See Also
Opinion: Decentralized blockchains can only survive having a valuable token, like Bitcoin, attached to them [Feb 2018]
We’ve heard this time and again, especially from folks in the financial sector: “blockchain is here to stay, Bitcoin not so much”. Is this really so? We disagree, and in this article we discuss the origins of Bitcoin and how the problem it solved only makes sense when there’s a reward for participants to join […]
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]
Why is Bitcoin a deflationary currency? What does this mean in practice?
To understand deflation we must first define its opposite: monetary inflation. We hear a lot about inflation on the news, but what exactly does it mean? As the term itself suggests, inflation is an increase in the supply of some value or product. In the case of currencies in general, we have monetary inflation, which […]
Why are there so many cryptocurrencies?
Why so many cryptocurrencies? Are all of them as complex as Bitcoin? Currently, the Crypto.BI cryptocurrency list has over 1993 entries. What’s behind this crypto diversity? Perhaps, the best way to answer this question is through a practical example. Say you are a member of the Bitcoin development team and suddenly you convince yourself that […]