Reasons Why Bitcoins Are Still Going To Be Popular in The Future

People are going crazy about Bitcoin and other cryptocurrencies primarily when their prices have suddenly increased this year. Despite its downward movement last year, Bitcoin has gained a high price increase that made hundreds earn more than a hundred percent. Because of Bitcoin's popularity worldwide, may insights are on the internet. Some say Bitcoin's price will hit rock bottom while there are those who say otherwise. But no matter how many critics claim that Bitcoin...

When Did Bitcoin Really Become So Popular?

Although Bitcoin has been around for a while, it was only recently that the term and concept became known to the mainstream public. Initially, the cryptocurrency piqued the interest of the niche fintech industry. Its decentralized nature, which allowed for unbounded peer-to-peer transactions, became its primary advantage over fiat or real-world money. Nowadays, Bitcoin has risen to become the leading cryptocurrency in the market, even with the emergence of altcoins like Ethereum, Litecoin, Ripple, Dash,...

How Has Bitcoin Revolutionized The World

Over the years, Bitcoin has been gaining a reputation across the globe. Besides, it’s the world’s largest and best-performing cryptocurrency in the financial community. Along with blockchain, Bitcoin is becoming an alternative payment method for transactions done online. This technology also makes the cryptocurrency decentralized, transparent, and secure. Due to its unique characteristics, Bitcoin has changed how people make purchases or work with their investments. Here’s how Bitcoin has revolutionized the world:...

Bitcoin - A journey from white paper to $100 billion industry in 10 years

According to the U.S. National Bureau of Economic Research, in the year 2008 world's economy was experiencing the biggest recession. The Great Recession, as they say; officially bursted of an 8 trillion dollar housing bubble. Stock market crash, bankruptcy filing by big financial institutions.... This was the most dramatic employment contraction (by far) of any recession since the Great Depression. In the middle of this, an anonymous cryptographer with pseudo name "Satoshi Nakamoto&...

How blockchain can cause major paradigm shift for small businesses and start-ups

According to Statista, the blockchain technology is now mainstream; and, is expected to grow to a market size of $2312.5 million by the year 2021. Blockchain technology impacts each and every industry, each and every business. However, its potential was firstly recognised by BFSI sector. Gradually, it is gaining momentum in other sectors too like healthcare, logistics and supply chain, education, etc. Irrespective of the industry, let’s talk about how can it cause...

Understanding Bitcoin transaction details

While looking at transaction details of Bitcoin, you see a few other transactions than the one you made. For example on blockchain.info, you might have came across different type of Bitcoin transactions. Lets have look at them one by one. Before we take a look closely on each type, it's worth noting that Bitcoin transfer from one account to another follow Unspent Transaction Output (UTXO) model. I will considering all the transactions form Block...

Bitcoin's 17 millionth coin mined

April 26, 2018, a very special day for Bitcoin community and in the history of cryptocurrency. Today Bitcoin's 17 millionth coin is mined. Source: Blockchain Info Why it matters? Bitcoin, the first digital asset aka cryptocurrency, created in 2009 by an anonymous person Satoshi Nakamoto, is designed with a limited supply of 21 million Bitcoin ever to be mined. It means that no more than 21 million Bitcoin can be created. So, this means we...

Powering a New Generation in FinTech – The Industry Bitcoin Created

As Bitcoin continues its unprecedented growth, passing the $19,000 mark at the end of 2017, a growing sector built on servicing it is emerging. Bitcoin ATM’s, wallets, exchanges and marketplaces are rapidly growing to keep up with cryptocurrency demand. These new FinTech firms are some of the marketplace’s newest companies, but, in many cases, are finding large capital investments from angel investors and venture capitalists alike. It seems like everyone is looking...

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