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...

The Similarities and Differences Between Bitcoin and Forex Trading

Bitcoin and other digital currencies are currently making a splash in the world of finance. It’s a relatively new concept and there are a lot of opinions out there as to how to trade in Bitcoins and how to understand the changes in this market. One of the ways of explaining this phenomenon is to compare it to a type of trading that has been here for ages and that most of the brokers...

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