What is Bitcoin?

Bitcoin was inspired by the need to have an electronic-payment system that is optimized for commerce on the Internet without reliance on intermediaries. Until Bitcoin, there was no system that made payments over a communications channel without a trusted party possible.A digital currency or cryptocurrency, bitcoin was invented by Satoshi Nakamoto in January 2009. Satoshi Nakamoto is the pseudonym of a...

Why is bitcoin commonly confused with blockchain?

The common confusion between bitcoin and  blockchain is understandable. This is because both bitcoin and blockchain share two major characteristics: They are both distributed peer-to-peer systems.They enable protocols for secured transactions.Where Bitcoin differs from blockchain is that while Bitcoin is also a currency (with the lower case "bitcoin") blockchain is not a currency. Blockchain can be applied to create a currency. But...

What is cryptocurrency?

You’ve probably heard of bitcoin, Ethereum, BNB, Doge, USDT, or other cryptocurrencies. There are currently thousands of cryptocurrencies out there. And they are of different types. Various types of cryptocurrencies serve various purposes, including payment, investment, network, and stabilization purposes in the crypto market or ecosystem. In this piece, you will get to understand better what cryptocurrencies are and the major types...