CoinMENA University

On August 15th, 1971, President Richard Nixon announced his new economic program “creating prosperity without war” and the aftereffects of these policies have been referred to as the “Nixon Shock”.

Fractional reserve banking is a system in which banks are only required to have a fraction of bank deposits from their customers backed by actual cash on hand or available for withdrawal.

Understanding the differences between Bitcoin, stablecoins, and altcoins is essential for navigating the cryptocurrency landscape.

On January 3, 2009, a pseudonymous genius named Satoshi Nakamoto officially invented Bitcoin. Whoever this mystery person or group is, they managed to create the world's first cryptocurrency that would soon change everything as we know it.

Imagine money that functions without rulers, without central banks or governments dictating its creation or control. That's the revolutionary essence of Bitcoin – a system where the rules, not the rulers, reign supreme.

No one knows who created Bitcoin, there is no company behind it, and there is not a single entity or person in charge of marketing it, yet today at the time of writing this blog, it is worth over 1 trillion dollars!

Gold has been the preferred store of value commodity for centuries. The main reason for this is scarcity, the more scarce something is, the higher its value.

Unlike traditional cryptocurrencies, which can experience significant price fluctuations, fiat-collateralized stablecoins offer a stable value, making them a reliable medium of exchange and store of value.

In the world of cryptocurrencies, Bitcoin stands as a pioneering beacon, a revolutionary creation that has transformed our understanding of money and value.