Although the terms Blockchain and Bitcoin are used interchangeably, their features and characteristics are quite different. While Bitcoin has given a new meaning to money, the foundation of Blockchain’s technology may very well be responsible for the most important invention of our time. Blockchain is often thought of as a distributed ledger to help record[…]
As the Bitcoin block reward-drop ETA date of July 10, 2016 fast approaches, many are excited at the prospects that lie ahead, specifically the projected increase in value. This is a significant milestone for crypto enthusiasts. Some miners are concerned that this may devalue the currency as a whole, nevertheless investors, daily traders, and users[…]
Craig Wright, an Australian Entrepreneur, met with three big media organizations – the BBC, the Economist and GQ on May 2, 2016 to announce that he is Satoshi Nakamoto – the inventor of Bitcoin and to prove with Cryptographic Keys. BBC announced that Craig digitally signed messages using cryptographic keys created during the early days[…]
Silk Road can be shut down, OpenBazaar is decentralized like Bitcoin so Governments cannot ban. OpenBazaar is not responsible for what is sold on it, just like how Verizon or AT&T are not responsible if their phone service is used for illegal activity. OpenBazaar doesn’t support anonymity, or fault tolerance from censors. That being said, someone can encrypt[…]
After the introduction to Ethereum in the previous post, in this article we have explained the best ways to buy Ether, the cryto-fuel for the Ethereum Network. The first batch of Ethers were distributed behind closed doors to private investors in 2014-2015. A year has passed since then, and multiple exchanges are now listing Ether and[…]
A long time has passed since cryptocurrencies and the Blockchain technology first arrived on the scene. There are now countless alternate coins (altcoins) competing for users and a leading position on the market. Some of these coins are basically dead on arrival, while others, such as Litecoin, Dash, Ripple, MaidSafeCoin, and Monero, sustain and become[…]
Our customers continue to ask us, what is Ethereum? Can you please explain it to me like I am 5? Below is a great snapshot that has proven helpful for us.
Today marks an incredible day for crypto currencies and a strong step in the right direction of consumer wide acceptance of Bitcoin as a legitimate global currency. OpenBazaar officially announced that on March 1, 2016, its much anticipated peer-to-peer social market will be released to the world! You can think of OpenBazaar as a combination of eBay,[…]
There are many different ways to purchase bitcoins. Each of them comes with certain advantages and disadvantages, and the availability of a solution to facilitate the purchase will ultimately heavily depend on your geographical location. While Part 1 of our guide (than you all for the great feedback, we DO appreciate it!) provided some background[…]
Small and medium-sized businesses often find themselves at a disadvantage, because they have to rely on the same antiquated cross-border payment methods as large companies. Larger companies can use their financial leverage to negotiate favourable fees and lower foreign exchange (FX) rates, while smaller players do not have such privilege, despite the fact that they[…]