Peter Thiel has once again endorsed bitcoin, which he recently argued is tantamount to digital gold. And much like gold, the billionaire co-founder of PayPal conjectures that the cryptocurrency is destined to be a store of value rather than a means of payment. “It’s like bars of gold in a vault that never move,” he […]
Coinbase is the most popular place to buy Bitcoin, Ethereum and Litecoin for newcomers to the cryptosphere, because of its ease of use. The issue is with this convenience, they charge a fee. Coinbase also offers another service called GDAX, which is an online cryptocurrency exchange that allows you to buy cryptocurrencies without fees. The […]
The Senate Banking Committee heard testimony from the chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, and the chairman of the Securities and Exchange Commission (SEC), Jay Clayton, on the potential dangers of digital currencies as investments. Their testimony, amid a crackdown on Bitcoin exchanges in China and South Korea, wasn’t as negative […]
This video was recorded on Sep 7, 2016. Even though, this is an old recording the information is insightful. * Content Advisory: Brief coarse language Andreas Antonopoulos is a bitcoin entrepreneur, he also serves on the advisory boards of several bitcoin startups and serves as the Chief Security Officer of Blockchain. The Internet of Money:
Cryptocurrency is a new concept that isn’t understood by most, but that does not take away from its inevitable contribution to humanity. Below is a clip from 1994 on the Today Show where “The Internet” was a confusing concept that also wasn’t understood. One of the beautiful things about this is if you’ve experienced things […]
Your Address is an alphanumeric series or characters and/or a QR Code. Your Address is what you share with people so they can send you Bitcoins, Ether or Tokens. Your Address can also be known as you Account # or your Public Key.
The blockchain is like a ledger of transactions. The block is a global decentralized spreadsheet that is stored and maintained by thousands of people (miners) across the globe who have special computers. The blockchain keeps track of who sent how many coins to whom, and what the balance of every account is. The blocks in […]
Your Private Key is a password that you choose. Your private key is sometimes called: mnemonic phrase keystore file UTC file JSON file wallet file