Prasanna Kotamraju has Published 160 Articles

What is the Difference Between a Block chain and a Database?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

101 Views

The difference between a Block chain and a traditional database begins with architecture, creation, access, and permissions. They differ in each and every aspect except that they both are huge repositories of data which is stored and accessed in an organised form, digitally.DatabaseThis runs on a client-server network, where there ... Read More

What is the difference between Proof of Work and Proof of Stake?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

172 Views

Bitcoin is the first and foremost cryptocurrency ever created. It is the digital currency which is created, used and maintained electronically. The transactions of a digital coin are written in Blocks and maintained in the Block Chain, which is a distributed, transparent and digital ledger.During the process of mining the ... Read More

How to spend Bitcoin?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

98 Views

The concept behind the inception of Bitcoin and Block chain was to introduce the world to a network and currency that bring a Distributed network and currency which is transparent and easy to use across multiple platforms. It brought about a radical change to the way we shop and add ... Read More

How do you earn bitcoins?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

108 Views

Bitcoin is the latest buzz in the world of digital currency at the moment and those who see its significance from a permissive outlook, they go for it because they know it that through this magical currency they can make money faster and become rich. Well, I am sorry to ... Read More

How can you get XRP?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

75 Views

Inspired by Bitcoin many altcoins have come into the digital world. Ripple is a technology which acts both as a digital payment network for financial transactions and also as cryptocurrency labelled as XRP. Ripple was founded by Chris Larsen and Jed Mc Caleb in 2012.Ripple works as a real-time gross ... Read More

How to use Bitcoins as Traditional Currency?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

45 Views

The bitcoin craze is gradually taking a leap now and the investors are optimistic about its growth and increased value in the coming future. However, the stability of bitcoin currency is still a big concern for everyone. Nonetheless, people are mining bitcoins, getting them exchanged and also dealing in them. ... Read More

What is Bitcoin’s Lightning Network?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

47 Views

Ever since Bitcoin came into existence in 2008, scalability has been one of the important drawbacks. Well, let us understand what is the scalability. Bitcoin is capable of processing around 7 transactions per second, when compared to 24, 000 transactions per second by Visa. Given the magnitude of increase in ... Read More

Is Bitcoin legal in India?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:26

104 Views

Cryptocurrency is not a traditional currency as well as you cannot even get it through a traditional method; this makes it a completely different asset than the rest. Thus, its legality puts it under the dark clouds of doubt. Thus, the question leaves a number of investors and other crypto ... Read More

What are the popular Crypto Currencies in circulation?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:25

74 Views

Bitcoin, invented by Satoshi Nakamoto in 2008 has ushered new waves in the field of cryptocurrencies. Inspired by Bitcoins and decentralized peer-to-peer network, there are many digital currencies that came into the world to change the global economy.Let us first understand what is a cryptocurrency? Cryptocurrencies are the digital currencies ... Read More

How to Trade your cryptocurrency?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:25

75 Views

When you talk about trading of Cryptocurrency, the following transactions will come under that category.Buying new cryptocurrency using your fiat currencySelling your cryptocurrency for fiat currencyExchanging one type of cryptocurrency for another digital currencyTo make these transactions, there are Cryptocurrency Exchanges.If you just want to make the occasional, straightforward trade, ... Read More

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