In this post we take a look at the nature of Bitcoin, compare it with the characteristics of a Ponzi scheme, and try to give an answer to the question.
November 28, 2012: Bitcoin’s First Halving Event
On November 28, 2012, an event of unprecedented significance occurred in the world of cryptocurrency: the first Bitcoin halving. It was on this day that the reward per block for mining Bitcoin was reduced from 50 to 25 Bitcoins.
Cryptocurrency Mines
Cryptocurrency mining is the process of validating cryptocurrency transactions and adding these transactions to the public ledger called the blockchain. In return for this work, miners receive a reward in the form of new cryptocurrencies.
Double Spend Attack: Spending the Same Crypto Twice
A Double Spend Attack is a critical potential flaw in a digital cash scheme where a user attempts to spend a single unit of a digital currency more than once. This can cause serious complications, leading to fraudulent transactions and loss of trust in the system.
The Most Successful Blockchains
There are many different blockchain networks, and the specific ones that are most widely adopted can vary depending on the criteria used to measure their adoption.
How Many Bitcoins Exist?
Bitcoin inventor Satoshi Nakamoto has limited the number of Bitcoins to 21 million.
20 Pivotal Events in Cryptocurrency History
Cryptocurrencies have changed the way we see and use money. From Bitcoin’s first steps to the influence of social media on crypto prices, a lot has happened over the years. Here’s a list of 20 major moments in the crypto world.
How Much is a Bitcoin Worth?
How much is a bitcoin worth? Let’s try to answer it together.
Bitcoin’s White Paper
Bitcoin’s white paper is a document published in 2008 by Satoshi Nakamoto Perhaps, it is not a true milestone for Bitcoin because Bitcoin itself did not yet exist. […]