See Also
Should I worry about the Bitcoin halving?
As you probably know, when mining Bitcoin, every block contains a reward reserved for whoever solves it. The very first blocks, mined by Satoshi Nakamoto himself, paid a 50 BTC reward. Today, blocks pay 1/4 of that, or 12.5 BTC. In May 2020, that reward will halve once more to 6.25 BTC per block. Why […]
What are CryptoDepository Receipts?
A CryptoDepository Receipt is a smart contract that is meant to represent something. It is a cryptographic note that can represent anything, any asset, any rights, currency or anything else in a “real world” transaction. CDR’s are what we denominate KYC (Know Your Customer) compliant. Which means that any institution which underwrites CryptoDepository Receipts must […]
ELI5 Bitcoin to USD conversion
Bitcoin itself does not offer a US Dollar for Bitcoin exchange system. If you’ve just arrived in the world of cryptocurrencies, this may cause some confusion. Bitcoin is a completely virtual crypto asset that exists within its own blockchain. The only way to convert Bitcoin to US Dollars, and from USD back to Bitcoin, is […]
Who is Hal Finney?
Hal Finney was a software developer, cipherpunk and cryptography advocate who worked on many relevant security-related software projects, the original Bitcoin Core source being one of them. In the cryptocurrency universe, Finney became famous for being the first recipient of Bitcoins. Satoshi Nakamoto‘s very first Bitcoin transaction was sent to Hal Finney as a test. […]