Before we explain what a cryptocurrency fork is. It is best to understand some common terms. So first things first, the basics: Mining Mining is the process of validating transactions via cryptographic ecalculations. Miners are rewarded in cryptocurrency (the crypto being mined) for their effort. The reward is usually a variable ‘mining fee’. Digital signature […]
The Ether Index Trust is being proposed currently. In the making for since 2016, it is still a work in progress. However, this is a hint of good times ahead for cryptocurrency especially Ethereum. An index fund is a mutual or exchange-traded fund (ETF) designed to follow certain preset rules so that the fund can […]
You can use one or more ways to store your cryptocurrency such as Bitcoin, Ethereum, and other alt-coins. Each method carries its own risks, some much more than others. We’ll take a brief look at the following ways: Online wallet Exchange Offline PC Removable media or hard drive Paper Specialty hardware Firstly, keep in mind […]
No. You cannot just duplicate your Bitcoins or any other cryptocurrency- even when you back them up. Let’s say I copy my coin wallet to another computer and start using it there. What happens? Firstly, the blockchain only contains information to verify that you are the owner of a cryptocurrency. So if you were to […]
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 […]