Category Archives: Bitcoin & Cryptocurrencies

Definition of Cryptocurrency

There are many cryptocurrencies out there; in fact, as of April 2021, there were over 9,500 cryptocurrencies in circulation listed on the Coinmarketcap. This number is expected to increase in the future as people’s interest in cryptocurrencies keeps rising. Although you might have heard about cryptocurrencies and known how it works, it’s possible you still don’t know what cryptocurrency actually is, or what means. The fields of cryptocurrency and the blockchain technology that drives cryptocurrencies can be a bit confusing. So, what is cryptocurrency? This article uses relatable terminology to explain in detail what cryptocurrency is, and the science of cryptography that decentralizes and drives cryptocurrencies, and makes them secure. (Featured Image Credit: Pixabay.com.)

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Bitcoin Mining: Definition & How it Works

Usually, newcomers in the digital currency or cryptocurrency world have a load of questions. If you’re new or somewhat a bit familiar with Bitcoin, you might have probably wondered where the digital currency “Bitcoin” comes from, or how it is being created or mined. In fact, you may be asking questions such as: What is bitcoin mining? How does bitcoin mining work? How can you mine Bitcoins? The aim of this article is to answer these questions and explain in simple terms what bitcoin mining is. This article was written specifically for people who have average, little, or no technical knowledge about Bitcoin and the bitcoin mining process. (Featured Image Credit: Pixabay.com.)

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11 Factors that Can Determine Bitcoin Price Volatility

Like most existing digital currencies or cryptocurrencies, Bitcoin is a very volatile cryptocurrency; for example, between November 2017 and December 2017, its price had increased by at least 220 percent; many other instances have shown how volatile Bitcoin value and price have been and can be. But why has bitcoin price and value been so volatile? Well, it’s important to note that upward and downward price fluctuations and volatility of Bitcoin price on cryptocurrency exchanges are determined by many factors. This article discusses 11 factors that have determined and can still determine Bitcoin price volatility around a particular time period. (Featured Image Credit: Pixabay.com.)

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Bitcoin Price Prediction: Pros & Cons of Various Methods Used for Predicting Bitcoin Prices

This article lists 5 research works that were conducted to predict Bitcoin prices; in addition, it lists the pros and cons—advantages and disadvantages—of the various methodologies used to predict Bitcoin prices in each research work. In two of the research works, only one algorithm was used in each respective method, while in the other three research works, two algorithms were used together in each respective method. (Featured Image Credit: Pixabay.com.)

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Earn Free Bitcoins Every Hour & a Chance to Win Thousands of Dollars Every Week

After every one-hour interval, Freebitco.in pays out a small portion of Bitcoins—called Satoshis—as a reward to registered users of its website. Although the Satoshis wouldn’t make you instantly rich, you can accumulate them and earn you a significant number of Bitcoins quickly without purchasing any of them…also, you could also win 2 lottery tickets after every one-hour interval when you spin or click “ROLL. Featured Image Credit: Pixabay.com.)

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