What is Cryptocurrency? Cryptocurrency (Bitcoin, Ethereum, Litecoin etc) is basically digital or virtual money and/or assets that are stored online and can be used for multiple different different reasons, such as making payments to friends or companies, store of value (like gold, silver), digital artwork or a range of different uses that are growing rapidly. […]
What is a Blockchain? Here's our Blockchain 101, to get you understanding the basics of blockchain technology. The definition of a Blockchain is a constantly growing digital ledger that keeps a permanent and secure record of all transactions. That’s a very simplified definition so let’s unpack this definition and explain each element in more detail. […]
What is Bitcoin and what is it for? I’m sure by now you have heard about Bitcoin, but what is Bitcoin exactly? Bitcoin is a decentralised digital currency or asset that can be bought, sold, or transferred online between parties, safely and securely. Bitcoin can also be used to store value, similar to buying gold, […]
How to Protect your Cryptocurrency and ensure great security for your accounts Cryptocurrency accounts are among the most sought after targets for hackers. The popularity and surge in price of the global crypto market make them extremely enticing to hackers as there is a lot of money available to be stolen from people without the […]
So what is an altcoin exactly? Simply put, altcoins are any other cryptocurrencies other than Bitcoin. They often share similar characteristics to Bitcoin but can also be extremely different and used for very unique tasks. For example, some altcoins aren’t mined in the traditional sense and the platform that makes use of them will instead […]
So what is Ethereum exactly? I’m sure by now you have heard about Ethereum, but what is Ethereum exactly? Ethereum is a blockchain-based, open-source, software platform developed to improve upon Bitcoin’s capabilities. It was created to support scripting and for the creation of decentralized applications and other cryptocurrencies and Smart Contracts, allowing them to run […]
So what is a cryptocurrency wallet? A cryptocurrency wallet is software that allows crypto owners to store, protect and retrieve their keys for their digital assets. Similarly to other currencies, you don’t necessarily need a wallet to exchange assets, you also don’t need a crypto wallet to make payments, but it allows you to keep […]
So what is Crypto Mining? Crypto mining is the process by which new crypto assets, such as bitcoin for example, are entered into circulation, while also acting as the critical component to maintain and develop the blockchain ledger. To simplify it further, by mining a crypto asset, you are essentially earning the crypto while facilitating […]
What is the Bitcoin halving? After every 210,000 blocks of Bitcoin that gets mined (roughly every four years), the block reward given to Bitcoin miners for processing the transactions on the blockchain is cut in half. This cuts the rate at which new Bitcoin is released into circulation by half. This is to create a […]
What is cryptography? Simply put, cryptography is a method used to send secure messages or data between two or more participants. The sender encrypts or hides this data using a type of key and algorithm, sends this encrypted data to the receiver, and the receiver decrypts it to generate the original message or original data […]