Bitcoin – the Best Store of Value in History?
Eigenschaften eines guten Wertespeichers Ein guter Wertespeicher sollte mehrere wichtige Eigenschaften besitzen, um effektiv und zuverlässig zu sein. Die wichtigsten Merkmale sind: I. Langlebigkeit und Sicherheit: Ein guter Wertespeicher sollte nicht verderben oder leicht zerstörbar sein. Er muss über lange Zeiträume hinweg seinen Wert behalten. II. Mobilität: Der Wertespeicher sollte leicht transportierbar und kompakt sein, […]
FTX exchange – billions of customer funds emblezzled?
Definition of FTX Exchange FTX Exchange was a cryptocurrency exchange founded by Sam Bankman-Fried and Gary Wang in 2017 and quickly grew to become one of the world’s largest crypto exchanges. In 2021, FTX had over a million users and an average daily trading volume of ten billion US dollars [1]. The company was valued […]
Hardware Wallet – How can Bitcoin be securely stored?
Definition of Terms Ownership of Bitcoin is proven through a private key. The private key is a secret cryptographic string that corresponds to the Bitcoin address. It is required to sign transactions from the Bitcoin address and send Bitcoin. The private key should never be shared with others and should be securely stored. There are […]
51% Attacks – Threat to the Bitcoin Network?
Definition of a 51% Attack A 51% attack refers to a potential security threat to the Bitcoin network. In this type of attack, a single validator (miner) or a group of miners (mining pools) controls more than 50% of the computational power (hash rate) of the entire Bitcoin network. This would enable the attackers to […]