In principle, all cryptocurrencies are stored in so-called „wallets“. These can exist on your computer, your phone, a specialized piece of hardware, a piece of paper or simply in your memory – yes, really. In principle, wallets can be compared to traditional wallets or bank accounts: In a sense, they contain the amount of (crypto) currencies that belong to his address, even if these are only virtual. Read More
The most important advantage of cryptocurrencies like Bitcoin is probably the openness with which the system meets its users: In order to use cryptocurrencies, only an appropriate program (the so-called „client“) is required, which must be installed on your own computer. Read More
Dependence on technical aids
The use of P2P digital currency is not possible without technical tools, as each transaction requires a computer/smartphone with client software and Internet access installed on it. In addition, the software dependency means that security updates for all clients may become necessary due to errors in the software or the cryptographic algorithms behind the cryptocurrencies – these updates from millions of computers would inevitably cause a complete interruption of the system during which no transactions could take place – hard to imagine in a global economic system. Read More
Prices are rising, the media is hyping and cryptocurrencies are on everyone’s lips. This is why we offer a crash course introduction and instructions below, with which responsible investments in cryptocurrencies can be made as quickly as possible in five steps, without having to deal with the subject too intensively.
After rapid price increases in recent months, other cryptocurrencies and old coins are increasingly appearing in media coverage in addition to the already known bitcoin. The fact that this is not a short-term fad proves that the first bookmakers have been accepting bets in Bitcoins for quite some time. Read More