Bitcoinandotherso-calledcryptocurrencies(加密货币)havebeenalloverthenewslately.Apparently,theideaofmoneythat'snottiedtoaspecificbank — oraspecificcountry — isappealingtomany.Butit'sworthrememberingthatthebankingsystemthatwenowalllivewithisjustthat: Amoderninvention.Notsolongago,moneywasalmostalwayscreatedand...
Bitcoin and other so-called cryptocurrencies(加密货币) have been all over the news lately. Apparently, the idea of money that's not tied to a specific bank or a specific country is appealing to many. And more and more people show their interest in these cryptocurrencies. In the past, money...
Passage 4(原创题)Bitcoin and other so-called cryptocurrencies(加密货币) have been all over the news lately. Apparently, the idea ofmoney that's not tied to a specific bank- or a specific country - is appealing to many.In the past, money's makeup varied from place to place, depending ...
Bitcoin and other so-called cryptocurrencies (加密货币)have been all over the news lately. Apparently, the idea of money that's not tied to a specific bank—or a specific country—is appealing to many. But it's worth remembering that the banking system that we now all live with is just...
(certain other cryptocurrencies) ostensibly exist in a finite supply. So, as time passes and more people accumulate cryptocurrencies, miners are hunting for an increasingly small number of bitcoins. To facilitate growth and reduce inflation, most cryptocurrencies periodically go through what’s called ...
Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake. Now...
Bitcoinis a digital payment system and one of the very popularcryptocurrenciesaround the globe. It was founded in early 2010 and released as open-source software. Bitcoin is not operated by a single person or an organization; instead, it is operated by everyone in the network of the Bitcoinbl...
The method Bitcoin uses of adding new blocks to the blockchain through the computational power exerted by its users is called “proof of work” and is used by the majority of cryptocurrencies. Another method of adding valid blocks to the blockchain is “proof of stake,” in which the abilit...
So what’s next for bitcoin and other cryptocurrencies? There is no denying that crypto has gone mainstream. The total value of all cryptocurrencies in circulation stands at more than $2.2 trillion, with bitcoin accounting for about $920 billion of that total. Ethereum, or ether, is starti...
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. It has since become themost well-known and largest cryptocurrencyin the world. Its popularity has inspired the development of many other cryptocurrencies. ...