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QuoteColo Blog

  • What Algorithm Does Litecoin Use?

    Posted by QuoteColo on September 28, 2018

    When Litecoin was created, its creators had a decision to make. Would people be able to mine it if they already had Bitcoin-specific hardware, or not? Making it easier for Bitcoin miners to mine Litecoin would benefit Litecoin when it came to liquidity and supply. The downside is it would allow those miners to corner […]

  • What Are Gigahashes and Terahashes?

    Posted by QuoteColo on September 24, 2018

    If you were asked to guess a number between one and 1,000,000, and you had 10 minutes to do so, you would throw out as many numbers as you could as quickly as you could  in order to guess the number as fast as possible.  If you were able to spit it out five numbers […]

  • Who Has The Most Bitcoin?

    Posted by QuoteColo on September 19, 2018

    You may have what you consider a large quantity of Bitcoin that might even make you rich if you sold all of it. The truth is there are way bigger Bitcoin fish in this pond. In fact, most of the digital currency available worldwide are owned by just a few thousand super wealthy people. Who […]

  • What Happens When All 21 Million Bitcoin Are Mined?

    Posted by QuoteColo on September 17, 2018

    In its current setup, Bitcoin is a finite resource.  This means there are only so many Bitcoin that can be obtained by Bitcoin miners. The golden number is 21 million. This begs the question: What happens when all of the Bitcoin get mined? To fully understand what happens, it is important first to get a […]

  • What Is a Cryptohopper and How Is it Used?

    Posted by QuoteColo on September 13, 2018

    With new trading technologies constantly popping up all over the place, it can be a challenge to keep up with all of the different kinds of trading in this international market.  As is the case with other forms of trading, computerized systems are taking over much of the trading process when it comes to Bitcoin. […]