Bitcoin Cash Vs. Ethereum : Major Points of Distinction
In the recent past, Bitcoin is regarded as one of the most incredible technological innovations. As it faced a lot of criticism and debates owing to its issues of scalability and performance, Bitcoin gave birth to Bitcoin Cash on 1 August 2017. In the simplest of terms, Bitcoin Cash is a cryptocurrency. It was developed…
Why is India banning Bitcoin but adopting Blockchain?
The new bill is here, and we have some great transformations in it. One of it is the ban on the cryptocurrency. As per Arun Jaitley, the Finance Minister, all forms of cryptocurrency have been banned. It’s not only India that has done this, but there are also many nations which are following the suit,…
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…
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