https://www.youtube.com/watch?v=fF80e-kZYfY Litecoin was created in 2011 by former Google engineer and MIT graduate Charlie Lee. As an alternative coin, or altcoin, it arrived two years after Bitcoin. Litecoin also uses the decentralized ledger that powers bitcoin, blockchain, but it varies significantly in availability, network rules and the speed of transactions. What is litecoin’s value and what [...]
Cryptocurrencies can be lucrative investment options, no doubt about that. They have outperformed other investment options in the past birthing successful investors in the process. But having one or two cryptocurrencies in your portfolio is not enough. Sure one coin can make you a millionaire but it is like putting all your eggs in one basket. The [...]
Stellar cryptocurrency’s tokens are called lumens. Introduced in 2014, Stellar wanted to reach the world’s population that didn’t have access to banks. As it evolved, Stellar adjusted lumens to a different niche, and with a different purpose. They now aim to allow financial companies to store money and move it quickly and inexpensively. Stellar’s objective remains [...]
Tether’s trading symbol is USDT. Hong Kong-located Tether was launched in 2014. The aim was to peg it to the U.S. dollar. It means its value would be backed by a dollar reserve equal to the amount of USDT. Tether was originally called Realcoin when launched by a trio of serial entrepreneurs. The token’s development has [...]
Many Like Proof of Stake Better Because it Solves Lots of Issues 1) Centralization If you watched our overview video on Proof of Work VS Proof of Stake, you will remember we mentioned that Proof of Work blockchains give people who purchase powerful hardware devices a greater chance of winning the mining reward. What this has [...]
Ethereum is a multi-use software network that features its own tokens, called ether... like the gas. Ethereum enables developers to create and bring to market smart contract applications. Smart contracts can potentially revolutionize how transactions are done in various industries. Think DocuSign for HR paperwork but each transaction is in blockchain. You also pay to use [...]
https://youtu.be/Qlo5wYzf7g0 4-min read Digital currencies can now be used for more than merely paying for goods and services. Here are five use cases for crypto assets that demonstrate the extent of the fintech revolution taking place. Note that we have a video dedicated to each of these use cases. This post is an overview. If you want to [...]
3-min read There’s bitcoin and then there’s everyone else. That’s the basic premise and definition of “altcoins.” It’s all other cryptocurrency that is not bitcoin. You may be asking why such drastic demarcation exists, and the answer is simple. Bitcoin is the oldest crypto and its blockchain is set up so that only a fixed amount of [...]
2-min read Right now, the Federal Reserve, also known as the Fed, is the only entity that is allowed to print money. That’s a centralized system. They can print trillions of dollars, essentially, out of thin air. And they are doing that right now. With cryptocurrency, there is no single entity that holds the power to print [...]
2-min read For us to understand why cryptocurrency exists, we first need to understand how money works. Each country has their own currency, issued by the government or its central bank. Mexico has the peso, US has the Dollar, Thailand has Baht, and so on. In general, this currency is called fiat. Up until the early [...]
