You all heard about Bitcoin, Ethereum is the second-largest cryptocurrency with a capitalization of over $44 billion. It's not just a currency, it's actually a platform where everyone can create blockchain Apps. This platform has its own cryptocurrency that calls Ether and that is what users pay for transactions. Ether is like gasoline to make transactions happen. It's clear about ether, but what do smart contracts do?
Ledger Nano S is a cold storage or hardware wallet to store and make transactions in cryptocurrencies like Bitcoin, Ethereum, and other altcoins. It's powered by USB connectivity. It's the most secure way to store crypto assets because it's not connected to the internet unlike digital wallets, that's why it calls cold storage, it's almost impossible to hack.
To date, Bitcoin can have only about 4.6-7 transactions per second while Visa average of 24,000, and its peak capacity of around 50,000 transactions per second. But how Lightning Network can help BTC or other cryptocurrencies to beat the record promising to process around 1 million transactions per second. Read on. houston digital agency
You probably already heard about blockchain, bitcoin, cryptocurrencies, and other related terms. Let's clarify first of all what is a difference between Blockchain and Bitcoin, as not everybody may understand it yet. Blockchain is a growing list of records, called blocks, which are linked using cryptography, it's a digital ledger of transactions. Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Bitcoin is built on the blockchain, there are a lot of other cryptocurrencies, but Bitcoin is the most famous and as far the most popular.