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Bitcoin Mining is the process of creating the currency. Bitcoin miners use specialized software and hardware to verify Bitcoin transactions and to solve complex math problems and are compensated by a certain number of bitcoins in exchange. This is how bitcoin currency is issued and anyone can mine bitcoins. We can use mining to create … Read more
While talking about Scams in Crypto we take a look into the various scams that have been in effect starting from the earliest Ponzi schemes to the latest cryptocurrency scams. We take into account the Scams in Crypto due to the nature of the cryptocurrency industry, many scams operate. Hype, technical complexity, regulatory uncertainty, and … Read more
In this section for Investing in Cryptocurrency, we take into account some considerations to help you decide whether investing in crypto assets is right for you. There are many risks, but the markets are exciting and people have made and lost fortunes in these markets. Investing in Cryptocurrency - Pricing The very first determining factor … Read more
In the Ethereum Ecosystem, the Ethereum Foundation is a non-profit organization registered as ‘Stiftung Ethereum’ in Switzerland whose mission is to: Promote and support the Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next-generation decentralized applications (dapps), and together build … Read more
In today’s session on Ethereum and Bitcoin, we take a comparative look at the functioning and a comparative study of both cryptocurrencies while taking into consideration their similarities and differences. Ethereum and Bitcoin - Similarities Ethereum Has an Inbuilt Cryptocurrency. Ethereum’s token is called Ether, shortened to ETH. This is a cryptocurrency that can be traded … Read more
Before starting of with Crypto Exchanges, just to recap, in the last session, we discussed the different ways of Bitcoin transactions in detail. Today, we take a close look at the role of the exchanges through which Crypto transactions are performed. How Do Crypto Exchanges Make Money? Crypto Exchanges make money by charging fees, just … Read more
Before starting today with Working of Bitcoin Exchange, with respect to deposits and trade transactions, the last session was dedicated to a detailed overview of Bitcoin transactions. Today, under the Working of Bitcoin Exchange, we take a look at deposits and trades using Bitcoin. Working of Bitcoin Exchange - Deposit Before you can attempt to … Read more
For Buying and Selling Bitcoins, you can buy bitcoins from anyone who has them. Likewise, you can sell bitcoins to anyone who wants them. Fortunately, there are various places where you are likely to find a group of people willing to trade at competitive prices—exchanges. Buying and Selling Bitcoins - Exchanges Just like stock exchanges, … Read more
Before starting off with Hardware Wallets, we just remind ourselves of the fact that we worked on the details of software wallets in the last session. Wallets Sometimes Bitcoin wallets can have a hardware component. Private keys are stored in chips on small handheld devices. Two popular hardware wallets are called ‘Trezor’ and ‘Ledger Nano,’ … Read more
Before starting with Payments in Cryptocurrency, we take a look at the topics discussed in the last session where we had cleared the air on software wallets. Today, under Payments in Cryptocurrency, we take a look into the payment processes and other wallet transactions. Topics to be discussed today in Payments in Cryptocurrency include: Bitcoin … Read more
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