Maand: oktober 2020

US Election: Cardano’s Charles Hoskinson Offers Help to Donald Trump

The next US presidential election is fast approaching, and closer than ever with myriads of speculation erupting on the liable candidate to emerge as the winner. However, while the election remains a matter of concern for the sitting president Donald Trump, the CEO of Input and Output HK, Charles Hoskinson, has offered to help him […]

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Difference between crypto coin vs crypto block?

I have several doubts about cryptocurrency when I started(bitcoin) reading about it. I google it around and it only added to more confusion.

  1. I am not able to understand the difference between a bitcoin transaction block and a bitcoin as a coin. Aren’t bitcoin currency also a bitcoin transaction block in case of a newly minted bitcoin?

  2. Bitcoins are mined after solving cryptographic puzzles, but in the initial days did the author(s) had to create lot of unnecessary transaction to solve the puzzles to create new coins until the general public picked it up? (Or how did they create currencies without any transactions in initial days)

I hope the questions are clear. Do let me know if it needs more editing/clarifications.

Where did Bitcoin come from? An introduction to the Bitcoin Whitepaper

Today marks twelve years since the concept of Bitcoin was officially released into the world. It came as a successor to a long history of attempts to create trustless digital currency. Many people misunderstand Bitcoin as a radical, unconventional experiment, but in reality it is the first proven electronic currency, a practical solution resulting from … Read more

In it for the Tech: Trezor Tech Month discounts

Adoption is critical or any new technology. Bitcoin has proven itself in catastrophes of a scale and at a rate rarely faced by traditional institutions. This success has been a double-edged sword; while it has shown that Bitcoin is resilient enough to overcome difficult situations, it has sent ripples of doubt among the public. It … Read more

Bitcoin Whitepaper Turns 12 Today

Hurray! The Bitcoin whitepaper is 12-years-old today. 12 years ago today, the anonymous Satoshi Nakamoto published the link to a whitepaper with a cypherpunk cryptography mailing list. The whitepaper was titled, Bitcoin: A Peer-to-Peer Electronic Cash System. The historic innovation has also plunged the world into a completely new phase. The “King Crypto” as it […]

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Exploring the Borrow Feature of MakerDAO

MakerDAO is a decentralized organization based upon Ethereum that allows the users to lend and borrow cryptocurrencies without any involvement of a third party. The MakerDAO platform supports two native currencies: DAI – Stablecoin, soft-pegged to the U.S. dollar. MKR – Governance token. The MakerDAO community manages the Maker protocol. The protocol consists of a […]

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Ripple Makes Huge Contributions to MoneyGram’s $323 Million Profit

MoneyGram is making a whole lot of income from the partnership it signed with Ripple, a report by the remittance firm has shown. In a Q3 report by MoneyGram, a huge profit of $323 million was made, and Ripple’s cross-border payment solution contributed $8.9 million to the success. The inference is that the partnership between […]

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Decentralized Finance (DeFi) vs Centralized Finance (CeFi)

The banking system has been prevalent for centuries with established models. Said models have not changed for a long time. People have become comfortable with the system. They have become a part of the system. The standard SOPs have been engraved in the minds of a regular customer.  Now, all of a sudden, we have […]

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Bahamas Unveils World’s First CBDC

With the inauguration of the Sand Dollar, the Bahamas has attained the position of being the first nation in the world to officially launch a central bank digital currency (CBDC). The Central Bank of the Bahamas, who disclosed this milestone, noted that the digital currency is currently obtainable to all 393,000 dwellers of the tropical […]

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Socios.com Joins The Sandbox Metaverse to Build Sports Fan Zone

Socios.com, a blockchain firm aimed at tokenizing the sports industry, announced plans to bring a sports and entertainment center to The Sandbox metaverse. The announcement was made by Chiliz, the first-ever tokenized sports exchange that is also responsible for powering the Socios.com blockchain-based fan rewards and engagement app. The Sandbox metaverse is a blockchain-based gaming […]

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