Blog

GFC Crypto
Jan 2, 2022

What Is Ethereum

Ethereum is a decentralized computing platform. You can think of it like a laptop or PC, but it doesn't run on a single device. Instead, it simultaneously runs on thousands of machines around the world, meaning that it has no owner.

GFC Crypto
Jan 1, 2022

What Is Bitcoin

Bitcoin is a digital form of cash. But unlike the fiat currencies you’re used to, there is no central bank controlling it. Instead, the financial system in Bitcoin is run by thousands of computers distributed around the world. Anyone can participate in the ecosystem by downloading open-source software.

GFC Crypto
Jan 1, 2022

Why Does Bitcoin Have Value

Bitcoin derives its value from a variety of different attributes. Ultimately, both crypto and fiat currencies have value because of trust. As long as society believes in the fiat system, money will continue to have value.

GFC Crypto
Jan 1, 2022

Difference Between Blockchain and Bitcoin

For newcomers to cryptocurrency, the terminology can be quite confusing and even misleading. Some people refer to Bitcoin when talking about blockchain technology, while others will mention blockchain when talking about cryptocurrencies in general.

GFC Crypto
Jan 1, 2022

What Is Cryptocurrency Mining

Cryptocurrency mining refers to the process of verifying and validating blockchain transactions. It’s also the process that creates new units of cryptocurrencies.

GFC Crypto
Dec 31, 2021

What Is Cryptocurrency

A cryptocurrency (or crypto) is a form of digital cash that enables individuals to transmit value in a digital setting.

GFC Crypto
Dec 31, 2021

Blockchain Advantages and Disadvantages

Most blockchains are designed as a decentralized database that functions as a distributed digital ledger. These blockchain ledgers record and store data in blocks, which are organized in a chronological sequence and are linked through cryptographic proofs.

GFC Crypto
Dec 31, 2021

What Makes a Blockchain Secure

Blockchains are secured through a variety of mechanisms that include advanced cryptographic techniques and mathematical models of behavior and decision-making. Blockchain technology is the underlying structure of most cryptocurrency systems and is what prevents this kind of digital money from being duplicated or destroyed.

GFC Crypto
Dec 31, 2021

History of Blockchain

The underlying technology behind cryptocurrencies is the blockchain. It allows every client in the network to reach consensus without ever having to trust each other.

GFC Crypto
Dec 31, 2021

What Is Blockchain Technology

A blockchain is a special type of database. You may also have heard the term distributed ledger technology (or DLT) – in many cases, they're referring to the same thing.