Prasanna Kotamraju has Published 61 Articles

What are the popular Crypto Currencies in circulation?

Prasanna Kotamraju

Prasanna Kotamraju

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

216 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

158 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

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

Prasanna Kotamraju

Prasanna Kotamraju

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

135 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

The 51% Attack

Prasanna Kotamraju

Prasanna Kotamraju

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

233 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

170 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

421 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

419 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

236 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

346 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

137 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

Advertisements