THE WHAT & WHY OF BITCOIN

Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.

Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.

The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.

At Cryptoplanetry, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?

Stay tuned.

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THE USE OF STABLE AND UN-STABLE COINS

WHAT IS A STABLE COIN? S tablecoins are digital assets whose value is linked to the value of another money, commodity, or financial instrument. Stablecoins are designed to be an alternative to the excessive volatility of the most popular cryptocurrencies, such as Bitcoin (BTC), which has made such investments unsuitable for widespread use in transactions. Stablecoins are cryptocurrencies that try to tie their market value to something outside of themselves. As a medium of exchange, stablecoins are more helpful than more volatile cryptocurrencies. Stablecoins can be linked to a currency like the US dollar or a commodity price like gold. Stablecoins aim for price stability by using reserve assets as security or supply-controlling computational formulae. Stablecoins come in a variety of shapes and sizes. Given the widespread availability and acceptability of the US dollar, some believe that stablecoins are a problem in search of a solution. Many cryptocurrency sup...

WATCH OUT FOR THE NEXT BITCOIN

Several coins are thought by various individuals to be the next Bitcoin, as we all can see that BITCOIN is the mother of all other form of cryptocurrency. And that is the reason why we have just 2 major types of coins which are Bitcoin and other coins, which are regarded as Alternative coin (Alt coin). So in a nutshell, it means any other coins other than BTC are regarded as ALTERNATIVE COIN. Crypto market has been introduced for almost 10 years but up till now, there is no crypto coin that can be applied deeply into life and this is because the transfer fee in the blockchain cost too much. BITCOIN: $30-$50/txn; Ethereum: $15-$30/txn; TRON: $0.8-$1.0/txn. And also, Network bottleneck due to blockchain high transaction demand. BITCOIN: 7txn/second; Ethereum: 14/txn/s; TRX: 300txn/s; Polkadot: 1.500txn/s. With all this instability, a coin, with a better future to correct all the existing coin called BITCOIN FUTURE is developed to replace all the constraints. What is the BITCOIN FUT...

THE MATHEMATICAL MODEL ( FORMULA) TO PREDICT BITCOIN PRICE

A unique mathematical formula, which models the bitcoin price precisely for more than 10 years before and more than 10 years after today. Believe it or not, but there is a simple formula to calculate the future bitcoin price with great accuracy. Want to know the price for Bitcoin — take your scientific calculator and calculate it: Where t — the number of days since the Bitcoin Genesis block. Dear friends, colleagues, clients and enthusiasts! By this article I want to congratulate everyone of you on this CRYPTO blog coming. I know that all of you saw this diagram millions of times in your bitcoin journey. What is the orange line in this chart? Of course many people will easily recognize the BTC-USD price chart. But let me add to this diagram some mathematics the way that probably nobody did with this chart. I took all available data since July 2010. The bitcoin price was 5 cents ...

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