Many hailed the distributed ledger (blockchain) technology. One of the best innovations built in the digital age is blockchain. The first implementation of blockchain technology was bitcoin. The aspect which is focused on was the decentralized, permanent recording of transactions where all bitcoin transactions. A decentralized network of miners and included in blocks verified these … Read more
Any new and exciting technology comes with its own new (and not-so-exciting) challenges. Bitcoin is still in an experimental phase and only slowly hitting the mainstream. While it’s clear that it has many advantages, there are still a few risks involved in using it and digital currencies in general. It’s important to be aware of … Read more
Ponzi schemes recently enjoyed renewed public attention with the 2008 financial crisis and the Bernie Madoff scandal, but they first gained notoriety from their namesake, Mr. Charles Ponzi. So, what is a Ponzi scheme? Simply put, a Ponzi scheme pays high returns to investors, which don’t come from business activities. The scheme simply uses new … Read more
