How "Crypto" Currencies Work – A Brief Overview Of Bitcoin, Ethereum & Ripple

February 5, 2021 by edd In specialty-coffee-green-coffee-beansTags: bitcoin

“Crypto” – or “crypto currencies” – are a type of software system which provides transactional functionality to users through the Internet. The most important feature of the system is their decentralized nature – typically provided by the blockchain database system. Blockchain and “crypto currencies” have become major elements to the global zeitgeist recently; typically as a result of the “price” of Bitcoin skyrocketing. This has lead millions of people to participate in the market, with many of the “Bitcoin exchanges” Read More

Fear Not, China Is Not Banning Cryptocurrency

February 4, 2021 by edd In specialty-coffee-green-coffee-beansTags: bitcoin

In 2008 following the financial crisis, a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, detailing the concepts of a payment system. Bitcoin was born. Bitcoin gained the attention of the world for its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the internet, blockchain offered solutions to issues we have failed to address, or ignored over the past few decades. I will not delve into the Read More