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February 26, 2018
How many Ethereums will be issued/mined? Is there a limitation?
There is no limitation of issuance of Ether itself. At the beginning, 60 million ether created to contributors of the presale and 12 Million were created to the development fund. Now, up to 18 million ether can be mined every year....
February 26, 2018
When was Ethereum's ICO? How much ETH was issued at first?
Ethereum was first issued in 2014 after the donations gathered as its pre-sale. *There was no recorded ICO like many other Cryptocurrencies. At first, 60 million Ether were created for contributors and 12 million Ethers to the developm...
February 26, 2018
What is Altcoins? Is it a Cryptocurrency like Bitcoin?
"AltCoins" refers to the Cryptocurrencies created and issued after Bitcoin. As the name comes from "Alternative Coins", these coins are considered as alternative solutions to Bitcoin and often introduced with extra features to Bitcoin...
February 22, 2018
Some Bitcoin hacks in the past. Does this mean there is a flaw within the Bitcoin protocol?
The truth is, Bitcoin protocol has never been hacked. But Bitcoin has been stolen in several occasions due to vulnerable security reasons. As Bitcoin gains more value users, it is important to secure wallet and private keys. The...
February 22, 2018
Is Bitcoin secure? Is there a vulnerability to this Cryptocurrency market?
Bitcoin's Protocol and Cryptography is very secure, and the reason of that is because it is the biggest distributed computing project in the world. In Bitcoin market: No one can manipulate On one can reverse transactions No...
February 22, 2018
How and from where is Bitcoin mined?
"Bitcoin Mining" seems like these miners are looking for Bitcoin on the web and actually mining them like mining Gold, but how it works isn't really the same. Bitcoin Miners are the ones who are helping Bitcoin market to process trans...
February 22, 2018
Should I keep my computer on to receive Bitcoins from other wallets?
You don't need to keep your devices with Bitcoin wallets on while transactions are happening. All transactions and Bitcoin Wallets are registered within the "Public Ledger" which is shared between all the devices on the network. In...
February 22, 2018
How come the fee(cost) of Bitcoin transaction related to the processing speed?
You can set the fee/cost for your Bitcoin transaction as you want. thus it can even be zero for a transaction too. But lower transaction fee will lead to longer processing time. It is because the fee is relative to the number of by...
February 22, 2018
If Bitcoin can be sent with zero cost(for free) why users choose to pay for some fees?
Bitcoin can be sent to other wallets without any cost, but this can lead to longer processing time such as a week or more. This is because the Bitcoin community prioritize the transactions which paid higher fees. The amount of bitc...
February 22, 2018
How much does it cost for a Bitcoin transaction?
Bitcoin transactions can be made without fees. If you wish, you can send it with zero cost. But there are some points that you need to know: You can set your own fee as you like. Sending Bitcoin with zero fee can lead to more ...
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