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Dash ( Crypto Currency Knowledge )

What is DASH? Dash cryptocurrency , like Bitcoin  , is a digital currency that can be used to send or receive payments. In fact, Dash was built on top of the blockchain technology that Bitcoin uses, however, some significant improvements have been made to it. Dash has gained popularity because it offers better privacy and higher transaction speeds than Bitcoin. It can achieve this with the help of a unique model that involves “Masternodes”. I will elaborate more on Masternodes later as they form the backbone of the Dash network. Not only does Dash cryptocurrency provide these benefits, but it also operates on a self-governing and self-funding model.  Unlike Bitcoin, Dash’s network can fund itself to make further improvements on the DASH technology. Dash, where ‘Dash’ is a mixture of the words ‘Digital’ and ‘Cash’, was released on January 18, 2014, as “Xcoin (XCO)” by Evan Duffield. On January 28, 2014, the name was changed to “Darkcoin” before finally being renamed “Dash” on ...

Bitcoin ( Crypto Currency knowledge )

Bitcoin  (Crypto Currency knowledge) What is bitcoin and how does it work? Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography. A public ledger records all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on a central source of trust like a bank . Every transaction is publicly broadcast to the network and shared from node to node. Every ten minutes or so these transactions are collected together by miners into a group called a block and added permanently to the blockchain. This is the definitive account book of bitcoin. In much the same way you would keep traditional coins in a physical wallet, virtual currencies are held in digital wallets and can be accessed f...

Cryptocurrency Exchanges

Platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies . What are Cryptocurrency Exchanges?  Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees. On common cryptocurrency exchanges, $100 can be exchanged for bitcoin of equivalent value, and vice-versa. Similarly, bitcoin worth $100 can be exchanged for Ethereum of equivalent value. The same concept can be applied to different assets based on what is offered by the exchange. Centralized vs. Decentralized Cryptocurrency Exchanges  Centralized cryptocurrency exchanges act as a third-party between a buyer and a seller. Since they are operated and controlled by a company, centralized exchanges offer more reliability. Approximately 99% of all ...

Doge Coin ( Crypto Currency Knowledge )

What is Dogecoin? Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was made as a parody of the crypto market following the establishment of Bitcoin. It was originally created as a light-hearted joke for crypto enthusiasts, but it quickly exploded to be one of the leading cryptocurrencies in use today.What is Dogecoin Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was made as a parody of the crypto market following the establishment of Bitcoin. It was originally created as a light-hearted joke for crypto enthusiasts, but it quickly exploded to be one of the leading cryptocurrencies in use today ? Dogecoin’s brand logo is based on a popular meme of that time that featured a Shibu Inu dog. It was created in December 2013 and was based on the same basic technology of other cryptocurrencies like Bitcoin and Litecoin. However, Dogecoin introduced some improvements, which included faster access speeds and more affordable transactions. Also, it counts t...