Who is Vitalik Buterin: The Man Who Co-Created Ethereum Vitalik Buterin is a Russian-Canadian writer and programmer best known for his work on the cryptocurrency Bitcoin. He first became involved in the Bitcoin community in 2011 when he co-founded the magazine Bitcoin. He is mostly known for his work on Ethereum, a blockchain platform that serves as a decentralized computer for … [Read more...]
Bitcoin, Cryptocurrency and Taxes: What You Need to Know
If you don't live in a country where cryptocurrency gains aren't taxed, you'll need to figure out how to account for your bitcoin or other cryptocurrency holdings during tax season. There is a lot of ambiguity around cryptocurrency taxation because governments are still figuring out how to tax it. We need to follow the current laws even though they might be inconvenient, because if we … [Read more...]
An In-depth Look at Bitcoin Laws & Future Regulation
Bitcoin was not created to be regulated by a central authority like traditional currency, instead it was designed to be decentralized. Authorities are still trying to understand Bitcoin and the blockchain technology behind it before making any decisions about how to deal with it, especially in regards to taxes and money laundering. Presently, there is no standardized global response … [Read more...]
Overview of Software Wallets, the Easy Way to Store Crypto
A crypto wallet is similar to a bank account for fiat currency in that it is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. The security of a cryptocurrency largely depends on the security of the wallet, which is only as secure as the private keys. Wallets are generally either hot or cold. The funds in a hot wallet can be used to … [Read more...]
Is Cryptocurrency Real Money? Brief Discussion on Major Issues Surrounding Debate
Cryptocurrencies have been growing in popularity over the past few years. In 2018, there were over 1600 different types of cryptocurrencies! And the number is constantly growing. The increasing demand for blockchain developers is due to the popularity of cryptocurrencies. Based on Indeed's data, blockchain developers are highly valued as their average salary is over $112,000. There’s … [Read more...]
How to trade cryptocurrencies: A beginner’s guide to buy and sell digital currencies
Cryptocurrency has been called both the money of the future and an extremely risky asset, with opinions varied on whether or not it is something worth investing in. So which is it? Is it worth investing your money in this? This article will explain the basics of cryptocurrency in a way that is easy to understand, so that you can become more knowledgeable about the topic. In … [Read more...]
Ethereum 2.0 staking: A beginner’s guide on how to stake ETH
Although most people in the cryptocurrency community are aware of Ethereum, many do not understand how to utilize it to its full potential. There are many ways to use the network, but some of the best ways involve finance. One way to use the Ethereum network is to deposit (stake) Ethereum and cryptos into various interest-earning platforms and networks to earn interest. If you're looking … [Read more...]
Bitcoin Mining’s Electricity Bill: Is It Worth It?
What Is Bitcoin Mining? Bitcoin mining is the process by which new bitcoins are entered into circulation. The network confirming new transactions is critical for the blockchain ledger's maintenance and development. "Mining" is the process of using sophisticated hardware to solve an extremely complex computational math problem. The computer that is the first to find the solution to the … [Read more...]
Crypto Staking Guide 2022
The year 2020 saw the rise of Decentralized Finance (DeFi), a fantastic new crypto industry that came to prominence after Compound’s token launch in June 2020. A slew of DeFi copycat protocols soon helped investors turn passive ownership of their crypto assets into lucrative passive income. This was achieved through the power of smart DeFi protocols offering incredible incentives for … [Read more...]
How Hard Is It to Become a Smart Contract Developer?
Blockchain developers are in high demand due to the amount of money flowing into projects related to blockchain technology. ICOs have been a major driver of this capital injection, leading investors to believe that these developers must be extremely talented in order to be able to create successful applications. I am here to tell you that you can do it too! I went from having no coding … [Read more...]