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What is an STO? A Comprehensive Beginner’s Guide

The boom of initial coin offerings (ICOs) in 2017 and 2018 brought a new and unprecedented way for fintech firms to raise funds in minutes without going through the traditional route of initial public offerings (IPOs). But the boom brought along a bust as the majority of these ICOs turned out to be scams, white […]

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Blockchain Blog Terms

What is a Distributed Ledger Technology?

The term ‘distributed ledger’ has been thrown around too many times around blockchain conversations. Many people consider blockchain technology and distributed ledger as one and the same thing. This is technically not true although the two are related. So, what is a distributed ledger? The answer lies in this article. I will begin our journey […]

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Blog Cryptocurrency Terms

What is an Altcoin? An Alternative to Bitcoin and its Flaws

What is an altcoin? Let’s start from the beginning. Shortly after the 2008 financial crisis, a new digital currency was introduced to the world via a white paper sent to a mailing list of a cypherpunk community. It was known as bitcoin. It was built on top of a new technology known as the blockchain […]

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Bitcoin Blog Terms

What is Bitcoin Lightning Network? A Complete Guide to Second Layer Solution

What is Bitcoin Lightning Network? Satoshi Nakamoto introduced Bitcoin to the world a decade ago amid much fanfare of a new decentralized method of payment that could potentially challenge the existing financial system. It seemed to work very well for some because there were fewer transactions conducted at the time. Bitcoin grew in popularity and […]

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Bitcoin Blog Terms

Who is Satoshi Nakamoto?

Who is Satoshi Nakamoto? This is one of the most important and unanswered questions in the crypto sphere. Many people and organizations have been linked to who Nakamoto is but with no success. What is known so far is that Satoshi Nakamoto is the name given to the person, group of people or entity who […]

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Blog Cryptocurrency Terms

What is Ripple? A Protocol and a Digital Currency for the Payments Industry

Ripple is as interesting as they come. It is the name of both a protocol and a currency. Ripple is a real-time gross settlement (RTGS) system or an open source network used to facilitate cheaper and faster global transactions. It is very different from Bitcoin which was initially created to be used as a form […]

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Blog Cryptocurrency Terms

What is Litecoin? An Early Bitcoin Fork Nearly Identical to the Original Chain

In the world of blockchain and cryptocurrencies, there is a large number of forked protocols that inherit the majority of their properties from the parent blockchain networks. Litecoin is one such network forked from Bitcoin, the largest and most popular blockchain protocol in the world. It comes as no surprise that Litecoin’s technical details are […]

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Blog Ethereum Terms

What Is A Smart Contract And How Do They Work?

A smart contract is a term widely used in the blockchain world but it has existed before the advent of blockchain technology or cryptocurrencies. Smart contracts were first proposed in the 1990s by Nick Szabo, a cryptographer and computer scientist who others believe that he is the mysterious Satoshi Nakamoto. He has vehemently denied this […]

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Blog Cryptocurrency Terms

What is Bitcoin Cash? A Product of Bitcoin Hard Fork

Bitcoin Cash is a digital asset, payment network, and an off-shoot of the Bitcoin hard fork introduced to the world in August 2017. The name of the digital asset is contentious and is sometimes called Bcash. The digital asset was created in order to increase Bitcoin’s block size from 1MB to 8MB and allow more […]

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Blog Ethereum Terms

What is Ethereum? A Pioneer in Blockchain Smart Contracts and Decentralized Applications (Dapps)

Ethereum is an open source blockchain protocol and operating system known for its smart contract capabilities. The main purpose of Ethereum is to build and run decentralized applications (Dapps). Ethereum is greatly different from other blockchain protocols that have a limited ability to process code. The platform allows developers to build diverse Dapps on the […]

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What is an ICO? Crowdfunding Pioneered by Blockchain Technology and Digital Tokens

An initial coin offering, better known by its acronym, ICO, refers to the process where crypto startups raise capital through the creation and sale of digital tokens. It is widely seen by many as a way of bypassing venture capital and its stringent conditions. A cryptocurrency or digital token is at the heart of any […]

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Blockchain Blog Terms

What Is Blockchain Technology?

With the recent growth spurt of Bitcoin and other cryptocurrencies, the concept of blockchain has suddenly become popular in the technology industry. Companies from a host of industries, including those specializing in media, logistics and finance, have all announced significant investments in the field. Despite its growing acceptance though, most people are still unaware of […]

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Bitcoin Blog Terms

What Is Bitcoin?

Interest in Bitcoin peaked late last year when it reached an all time high price of $20,000 and made headlines across the internet. However, while it has been around for nearly a decade, very few people know anything about it at all. Now that the cryptocurrency market is officially recognized by companies and governments around […]