Author: Abdul Vasi

There have been a lot of speculations over the years regarding the cryptocurrencies that will become the “next Big thing” in the cryptocurrency market. It is better to say that those speculations did not turn out quite right. However, that has not demotivated the cryptocurrency enthusiasts from speculating. With the recent turn of events in this ever competitive market, a new speculation has originated regarding IOTA, one of the best futuristic Altcoins ever created. Yes, experts and investors are calling it the next “Big Thing” as it has all the potential to rule the cryptocurrency market in the next few…

Bitcoin is considered to be a significant technological advancement in the field of computer science of the modern days. But how significant is it really as a currency? Can it be used just like the paper money? Well, these are some of the most common questions that I get asked while talking about Bitcoin. So, let me clear few things for you. Bitcoin is the future of money. The scientists have predicted that in the near future the paper money will stop to exist and people will use the cryptocurrency to meet their daily needs instead. And Bitcoin is the…

What was the unique thing about Bitcoin back when it was created? Of course, the fact that the cryptocurrency was completely decentralised was interesting enough. Plus, people were interested in the fact that the value of each Bitcoin resides within them, unlike the real world currencies which depend on the value of precious metals like gold or silver. But the thing that was most interesting about Bitcoin was the digital public ledger that it uses. Yes, we are talking about none other than Blockchain. The blockchain technology that Satoshi Nakamoto proposed in his thesis paper seemed impossible as it violated…

Due to the recent increase in its prices, people have become familiar with the term Bitcoin. However, most of the people are still ignorant about the Altcoins and how fantastic they are. So, what are Altcoins? What is the big deal about them? Aren’t these the exact questions flooding your mind? Well, the term Altcoin stands for alternative coin or in other words an alternative of Bitcoin. Since Bitcoin was the first major decentralised cryptocurrency that the world witnessed; any cryptocurrency that was developed after Bitcoin is called an Altcoin. Basically, every cryptocurrency other than Bitcoin is an altcoin. But…

Bitcoin has become a term that is circulating in the mouths of everyone irrespective of their age, nationality or monetary status. Bitcoin is now being regarded as one of the most profitable investment options in the world today. As the price of Bitcoin goes on increasing with every passing day, more people are getting interested in investing in Bitcoin. But you need to remember that every investment must be made after formulating a smart strategy. It is never wise to make investments without any plan. Above all, Bitcoin is also volatile like every other investment option; so you must be…

Since its inception back in 2008, Bitcoin has been the talk of the town due to the vast array of features that it offers. It is not just a currency or a digital payment; Bitcoin is the next step in the evolution of human civilisation. Be it the decentralised network or the digital public ledger blockchain or the robust infrastructure of Bitcoin, there is no limit to the things that make it so amazing. In the recent times, people are looking forward to investing their money in Bitcoin. The idea behind investing money in Bitcoin is to earn profit due…

Bitcoin wallets can be differentiated into two main forms. Yes, you can differentiate Bitcoin wallets in cold storage and hot storage options. What do I mean by cold and hot storage options? Let’s see: COLD STORAGE Cold storage is comprised of the type of wallets that store the Bitcoins in physical forms and not in any cloud or online based storage. The cold storage can be a hardware device or a piece of paper which is not connected to the internet. The main benefit of cold storage is its security. The online wallets can become vulnerable to the hackers due…

The term Bitcoin has become highly popular these days. Most of the people are talking about Bitcoin and the opportunities that it provides. Yet there are many who do not have a clear idea of what Bitcoin is. So, what is Bitcoin? What do you think of it? To be honest, Bitcoin is one of the most revolutionary inventions of the 21st century in the field of computer science. It is a cryptocurrency. As a matter of fact, Bitcoin is the first decentralised cryptocurrency that came into existence back in 2008 and it marked the start of a new era…

Bitcoin, it is a cryptocurrency that has gained much importance in the world today. You might have been familiar with the term and you might know how great opportunities it offers in terms of investment due to the recent surge in its prices. But have you ever stopped to think how does this marvelous creation work? Well, let me tell you! As we already know, Bitcoin works on a decentralised network and it uses a public digital ledger called blockchain to keep the record of all the transactions that are taking place in its system. But how does a transaction…