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Blockchain networks are the technological advancement of the 21st century.
They will change the way we live and work whether we like it or not.
Our goal is to make understanding blockchain technology and cryptocurrency more accessible to newcomers, understand how blockchains work and use that knowledge to analyze cryptocurrencies effectively.
We are committed to helping you stay ahead of the curve and making blockchain explained for dummies.
What does it mean to have a bitcoin?
Many people have now heard of bitcoin, that’s it’s a fully digital currency, with no government to issue it and no banks needed to manage accounts and verify transactions.
That no one actually knows who invented it.
Yet many people don’t know the answer to this question, at least not in full.
To get there, and to make sure the technical details underlying this answer feel motivated, we’re going to walk through step-by-step how you might have invented your own version of Bitcoin.
So finally it happened – yesterday Bitcoin crossed the $4,000 mark, touching a two-month high and breaking above the important psychological barrier for the first time in 2019.
This is a major milestone for it, and it has given further boost to the hopes that a bull run may get started within this year itself.
At the time of writing Bitcoin’s price is at $4,186, way above the 4k mark.On Saturday almost all cryptocurrencies were trading in green.
Besides Bitcoin the second and third largest cryptocurrencies, namely Ethereum (yes, Ethereum is now back to second spot) and XRP, also jumped as much as 11.2% and 5.5%, respectively.
While Ethereum is currently trading around $164, XRP is at $0.33.
Other notable jumps included 11.4% jump of EOS, 9.1% jump of Bitcoin Cash and 8.25% jump of Cardano.
In early 2009, a cryptocurrency (digital currency) known as Bitcoin was launched and, since then, it has been leading a significant revolution in virtual currency.
The main ingredient of Bitcoin’s success is a system of recording or storing information that makes it almost impossible to hack or change for a long time: blockchain technology.In short, the blockchain technology itself is a securest database that makes it difficult to cheat the system.
What makes it so important is that this is not a conventional database: the system works like a logbook (digital ledger) but is inviolable, “unbreakable,” and quite efficient.
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