Learning Centre

Apr 4, 2021
2 min

Who Is Satoshi Nakamoto?

No one knows who invented bitcoin, or at least not conclusively. Satoshi Nakamoto is the name associated with the person or group of people who released the original bitcoin white paper in 2008 and worked on the original bitcoin software that was released in 2009. In the years since that time, many individuals have either claimed to be or have been suggested as the real-life people behind the pseudonym, but as of January 2021, the true identity (or identities) behind Satoshi

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AFRICA TO MARS

Apr 4, 2021
1 min

Peer-to-Peer Technology

Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the bitcoin network—bitcoin "miners"—are in charge of processing the transactions on the blockchain and are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the

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AFRICA TO MARS

Apr 4, 2021
4 min

How Does Bitcoin Mining Work?

What is Bitcoin Mining? Cryptocurrency mining is painstaking, costly, and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it? How To Mine Bitcoins Miners are

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AFRICA TO MARS

Apr 3, 2021
2 min

What Moves Cryptocurrency Markets

Cryptocurrency trading requires you to make educated guesses as to market movements in the future. While no one can predict these movements with 100% accuracy, there are still some techniques used by professionals to mitigate risks while trading. The first thing you need to understand is what actually effects market movements in the sector. Unlike stocks, cryptocurrencies are uncoupled from many of the economic and political concerns that affect traditional markets. In most i

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Are There Any Problems with Cryptocurrency?

AFRICA TO MARS

Apr 3, 2021
2 min

Are There Any Problems with Cryptocurrency?

False Decentralization The issue of decentralization has been argued as a “false decentralization.” A large enough group of people verifying blockchain transactions does form a quasi-centralized entity. Those people are the miners, who validate the blocks in the public ledger and assign the blocks their unique codes, or hashes. This argument is directly related to the 51% majority issue that plagues newer cryptocurrencies but becomes less of a problem over time. Inefficiencie

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AFRICA TO MARS

Apr 3, 2021
1 min

What Determines the Price of 1 Bitcoin?

Unlike investing in traditional currencies, bitcoin is not issued by a central bank or backed by a government. And buying a bitcoin is different than purchasing a stock or bond because bitcoin is not a corporation. Consequently, there are no corporate balance sheets or Form 10-Ks to review. Understanding What Determines Bitcoin's Price Unlike investing in traditional currencies, bitcoin is not issued by a central bank or backed by a government; therefore, the monetary policy,

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What is the Point of Cryptocurrency? (4 Reasons Why You Should Care)

AFRICA TO MARS

Apr 3, 2021
4 min

What is the Point of Cryptocurrency? (4 Reasons Why You Should Care)

You may have heard of Bitcoin and Ethereum. You’ve also probably heard how people make thousands, if not millions of dollars, by “investing” in cryptocurrency. But what is it? Or a better question…what is the point of cryptocurrency? Why You Should Care About Cryptocurrency A cryptocurrency is a digital form of money that is a more secure medium of exchange. The big idea is that because transactions are public, irreversible, mostly unhackable, and controlled by the people, us

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AFRICA TO MARS

Apr 3, 2021
2 min

Bitcoin vs. Blockchain

The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. Blockchain technology was first outlined in 1991 by Stuart Haber and W. Scott Stornetta, two researchers who wanted to implement a system where document timestamps could not be tampered with. But it wasn’t until almost two decades later, with the launch of Bitcoin in January 2009, that blockchain had its first real-world application. The Bitcoin protocol is built on a blockc

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AFRICA TO MARS

Apr 3, 2021
1 min

History of Bitcoin

Aug. 18, 2008 The domain name bitcoin.org is registered. Today, at least, this domain is "WhoisGuard Protected," meaning the identity of the person who registered it is not public information. Oct. 31, 2008 A person or group using the name Satoshi Nakamoto makes an announcement on the Cryptography Mailing list at metzdowd.com: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. This now-famous whitepaper published on bitc

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AFRICA TO MARS

Apr 3, 2021
1 min

How Much a Bitcoin Miner Earns

The rewards for bitcoin mining are reduced by half every four years. When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC. In November of 2020, the price of Bitcoin was about $17,900 per Bitcoin, which means you'd earn $111,875 (6.25 x 17,900) for completing a block. Not a bad incentive to solve that complex hash problem

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AFRICA TO MARS

Apr 3, 2021
1 min

How is Blockchain Used?

As we now know, blocks on Bitcoin’s blockchain store data about monetary transactions. But it turns out that blockchain is actually a reliable way of storing data about other types of transactions, as well. Some companies that have already incorporated blockchain include Walmart, Pfizer, AIG, Siemens, Unilever, and a host of others. For example, IBM has created its Food Trust blockchain1 to trace the journey that food products take to get to its locations. Why do this? The f

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AFRICA TO MARS

Apr 3, 2021
1 min

What Is Decentralized Currency?

Decentralized currency, peer-to-peer money, and digital currency all refer to bank-free methods of transferring wealth or ownership of any other commodity without needing a third party. Most centralized, and some decentralized, markets use fiat currency—or physical money issued by a central bank, like U.S. dollars. Decentralized currency is used primarily in the virtual markets. Two examples of decentralized currency are bitcoin—the "coinage" used on the Bitcoin platform—and

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AFRICA TO MARS

Apr 3, 2021
4 min

Non-Fungible Token (NFT)

What Is a Non-Fungible Token (NFT)? Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions. WHAT YOU NEED TO KNOW NFTs are unique cryptographic toke

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AFRICA TO MARS

Apr 3, 2021
3 min

Cryptocurrency

What Is Cryptocurrency? A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interfer

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AFRICA TO MARS

Apr 3, 2021
1 min

What's Next for Blockchain?

First proposed as a research project in 1991, blockchain is comfortably settling into its late twenties. Like most millennials its age, blockchain has seen its fair share of public scrutiny over the last two decades, with businesses around the world speculating about what the technology is capable of and where it’s headed in the years to come. With many practical applications for the technology already being implemented and explored, blockchain is finally making a name for i

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AFRICA TO MARS

Apr 3, 2021
1 min

Decentralized Market

What Is a Decentralized Market? In a decentralized market, technology enables investors to deal directly with each other instead of operating from within a centralized exchange. Virtual markets that use decentralized currency, or cryptocurrencies, are examples of decentralized markets. How Do Decentralized Markets Work? A decentralized market uses various digital devices to communicate and display bid/ask prices in real-time. In this way, buyers, sellers, and dealers do not n

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AFRICA TO MARS

Apr 3, 2021
1 min

Is Bitcoin Mining Legal?

The legality of Bitcoin mining depends entirely on your geographic location. The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places. Bitcoin ownership and mining are legal in more countries than not. Some examples of places where it is illegal are Algeria, Egypt, Morocco, Bolivia, Ecuador, Nepal, and Pakistan. Overall, Bitcoin use and mining are l

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AFRICA TO MARS

Apr 3, 2021
2 min

What is Cryptocurrency Trading?

Ever since 2017, cryptocurrency trading has been an area of interest for new and old investors alike. Notably, cryptocurrency trading involves speculating on future price movements within the market. In its simplest form, trading requires the buying and selling of cryptocurrencies in a manner that produces profit. In order to accomplish this task, you need to have a firm grasp on what cryptocurrencies are and what affects their market movements. Cryptocurrencies are decentral

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AFRICA TO MARS

Apr 3, 2021
2 min

What is DeFi?

The use of technology in financial services is not new. Most transactions at banks or other financial services companies are accomplished with the help of technology nowadays. However, the role of technology is restricted to being a facilitator of such transactions. Companies still have to contend with navigating the legalese of jurisdictions, competing financial markets, and different standards to make a transaction possible. With its stack of common software protocols and p

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AFRICA TO MARS

Apr 3, 2021
2 min

Understanding Bitcoin

The bitcoin system is a collection of computers (also referred to as "nodes" or "miners") that all run bitcoin's code and store its blockchain. Metaphorically, a blockchain can be thought of as a collection of blocks. In each block is a collection of transactions. Because all the computers running the blockchain has the same list of blocks and transactions, and can transparently see these new blocks being filled with new bitcoin transactions, no one can cheat the system. Anyo

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Learning Centre

"Education is the most powerful weapon you can use to change the world" - Nelson Mandela

In any nation or continent that is actively growing and expanding, education is found to be a key element of this growth. When we look at Africa and its youth population, it becomes obvious that education cannot be sidelined.

At AFRICA TO MARS we are committed to empowering Africa by providing content in our learning centre that is informative, beneficial and trustworthy.

Our learning centre aims at assisting the crypto community in Africa with content that can improve the communities knowledge and understanding of crypto and the blockchain world.