Omar Wells

silver and gold round coins
December 5, 2020

Private & public keys and addresses

The public and private key pairs serve Bitcoin as receiving addresses and for creating digital signatures. This allows participants to send cryptocurrencies…

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December 4, 2020

Initial Coin Offering

Initial Coin Offering is a way for new cryptocurrency projects to raise the necessary funds. It is therefore a kind of crowdinvesting…

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December 2, 2020

The HODL meme

HODL originated in a forum post by the user GameKyyubi. In the midst of a Bitcoin crash, he wrote a post on…

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black and silver audio mixer
November 29, 2020

Mining requires a lot of computing power

In the past, it has already happened that individual cryptocurrencies were switched to a different algorithm through a hard fork. ASIC devices,…

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November 23, 2020

Bitcoin: How does mining work? What does it cost and when is it worth mining?

Bitcoin mining is a process of verifying and recording transactions on the blockchain network. This is achieved by solving complex cryptographic problems…

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U.S. dollar banknote with map
August 13, 2020

Understanding the monetary system

For some years now, the monetary system has been discussed more and more frequently. Among other things, the euro debt crisis, which…

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photo of stainless steel forks in white background
August 12, 2020

Hard Fork, Soft Fork

Subsequent modification of the blockchain is not possible. Adding new blocks is also a feat that can only be accomplished with the…

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white and multicolored beach ball
July 22, 2020

Bitcoin Memory Pool

As soon as the price changes direction, speculators panic and dump their Bitcoins or quickly place additional orders. With the then skyrocketing…

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three round gold-colored coins on 100 US dollar banknotes
July 13, 2020

Dollar Cost Averaging: How profitable is this strategy really?

Dollar Cost Averaging is a term used to describe a very popular investment strategy. It is designed to help you build up…

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brown wooden blocks on white surface
June 13, 2020

What is the Genesis Block?

A Genesis Block is the first block of a blockchain. Modern versions of Bitcoin number this as block 0, although very early…

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