Investing in ICOs are profitable but also highly risky. When people buy/invest in ICOs of a company, if the company is successful the value of the company’s coins go up in value. However, if the company does not perform well, the coins depreciate in value. The ICO market is at its development stage and is… Continue reading Investing in ICOs: Pros and Cons
Category: Latest Blog
What is an ICO?
An initial coin offering (ICO) is a way of crowdfunding for start-up companies and allows them to avoid many costs such as regulatory compliance costs required by banks for instance. In an ICO venture, a percentage of cryptocurrency is sold to initial backers for fiat money or other cryptocurrencies. Currently, the leading blockchain platform for… Continue reading What is an ICO?
What is Mining?
Bitcoin mining is all about confirming transactions and has nothing to do with physical mining. It is similar in that bitcoin miners mine bitcoin out. Mining is the process of miners adding and collecting transaction records on the blockchain network which is the public ledger. This is done using special software and the solving of… Continue reading What is Mining?
What it Bitcoin?
Bitcoin is the first ever decentralized cryptocurrency, digital asset created in the world. Bitcoin was created in 2009 by someone under the name of Satoshi Nakamoto. Bitcoins and other cryptocurrencies are generated through a process called mining. Bitcoin is electronically held by users in an online or offline wallet. Unlike traditional bank notes and coins,… Continue reading What it Bitcoin?
Facebook speaks with CFTC about their cryptocurrency coin called StableCoin
Facebook has begun a discussion with the UNITED STATES Commodity and Futures Trading Commission (CFTC) over their crypto stablecoin effort. The cryptocurrency which is under Facebook’s Project Libra, is apparently intended to permit Facebook’s international customers to move money throughout the worlds boundaries as well as to make online acquisitions. According to a record from… Continue reading Facebook speaks with CFTC about their cryptocurrency coin called StableCoin
What is block chain technology? How does it work?
The blockchain is the public ledger that monitors and records every bitcoin transaction. These transactions are all bundled into a batch called a block which links to the previous block using a hashing algorithm. Blockchain technology is intrinsically linked to Bitcoin cryptocurrency and is the software that allows the digital currency to function. Blockchain technology… Continue reading What is block chain technology? How does it work?
Bitcoin transactions
How bitcoin transactions work: You need a bitcoin address and private key to transfer bitcoin. A bitcoin address consists of 34 numbers and letters and is also known as a public key. The private key consists of 64 numbers and letters. Unlike the public key which can be seen by anyone, the private key must… Continue reading Bitcoin transactions
Investing in ICOs: Pros and Cons
Investing in ICOs are profitable but also highly risky. When people buy/invest in ICOs of a company, if the company is successful the value of the company’s coins go up in value. However, if the company does not perform well, the coins depreciate in value. The ICO market is at its development stage and is… Continue reading Investing in ICOs: Pros and Cons
What is a Wallet?
A cryptocurrency wallet is a digital wallet where cryptocurrency can be stored, received and sent from. It is also used to monitor the balance of cryptocurrency held. Once you get a wallet, you will have a wallet address which can be used by others to send you cryptocurrency. How can a wallet be created and… Continue reading What is a Wallet?
Lucid Sight (game creator) brings Star Trek to blockchain
Blockchain games programmer Lucid Sight is joining media firm CBS Interactive to bring Star Trek game play and antiques to the blockchain. Lucid Sight revealed that it has signed a contract with CBS to introduce the legendary starships from the popular TV and movie franchise business right into an electronic universe with its space-based video… Continue reading Lucid Sight (game creator) brings Star Trek to blockchain