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Steemit: An In-depth look at a Cryptocurrency and Blockchain  In our other blogs we discussed the gist of cryptocurrencies and blockchains. To help better understand these fascinating and beneficial mediums, we will dive deep into a popular real-life cryptocurrency and blockchain. Firstly, lets briefly revisit blockchains. A blockchain is a digitized ledger, who’s sole purpose is to create a public record of transactions involving cryptocurrencies—similar to a receipt and/or a bank statement. Now that we know what a blockchain is, lets take a look at one. Steemit: A Social Media Platform with Cryptocurrency Capabilities You may, or may not have,…

Bitcoin: What is this modern day anomaly?   Bitcoin has become a trending topic in our modernized society. Especially those who are tech savvy or comfortable with digital transactions. These people like to stick to bitcoins as they get a handful of advantages by doing the so. Below we will discuss the basic features of bitcoins, and hopefully improve your understanding of this fascinating, yet beneficial, currency.   Bitcoin Different Than Any Other Currency Unlike other currencies, Euros and Dollars for example, bitcoin never gets printed. The currency is entirely digital. It is purely a result of what some refer…

A Summarized Analysis of Modern Currencies: Gold/Silver and Crypto   Technology is advancing faster than ever, and along with this phenomenon there have been new currencies being created as well. A new currency that has swept the world economy by storm is becoming more popular by the day. At some point you may have heard of this special currency referred to as cryptocurrency. The very term is cryptic to some, but in short, cryptocurrency is a digital medium through which monitory transactions are completed without the generation of hard money or other tangible currencies. Crypto Currency has earned huge popularity…