Month: November 2020

What Is A Central Bank Digital Currency?

80% of the world’s central banks are engaged in CBDC research. What gives? Central bank digital currencies (CBDCs) are fiat money to be issued digitally by a country’s central bank or centralized financial authority. The rise in popularity of decentralized blockchain projects such as Bitcoin, Ethereum, Ripple, and other cryptocurrencies that disrupted conventional financial systems

The Work That Bitcoin ATMs Do

Do they function the same as traditional ATMs? Since the invention of Bitcoin in 2008 and the subsequent boom of the cryptocurrency industry, countless other lateral businesses and products were created to support the new asset class. Exchanges began to flourish, as well as crypto wallets, mining computers, gadgets, softwares, websites, blog sites, news, and

What Is SegWit (Segregated Witness)?

Something Bitcoin cannot afford to have again (November 11, 2020) – SegWit is a technical process in which the signature data from Bitcoin transactions are removed to increase the block size limit on a blockchain. This removal action frees up a block’s space and additional transactions on the chain become possible. To segregate is to

What Are NFTs?

Another powerful store of value looming on the horizon (November 04, 2020) – The quiet but explosive entry of Bitcoin and other cryptocurrencies into the financial world drove people to go gaga over the Satoshi Nakamoto-led revolution. Not only that, the underlying blockchain technology was the main reason other defining technologies came into existence. Taking