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Showing posts from December, 2019

Blockchain and Cryptocurrency - a student's overview part 1

1 A student's Overview to Blockchain and Cryptocurrency PART 1: An Introduction So, I happened to have pickup this subject called Blockchain and cryptocurrency in my college electives and though I clearly had a brief idea of the concept earlier, a visit to a Bitcoin market cap website just blew my mind. So, here is the website - Bitcoin MarketCap  and here is a picture I would like to share showing the price variation of bitcoins over the years. Right from a price of about 65$ a piece (though the word 'piece' seems incorrect) to peaking to about $20k per piece and when I checked it, the prices were about $7k a bitcoin. There was back in 2015 if I'm not incorrect, a sudden craze for bitcoins. The prices no doubt skyrocketed due to the very same reason. Now, the prices have fallen to less than half of what the zenith of glory bitcoins had seen, the craze continues, however. There are millions of bitcoins in circulation - just like a generic fiat...