Showing 4 Result(s)

What is Blockchain Technology?

" a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to …

What is the Difference Between Litecoin and Bitcoin?

In 2009, Satoshi Nakamoto launched bitcoin as the world's first cryptocurrency. The code is open source, which means it can be modified by anyone and freely used for other projects. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success.   Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's …

Can Bitcoin Scale?

A few years after Satoshi Nakamoto unleashed his bitcoin paper on the world, the cryptocurrency's users began to notice a potential problem: bitcoin wasn't very liquid. For a system that many claimed could replace fiat payments, this was a big barrier. While Visa handles around 24,000 transactions a second, bitcoin could process up to 7. Unless something could …

Who is Satoshi Nakamoto?

While we may not know who he (or she) was, we know what he did. Satoshi Nakamoto was the inventor of the bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008. He then released the first version of the bitcoin software client in 2009, and participated with others on the project via mailing lists, until …