Category Archives: Cryptocurrency Info

5 Interesting Facts About Blockchain Technology

Blockchain is the technology that makes Bitcoin and other cryptocurrencies very secure. It’s an open-source and distributed database that is stored in nodes or computers within the network. When new transactions or blocks are added to the blockchain, it will automatically update itself. Here are 5 very interesting facts about this ultra-modern technology. 1 – It’s Tamper-Proof Once an entry has been added onto the blockchain, it will be nearly impossible to remove or alter it later. If you want to alter an entry, you’d have to […]

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3 Red Flags Of Cryptocurrency Scams

There are many different kinds of cryptocurrency scams that are victimizing people who are new to the crypto world. Con artists prey on those who don’t know the difference between a legit crypto platform and a fake one, who don’t know a Ponzi scheme from a legitimate affiliate program. These scammers fool people into thinking that their well-designed websites give them a semblance of legitimacy, but on closer inspection, these sites won’t pass muster. Here are some giant red flags you should be aware of: 1 – […]

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How To Collect More Bitcoins

There are 6 methods for you to earn more Bitcoins and it is not only restricted to cryptocurrency exchange or trading. The 6 methods are: Cryptocurrency exchange Faucets Micro tasking Supplying Bitcoin related services Becoming a Bitcoin Escrow Agent Bitcoin Affiliate Marketing The first method to collect more Bitcoins is by cryptocurrency exchange or trading. As mentioned in the previous modules, there are various forms of trading or exchange options available for Bitcoin. You may trade Bitcoin for Bitcoin, or Bitcoin with other cryptocurrencies, and even Bitcoin […]

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2018 Top Pics in Undervalued Cryptocurrencies: Gridcoin (GRC)

Gridcoin compensates the coin miners (researchers) for participating in BOINC projects that may lead to advances in medicine, biology, mathematics, science, climatology, particle and astrophysics, thus providing real benefits to humanity. Gridcoin compensates researchers for contributing computational power towards BOINC research using an energy-efficient Proof-of-Stake process, instead of generating heat and using computational power for a Proof-of-Work algorithm. Gridcoin differs from other scientific cryptocurrencies in its ability to support many different kinds of scientific projects and is only limited by what is currently broadcast over the BOINC […]

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Review Of Cryptocurrency Exchanges For Investment

First and foremost, let’s get familiar with cryptocurrency exchanges. What is cryptocurrency exchange? Cryptocurrency exchanges are websites which allows you to buy, sell and exchange cryptocurrencies for other digital currency or fiat currencies like USD or Euro. If you are very well versed in your crypto investment game and are used tot rade professionally, you will likely need to use an exchange platform that requires you to open an account and verify your identification. However if you are relatively new to the realm of cryptocurrency as a […]

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Where To Store Wallets To Hold Cryptocurrencies

We’ve already discussed the platforms where you can hold your cryptocurrencies. As mentioned in a previous post, the wallets can be stored in different devices.   There are 5 types of devices where you can download and store your wallets to hold your cryptocurrencies: 1. Desktop 2. Cloud 3. Mobile Devices 4. Hardware 5. Paper   Firstly, is your desktop. Your wallets can be downloaded on a PC or laptop. They are only accessible from the single computer in which they are downloaded. It offers very good […]

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Cryptocurrency Mining – What Are Miners Doing?

First and foremost, principally anyone can be miner. Miners are needed because of the nature of the decentralized network where they have noauthority to delegate tasks and the cryptocurrency needs some kind of system to prevent any form of network abuse. For instance, a person may createthousands of peers and spread forged transactions. It will disrupt the system immediately.     In order for you to be a miner, you would need to solve a cryptologic puzzle which is a set of very complex mathematical questions set […]

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The 5 Advantages Bitcoin Has Over Fiat Currency

Bitcoin is the first successful cryptocurrency in history, and it became successful because of the many positive merits not found in traditional or fiat currency (this is your country’s national currency). In this article, you’ll find out about five advantages Bitcoin has over fiat currency. 1 – Bitcoin Is Decentralized Unlike fiat currency, Bitcoin is not controlled by any bank or government. No single entity controls or regulates the Bitcoin network, not even its founder Satoshi Nakamoto. Without a controlling entity, bitcoins are technically inflation-proof since no […]

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Most Known Cryptocurrencies

Imitation is the sincerest form of flattery. Since the success of bitcoin, other cryptocurrencies have emerged. In 2014, these were the big contenders in the cryptocurrency world – PeerCoin aka PPCoin, Litecoin, Freicoin, and Dogecoin. At the end of 2017, these are the top five contenders, according to one source. 1. Litecoin (LTC). Launched 2011. 2. Ethereum (ETH). Launched 2015. 3. Zcash (ZEC). Launched 2016. 4. Dash (used to be Darkcoin). Launched 2014. 5. Ripple (XRP). Launched 2012.   Looking at what these currencies are worth in […]

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The 5 Most Interesting Facts About The Blockchain Technology

Blockchain is the technology that makes Bitcoin and other cryptocurrencies very secure. It’s an open-source and distributed database that is stored in nodes or computers within the network. When new transactions or blocks are added to the blockchain, it will automatically update itself. Here are 5 very interesting facts about this ultra-modern technology. 1 – It’s Tamper-Proof Once an entry has been added onto the blockchain, it will be nearly impossible to remove or alter it later. If you want to alter an entry, you’d have to […]

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