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Cryptocurrency Technology Beginner

How Blockchain Works?

Reading Time: 4 minutes Hailed as a potential game changer in the financial industry, blockchain is the technology that ensures the security of cryptocurrency transactions. In this article, we’ll go over how blockchain works and how it protects your cryptocurrency…
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Cryptocurrency Technology Advanced

What is Hashrate?

Reading Time: 5 minutes If you’re starting to dive deeper into Bitcoin mining, you’ve probably heard the term hash rate a lot. Hashrate is an important component in keeping Bitcoin safe. Hashrate shows how many computations the hash algorithm can process per…
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Bitcoin Cryptocurrency Technology Intermediate

51% Attack on Blockchains Explained: How Does It Work?

Reading Time: 3 minutes Bitcoin is superior to fiat currencies or government-issued currencies because of its blockchain technology. Blockchain is a digital ledger, whose data cannot be changed, ensuring double-spending or transactions using the same bitcoin more than once do…
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Bitcoin Cryptocurrency Technology Intermediate

Is Bitcoin Mining Bad for the Environment?

Reading Time: 4 minutesBitcoin’s high energy consumption often sparks debate about the importance of efficiency efforts in the bitcoin mining process. According to data from the Cambridge Center for Alternative Finance (CCAF), Bitcoin currently consumes around 110 Terawatt Hours per…
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Bitcoin Intermediate BTC

Bitcoin Improvement Proposal: Explanation & How It Works

Reading Time: 4 minutesAs the first decentralized currency, Bitcoin is designed as open-source software. Therefore, the actual Bitcoin program can be updated and changed. Anyone can propose changes or new ideas as long as they are generally agreed upon by…