CRYPTOCURRENCY MINING HARDWARE EVOLUTION
Cryptocurrency Mining is at the heart of the distributed consensus algorithm, which enforces the consistency of transactions. Cryptocurrency first mining equipment has been developed by a wide range of enthusiasts, ranging from entrepreneurs to technology enthusiasts to emerging entrepreneurs. Over the years, mining has been consolidated and is now operating…
WHAT IS ‘PROOF OF WORK’
Cryptocurrencies use distributed ledgers-blockchains to record transaction data, a critical process for the whole system to work is reaching a collective agreement-consensus on the content of the ledger. How this consensus is achieved impacts the security and economic parameters of the protocol. A blockchain is a linked list of blocks,…
WHAT IS BLOCKCHAIN
If you have access to the internet, it is highly unlikely that you have never come across of the term ‘blockchain’ before, even with the rapid growth of cryptocurrencies, not a lot of people understand how the blockchain technology works or its various potential uses. What is the blockchain technology?…
WHAT ARE CRYPTO DEBIT CARDS
Its been decade now since the first cryptocurrency came into light with the aim of changing the world for better in terms of financial freedom, governance, businesses processes, and lifestyle. Cryptocurrencies are becoming more and more popular as a number of merchants accepting crypto payments grow. However, still it is…
WHAT IS CRYPTO WALLET
A crypto wallet enables storing, sending and receiving cryptocurrencies, some wallets can be used to store multiple tokens and coins at once – however, most wallets will only support a limited number of cryptocurrencies. Wallets are used to store something known as private keys: long hexadecimal codes known only to…
HOW TO STORE CRYPTOCURRENCY.
One of the challenges most people come across when getting into cryptocurrency space is the dilemma of how to safely store all acquired cryptocurrency. There are lots of different options for storage, each with its own advantages and disadvantages, with the major trade-off being between the level of security and…
