The history of bitcoin started with the invention and was implemented by the presumed pseudonymous Satoshi Nakamoto, who integrated many existing ideas from the cypherpunk community. Over the course of bitcoin’s history, it has undergone rapid growth to become a significant currency both on- and offline.
How does Bitcoin actually work? What are altcoins? What is a private key? How do you valuate crypto assets? Deep dive into the most important topics in the crypto scene.
By now everyone’s heard of Bitcoin. It introduced the world to blockchain or distributed ledger technology and as a crypto asset, it is the center of the universe. But bitcoin is hardly alone.
The Lightning Network is a “layer 2” payment protocol layered on top of a blockchain-based cryptocurrency such as bitcoin or litecoin. It is intended to enable fast transactions among participating nodes and has been proposed as a solution to the bitcoin scalability problem.
An Altcoin is an alternative digital currency to Bitcoin. The word Altcoin is a portmanteau of “alternative” and “coin”, to form “altcoin”. It actually refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.
Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.
The Inevitable Steps Podcast is an educational, honest, and entertaining exploration of the fascinating world of cryptocurrencies.
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If you want to own cryptocurrency—either because you’re looking to invest or because you want to spend money online—you’re going to need a crypto wallet. Using one will let you keep your crypto safe, while also allowing you to make transactions.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.