How many bitcoins are there and how many are left to mine?
Bitcoin has gone a long way since its debut in 2009. However, what has stayed consistent is its hard limit, which was imposed by Satoshi Nakamoto, the alleged creator whose true identity is unknown. In the source code, Nakamoto set the upper limit of 21 million Bitcoins, implying that no more can be mined or…
Giant Block to establish Open-Source Bitcoin Mining System
Globally recognized payment settlement service providing firm, Block is gearing up to create a powerful, robust, and open bitcoin mining system for the ecosystem. The news was circulated in the media via an official Twitter post by Block’s general manager for hardware, Thomas Templeton. However, the news spread like a wildfire when Block’s founder and…
Know About New Legalized Regulations for Bitcoin Mining in Venezuela
In this article, we will focus on new legalized regulations for Bitcoin Mining Venezuela territory. We will throw some light on what is Bitcoin mining and how to become a pro in the Bitcoin space. Table of Content What is Bitcoin Mining? New Legalized Bitcoin Mining in Venezuela How to Become a Certified…
How To Get Started With Bitcoin Mining?
Bitcoin and other cryptocurrencies have received a lot of media attention over the course of the last year due to the astronomical rise in prices in the cryptocurrency markets. This has led a lot of young investors to invest in cryptocurrencies and look at other ways to acquire the various digital currencies. Bitcoin (and other…
What is the COCO framework? How is Ripple different from Bitcoin?
Microsoft has released the Confidential Consortium, also called the COCO framework to make the Ethereum or Bitcoin blockchain actually usable for businesses. The COCO Framework brings a much-needed scalability upgrade to Ethereum and boasts of handling more than 1000+ transactions per second. Therefore, the COCO framework combined with the Ethereum blockchain provides a secure and…
How Does Bitcoin Mining Work and Why is it Done?
The Bitcoin protocol is a very sophisticated mechanism for processing transactions in a decentralized fashion. Eliminating the middlemen in a transaction helps in giving more control to the individuals regarding how they want to manage their wealth. Mining is a central part of the Bitcoin ecosystem which could also seem somewhat complicated at first. Here…
How does Bitcoin Money Laundering work?
Despite the dozens of benefits that Bitcoins and the Blockchain Technology have to offer compared to the traditional banking system, there is a risk that Bitcoins can be used for money laundering. This is because Bitcoins are not linked to a person’s identity and only depend on the private key connected to the Bitcoin account….
How Does Blockchain Use Public Key Cryptography?
Asymmetric cryptography or public cryptography is an essential component of cryptocurrencies like Bitcoin and Ethereum. These advanced cryptographic techniques ensure that the source of transactions is legitimate and that hackers can not steal a users funds. Here’s an in-depth look at how blockchains accomplish this with public key cryptography: What is Public Key Cryptography? Public…
Blockchain Predictions for 2018
Every investing related website and tv program has found a new favorite in the world of cryptocurrencies. With new investors anxious to enter the market to join the internet money revolution, 2018 looks like it could be the year the cryptocurrencies finally become mainstream. 2017 was an immensely successful year for cryptocurrencies which saw the…
Blockchain Predictions for 2018
Every investing related website and tv program has found a new favorite in the world of cryptocurrencies. With new investors anxious to enter the market to join the internet money revolution, 2018 looks like it could be the year the cryptocurrencies finally become mainstream. 2017 was an immensely successful year for cryptocurrencies which saw the…
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