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Author: CryptoPress

What is Bitcoin's Taproot upgrade?

What is Bitcoin’s Taproot upgrade?

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The decentralized currency market has been growing steadily over the last few years. As the first and major cryptocurrency, Bitcoin (BTC) is now widely used by investors who want to maintain total control of their own funds. But there is still work to be done on improving the network’s scalability and security. Now, an upcoming update called Taproot aims to solve these issues once and for all.  What is Bitcoin’s Taproot...

Bitcoin, Featured, Guides, Main

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Andy Warhol created the first NFT ever and this art gallery bought it in auction

Andy Warhol created the first NFT ever and this art gallery bought it at auction

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A rare digital painting sold at a Christie’s auction in NYC for $870,000. The artwork is one of the last 30 works created by Andy Warhol before he died. Revolver Gallery, the largest gallery-owned collection of Warhol’s iconic Pop Art, acquired an NFTs released by the Andy Warhol Foundation. It’s a major milestone in the history of art. This Andy Warhol artwork is the first time an artwork ever sold using blockchain technology in an...

NFTs

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Blockchain

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A blockchain is a decentralized, peer-to-peer network of computers that maintains and verifies a public ledger of transactions using a consensus process to validate records. In a blockchain network, each computer keeps its own copy of the public database, making it virtually impossible for a single computer to change any previous transactions or for malicious actors to overload the network. Blockchain is the tech that underpins bitcoin,...

Blockchain, Ethereum, Glossary

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Who is Bram Cohen?

Bram Cohen

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A fundamental character for the crypto world for having developed the Peer to Peer system, one of the foundations of the current crypto world, since Bitcoin and almost all cryptocurrencies work with some version of the “Peer to Peer” protocol, or P2P. Who is Bram Cohen? Bram Cohen is an American programmer born in 1975, best known for being the famous author of the BitTorrent point-to-point (P2P) file exchange protocol, also...

Cryptocurrencies, Glossary, People in crypto

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Who's Arthur Hayes?

Arthur Hayes

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Who is Arthur Hayes? Arthur Hayes has a BA in economics from the Wharton School of Business at the University of Pennsylvania, USA, where he lived until 2007, then went to Hong Kong to work as a stock derivatives trader for Deutsche Bank and Citigroup for 5 years. In 2013 he left Citigroup to invest in cryptocurrencies, mainly Bitcoin. Why is Arthur Hayes important in the crypto world? Arthur is the co-founder of BitMex,...

Glossary, People in crypto, Trading

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