Cryptocurrencies, despite ushering in an exciting new era of financial liberty and empowerment, also facilitate the proliferation of brazen-faced scams like Pay Coin. This is hardly surprising; fraudsters are drawn to new technologies and the crypto industry is still quite new.

Despite providing tools that foster true innovation, the freedom of the crypto industry also creates room for persuasive opportunists to tout scams like failed cryptocurrencies to unsuspecting newbies. One such mischevious opportunist is Homero Joshua Garza, the CEO of GAW (aka Genius At Work) Miners LLC and director-in-chief of the Pay Coin scam operation.

Enabled by the naivety of…

You might have heard that cryptocurrencies are digital currencies — so what can you buy with Bitcoin? Cryptocurrency is quickly going mainstream and some businesses now accept it along with fiat money (like the US dollar) and credit. If you’re wondering, “Will Amazon accept Bitcoin?” then the answer is “Not yet,” but there are plenty of real companies that do.

There is an entire market dedicated to trading digital assets and a ballooning segment of entrepreneurs accepting them. In this piece, I’ll cover the topic of using cryptocurrency for real transactions.

How to Use Cryptocurrency

“What can you buy with Bitcoin?” is a more…

More or less anyone interested or even moderately involved with technology has encountered someone who wants to learn about cryptocurrency, but the question remains. Why cryptocurrency?

It is fair to say that disruptive technologies have been world-rattling to the point of influencing significant change in both business and personal lifestyle. It wouldn’t be fair not to mention the internet here, but that is the last you’ll hear of it (or not). Since 2012, cryptocurrencies have slowly crept into our attention spans, leaving many of us intrigued due to their various capabilities of making the world a fairer, truer place.

Why Cryptocurrency Projects Are Here To Stay

The…

The term “penny stock” may be familiar to many, but when penny coins like Golem coin are discussed, far fewer people are in the know. Before we build a solid understanding of what a penny coin is, I’ll make sure we’re all on the same page by explaining penny stocks first.

Penny Stocks: Low Price and High Potential

When the phrase “penny stock” was originated, it referred to stocks which traded at prices under $1. However, this limit was later increased to $5. Unlike penny stocks, penny coins of the cryptocurrency world trade on major exchanges and markets. …

Even though decentralized blockchains are designed for improved security, there is one popular type of exploit on everyone’s mind: 51% attacks. Lots of people misunderstand what a 51% attack is and the implications of it. In this article, I will explain how the blockchain is secure and how 51% attacks take advantage of a critical vulnerability.

Blockchain Security: How Secure Is It?

As mentioned, the blockchain is quite secure, but that does not mean there are no blockchain security issues. 51% attacks primarily concern Proof of Work based blockchains, much like Bitcoin. Let’s dive in with Bitcoin as the focus.

If you have read anything about…

There has been a great deal of confusion around Ethereum’s intended transition from PoW (Proof of Work) to PoS (Proof of Stake). In this post, we will clarify Ethereum’s developers’ intentions and what it is they are really working on.

What is Ethereum doing?

Without confusing you any more than is necessary by discussing Ethereum’s old roadmap, we will simply catch you up to speed on Ethereum’s plan moving forward.

Ethereum plans to launch both Casper and sharding on the same “beacon chain,” which is a proof of concept chain that will represent Ethereum’s first step forward after implementing its new technologies. Essentially, there…

There are 5 major types of cryptocurrency, each with its own unique features. Most people know that cryptocurrencies (like Bitcoin) are used to transfer value. It’s lesser known, though, that cryptocurrencies fulfill many other purposes in a variety of different industries. In this article, you will discover how to identify the difference between cryptocurrencies, which will help you assess their potential for investment opportunities. Understanding cryptocurrencies will make you a better investor.

Why are There So Many Types of Cryptocurrencies?

How many cryptocurrencies are there? Over 2,000. The majority of cryptocurrencies in existence are forks of Bitcoin and Ethereum. Think of them like different types of Bitcoin and…

Forex trading has been extremely popular for decades, but now trading cryptocurrencies are becoming quite common, as well. Cryptocurrency trading has made many people very rich; there is a huge variety of coins that offer different levels of risk and reward and if you don’t have a lot of capital to start, margin trading is available, too.

In this article, I will explain the ins and outs of the cryptocurrency market and the process of trading. Then, we’ll compare and contrast cryptocurrency trading strategies with forex trading strategies.

Introduction to Cryptocurrency Trading

The first step to trading cryptocurrencies is getting your funds onto an…

As the crypto space matures, regulation becomes more important and more of a hot topic. Regulation is particularly important when exchanges are concerned. So, let’s talk about cryptocurrency exchange regulation. In this piece, we will explain what exchanges are and why, in our opinion, well-thought-out regulations are a good thing.

What is a cryptocurrency exchange?

An exchange is any company that facilitates trades in one way or another. Companies that act as ‘public’ exchanges (such as Binance and Bittrex) are exchanges with open order books. …

Relax, proof of work (PoW) is not dead, but it is true that many projects in the cryptocurrency world are becoming more enthusiastic about proof of stake (PoS). We agree with this overall trend, and would like to provide some explanations as to why. To start, we will briefly explain what mining is. Then, we will give a brief overview of why proofs exist. Finally, we’ll dig into the differences between PoW and PoS.

What is Mining?

Mining is the process that keeps a blockchain network moving. In crypto, mining is often seen as race to see who can create the next block…

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