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Prasanna Kotamraju has Published 160 Articles
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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
Prasanna Kotamraju
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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