcoin is created, distributed, traded, and stored using blockchain technology, which is a decentralized ledger system. Bitcoin has been labeled the “inspiration” or “waking” of a plethora of other cryptocurrencies because it was the first digital currency to garner widespread appeal and popularity. The Basics Cryptocurrencies have been criticized for several reasons, including documented instances of their use for illegal operations, exchange rate volatility, which is a…

We know that the cryptocurrency market is a jungle for new investors because of its high volatility. However, investors are not the only ones who have it rough when they join the market. There are cases where cryptocurrencies compete aggressively with one another – trying to surpass their competition by any means. We can take the competitiveness of Ripple and Stellar as an example, with both cryptocurrencies trying to expand their network and their partnerships with financial institutions more than the other. On the contrary, there are many cryptocurrencies that cooperate with one another, creating a friendly environment and helping…

There is no doubt that the cryptocurrency market is hot right now, with its value reaching trillions of dollars in 2021. Seeing the market’s value skyrocket, it got the attention of nearly everyone on the internet, and all of them wanted a piece of the pie. That being said, millions of people joined the market only this year, continuously investing and trading cryptocurrencies with one another, trying to maximize their profit. Even though blockchain technology is said to have the ability to process thousands of transactions per second, it is still a developing project. This surplus of transactions hit many…

The world of cryptocurrencies is expanding each day. As their popularity increases, so does the demand for cryptocurrencies. They have revolutionized the way we do transactions and lots of other services due to decentralization. Nonetheless, no matter how decentralized cryptocurrencies are, making payments with them for daily services entails extra fees and additional steps in the same way that centralized options are.  As developers began searching for ways to resolve this issue in the Ethereum network, the Binance Smart Chain was expanding and becoming one of the former’s biggest competitors. In fact, the BSC offered something better than Ethereum, which…

According to the study conducted by the institutional crypto company Galaxy Digital, the average block time on June 27 hit 23 minutes, considerably over the 10-minute goal duration. In late 2017, the previous high was slightly under 18 minutes.  IT’S OFFICIAL: yesterday (june 27 2021), saw the slowest #bitcoin blocks in TEN YEARS (since 2010). blocks times avg. 23min, instead of the target 10min. the latest “china ban” is the most disruptive action the bitcoin network has ever faced, but it will survive, adapt, thrive 👇 pic.twitter.com/vEMR1zlDHx — Alex Thorn 🎲 (@intangiblecoins) June 28, 2021 The network changes the difficulty…

In 2021 we have witnessed the skyrocketing of cryptocurrency market capitalization as a whole, reaching heights above $2 trillion. These price movements got the attention of the mainstream media, leaving us with hundreds of thousands of stories and articles about this market – with Bitcoin being mentioned the most. However, many argue that Bitcoin is not the best that the market has to offer, claiming that there are many altcoins that are more efficient and have a lot more to give to their users. Because the limits of blockchain technology have yet to be found, there are infinite possibilities of…

The digital world is a continuously growing industry, and it seems that it has no intention to stop. Blockchain technology, and innovation in digital currency, are also growing rapidly; proving themselves as limitless more and more each day. This technology’s initial goal was to decentralize transactions and keep a record of them through timestamps, making the data stored in a blockchain network virtually impossible to manipulate.  However, as time goes by, people keep experimenting with this technology; and these experiments keep leading us to new findings of what blockchain technology has to offer. One of these innovations, if we may…

Cryptocurrencies are types of digital assets that are secured entirely by cryptography and are based on blockchain technology. Cryptocurrencies are difficult to counterfeit and double-spend due to the consensus of this technology being de-centralized, not monitored by any banks or governmental institutions. Cryptocurrencies are relatively newly introduced, more precisely in 2009 with the famous Bitcoin cryptocurrency. More and more coins and tokens and the entire cryptocurrency technology is evolving at a rapid pace by implementation and design of different ideas.  When Bitcoin was firstly introduced, the only way to get it was through mining. Mining is a long process that…

Over the past decade, many corporations and governments began implementing distributed ledger technologies – such as blockchain technology – to take advantage of their efficiency. Yet, numerous governments and corporations do not support blockchain technology, with some even banning the use of cryptocurrencies inside their territory. As an ever-growing market, the cryptocurrency market is being enriched with different types of cryptocurrencies daily – most of which are unique. But, there is a problem: The proof-of-Work mechanism spends too much energy. Energy Consumption – An issue for Proof-of-Work (PoW) There is one major issue that comes with this technology, though. Most…

Cryptocurrencies are digital, virtual currencies that run on blockchain technology. Purchases can be made with cryptocurrencies, just as they can with fiat currency. On the other hand, cryptocurrency transactions are carried out in a decentralized system, which means that the transactions are not overseen by a central authority. Some of the most popular cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), etc. Cryptocurrencies have begun to be used for a wide range of purposes, with the majority of them proving to be helpful and profitable. Many international companies, including Starbucks, and Microsoft, now accept cryptocurrencies as payment, and…