11.04.2022 | mnalilovich
In the history of cryptocurrency, since Satoshi Nakamoto presented his white paper, it was [bitcoin] (/blog/en/cryptocurrency/bitcoin/) that became the most cloned distributed registry that survived many forks. One of the most successful, without a doubt, was Bitcoin Cash, which is consistently among the ten largest in terms of capitalization of unsecured digital assets. However, another implementation of the bitcoin blockchain principle, which took its place of honor in the hundred capitalization and gained popularity of the community, became Bitcoin Gold.
05.04.2022 | mnalilovich
To begin with, let’s look at what preceded the appearance of Bitcoin Cash and what problems it was designed to solve.
Although bitcoin has been around for more than a decade, however, the problem of network scalability remains unresolved, and if a partial solution has already been developed and implemented, then in 2017, when the first wave of the cryptocurrency boom started, there was a problem of transactions. In some cases, users had to wait for confirmations for several days or set disproportionate commissions, which killed the meaning of using bitcoin.
23.03.2022 | asorokin
The Litecoin cryptocurrency (LTC ticker) is one of the most famous forks (branches) of the Bitcoin, which is also called “** digital silver**”.
On October 13, 2011, the Litecoin network was successfully launched online for the first time. The developer of the LTC is a very famous person in the crypto world — Charlie Lee. Charlie Lee, being fond of modern digital technologies, dreamed of creating his own lightweight version of the Bitcoin cryptocurrency, which would work much faster and require a lower commission fee.
18.03.2022 | mnalilovich
One of the main disadvantages of bitcoin and other similar cryptocurrencies is the low level of anonymity. Monero was one of the first to solve this problem and make anonymity basic by embedding it in the protocol. This was achieved thanks to the use of ring signatures.
What is a ring signature? In the mathematical meaning of cryptography, a ring signature is a separate type of signature created by any network participant, where everyone has their own key.
11.03.2022 | auglovoi
Although there are no precise signals mathematically calculated in financial markets that can indicate the optimal time to buy or sell an asset, however, in some cases, especially in combination with basic principles of technical analysis, it is quite often possible to predict the moments of market reversal. At the same time, it should be understood that the cryptocurrency market has its own specifics, where any news, even seemingly insignificant at first glance, can have a big impact.
04.03.2022 | auglovoi
It will soon be twelve years since Satoshi Nakamoto decided to leave the bitcoin project and transfer the development to the community. Even during those couple of years, while the creator of the first cryptocurrency was actively involved in the development, users managed to build a lot of hypotheses about who he was, where he came from, and why he decided to create bitcoin.
Some said that Satoshi was one of the members of the Japanese Yakuza mafia, others that he was engaged in money laundering.
28.02.2022 | auglovoi
Tether, having released the first secured cryptocurrency, was able to conquer more than 70% of the digital asset trading market on the online exchange. Such results were achieved in just the previous three years, while all this time none of the investors knew the real structure of the collateral, and all investments in it were based on trust and agreements of market participants.
How USDT Became the dollar standard of Cryptocurrencies At the beginning of the first cryptocurrency boom of 2017, most transactions on the cryptocurrency market were paired with bitcoin.
22.02.2022 | asorokin
The cryptocurrency Ethereum, which has the ticker ETH, is a digital asset that has been ranked second in the world of cryptocurrencies in popularity for a long time. For the first time information about this currency appeared in 2013, then it was called “Bitcoin 2.0”. The network itself Ethereum was launched only in 2015 after the successful ICO.
The developers of this Blockchain project are **Gavin Wood and Vitalik Buterin **, it was they who first came up with the idea to create not a copy of the Bitcoin cryptocurrency, but a unique platform for creating decentralized p2p applications that use the technology of “smart contracts”, which is a computer algorithm that performs a certain action only after fulfilling the pre-established conditions of the transaction.
17.02.2022 | asorokin
The first announcement of the sale of real estate for bitcoins was published in the distant, by cryptocurrency standards, 2013. Although a small house that looked more like a barn and a plot of land in Canada did not have an increased demand, it found its buyer who wanted to exchange digital gold for real estate. The next announcement on the Internet appeared only in 2014. This time, the owner of an elite villa in Israel with seven rooms and five baths asked for 5,000 bitcoins, which was about $3 million at that time.
10.02.2022 | mnalilovich
The term Bitcoin comes from two words — bit (minimal computer unit of information) and coin. The bitcoin network itself is a peer-to-peer payment system, the calculation of which takes place using the same monetary unit. The operation and protection is provided by advanced methods of cryptography, however, all information about transfers and wallet balances is publicly available. The minimum unit of account in the network is Satoshi, which received its name in honor of its creator and is 10-8 bitcoins.