See Also
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. […]
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 […]
Bitcoin: The mother of all cryptocurrencies
On January 12 2009, an individual, or group, using the pseudonym Satoshi Nakamoto, announced that the first Bitcoin transaction had taken place. Ten Bitcoins had been magically transferred between Satoshi and cryptography legend Hal Finney. It was the beginning of a revolution which, to this day, promises to change how humankind deals with money, finance […]