Tag Archives: the ethereum blockchain

Blockchain for Social Impact: A Review of Some Interesting Projects

Blockchain for Social Impact: A Review of Some Interesting Projects

written by blockgeeks As we slowly recover and adjust ourselves to life post-Coronavirus, scientists are rushing to create solutions to prevent another pandemic in the future. Turns out that blockchain integration can help us thrive in a post-Corona future. Looking beyond pandemic detection, there are several other ways in which the blockchain technology can add social value. Let’s take a look. Blockchain technology and Coronavirus There are three aspects where the blockchain can immensely help us to prevent a pandemic situation in the future: Digital Identities Traceability. […]

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The Fundamentals Of Bitcoin – “Top Shelf” Bitcoin Basics #1

Bitcoin MAC

Bitcoin Is In The News Bitcoin is in the news, usually with some startling information about some guy tossing out his old computer for recycling with his only bitcoin wallet on the hard drive. His old wallet has the only access to hundreds of thousands of dollars’ worth of bitcoin. And it’s gone. Or you read the predictions about the bitcoin that was worth 39 cents in 2010 and $500 in 2016 skyrocketing to $285,000 by the end of 2021. Online stories about the unregulated aspect of […]

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Lower Risk Than Traditional Currencies

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Another prominent advantage of Cryptocurrency is its risk is lower than traditional currencies. In this era, most people rarely have their cash in their possession now. Instead, they have an array of credit cards, debit cards and other payment cards available as their nations’ method of payment. Nothing’s wrong with that, except however if the store’s connection to the server is disconnected or their machine is out of service, and you who do not possess any cash just ended up holding the line. The thing about these […]

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The Ethereum Blockchain

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Created by Vitalik Buterin, it has scored itself the second spot in the hierarchy of cryptocurrencies. This digital currency launched in 2015 is predicted to surpass Bitcoin and may be the cryptocurrency of the future. Ethereum is currently worth $279 since its launch. Is Ethereum similar to Bitcoin? It is in a way, but not really. Like Bitcoin, Ethereum is a part of a blockchain network. The main difference between the two currencies is that Bitcoin blockchain focuses on tracking ownership of the digital currency while Ethereum […]

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Why Should You Invest In Cryptocurrency (Bitcoin)?

Bitcoin Basics

Have clarity on why you are investing. You don’t just decide why you want to invest. Well, obviously you want more money. Everyone does. But what defines your investment? Why do you even invest? You have to be clear of this, so you now where you are heading, and devise a strategic plan to get there. Some people would want invest to save for their retirement. Those days when everyone worked similar jobs for a span of 40 years and retired to a nice pension are gone. […]

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Why Invest In Cryptocurrency Adopting The Right Mindset

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Before we begin talking about why you need to invest in cryptocurrency, you will first and foremost need to adopt the right mindset in place. What does having the right mindset mean? Having the right mindset means being open minded, thinking positive and not whining or complaining after making a decision and being accountable for the choices you have made. Complaining and whining won’t get you anywhere. The market doesn’t care about your complaints, because the market will always be the market.Over the last couple of months, […]

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What Is Investment?

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The word investment simply means the action of investing money for future gains. Your future gains can be in the form of assets or stocks and also cryptocurrency, which you purchase with the intention to generate passive income. Your assets value may appreciate in the future. Once you’ve made a conscious choice to invest, you are no longer working for money. You are actually making money work for you. For those who choose to not invest or do not possess the awareness to do so, their monthly […]

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What Is Cryptocurrency?

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Cryptocurrency is e of the most frequently asked questions out there. What is cryptocurrency? To make it simple, cryptocurrency is a digital version of money where the transactions are done online. According to Wikipedia, a cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but […]

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Why Buy Cryptocurrency

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Like most things tech, the realm of cryptocurrency can be a bit complex to master and is still new to many. But the advantage of purchasing this currency is surely worth your investment in both time and money. Experts have also predicted that it may be the next big thing in finance. As a digital asset that serves users online, Cryptocurrency has many appealing benefits. Some of this is thanks to the Blockchain Technology previously mentioned. It is a strictly monitored process with encrypted transaction and control […]

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No Third-Party Involvement

Cryptocurrency Secrets

The first advantage of Cryptocurrency is its well-known “No Third-Party Involvement. There’s always a pattern when using traditional money to buy yourself a new property, setting up your own business, or buying a new car. One way or another, the process requires a third-party involvement. We are talking lawyers, owners and some others external factors such as, delays, documentations and extra fees. This in general will consume unnecessary time, money and energy to the point of giving up. A good example of this scenario would be you […]

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