Crypto Brothers

Bitcoin is the original cryptocurrency, and more than 9 years after its introduction, it’s still the most visible and popular form of digital money.

It’s maintained supremacy in spite of the thousands of imitators inspired by its success, including everything from heavy hitters like Ethereum to jokey tokens like DogeCoin.

But somewhere in the fracas, Bitcoin spawned its own child, a new coin called Bitcoin Cash. 

Why is there a need for two kinds of Bitcoin? 

What’s the origin of Bitcoin Cash? And is there a significant difference between the two?
The Problem with Bitcoin Although Bitcoin has proven that cryptocurrency is a feasible concept, and made many people extremely wealthy along the way, it’s not perfect. The Bitcoin network can process seven transactions per second. That might seem like a lot, but compare that to Visa, the world’s largest credit card company. Visa processes an average of 1,700 transactions every second, more than 150 million a day—and it has to, since it boasts o…

As of July 2nd, over 800 cryptocurrencies were valued at less than one cent, making them effectively dead. As of the writing of this article, Bitcoin, the original flagship cryptocurrency, was sitting at 70% below its peak price.

Although the notoriously volatile currency may have spiked back up by the time you read this, a lot of people have had their confidence in the revolutionary digital money shattered by the correction. Bitcoin isn’t dead just yet, but here are some lessons to be learned for people still interested in cryptocurrencies.
1. Choose Your Exchanges Wisely The coin exchanges through which people trade cryptocurrencies have become popular targets for hackers, who are able to steal huge troves of data if they breach the exchanges’ defenses. South Korea’s Bithumb was the victim of a brutal $30 million hack in 2018, which saw increased regulations from the Korean government as a result. This isn’t new: Mt. Gox was one of the largest crypto exchanges in the world before i…