What is cryptocurrency? In one simple sentence, cryptocurrency is a form of currency that is typically built on a globally distributed ledger called a blockchain. Everybody has heard of Bitcoin. If they hadn’t a few months ago, for surely they have now- primarily due to the success of Bitcoin’s value. However there are several cryptocurrencies […]
Blockchain technology uses peer-to-peer technology to send payments or data from one entity to another without the involvement of a financial institution or other central intermediary. It does it so that the data is completely secured, cannot be altered through fraud, and it does this efficiently -without excessive cost and time. What if there […]
So can you make money from Bitcoin and other Cryptocurrencies? In short.of course. Why not? Bitcoin and crypto can be regarded as a: Medium of value: You can hold it indefinitely as the value may appreciate over time Medium of exchange: You can buy goods or services Medium of speculation: You can trade it with […]
Financial use cases of blockchain technology have been in the spotlight for quite a while now and if you thought that is where the rabbit hole ends, you couldn’t have been further away from the truth. Blockchain is indeed showing signs of being more than just Bitcoin and crypto. Many non-financial players are starting to […]
Most of us already know that storing cryptocurrency is inconvenient and almost too difficult. It’s not surprising, given how new the technology is. We’re still a little while away before we hit high adoption rates for cryptocurrency because of this. But with tech startups paving the way for innovative solutions around storing cryptocurrencies,we’ll hopefully experience […]
Logic, not emotions. It’s easier said than done, but this is the key to surviving a bear market. The recent bear market in crypto may seem like an eternity. So how do you make money in a bear market in crypto? It’s easy to make money and earn profits from crypto when the […]
If you’ve recently invested in any cryptocurrency, then you’ve already experienced the typical psychology of a market cycle! But who better to explain it than Jim Carrey! If you invested in crypto, especially if you invested out of FOMO (fear of missing out) and at a high-price, then yes, it can be painful to watch […]
We all agree the energy sector has been a highly centralized and monopolised industry for a long time. Affordability, reliability and emissions-intensity have become core concerns for households and businesses. In most countries the supply and retail of electricity has shifted from fully government owned operations to a regulated, centralised, and privatised ownerships. The monopoly […]
Want to get your head around blockchain? Here is an ELI5 for dummies: What is Blockchain. Note this is as ELI5 so you can read this as an ELI5 Cryptocurrency also, although keep in mind that cryptocurrencies vary on how each one works. So here it goes. Imagine a filing cabinet: It has multiple drawers, […]
ERC20 tokens follow a set of rules which need to be met in order for a token to be accepted and called as ‘ERC20 Token’. ERC stands for Ethereum Request for Comments. The difference between these tokens and a standalone currency like Bitcoin or Litecoin is that ERC20 tokens are compatible with the Ethereum network […]