Found 43 Articles for Cryptocurrency

Already own bitcoins but want either just exchange with some conventional currency or simply get rid of them considering them mere a bubble of widening hype. However, it is not as easy as buying them. Got lines of stress on your forehead? Do not worry! Here is the complete guide for your easy comprehension of the entire process −There are two ways to sell your bitcoins −ExchangesDirect TradeExchange Although, this carries a number of disadvantages yet exchanges appear to be one of the major solutions if you want cash out of the selling of your crypto. These exchanges play the role ... Read More

This might fall upon like a shock on those who think that only cash can be transact from an ATM. In this era of crypto and digital currency, things have taken a leap now. Thanks to technology! As of April 2019, there are more than 4, 518 bitcoin ATMs across the globe, the number is constantly on the surge, and so is the miners considering the fascination for this currency.However, the thought of getting them cash out leave many miners baffled; however, this read has been created to clear the air about all the doubts you have.The Functionality of Bitcoin ... Read More

Ethereum Mining GuideEthereum Blockchain BasicsAs we all know, cryptocurrency mining is a process of solving complicated mathematical puzzles and miners play a crucial role in any cryptocurrency network as they spend their time and computing power to puzzle out those math problems, giving a ‘proof of work’ for the network, which verifies Ether transactions. Other than this, miners are responsible for making new Ether tokens through this process. This way, they get rewards in Ether for successfully completing a proof of work task.The more miners join the group, the puzzles automatically turn out more difficult to solve. This leads to ... Read More

From a connoisseur to a novice who deal in Bitcoin have a number of questions in terms of the security of this currency. However, they should not be worried because crypto is securer than existing currencies, banks, and other financial institutes.Thanks to Blockchain technology, which is backing it. Transactions are recorded in public, distributed ledger turn it more transparent and makes it even harder to temper it.However, cryptocurrency transactions and Blockchain ledgers do have a few security flaws, but they are not essentially the fault of the underlying technology. The structure of Bitcoin and its Blockchain means there are facets ... Read More

Before we talk about Ethereum let us first understand the concept of Decentralized network of Bitcoin which laid the foundation for the following Decentralized networks. Bitcoin digital currency was invented by Satoshi Nakamoto in 2009 as using a decentralized and transparent network.Bitcoin uses Cryptography + Proof of work + Decentralized network architecture together. The algorithm of Bitcoins is written in “Turing Incomplete” language, which understands only a limited set of orders like, who has sent the money, how much and who received it.While Bitcoin aims to remove a centralized authority to create the currency, Ethereum uses the Block Chain to ... Read More

Cryptocurrency is entirely dependent on Block Chains to maintain their transactions. A block is like a page of a ledger book where some transactions are written in ink, permanent which cannot be altered. A block typically consists of transactions of bitcoin or any other cryptocurrency and the details of transactions - who has sent, who has received, timestamp and previous blocks information to link it to the Block chain. This information is passed through a hashing algorithm like SHA 256 and creates a 32-bit hash value. This hash value is irreversible.Thus a block is a permanent store of records, which ... Read More

Block Chain is the most important component of any cryptocurrency network. Cryptocurrency is based on distributed, transparent public ledger where all the transactions ever made on a cryptocurrency are noted in the blocks and added to the block chain. Miners get attractive rewards to verify and create a new block and add it successfully to the Block Chain.Here comes the twist. There will be some blocks which are created, but not accepted by the block chain network. There are called Orphan Blocks. Orphan blocks are verified and valid blocks, but not accepted by the block chain network due to a ... Read More

Cryptocurrency like Bitcoin uses the Block chain as a decentralized, distributed, public digital ledger that records all the transactions of the Bitcoin. Block Chain has a unique feature of storing the value of previous block as a hash value in the current block, which makes it impossible to alter any block without changing all the subsequent blocks.The miners create a block and verify it and will be rewarded for using their CPU power to do so. The block which gets more than 50% consensus will be added to the block chain. During the verification of Block, the miners will complete ... Read More

Satoshi Nakamoto created Bitcoin in 2008, and he made the network very strong as a distributed, peer to peer model which is maintained without any intermediaries. Since then many digital currencies are created, which follow the same system where all nodes are sharing same information (same copy of Block chain) and any node can communicate with any other node safely across the network, knowing that they are displaying same data.Byzantine Fault Tolerance (BFT) is one of the most difficult challenges faced by the Block chain technology. All the participants of the cryptocurrency network need to agree, or give consensus regularly ... Read More

When Satoshi Nakamoto came up with the Bitcoin, in his introductory post he described Bitcoin as“I’ve developed a new open source P2P e-cash system Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. With e-currency based on cryptographic proof […] money can be secure and transactions effortless.”Now, over 100, 000 merchants all over the world accept Bitcoin for the transactions. Here are some examples −You can use Bitcoin to buy games, movies and apps in the Windows and Xbox stores of Microsoft. Microsoft started accepting Bitcoins since 2014.Starbucks ... Read More