Article Reading Time: 2 minutes Facebook’s Libra is a ‘Permissioned blockchain digital currency’. A higher degree of security is built into this peer to peer network so new computers being added into the network have to be pre-authorsied to join. The present Blockchain of Bitcoin, uses a permisionless Blockchain which some argue is still as secure as pre-authorisation that Libra… Read more »
Article Reading Time: 2 minutes An ‘Altcoin’ is an ‘implied’ cryptocurrency coin, meaning it often shares Bitcoins characteristics, hence the name ‘Alt Coin’. Currently its claimed there are over 1500 of these ‘Alt Coins’ available to invest in. Notable Alt coins: Litecoin – Seen as an alternative Silver to Bitcoin’s gold and thoroughly decentralised! Uses a ‘Proof of work’ scheme… Read more »
Article Reading Time: 2 minutes Stablecoins are ‘coin’ based token’s that retain, or are close to a value. A stablecoins value may go slightly up, or under the $1 dollar remit or equivalent value and is not prone to risky volatility, hence the term Stablecoin. The Stable coin may track the dollar, but negative, or positive increase / decrease with… Read more »
Article Reading Time: 2 minutes So what the hell is bitcoin then? Bitcoin is a cryptocurrency that was launched officially in January 2009. Bitcoin relies on a distributed database / peer 2 peer networking structure that’s decentralised, offering ways to secure, or encrypt each created or managed transaction with no central authority. A sort of ‘posh’, accountancy distributed ledger of… Read more »
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