28
Apr

Are There Other Currencies Like Bitcoin?

Are-There-Other-Currencies-Like-Bitcoin

When Bitcoin officially came out in 2009, it was nothing short of revolutionary, although it took a few years for the mainstream public to appreciate this. However, many fintech (finance technology) fans saw immediate opportunities, and it wasn’t long before Bitcoin inspired the development of other types of virtual cryptocurrencies. The first contenders debuted as early as 2011. Today, there are not hundreds, but thousands of competing cryptocurrencies, all at least partially inspired or motivated by Bitcoin’s success. Collectively, any  [ Read More ]

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28
Apr

Who Invented Bitcoin Currency?

Who-Invented-Bitcoin-Currency

The Bitcoin invention was published as a paper on The Cryptography Mailing List in 2008 under the name Satoshi Nakamoto. The following year, the first release of Bitcoin software and the first actual Bitcoins were made available. But it turns out that Satoshi Nakamoto was just a pen name. So who really invented Bitcoin? The mysterious inventor of Bitcoins Satoshi Nakamoto’s public profile on the P2P Foundation website states that he is a Japanese male, age 37 in 2012. However,  [ Read More ]

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28
Apr

What Is a Bitcoin Faucet?

What-Is-a-Bitcoin-Faucet

A Bitcoin faucet is the closest thing you’ll find to free BTC (it’s not like you can get lucky and find a 20BTC bill laying on the ground). If your goal is to get rich off of your Bitcoin investments, faucets probably won’t be sufficient for you. But if you just want to goof off online a bit and make a few hundred Satoshi in the process, then Bitcoin faucets are right up your alley. How do Bitcoin faucets work?  [ Read More ]

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28
Apr

Why Do People Invest in Bitcoins?

Why-Do-People-Invest-in-Bitcoins

Bitcoins first got the attention of investors in 2013, and since then more and more people have become intrigued by this strange new type of currency. Indeed, most people who use Bitcoins think of them as an investment, at least to a certain degree. But what is it about Bitcoin that makes it appealing to investors? The answer lies in the unique way this famous cryptocurrency is released. Understanding Bitcoin as an investment Unlike traditional fiat currencies, Bitcoin (BTC) is  [ Read More ]

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