, 2 years ago
In general, Bitcoin transactions are fast and inexpensive, but the speed and cost depend on several factors, such as the number of transactions a network must and can process at any given time and the fee you are willing to pay for the miners of the cryptocurrency. Keep in mind that not all crypto are made “the same” as it were. So Bitcoin has competitors, which are called Altcoins. In most cases, Altcoins want to be an improvement of the original Bitcoin protocol. An example of an altcoin is “Bitcoin cash (BCH)”, which in most cases makes transfers much faster than Bitcoin (BTC) and the transaction costs (miner fee) are much lower than those of Bitcoin (BTC). This is regardless of the amount sent or the distance.
Another example of an Altcoin is Ethereum. Ethereum is a decentralised software platform. Ethereum was built by Vitalik Buterin. The platform has been created for the conclusion of (smart) contracts; arranging payments and sending messages. So, you can build applications and crypto on this network. The crypto built on the Ethereum network are called ERC-20 tokens. The Ethereum blockchain offers the possibility for many starting crypto and ICO’s to start in a simple way. The network has many enthusiasts and has hundreds of programmers at its disposal. Ethereum can be stored in a Wallet.
There are still hundreds of projects that engage in battle with Bitcoin or try to be better. The question is whether this will work. Will Bitcoin remain the biggest cryptocurrency forever?
Jan 30, 2023
What better use for blockchain technology than supply chains? Both are chains, right? Maybe that’s what the VeChain team thought to themselves when they launched in 2015. All jokes aside, the company has made strides in creating a platform for the currently siloed space of supply chain data for businesses.
Jan 18, 2023
On the surface, Nostr is much like a stripped-down version of Twitter. But just like Bitcoin works in fundamentally different ways from traditional money, under the hood Nostr works very different from conventional social media. In Nostr, YOU own your account. Also, Nostr lends itself to integration with wallet software and Bitcoin's Lightning network. Let's dive in and experiment.
Jan 10, 2023
Convex Finance lets Curve’s liquidity providers and Curve stakers earn more rewards. Curve Finance is a decentralized exchange (dex) that focuses on stablecoin swapping.
Jan 06, 2023
Since the birth of Bitcoin people have been worried about improving decryption technology one day becoming capable of breaking the encryption. A recent paper by Chinese researchers claiming a quantum computation breakthrough - which most consider a hoax - adds fuel to the fire. How likely a candidate is quantum computing to ever break Bitcoin's encryption?