Prasanna Kotamraju has Published 160 Articles

What happens to Bitcoin after all the 21 Million Coins are mined?

Prasanna Kotamraju

Prasanna Kotamraju

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

42 Views

Bitcoins are created by Satoshi Nakamoto, in 2008 whose identity is still a mystery, whether it is one person or a group of persons. Satoshi Nakamoto proposed Bitcoin as a means of exchange, independent and secure and also a limited number.Now the question comes, Why limited supply?The most important feature ... Read More

Can you use Bitcoin to buy things in Retail Market?

Prasanna Kotamraju

Prasanna Kotamraju

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

65 Views

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 ... Read More

The 51% Attack

Prasanna Kotamraju

Prasanna Kotamraju

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

144 Views

The 51% attack refers to an attack on the block chain network, deceiving the miners with a duplicate block chain which has more than 50% acceptance and spending the same bitcoins again.To put it in simple words, a single miner or a pool of miners controlling more than 50 (say ... Read More

How does cloud mining Bitcoin Work?

Prasanna Kotamraju

Prasanna Kotamraju

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

90 Views

We know about Bitcoin mining … and how you can earn reward of 12.5 Bitcoins for every mathematical algorithm solved. The more number of miners join the network, the faster the puzzles get solved, the tougher the algorithms become. Though there is a large potential in Cryptocurrency to earn money, ... Read More

What are Blocks in a Block Chain?

Prasanna Kotamraju

Prasanna Kotamraju

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

226 Views

Bitcoins or any other cryptocurrency for that matter, trade at different values. These values are based on supply and demand and most importantly on speculation. The Block chain is the chain of block that stores the information of the transactions of a Bitcoin. Satoshi Nakamoto created the first block in ... Read More

What are Hash Functions in block chain?

Prasanna Kotamraju

Prasanna Kotamraju

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

267 Views

We know that bitcoins enter into the digital market only through mining. It is a cryptocurrency created as a peer-to-peer currency which can be traded without using any Bank or Payment gateway. When these transactions are made, they are accounted for using a publicly distributed ledger which keeps a record ... Read More

What is a Litecoin?

Prasanna Kotamraju

Prasanna Kotamraju

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

120 Views

Just like our fiat currency, we have dozens of cryptocurrencies which are ruling the digital world now. Litecoin is created based on an open source cryptographic protocol and was started in October 2011 as an early bitcoin spinoff. It is a decentralized money, free from censorship and used to send ... Read More

What is Bitcoin Mining?

Prasanna Kotamraju

Prasanna Kotamraju

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

199 Views

What is a Bitcoin?Bitcoin is an electronic payment system through a secure, verifiable and mathematical way. It is created by Satoshi Nakamoto in 2008 to produce a new means of exchange of money, independent of any centralization or central authority, which can be done electronically.Traditional currency is printed and distributed ... Read More

What is the best Bitcoin Mobile Wallet?

Prasanna Kotamraju

Prasanna Kotamraju

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

52 Views

Bitcoin wallets come on different platforms with different features. There is not “one size fits all” concept.Bitcoin wallet can be set up electronically either on your mobile or desktop. It is an application or a program which allows you to send or receive Bitcoin cash, and keep track of your ... Read More

Why do people donate for social causes?

Prasanna Kotamraju

Prasanna Kotamraju

Updated on 30-Jul-2019 22:30:24

229 Views

IntroductionSocial causes are basically different types of social issues or problems faced by people living in a country. In India, we have a number of pressing issues that engulf the lives of people in different sections of the society. These problems are often complex and a number of factors are ... Read More

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