What determines the Bitcoin price?
July 6, 2022
The value of a fiat currency is usually defined by a central bank. This is the case for the Euro as well as for the US-Dollar. With Bitcoin, things are different since there is no centralized entity that is regulating its monetary policy. Everything is determined by Bitcoins protocol. There are also very simple but effective external factors in play when it comes down to determining the price for a single Bitcoin.
Bitcoin and Ethereum: what are the differences?
June 9, 2022
In crypto, it's still Bitcoin and the pack. Of that pack, Ethereum is the frontrunner. Both Bitcoin and Ethereum are already on the balance sheets of reputable institutions - although this is more common with Bitcoin. However, the fundamental differences between the projects are large. That's fine. After all, it gives them both a purpose.
Bitcoin wallet – How to use it and safely set it up
June 7, 2022
It is very important to manage your Bitcoin safely. All transactions are final and whoever has access to the private keys or the wallet seed holds the power to transfer your Bitcoins. Therefore, managing your own wallet is a huge responsibility that requires specific knowledge as well as the proper hardware and software to master the task. In this article, we will show you how it’s done, what a Bitcoin wallet is, and also like to introduce you to LiteBit wallet, which makes a couple of things easier if you are not a tech-savvy person.
What is a Bitcoin ATM?
June 7, 2022
A Bitcoin ATM or Bitcoin vending machine is a place where you can buy and sometimes sell Bitcoin. Think of these machines as crypto brokers with a physical location. Bitcoin ATMs are not as common as regular ATMs. There are over 1000 in the European Union.
How to send Bitcoin
June 2, 2022
Sending Bitcoin is really not that different from sending any other digital money. You do it when you want to pay someone or, for example, to move your Bitcoin between two of your own wallets.
Bitcoin for beginners
May 31, 2022
Bitcoin is digital money. But that statement is like saying the internet is a sort of library. We have to start somewhere but there is so much more to say! Another try: Bitcoin is digital money that is not under the control of any government.
What is the difference between Bitcoin and Ripple (XRP)?
May 30, 2022
Distributed ledger technologies are not all the same and they work in different ways. In fact, most of the technologies that have emerged over the last few years have been developed with the goal in mind to be different from other already existing projects. At the end of the day, if you like to achieve more speed or more security than the DLT solution that is already available, you have to do things differently otherwise you would end up in the same place. With the hype around Bitcoin, many other DLTs have emerged and this has caused a lot of confusion among many investors and especially beginners. Since Bitcoin was the first cryptocurrency on the market, other cryptos often get compared with Bitcoin. Sometimes this isn’t really helpful because one cannot compare things to each other that are very different at the core of their being. This is why in this article we are going to explore the difference between Bitcoin and Ripple instead of looking at the very few similarities.