Month: June 2023

The only form of currency that has dominated the world after the Gold standard is the fiat currency, issued by the governments. Its value is upon the trust on the government issuing it. Fiat currencies are like the USD, KES, JPY, and GBP. The governments ...

Bitcoin is a decentralized digital asset running on Blockchain technology. Gold is precious metal and also a national Treasury Reserve Asset. It has been used over the years traditionally as a hedge against Inflation and as a store of value. However, gold cannot service the basis ...

The following table provides a glossary of key terms and definitions related to BiTCOIN and cryptocurrency. TermDefinitionBiTCOINDecentralized digital asset running on blockchain technology.BITCOINERPerson who uses or holds BiTCOIN.BTCAcronym for BiTCOIN.HODLAcronym for "Hold on For Dear Life." Refers to passive investment in which people buy and ...

During the global financial crisis of 2007-2009, also known as the Great Recession, distrust in banks and central governments reached its peak. Housing prices plummeted, and a major bank, Lehman Brothers, went insolvent. Investors and businesses rushed to withdraw their cash deposits from other banks, ...

Bitcoin, as mentioned in my previous article, is decentralized, operating without the need for a financial system or government authority. It utilizes peer-to-peer transfers on a blockchain that records all transactions. The blockchain is an open-source code that chains blocks of transaction histories, preventing manipulation ...