Our Chief Product Officer weighs in on the conversation around how mobile will have a big impact on blockchain technology going forward. He sees Africa as a continent open to the adoption of blockchain technology. Stephen added, “We’ve seen the continent leapfrog traditional banking through newer mobile technologies, making it well placed for widespread adoption […]
At the beginning of 2017 the top two cryptocurrencies bitcoin (BTC) and Ethereum (ETH) were valued at $963.06 and $8.26 respectively. Throughout 2017 bitcoin gained in value, ultimately reaching an all time high of approximately $19,500 on the 18th of December 2017. Ethereum reached an all time high of approximately $1,400 on the 14th of January 2018. This meant that the early adopters of cryptocurrencies had a good year with incredible returns on their initial investment.
Coindirect has now launched a dedicated Exchange page where converting between your Coindirect wallets is a straight-forward and instant process. If you want to shift digital currency between any of your wallets without hassle or waiting periods, you’ll know where to go. The exchange works anytime of day, with any of the 35 digital currencies, in any of the 21 countries currently supported by Coindirect.
Turning cryptocurrencies you own back into your preferred fiat currency is a crucial service that helps keep the cryptocurrency market functional. Luckily, selling your bitcoin is a straightforward process with Coindirect. In fact, any of our 35 cryptocurrencies on the platform can be sold after they are converted into bitcoin using the ‘Transfer’ function in our ‘Wallets’ tab.
With the rapidly expanding world of cryptocurrency, comes a whole new library of new terminology to help define it. The more you know, the better equipped you’ll be to understand all the exciting new developments happening in the industry. Hopefully by the time you’ve finished reading this article, you’ll be fluent in crypto-speak.
As the cryptocurrency landscape continues to expand, some altcoins are rising closer to the top by going in bold, creative new directions. The industry is currently experiencing an innovation boom, from building global business ecosystems, to blockchain-backed lending platforms. Each new coin that is introduced serves a unique purpose, with ICO’s funding new business ventures and others given as rewards for creating valuable content.
Let’s start off with the basics. ‘Bit’ refers to a small fragment of digital information, and ‘coin’ refers to the representation of money. Bitcoin was originally introduced in January 2009 and is credited as the first decentralised digital currency to use blockchain technology. Collectively, bitcoin refers to both the particular payment protocol that utilises an electronically distributed ledger (blockchain), and the digital currency that can traded using said protocol.