Month: January 2019
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 … Read More
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, … Read More
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? … Read More
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 … Read More
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 … Read More
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 … Read More
HOW TO BUY CRYPTOCURRENCY
So you’re ready to buy some cryptocurrency. Maybe you’ve been reading up on blockchain technology and you’re convinced it really is the future. Or maybe you watched a friend get rich off Bitcoin and you’re still kicking yourself for not doing the same. There are multiple ways and multiple places … Read More
WHAT IS CRYPTOCURRENCY MINING
Blockchain technology is based on the peer-to-peer distributed network with no central authority figure, where each peer or node gives a contribution to maintaining the net safe. It is an architectural change because there is no more a central system that preserves all data but we have distributed peers which … Read More
WHAT IS CRYPTOCURRENCY?
To give an ultimate definition of cryptocurrency, it is worth to go through background of what is money and what are origins of all currencies. Origin of money. The invention of money was a revolutionary milestone made by ancient humans that has helped the development of civilization – quite some … Read More
