DICTIONARY OF CRYPTO TERMS
If you’re new to cryptocurrencies then this is a dictionary of terms designed to help you navigate the terminology out there. All the way from ‘Altcoin’ through to ‘Wallet’. Altcoin Any cryptocurrency other than Bitcoin, literally alternative coin. Bitcoin The original and most prominent example of a cryptocurrency. Blockchain The underlying technology that are the foundation for cryptocurrencies. Cryptocurrency A […]
WHY DO ALT COINS EXIST?
To a large extent, Altcoins are an expression of the times that spawned them. At a time when trust in banks, regulatory authorities and capitalism was at an all-time low, the lure of being able to trade without using any of the foregoing as intermediaries was instantly attractive. Lehman Bros collapse precipitated a rash of […]
A HISTORY OF BITCOIN
In Oct 2008 a person or persons using the pseudonym Satoshi Nakamoto published a ground-breaking paper “Bitcoin – A peer-to-Peer Electronic Cash System” – very few people noticed. The project utilised a technology that has come to be known as blockchain combining strong cryptography and linked lists. It drew on work by the Linux development team to assist in managing this very […]
