On May 22, 2010, a man in Florida paid 10,000 bitcoin for two pizzas. This is generally recognized as the first commercial bitcoin transaction. At the time, 10,000 bitcoin was worth about $40, making one bitcoin “worth” a little less Read more…
In 2013, James Howells, who lives in Wales, threw out a hard drive with 7,500 bitcoins on it. When he realized how much the value of Bitcoin had shot up in recent years, he went looking for the drive. Now, Read more…
When using the Ethereum blockchain to complete transactions, you’re required to pay for “gas.” On the Ethereum network, gas represents the computational effort used to complete the transaction. Using the network for apps or transactions, even if it’s converting another Read more…
One of the hottest cryptocurrencies in recent months is Dogecoin. However, the token started out as a joke. The idea was that there were so many coins out there, just being introduced. So the creators of Dogecoin invented the token Read more…
Unicorns are the success symbols of startups. The name of this fictional animal is used for companies which, while not having listed, hit the valuation barrier of $1 billion dollars. The concept has given rise to a whole body of Read more…
Origins of Yield?Farming Yield farming emerged as an effect to the issuance of DeFi protocol governance tokens, which began earlier this year. Yield farming consists of locking digital assets in a DeFI protocol to generate rewards (yield) in the form Read more…
Even though they are growing in popularity and are considered digital assets, NFTs aren’t cryptocurrencies. They’re tokens that are not used as a medium of exchange. And NFTs can’t be divided or replicated. Today, NFTs are seeing popularity as alternative Read more…
In her 2020 book?The Infinite Machine, Russo said that Buterin looked to science fiction terms for inspiration when he wrote the ethereum white paper in 2013. Buterin was scrolling through Wikipedia when he came across the word "ether," and remembered Read more…