Genel NFT

How to Create NFTs on OpenSea

NFTs has become the most popular investment tools recently. NFT marketplaces like OpenSea now allow each user to purchase their own NFT as well as create and sell their own NFT. However, there are some points that need to be considered in order to create and sell an NFT. How to Create NFTs on OpenSea and sell your own NFTs by following the steps below.

NFT Design

When you want to make an NFT and sell it, you need to have a digital asset that will be converted into NFT. This digital asset can be many file types, especially an image, audio, video, and 3D model. An original work is one of the most important parts when producing an NFT. For this reason, a good design that has been studied will attract attention.

Creating an Account on OpenSea

To create your own NFT, you must first have an OpenSea account. To sign up for OpenSea, you must have a crypto wallet such as MetaMask or Coinbase Wallet.

When you enter the OpenSea website, click on the “Create” section in the upper right corner, select one of the wallets mentioned above, and follow the necessary steps to connect your wallet to OpenSea and create your account.

How to Create NFTs on OpenSea? – NFT Creation and Minting Process

When the digital assets you will convert to NFT are ready and after you open your account, we can start creating NFTs in the “Create” tab on the OpenSea homepage.

First of all, the loading section welcomes us at the top of the page. By clicking here, you need to upload your digital asset that you want to convert to NFT on your computer.

After uploading your digital asset, you need to name your NFT. If you want to create a collection, the usual method of naming is numbering. However, if you want to create a more special and unique piece, it will be more interesting to use more specific names.

How to Create NFTs on  OpenSea

How to Mint NFT in OpenSea?  

First, in order to create an NFT or NFT collection in OpenSea you must integrate your digital wallet via the website, and the most popular wallets are MetaMask and Coinbase wallets for this process.

Create a Digital Wallet

To log in to OpenSea, you need to connect a digital wallet to hold your assets or perform various transactions.

Add Crypto Currency

You will use cryptocurrencies as cash or credit cards are not valid in the NFT market. For this reason, you must load the cryptocurrency of your choice into your digital wallet.

Upload the NFT Artifact or Collection You Created

After pressing the “Create” button, it’s up to you to convert anything you dream or design into NFT. Then you need to determine which blockchain it will be on to mint your work. It is necessary to make this decision very well. In the last step, you can upload your work.

Set a Price to Your NFT

Bring your work to the market, you need to set a price that must be paid.

Create Additional Content that is Unlocked After Purchase                

Although not every seller does it, usually best sellers with high volumes including Cautron, uses this feature. You may add an unlockable content which becomes visible after the purchase to provide additional benefits.

Specify Minting Type

Now it’s time to mint (verify) your work. You can choose to either pay a gas fee for the creation of your work, or pay the user who will buy the gas fee (transaction fee), known as the lazy minting method.

Add Name, Description and Properties To The Work

A work of art without a name is never complete. In order for users to see your works, you need to add a name and description.

Mint Your NFT!

Once all the details are arranged, you are ready to go to market. After the digital file is uploaded, you can pay an initial fee (gas fee).

Additional Important Steps:

External Link and Description

After the above steps, if your NFT has a project or if there is an external link describing NFT, you can introduce your NFT better by adding it to the “External Link” section. You can support it by writing an article to describe your NFT in the “Description” section.

Add to Collection

In the “Collection” section, if there is a collection that you have created before and you want to add, you can add it by selecting it.

Other Features

You can specify the properties of your NFT from the “Properties” under the Collection section, so a user can easily filter among your NFTs. You can scale these features by specifying certain features of your NFT along with the “Levels” and “Stats” options below.

With the first of the features below, it can only add a password to the NFT that only you can turn on or off. With the latter, if your NFT has inappropriate or sensitive images, you can warn users by marking them.

NFT Supply

In the “Supply” option, you can specify the supply number of the NFT you have created.


Finally, you can choose the blockchain where your NFT will be created. Here, your NFT will have different features depending on the network you have created the NFT. If you create NFT on the Ethereum network, you may face high gas fees, but it will be easier to sell since the Ethereum network you put up for sale is the most used network. When you create it on the Polygon network, your NFT will be created instantly without paying gas fee.

After completing all these steps, pressing the “Create” button at the bottom and confirming it from your crypto wallet, your NFT is now created and ready to be published, and now you know how to create NFTs on OpenSea!

Questions Answered by the Blog:

  • On which blockchain should I build my NFT?
  • What is the NFT supply?
  • How to create NFTs on OpenSea?
  • My NFT has sensitive content, what should I do?
  • What is External link and description in OpenSea?
  • What does NFT minting mean?
  • Why is design important when creating an NFT?
  • How is NFT created?
Web 3.0 and Metaverse Genel

Real Estate Sales in MetaVerse

Real Estate Sales in Metaverse are at an Astonishing Level

Buying land on the metaverse, which tries to bring the physical world to the virtual world, has become fashionable nowadays. It is obvious that metaverse plots, whose land values ​​compete with physical plots, will increase in value in the future.

The fact that Facebook changed its name to meta has helped people use the word metaverse more and somehow bring it into their lives.

However, while platforms are generally seen to create a reconstructed universe without being based on the real world, some platforms develop a universe based on the real world and purchase land and metaverse parcels.

To give an example, a company named Atari SA paid $4.3 million for a 24*24 metaverse parcel within the metaverse application called Sandbox. Another example is Metaverse Group purchased a plot of land for $2.43 million through the Decentraland application.

What Is the Use of Buying Land in MetaVerse?

Of course, if we compare it with other physical land purchases, it is aimed to build income-generating structures such as concerts, shopping centers, hotels that can be built in the metaverse world, even if it is not a tangible thing, and to bring high income and earn income when the metaverse world starts to attract visitors.

How Is The Land Price Determined?

Currently, it is known that the only criterion that can evaluate the price in real terms is the investment value. If it is made for the person, institution or organization whose value is to be calculated, a price is determined based on his/her situation, risk perception and expectations. However, there will be other factors that will affect these pricing in the future.

Real Estate Sales in MetaVerse

How Is Payment Made?

The land purchase is usually provided with a crypto currency determined by the application, but can also be paid with NFT depending on the situation.

Which Brands Are Buying Land in Metaverse?

It is known that brands such as Nike, Pepsi,  Balenciaga, Samsung, Wallmart, Zara, H&M, Mercedes Benz, Coca&Cola, Adidas, Gucci, BMW, Google will start to open their own stores in the metaverse.

 Questions answered by the blog:

  • What Are the Examples of Land Purchase in the Metaverse?
  • What is the Use of Buying Land in Metaverse?
  • How Is The Land Price Determined?
  • How is Payment Made?
  • Which Brands Are Buying Land in Metaverse?
Genel Web 3.0 and Metaverse

NFTs Role In Metaverse

NFTs Will Become North Star on the Metaverse and Beyond

NFTs may seem like art and collectibles digital objects which can be bought with crypto currencies, but they are much more than that. In fact, it is obvious that NFTs will make more sense for businesses and investors in the future and will be adopted more.

However, we all know the word metaverse and what it means (realistic virtual world) and its potential. Metaverse parallels the real world. Real world communications, Finance, Game worlds, personal information and NFTs will also be parts of this virtual world. Particular interest in NFTs allows NFTs to become an ossified structure in the Metaverse world. The entry of NFTs into the metaverse world through blockchain games is only one way for NFTs to enter the world of the metaverse.

nfts role in metaverse

Available for Your Identity on Metaverse – NFTs Role in Metaverse

You know that NFTs are known as non-exchangeable tokens. If we were to use this feature of NFT in the metaverse, it would be used for authentication in the metaverse. Due to the immutability of the blockchain, NFTs are the #1 technology that can decrypt identity theft in the metaverse. And also NFTs are very compatible for being items in metaverse. They can take the real items place in metaverse even such as furniture for houses or gasoline for cars, or cars themselves. So it can be easily state that NFTs are very important parts for metaverse.

Questions Answered by the Blog:

  • What is the Role of NFTs in the Metaverse?
  • What Are NFTs Used For In The Metaverse?
Genel Web 3.0 and Metaverse

Brands With Their Metaverses

In order for an idea or a new technology to enter our lives, its commercialization is of great importance. Technologies with very high costs in the beginning become available to users together with large companies.

Today, the term metaverse is one of the words we hear a lot. He is mentioned a lot in blogs, news and social media. Metaverse is at the target of companies with the potential it brings. So what are these companies?


In an interview, Google CEO Sundar Pichai defined the meta-universe as “a computer that evolves in 3D with augmented reality”. Unlike other companies whose prototype was announced in 2015, Google had done a lot of work on augmented reality with its own product, Google Glass.

Google focuses on connecting the two worlds with augmented reality, which combines the digital and physical worlds far more than a virtual one.


Meta (Facebook) is one of the leading companies in metaverse development and also one of the first to invest in it. The company has shown its interest in this matter by changing its name from Facebook to Meta.

The company bought Oculus VR, one of the first virtual reality companies, in 2014, when the metaverse was not that popular yet.

Knowing the importance of many technologies that come with Web3.0, Meta has started to develop Diem, a crypto money payment system that can be used in a possible metaverse.

Brands With Their Metaverses


Silicon Valley companies generally tend to enter an industry with sequential and divergent developments. The first project developed by Microsoft on the metaverse is the application called Mesh for Teams, which was released in 2022. It has emerged as a result of the increased work from home method during the pandemic. With Mesh for Teams, virtual office experience is aimed with standard devices and VR glasses.


Binance, as one of the largest cryptocurrency exchanges in the world, has a very important place in topics such as crypto and blockchain. For this reason, it is an important company regarding Web3.0 and metaverse, especially in terms of finance. It helps build the infrastructure needed for the new financial systems and payment methods that come with the Binance metaverse.

For example, Binance NFT Marketplace provides an environment for buyers and sellers to buy and sell their NFTs on different blockchains. This helps to increase the interoperability of different metaverse projects and provides support for metaverse projects especially in terms of financing.

Epic Games

Epic Games is one of the leading companies in the metaverse with its Fortnite game and Unreal Engine. Although Fortnite first emerged as a “Battle Royale” type game, later on, with the improvements such as avatars and free design mode in the game, it has become the prototype of the concept of metaverse, although not the full metaverse that users can experience.

At the same time, Unreal Engine, the game engine they developed, supports users in metaverse design. The game engine, which has developed over the years, allows to make more realistic and detailed designs day by day.


Tencent, one of the world’s largest video game companies, also owns the social networks WeChat and Tencent QQ based in China. Both of these platforms are supportive for the development of Metaverse. Tencent QQ provides a mobile payment application that can be used on social media thanks to WeChat, along with the game, e-commerce, music, movie and voice chat features on its portal, and Tencent actually offers an infrastructure that can be transferred to the meta universe. Tencent senior executives emphasize that game infrastructures are of great importance, especially in metaverse development.

Questions Answered by the Blog

  • Which companies are working on the metaverse?
  • Does each company create its own meta universe?
  • Why was Facebook renamed Meta?
Genel Web 3.0 and Metaverse

Metaverse and Multi-Metaverse

Metaverse is the reflection of the real world in the digital world and also as a conceptual part of the new generation internet called web3, which includes all the services offered by this decade’s internet web2.

Metaverse and Multi-Metaverse

One of the most common debates about the metaverse is whether there will be a single metaverse or will it be a combination of multiple metaverses. Web3.0 and metaverse terms are quite intertwined with each other. The existence of a secure functional meta universe is possible with the possibilities offered by Web3.0.

Just as the existence of a single authority is not welcome in the real world, so will the digital world. In fact, the desire for a decentralized economy that triggered the emergence of cryptocurrencies and it applies to the metaverse as well. For this reason, the user-based decentralized internet created by Web3.0, decentralized funding tools such as cryptocurrencies and artificial intelligence form the basis of the meta universe.

There are two different future projections for the functional metaverse. The first is a future where different meta-universes are connected to each other, where each user creates their own meta-universe, and the other is a single-universe model where users make their own designs at different points in a single meta-universe.

Metaverse and Multi-Metaverse

Advantages and Disadvantages

  • The existence of a single universe facilitates the integration of different concepts. It provides easy transition between thematic universes for users.
  • Since the existence of a single universe requires a lot of collaborative work, it is a more difficult model for companies and individuals to develop, especially due to data privacy.
  • In the multiverse model, when each user enters a meta-universe, he may have trouble transferring his avatar to other universes.
  • The existence of a single universe will require a lot of protocols and standards, but it is more advantageous in terms of user convenience.
  • If there is a multiverse, each universe will have its own standards and rules, so it will be difficult for users to be included in the possible metaverse.

Questions Answered by the Blog:

  • Is the Metaverse a single virtual universe?
  • What is Multi-Metaverse?
  • What are the advantages and disadvantages of the multi-meta universe?
Genel Web 3.0 and Metaverse

What Is Metaverse

What is metaverse? – Metaverse is a hypothetical part of the new generation internet as a reflection of the real world, which is generally accessed by the use of virtual reality (VR) and augmented reality (AR) headsets, especially in futurism and science fiction, or as a virtual world built entirely on design.

Metaverse, which provides its users with privileges and environment that does not exist in the real world, also aims to make the interpersonal aspect of communication one-to-one, just like in the real world, by removing the restrictions on communication in the virtual environment.

Where Did the Term Metaverse Come From?

The term “metaverse” originated as a combination of the words “meta” and “universe” in the 1992 science fiction novel Snow Crash. Metaverse is particularly associated with advancing virtual reality technology, as it aims for an absolute virtual reality experience.

Web 3.0 and Metaverse

The decentralized internet offered by Web3.0 is one of the requirements for working in the metaverse. The free development environment created by the decentralized internet is one of the keys to spreading the future projects such as the metaverse to the general audience. It provides the opportunity for anyone with access to the Internet to become a metaverse developer if they wish.

One of the possibilities provided by the decentralized internet will be to prevent the monopolization of a possible metaverse universe. A virtual universe that provides equal rights to every user is the desire of the general user and the necessity of the age. Blockchain technology that comes with cryptocurrencies, and the economy’s coverage of everyone involved in the system are important features that ensure the future of the metaverse has solid foundations.

Especially the financial innovations that come with Web3.0 provide freedom in terms of funding metaverse-based projects, accelerating investments in this field and bringing the future that includes metaverse even closer.

what is metaverse

Metaverse Technology

Appropriate access to the Metaverse universe requires internet access points, general purpose computers and smartphones, augmented reality, mixed reality, and virtual reality technologies.


Commitment to VR technology limits metaverse developments and large-scale adoption. The need to balance the cost and design of portable hardware causes a lack of high-quality graphics and mobility. Lightweight wireless VR systems are insufficient to achieve the retina display pixel density required for visual immersion (smooth transition to the metaverse), while higher-performance models often require cables and are much larger and difficult to transport.


A standardized specification for Metaverse integrations has not been widely adopted and current integrations are based on legacy proprietary technology. But we can say that, the integration between metaverses, NFTs and crypto currency platforms mostly performed with crypto wallet integrations. Interoperability is a major concern for Metaverse-focused developments due to transparency and privacy issues.

Questions answered by the blog – What is Metaverse?:

  • What is Metaverse?
  • How did the term metaverse originate?
  • What is the purpose of Metaverse?
  • What is the connection between Web3.0 and Metaverse?
Genel Web 3.0 and Metaverse

What Is Web 3.0

The Internet has become a big part of human life today. We do most of our work online. Many of us use the internet for shopping, work, education and leisure. So what is web 3.0? Let’s have a look.

In line with this widespread use, the web we call the internet network is gradually developing and evolving. In the late 1980s, the web we know as Web 1.0 emerged and had fewer users. We have been using Web 2.0, known as the interactive internet, for over 20 years. The future of the internet, which is eagerly awaited, has been constantly on the agenda lately thanks to Web 3.0, cryptocurrencies and blockchain technology.

What is Web 3.0?

Web 3.0 is the next generation of internet services for websites and applications that focus on using a machine-based understanding of data to create a data-driven web. The goal of Web 3.0 is to create smarter, interconnected and open websites.

It is difficult to define Web 3.0 fully because it has not yet been implemented in an efficient and effective way. For this reason, it is predicted that the transition from today’s internet networks to Web 3.0 will only take place in more than a decade. Technologies such as smart home appliances and the internet of things (IoT) using currently developed wireless networks are actually good examples of how Web 3.0 is already affecting technology.

What are the features of Web 3.0?

Web 3.0 can be built on the basis of artificial intelligence (AI), taking into account the semantic web and the standard features used today. The idea behind using AI in Web 3.0 is based on the goal of providing faster and more useful data to end users. A website using artificial intelligence should be able to filter and deliver data that it thinks a particular user will find appropriate.

Social bookmarks are websites whose results are voted on by users, so today’s browsers can provide better results. However, since these results can be manipulated by humans, artificial intelligence can be used to distinguish legitimate results from falsified ones.

The idea of ​​the semantic web, on the other hand, is based on separating and storing information in a way that helps teach a system what data means. In other words, a website should be able to detect keywords added to search queries like a human and help improve the content.

Technologies such as micro-formats, data mining, natural language search and machine learning are among the features that will create these features. Web 3.0 will also focus more on peer-to-peer (P2P) technologies such as blockchain, while other technologies such as open APIs, data formats and open source software will be used when developing Web 3.0 applications.

what is web 3.0

What are the differences between Web 3.0 and Web 2.0?

Web 2.0 brought websites and applications that use human-created content into our lives. Web 2.0, which is used in many websites today, focuses on user interaction and collaboration. Web 2.0 also aims to provide more global networking and communication channels. The difference between Web 2.0 and 3.0 is that Web 3.0 aims to provide relevant content for each user, rather than just content provided by other end users, with technologies such as machine learning and artificial intelligence. While Web 2.0 essentially allows users to contribute and sometimes collaborate on site content, Web 3.0 likely delegates these tasks to semantic web and artificial intelligence technologies, allowing the tasks of making sense of site contents and information to be greatly automated.

Questions answered by the blog:

  • What is web 3.0 ?
  • What are the features of Web 3?
  • What are the differences between Web 3.0 and Web 2.0?
Crypto and Coins Genel

About Hardware Wallet

Wallet recommended by its users: Hardware Wallet.

If you are into the crypto market, you should know that you need a wallet for your coins before you start this business. Although it is a fact that there are many wallets online for this, today we will talk about another wallet. Hardware wallet, or cold wallet in colloquial language.

So what are the differences between Hardware Wallet (Cold Wallet) and online wallet?

First of all, the biggest feature that distinguishes hardware wallet from other online wallets is that your coins are stored offline and keep them completely safe. This means that it is closed to cyber attacks and hacking situations are eliminated. As a result, we can easily say that users with high volumes of coins prevent them from losing their sleep. On the other hand, you can log your wallet into the system whenever you want.

Does Hardware Wallet (Cold Wallet) have any disadvantages?

Any cyber attack is not possible on your hardware wallet (cold wallet) when it is disconnected. But remember, after all, we are talking about a physical wallet. In other words, if it is stolen or you lose your wallet, you will not be able to access your wallet, so its responsibility is quite large. But as long as you know your responsibility, your assets will be safe.

hardware wallet cold wallet

How to get Hardware Wallet?

Most hardware wallets (cold wallets) come similar to a USB stick. Apart from this, there are also crypto cold wallets that look like a phone to a credit card. You can buy these devices from reliable online shopping sites.

So why do we keep coins in Hardware wallets and not in online wallets?

First of all, your Crypto wallet is like your bank account that stores your private key and public address. Now, when we look at online wallets, it is true that the coin flow is very fast, but when we keep large amounts of coins in online wallets, the risk of cyber attack is very high. Since users are aware of this, they prefer hardware wallets to store their large amounts of coins. However, they also keep a small amount in their online wallets. In short, it is an undeniable fact that hardware wallet is a great boon for long-term investors, as it is much more secure than online wallets.

Questions Answered by the Blog:

  • What distinguishes Hardware Wallet from other online wallets?
  • Does Hardware Wallet (cold wallet) have any disadvantages?
  • So why do we keep coins in Hardware wallets and not in online wallets?
  • Why do we keep coins in Hardware wallets and not online wallets?
  • How to get Hardware Wallet?
Genel Crypto and Coins

What Is AltCoin?

What is Altcoin?

Altcoins, known as alternative coins, are actually all coins other than Bitcoin. This is how other cryptocurrencies are qualified to be excluded from Bitcoin.

Namecoin was the first altcoin that emerged after the success of Bitcoin was talked about around the world.

Bitcoin’s use, purpose, has been an inspiration, a guide for all other altcoins. That’s why most altcoins tend to imitate Bitcoin.

However, with the diversification of investments with the expansion of the Crypto money ecosystem, it seems that the Altcoin exchange will become a little more independent from the Bitcoin exchange.

Why is it called Altcoin?

All coins except Bitcoin are called altcoins. Since Bitcoin is the first original cryptocurrency, it has been accepted as an alternative to other coins. Altcoin is a combination of the words “alt” and “coin”.

How Did Altcoin Emerge?

The reason for the emergence of alt coins is to grow the sector and to put forward competition. Coin mining is easier in Altcoins than Bitcoin. The market has been revived with the issued Altcoins. Special altcoins have been developed to transfer money faster.

Invest in Altcoin?

The spikes in the prices of altcoins undoubtedly attract everyone’s attention. It is a fact that these coins may provide high profits. However, the risks are also very high.

For example, Dogecoin. The gains this altcoin brought to users in January 2021 made Dogecoin viral among Altcoins. But this rapid popularity can lead to equally rapid discredit.

If you want to make an investment in altcoins that will pay off in the long run, it may be in your best interest not to get involved with cryptocurrencies that are experiencing sudden popularity.

what is altcoin

Certain Cryptocurrency Concepts for Beginners

Although we know certain things about crypto money, we may need to know certain concepts with crypto money as we get involved. Let’s examine these concepts together.


The concept of address in digital currency is basically the destination where the user sends or receives the currency. You can think of it as a kind of IBAN address.


Other cryptocurrencies other than Bitcoin are alternatives to Bitcoin (altcoins). For example, Ethereum (ETH), Ripple (XRP), Chiliz (CHZ) are altcoins.


Many digital currencies make use of blocks that they have confirmed and then put together. Each block is added to the blockchain through mining.


It is the name given to the change made in the rules or protocols of the digital currency.

Questions Answered by the Blog:

  • What is Altcoin?
  • Why is it called Altcoin?
  • Invest in Altcoin?
  • How Did Altcoin Emerge?
  • What Are Certain Cryptocurrency Concepts For Beginners?
Crypto and Coins Genel

What Is Bitcoin?

what is bitcoin

Crypto Currencies’ Primary Star Bitcoin

Bitcoin is a decentralized currency that pioneered all cryptocurrencies. It is an open code. It is defined by encrypted anonymous code that is difficult to decipher. It provides a secure environment between transactions as it uses P2P (peer to peer) technology.We will examine Bitcoin, the money known to everyone who does not deal with cryptocurrencies.

What is Bitcoin?

It is the world’s first widely accepted crypto currency. Using Bitcoin, people can securely transfer money over the internet. This coin, which has inspired other altcoins, is considered the ancestor of other coins. Bitcoin is known as the money of the internet. It provides a faster transfer without using payment processors compared to centralized currencies such as Dollar, Euro, Banks etc.. It also allows users to have maximum control over their assets.

Bitcoin History

After the 2008 crisis, Bitcoin-related articles were written by a pseudonymous person or people named Satoshi Nakatomo. Thus, in 2009, Bitcoin, the first decentralized currency, began to be used as a public network. However, since it was the first cryptocurrency issued, “1. It has been called the “Generation Blockchain”. Thanks to its distributed structure, it started to rise against today’s financial order in a very short time.

It’s decentralization also enabled it to be used as a crime tool. Silk Road site, one of the most extraordinary situations of the internet world, took advantage of the fact that Bitcoin could not be tracked and various illegal sales were carried out. However, the US government has seized tens of thousands of Bitcoins. Based on this situation, the Chinese government has banned the use of Bitcoin. But still, Bitcoin has not compromised on its popularity.

what is bitcoin and bitcoin price history

Bitcoin Price History

1. When Bitcoin first came out, that is, in 2009, the value of Bitcoin was $0.000763924433.

2. Its highest value in 2010 was $0.49.

3. In 2011, it was progressing slowly but surely. The highest value was $35

4. In 2012, it experienced a decrease compared to the previous year. The highest value was $ 15.40.

5. In 2013, the highest value was $1,151.00.

6. When we entered 2014, the highest Bitcoin price was $934.21.

7. In 2015, Bitcoin price started to decline. The highest was $461.16.

8. In 2016, the price of Bitcoin was remembered as $ 967.48 for a while.

9. In 2017, there was a butterfly effect for Bitcoin. The highest value was $19,498.68.

10. There was no increase in 2018 compared to the previous year. The highest value was $17,319.19.

11. In 2019, the highest value was $12,686.39.

12. Bitcoin broke the record with $ 28,856.59, the highest value so far in 2020.

13. Its highest value in 2021 was $61,195.3.

14. Although at the times this article was written, 2022 is still not over, the highest value it has seen so far this year is $45,548.

What is the Purpose of Bitcoin?

Actually, the answer to this question is very simple. The mission of Bitcoin, which is currently used in certain things, is to be the currency of choice for all online payments. Moreover, its decentralization, without going through any financial institution, direct seller-buyer relationship, worldwide money transfers are much faster, making its current popularity and future bright. Also, having a public ledger, transparency of all transactions is the main source of trust between users and Bitcoin.

Can Bitcoin Be Used Maliciously?

It is very clear that Bitcoin will be a crime machine in the wrong hands. It is a very common currency to be used in money laundering, especially where the untraceability of money is known. But this can happen with most digital currencies. The illegal business, most commonly known as the Dark Net, where sales are made and the use of Bitcoin as the currency of these sales, “I wonder if it can be used in bad faith?” It gives us the answer to the question.

Questions Answered by the Blog:

  • What is Bitcoin?
  • Bitcoin’s History
  • Bitcoin’s Price History
  • Why Is Cryptocurrency Banned In The Chinese Government?
  • What is the Purpose of Bitcoin?
  • Can Bitcoin Be Used Maliciously?
  • Who Founded Bitcoin?