Questions and Answers about
Bitcoin
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in TechnologyWhat are Ordinals?
Answer: Ordinals are the latest type of NFTs that are based on Bitcoin and stored directly on the blockchain. They were introduced in January 2023 after an upgrade enabled more data storage capacity for each satoshi (the smallest unit of bitcoin). Unlike other NFTs that rely on external platforms, Ordinals cannot be altered or deleted…
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in PlacesWhich country is planning a city with no property, income, or municipal taxes and zero carbon dioxide emissions?
Answer: El Salvador President Nayib Bukele announced Nov. 20, 2021, that his government would build an oceanside “Bitcoin City” at the base of the Conchagua volcano – with no property, income, or municipal taxes and zero carbon dioxide emissions. More answers inside!
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in BusinessBitcoin is the biggest cryptocurrency by market value. What is the second?
Answer: Ether, the second-biggest cryptocurrency by market value, hit $4,842 on Tuesday, Nov. 9, 2021, while Bitcoin rose as high as $68,564. Since June, both have more than doubled and added nearly 70% against the dollar since the start of Oct. 2021.
