WHAT IS CRYPTOCURRENCY? The idea behind a cryptocurrency is to create a digital currency that is secure by cryptography, making it almost impossible to replicate or counterfeit. Blockchain technology is used to power many different cryptocurrencies. It’s a distributed ledger enforced by a network of computers. Cryptocurrencies are characterized by the fact that they…
Cryptocurrency has been in existence for a while now but gained popularity in recent years owing to its growth to the popularly renowned coin called Bitcoin. Let’s take a brief look at the history of cryptocurrency. Cryptocurrency is the amalgamation of two words which are cryptography (from the Greek word Kryptos) and currency. Cryptography…
What is Cryptocurrency? A cryptocurrency is a virtual medium of exchange backed by cryptography. Most cryptocurrencies have decentralized digital networks built on blockchain technology. Blockchain technology consists of a ledger made up of databases of computers in a network. In simpler terms, cryptocurrency is a digital currency backed by cryptography and is not regulated by…
Bitcoin is the world’s first and most valuable digital currency; it was created in 2008 and came into use in 2009. It is open-source software that is not under the control of any central bank or government. The technology behind bitcoin and other cryptocurrencies is called Blockchain technology. Blockchain involves a public ledger that records…
Like every other investment opportunity, cryptocurrency trading comes with its upsides and downsides. You can make huge profits on trades; in the same manner, you can make huge losses. In 2020, the price of 1 bitcoin went from $10,000 to over $40,000 sparking massive investors’ interests in the coin. Last year, some activities drove growth…
Chainlink is now live on @Arbitrum One, providing hundreds of smart contract applications direct access to #Chainlink’s decentralized services, starting with high speed, low-cost Price Feeds, and expanding to more off-chain computations. — Chainlink – Official Channel (@chainlink) August 12, 2021 Arbitrum supports USD-denominated Chainlink Price Feeds and will soon scale support for additional data…
A price decline in Bitcoin among other cryptocurrencies, including Ethereum (ether), and dogecoin, resulted in those currencies falling from above $52,000 to below $44,000. Cardano (ADA), Solana, as well as other altcoins that recently hit record highs were also impacted by bitcoin’s crash on Wednesday, and the global crypto market fell nearly 15 percent to…
Effect of Bitcoin’s rally on the crypto market The rise of Bitcoin toward new highs is causing legacy altcoins, such as LTC, BCH, and XLM to break out. Founded in 2009, Bitcoin (BTC) is the undisputed market leader of the cryptocurrency market, and to date, it remains the industry’s dominant force. A perfect example of…