Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries, until recent times. Many European countries implemented gold standards in the latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I.

Published on: 10/22/18, 5:00 PM

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss.

Published on: 10/22/18, 4:59 PM

There are two main ways to store cryptocurrency: hot and cold. A “hot wallet” refers to any type of wallet that is stored on an electronic device that is connected to the internet. A cold wallet is a wallet that is stored on a piece of paper or an electronic device that is not connected to the internet. Since the former are connected to the internet

Published on: 10/22/18, 4:59 PM

Due to the features of Bitcoin that resemble money, anti-money laundering (AML) and know-your-customer (KYC) laws apply in many states in the U.S. Also, U.S. Security law may apply because several cryptocurrencies have security-like features. Recently, some cryptocurrencies are blocking the IP addresses of U.S. based investors in order to ensure that U.S. laws do not apply. n a 2015 report by CoinDesk, over 4,000 responses were collected and analysed on the topic, “Who Really Uses Bitcoin

Published on: 10/22/18, 4:58 PM

At the time of this writing, Bitcoin is the most famous and the most valuable cryptocurrency. Each Bitcoin is worth approximately $2400 USD. However, several cryptocurrencies were created by copying the open-source code for Bitcoin and then making a minor change. Dogecoin was originally released as a joke cryptocurrency; however, Dogecoin’s market capitalization in June was close to $340 million

Published on: 10/22/18, 4:58 PM

The most famous cryptocurrency, Bitcoin, was created in 2009. However, cryptographers have been experimenting with cryptocurrencies over the past four decades. In 1983, an American inventor named David Chaum designed an electronic cash system called DigiCash that was based on cryptographic algorithms. In 1997, a British cryptographer named Adam Back created HashCash that used the proof-of-work scheme to prevent email spam. In 1998, b-money and bit gold were released by Wei Dai and Nick Szabo, respectively.

Published on: 10/6/18, 5:58 PM

The list of firms that accept Bitcoin is constantly growing. Dell, Microsoft, Virgin Galactic, and Tesla are just some of the firms that accept Bitcoin as payment. However, there are several small and more grass-root firms that also accept Bitcoin, including Etsy, Wordpress, Wikipedia, and the Grass Hill Alpacas farm in Haydenville, MA. Several non-profit charities also use Bitcoin in order to making donating easier. The BitGive Foundation supports several campaigns including earthquake relief in Nepal and clean water projects in Kenya

Published on: 10/6/18, 5:57 PM