Cryptolinks Cryptocurrency News Blog
Blockchain Can Make Climate Action Work!
By:
Nate Urbas
30 October 2019
When Greta Thunberg went to the United Nations Climate Change Summit 2019 meeting, she was the smallest and youngest person in a room full of world leaders. By the end of her speech, she came off as the oldest person in a room full of world leaders. She was brushing off climate change skeptics for their talking points, and supporters for making empty promises. Her manner was level and unflinching. But her raw honesty around the message of climate change...
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The Ultimate Guide to Never Get Your Cryptocurrency (Bitcoin) Stolen
By:
Nate Urbas
17 October 2019
The bitcoin industry has grown over the last decade, transforming from being a geek’s hobby to a standalone sector that lawmakers and big companies are taking note of. From buying pizza to being one of the major performing assets in the last few years, bitcoin is playing a huge role in introducing a lot of people to cryptocurrencies. But this growth has also attracted the attention of criminals who are out to steal the digital assets from unsuspecting holders. Once...
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The Rise of Stablecoins and the Governments’ Arms Race to Regulate Facebook’s Libra Cryptocurrency
By:
Nate Urbas
30 September 2019
The rise of stablecoins is largely attributed to the increasing adoption of blockchain by major firms and the need for a digital currency that is supposedly a better “store of value” than cryptocurrencies such as bitcoin and ethereum, which are notorious for their volatility. There are many types of stablecoins, and for the most part, they have been issued by cryptocurrency firms. However, this trend is changing as more traditional institutions and big tech firms dip their feet into...
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Fractional Reserve Bitcoining
By:
Nate Urbas
12 September 2019
Scaling solutions, banking in bitcoin, and institutions “Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the blockchain. There needs to be a secondary level of payment systems which is lighter weight and more efficient.” Hal Finney Bitcointalk Forum December 30th, 2010 Key Takeaways: An old idea of institutions reserving bitcoin has been reignited after analyst Nic Carter published a detailed blog post which covers some of...
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The State of Privacy in Cryptocurrency
By:
Nate Urbas
3 September 2019
Fungibility is an important prerequisite for money. While Bitcoin is the most widely adopted blockchain network, it has issues with fungibility and privacy - something that prevents it from being adopted as money. Pretty much all other cryptocurrencies also possess this weakness. Aspects of Privacy in a Cryptocurrency Privacy can relate to several things when talking about cryptocurrencies. The first aspect relates to your identity. Identities Most cryptocurrencies are pseudonymous, meaning that they are not totally...
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Will Concentration of Wealth Hold Bitcoin Back?
By:
Nate Urbas
26 August 2019
It’s been debated in economics for decades; does wealth inequality matter?, How is inequality best addressed? Now the debate comes to crypto, with enthusiasts questioning whether a fair distribution is possible or even desirable in the Bitcoin ecosystem. Is Bitcoin Wealth Too Concentrated? The wealth distribution is highly uneven in the world today and has been rising over the course of the 20th century, as outlined in Thomas Pikkety’s famous book Capital in the 21st Century. Recent research...
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How Blockchain Technology is Paying Off for Content Creators
By:
Nate Urbas
17 August 2019
As the journey of Bitcoin has illustrated, blockchain technology has the potential to radically revolutionize finance. But the technology underlying Bitcoin is also primed to disrupt other industries, including art, music and other creative sectors. Earning cryptocurrency through writing, artwork or any other creative endeavors is becoming more and more of a possibility. As YouTube and other social networks have de-platformed some individuals, content creators are becoming more aware of the need for censorship resistance and fairer monetization; and...
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Decred’s Ambitious Vision for a Truly Decentralized Exchange
By:
Nate Urbas
10 August 2019
Decred, an open source cryptocurrency project that launched in 2016, released the first specification of its decentralized exchange (DEX) on July 31st through GitHub. Inspired by Bitcoin, Decred (DCR) uses a hybrid Proof of Work/Proof of Stake consensus mechanism and is one of the most popular altcoins. Decred have been working on a DEX since June 2018 and will feature on-chain atomic swaps, a technology the decentralized project has improved upon in recent times. What are the Issues...
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BetterHash: Enhancing the Decentralization of Bitcoin Mining
By:
Nate Urbas
3 August 2019
Since Bitcoin’s introduction in 2019, it has shown the world that a decentralized currency is possible and has developed into the leading crypto-network that is undoubtedly the most resistant and secure that exists. However, Bitcoin is far from perfect and needs many improvements to become truly decentralized. For instance, the mining part of Bitcoin’s ecosystem is seen by many as a centralizing force and hence problematic if not addressed. One undesirable feature of Bitcoin mining in its current...
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Trump’s Remarks on Bitcoin Sparks a Crypto Debate Amongst Politicians
By:
Nate Urbas
24 July 2019
Donald Trump has become the first sitting US President to mention Bitcoin by name, an amazing feat given that the “magical, internet money” is just over ten years old, sparking a cryptocurrency debate amongst American politicians. President Trump is “Not a Fan of Bitcoin” While the US President’s remarks were negative, as the saying goes any publicity is good publicity. Trump wrote on Twitter, “I am not a fan of Bitcoin and other cryptocurrencies, which are not...
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