Western governments are fighting COVID-19, isolating entire cities and nations. Therefore, people feel an urgent need to get out of a centralized financial system. The crisis is increasing the popularity of cryptocurrencies in the world. According to reports from Crypto Event, some people thought that Bitcoin would act as an alternate currency during the crisis,...
As more and more transactions take place online, it was inevitable that digital money will appear sooner or later. They are called cryptocurrencies, and some of them even take a physical form of credit cards and not only. Nevertheless, the vast majority of them stay in the virtual world. What are Cryptocurrencies? The prefix “crypto”...
Cryptocurrencies have now been around for more than a decade and are continuing to mature. After enjoying many years in obscurity, they saw a boom in interest and large rise in value in late 2017 and early 2018. This saw the value of 1 Bitcoin go from $2,900 in September of 2017 to an astonishing...
Cryptocurrencies are quickly becoming a more secure and faster way to buy things and pay for services. More and more companies allow their customers to make a purchase using digital coins, so if you’re new to the cryptocurrency world or you’re only looking for new ways to spend your coins, the possibilities are (almost) endless....
Bitcoin turned 10 last year, and it may be hard to believe. Considering how much it managed to change the world, 10 years don’t seem like such a long time. It’s not only a currency that allows you to pay for various things, but you can also make money on it. Apart from that,...
Zcash and Monero are two cryptocurrencies with a focus on privacy. In this guide, we focus on differences, purpose and technical aspects of the platforms. Zcash originated as a fork of the Bitcoin protocol while Monero’s underlying structure is based on CryptoNote. Zcash carries similarities with Bitcoin. However, the main difference is the level of...
After facing months of severe backlash from regulators and politicians, Facebook is altering its plans for its own digital currency according to the report published by The Information. Facebook is considering a system that’ll offer digital versions of government-backed currencies, including the Euro and the dollar, in addition to the originally proposed Libra token. “The...
The start of crypto Crypto started when Bitcoin was created. Before it, there were many attempts to create an universal global accepted currency, but all failed. Its main purpose was a new way to send value, an immutable way, a much cheaper way compared to the banks. It started from a few cents and grow...
The latest pandemic needed one month to change the world as we know it. Every stock is down, hundred of thousands of people got without jobs and more than 80% of the industry was affected. Nobody was prepared and industries were hit hard. The most affected industries Travel – The travel industry is sitting on...
Cryptocurrencies serve as an alternative to the more traditional method of exchange – cash, and new technologies of this magnitude are bound to create challenges when it comes to adapting them by businesses and consumers. Despite the difficulties that come with the adoption of these new currencies, neither businesses or individuals have shied away from...