Cryptocurrency Blog

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ethereum is the second most popular after bitcoin and getting edge day by day due to its simplicity in the mechanism. 19 years old programmer created a platform to store and perform computerized programs crosswise an international network of scattered nodes. History A Canadian programmer named Vitalik Buterin was involved in blockchain technology in 2011, and he founded bitcoin magazine with his partner. He started to think beyond the existing bitcoin technology for more simplification to use in the financial world. Finally, he released the white paper in 2013, stating that the general scripting language of Ethereum. Since then, it attracted investors and entrepreneurs to think about business activities. There was a massi...

Bitcoin is electronic cash, transferable, decentralized, and the transaction can be done person to person without any intermediary or central banks. Bitcoin is one among the popular cryptos in digital currencies, and it has high monetary value also. Transaction of bitcoin is irreversible, which makes it unique and salable in the financial market. History: Bitcoin is a virtual digital currency, and people assume that Satoshi Nakamoto invented bitcoins. However, there is no evidence for this, but he was a Japanese person who integrated numerous existing ideas from the Cypherpunk community to create the innovative bitcoin in 2008, and this bitcoin network came into existence in 2009. Nakamoto was the key person for producing the majority of the official bitcoin in the network. He used to publish all the information and modification regarding bitcoin on his technical forum of the bitcoin community.  Bitcoin whitepaper, released on 31 October 2008, and subsequently, the world g...

What is a Cryptocurrency Exchange? A cryptocurrency is a digital asset considered to execute as a medium of exchange that utilizes cryptography to protect transactions, control the generation of the further unit, and authenticate the transmission of digital assets, based on blockchain technology. There are Bitcoin, Ethereum, Ripple and other crypto coins as well. A cryptocurrency exchange is a brand that is similar to digital currency exchange (DCE).  Cryptocurrency Exchanges  are online platforms that match buyers with sellers. Such exchanges would be referred with care as they need custody of your digital assets for allowing you to do trades. Meanwhile, this has broad inferences concerning the trading of altcoins and the trading of altcoins on a cryptocurrency exchange entails your characteristic lack of custody over your current digital assets. Cryptocurrency Exchange is legit or regulated exchange in a specific geographic location. However, the trade m...

A bitcoin wallet is like an online bank account where you can send, receive, or manage your bitcoin. A wallet is a programmed software where you can store your digital currencies like Bitcoin. To understand technically, the private key of Bitcoin’s address is stored in the wallet.  Bitcoin  wallet enables you to send and receive Bitcoin, and the remaining balance automatically regained to the wallet. The source through which you can program the Bitcoin wallet is desktop, mobile, web, and hardware. There are six main types of wallets. Online Wallet These wallets are cloud-based and are available on the internet. You can save your keys with encryption against any phishing or hacking. However, no one can give any assurance because hackers might attempt for stealing at any time. These wallets are readily available in the market. Software Wallet A software wallet is a programmed wallet where your keys are secured in a digital format and incorporated with a high level o...