Jon Nielsen, Publisher at CoinCodex
Jon is a senior writer at CoinCodex, specializing in blockchain and traditional finance. With a background in Economics, he offers in-depth analysis and insights into cryptocurrency trends and the evolving financial landscape. Jon's articles provide clarity on complex topics, making him a valuable resource for both crypto enthusiasts and finance professionals.
Jon Nielsen Latest Articles
Crypto coin to watch for the coming week: the obvious one is Bitcoin. With the Bitcoin Gold fork just days away, it cannot be otherwise, but you should keep some altcoins on your radar as well.
Crypto coin to watch for the coming week: PIVX. It was launched in February 2016 and went under the name of Darknet; a rebranding has resulted in the currency going by its current name, which stands for Private Instant Verified Transaction, PIVX.
For the new entrant into the world of cyptocurrency, there exists a wealth of choice that can sometimes become overwhelming. For those just starting out, here are some of the options to help you get acquainted with all things crypto.
Bitcoin, the most famous cryptocurrency is digital money that generates new units of currency via the process of mining. Mining is a computationally intensive task that requires a lot of processing power. Essentially, computers are rewarded for solving difficult mathematical problems. These calculations help secure the network and anyone taking part in this process can receive a financial payout.
Bitcoin has come a long way since its humble beginnings when it was used to pay for pizzas. The cryptocurrency traded for half a cent in 2009 and in eight years, it has reached an all time high of almost $5,000. As a result, a number of commentators have come forward with the bold claim that one Bitcoin will be worth $500,000 within the next decade.