This article will examine how blockchain technology works, its purpose, and potential risks. Introduction: What is Bitcoin? Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Bitcoin is often targeted for its use in illegal transactions, high power …
Let us continue our crash course in blockchain technology concepts and terms! Overview: Ethereum | Smart Contracts | ERC20 | ERC721 | NFT | Tokenomics Introduction: What is Ethereum? Ethereum is a decentralized platform that runs smart contracts. Smart contracts are applications that run exactly as programmed with no downtime. Ethereum is an open-source, public blockchain-based …
The Intro Guide to Ethereum, Smart Contracts, NFT & Tokenomics Read More »
What is cryptocurrency? Cryptocurrency is a digital currency designed to work as a medium of exchange. It is a type of currency that relies on cryptography to control its creation and management. Cryptocurrency is not tangible, and it only exists in the form of data. It can be transferred from person to person without the …
Introduction: What is Cryptocurrency Mining? Cryptocurrency mining is the process of adding new transactions to the blockchain. The Bitcoin protocol is designed to create new Bitcoins at a fixed supply of 21 million total. It is estimated that the last Bitcoin is going to be mined in the year 2140. Currently, 19 Million Bitcoin have been …
