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…
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….
What is the Best Strategy to Invest in Blockchain Technology?
The last couple months have seen an unprecedented level of interest in Blockchain Technology thanks to the multifold returns that many cryptocurrencies have seen in 2017. Investors are eager to be part of the Web 2.0 infrastructure that is being referred to as the “Internet of Money.” However, as with any other investment vehicle, cryptocurrency…
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…
What is the best open source option for a Bitcoin exchange?
The buzz around Bitcoin doesn’t seem to be taking a halt. If you want to get into digital currency, the first step is to buy it. When we are talking about digital currencies then, Bitcoin is the pioneer and is the most popular one. The coin came into existence in the year 2008. Despite being…
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