Like miners, full nodes play a crucial role in maintaining and keeping the Bitcoin network secure.
Due to the benefits of blockchain technology, a decentralized architecture, and a community dedicated to supporting the ecosystem, Bitcoin is a highly resilient network with a nearly 99.99% uptime.
Currently, almost 9,700 full nodes are up and running on the Bitcoin network. However, this number only includes public nodes that are visible for everyone while not counting several others that are hidden by protocols like Tor.
In this article, we will introduce you to full nodes, their benefits, the potential risks of operating one…
TBFEs are used widely among traders, with their primary purpose to find support and resistance levels. The TBFE tool works through the use of the Fibonacci ratio.
Fibonacci’s ratio is devised from the Fibonacci sequence:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34 etc.
Each number is the total of the two previous numbers. The Fibonacci ratios are then found by dividing numbers across the series. These calculations then leave us with the ratios used in the TBFE and Fibonacci retracement tool.
0, 0.236, 0.382, 0.5, 0.618, 0.786, 1, 1.618, 2.618
Certain numbers within the TBFE are not…
Cryptocurrencies are not new to facing criticism from the government. The former chairwomen of the Federal Reserve, now Treasury Secretary, Janet Yellen has recently repeated the regulators’ favourite mantra about Bitcoin being a highly-speculative, inefficient form of digital currency that is primarily used for illegal transactions.
The occasional hostility governments might harbor towards cryptocurrencies has become quite commonplace. The antagonism between central authorities and the first decentralized peer-to-peer payment network that is powered by its users is quite understandable. It is no secret that Bitcoin, and DeFi at large, threatens existing power structures.
Secretary Yellen has become the first person…
Marty Bent, one of the co-founders of Great American Mining, once said on his Twitter that he had a dream to “find a large stranded gas well in a rural part of the country, use some gas to mine Bitcoin and the rest to power the small Citadel town”.
He mentioned that, for starters, he would build up this town around the mining operation, open a high-end restaurant, library and church, and a well-funded distributed bank. “The Citadel will be for real ones only,” Marty concluded.
According to his company’s website, it allows for gas plants to regenerate stranded, wasted…
The case for tokenization is relatively straightforward. When we tokenize commodities such as fiat or gold, it makes them tradable 24/7 via borderless and frictionless transactions. These tokens, like the underlying, are fungible. A gold bar can be replaced by another gold bar of equal weight; a bitcoin can be replaced by a bitcoin.
Non-fungible goods however, are irreplaceable, unique, and limited in quantity. These can also be represented on the blockchain via non-fungible tokens (NFTs).
NFTs can represent artwork, collectibles, memorabilia, and personal data. Other examples include gaming characters, digital identities, and certificates.
NFTs are usually not divisible. However…
Data is sometimes described as the oil of the digital economy. It’s useful and valuable. According to a Digital Realty report, data contributes over $1.7 trillion to the G7 economies.
However, the current way our data is shared with others is not ideal.
Instead of individual users exercising full control over their personal information, large companies and tech giants collect and sell their data to third parties to make huge profits without rewarding the original owners.
Decentr, a relatively new yet promising crypto project with an exciting roadmap, seeks to change this by introducing the concept of data as a…
While trading on AAX, you’ve probably come across Basic Attention Token (BAT) more than a few times. BAT’s price has recently crossed the 1-dollar mark for the first time in three years, and with the market cap slightly over 1 billion dollars, the token currently occupies the position in the ranking of top 100 cryptocurrencies.
This might lead some to wonder whether or not they should invest in BAT.
Technically, Basic Attention Token is an ERC-20 token, which means that just like any other ERC-20 token, it is secured by Ethereum’ proof-of-work (POW) consensus algorithm.
Conceptually, the token is an…
It’s not enough to simply invest in an asset and wait for it to go to “the moon.” To justify your decision, limit your risks, and increase your chance to make a decent profit, it’s crucial to learn more about the market around the asset you plan to put your money into.
Fortunately, in the case of Bitcoin and cryptocurrencies, we have plenty of data and excellent resources in part due to the transparent nature of the underlying blockchain technology. …
Can you pay for coffee using Bitcoin yet? For some people, this is the ultimate sign of adoption — it tells people, Bitcoin is money.
Of course, this is just one perspective.
Some would say, Bitcoin is a store of value and apart from larger transactions, it is not really meant to be spent directly. Holders who want to spend their Bitcoin are better off exchanging it for some stablecoin and using that. But there is another way of thinking about it.
In our previous article, we wrote about ‘ sovereign money ‘ and the role Central Banks play in…
Investing in crypto is not like buying a stock.
It’s more like that moment when Morpheus offers Neo the choice between the red pill and the blue pill — once you enter, the world will never be the same.
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