As bitcoin continues to endure the woes of a roller-coaster 2018, investors around the world might continue to chant “HODL” around a campfire – longing for the days of quick, successive price gains and soaring
Author: Bryan Smith
While most fiat currencies can be divided to one-hundredth of their values, bitcoin itself is presently divisible down to eight units. We explore what the terms “millibitcoins”, “bits” and “satoshi” mean, and what their place is within the Bitcoin network. When Satoshi Nakamoto released the bitcoin white paper, bitcoin was designed to be both a term that pertained to a new form of peer-to-peer monetary system and that system’s base currency. Bitcoins, as we call them in plural, have gone on to represent the leading cryptocurrency and the pioneer monetary system relying on blockchain technology. In the same way that…
In 2007, the world entered what has since become known as the Great Recession. Falling housing-related assets contributed to a global financial crisis, which either crippled or toppled many of the world’s largest