Ethereum

Bitcoin and Blockchain FAQ Simplified

Question: “What is Bitcoin ?”

A Bitcoin is a token released on the first ever blockchain.

Question: “What is a Blockchain ?”

Why should anyone invest in Bitcoin ?

Bitcoin is the oldest cryptocurrency in the market.
Why should anybody invest in Bitcoin ?

The whole bitcoin environment is nothing short of an active economic playground crafted intricately to incentivize growth…

Is it possible to launch a DDoS attack using Ethereum’s blockchain ?

Ethereum transactions are recorded within the blockchain only on payment of fees by the sender which acts as a direct incentive for the miner to record the transaction accordingly within the Blockchain.

“Why is there a difference between the actual Bitcoin price and the buying and selling price ?”

This might be sound a little odd, but

There isn’t any “ACTUAL” price for Bitcoin that justifies that Bitcoin is worth so and so.

What is PoW and PoS

Proof of Work(PoW) and Proof of Stake(PoS) are some of the main scripting algorithms that we see at work today mainly in Bitcoin and Ethereum protocols.

Currently both Bitcoin and Ethereum use Proof of Work to determine if the miner does indeed possess a copy of the…