Category: Education

Explaining Hash Rate Or Hash Power In Cryptocurrencies

If you are new to the world of cryptocurrencies, I guess you would have heard this number of times that Bitcoin’s hash rate, also referred to as hash power, has increased or come down. Does the term make you wonder what it actually means? I actually used to wonder in my initial days as to what ...

What is the Bitcoin “Lightning Network?”

Bitcoin developers and users alike have been looking for a solution to the ongoing problems that have resulted from the rapidly growing interest and demand for the cryptocurrency. August 24, 2017 was seen as a big day for Bitcoin; it was on this day that SegWit was implemented on the Bitcoin network. SegWit is a protocol which will allow ...

NASA Begins Research On Ethereum Blockchain Technology

The National Aeronautics and Space Administration (NASA) and Researcher at the University of Akron (UA) are researching on using Ethereum Blockchain Technology to enhance space communications and navigation. A statement by the university revealed that  Dr. Jin Wei Kocsis, assistant professor of electrical and computer engineering, received a three-year, $330,000 Early Career Faculty grant from NASA to ...

Will Other Distributed Ledgers Replace Blockchain?

Should we replace blockchain with something else? That’s a question many technologists are asking in the wake of scaling challenges for key blockchain platforms. Blockchain is undergoing some growing pains. The core platforms that are the most well-known in the blockchain ecosystem, Bitcoin and Ethereum, have both run into challenges over the past year with scalability. Bitcoin & ...

What Is A Cryptocurrency Airdrop?

What is a crypto airdrop? A​ ​crypto airdrop​ ​is​ ​when​ ​a​ ​blockchain project distribute​s ​free​ ​tokens or​ ​coins ​to​ ​the​ crypto ​community. To​ ​be​ ​a​ ​recipient​ ​of​ ​an​ crypto ​airdrop often​ ​the​ ​only​ ​requirement​ ​is​ ​that​ ​you​ ​have​ ​coins from the relevant blockchain stored​ ​in​ ​your​ ​wallet. Examples of this format of airdrops are Byteball, ...

Is Directed Acyclic Graph (DAG) Blockchain’s New Competitor?

Directed Acyclic Graph (DAG) stands as a possible competitor to the blockchain, capable of making new cryptocurrencies while overcoming some of the issues inherent to blockchain tech. This brief overview examines the emergence of DAG and whether it can compete with blockchain. B to D: From Blockchain to DAG If you’ve been reading up on ...

Blockchain & Distributed Ledger Technology (DLT)

The rapid development and spread of new technologies has been significantly transforming the financial sector. The World Bank Group published the first fintech note that looks at Distributed Ledger Technology and Blockchain, and analyzes its potential relevance for international development. Fintech — a relatively newly-coined term which combines ‘finance’ and ‘technology’ — describes companies or innovations that ...

How to Mine Bitcoins and What You Should Know

Bitcoin is likely here to stay. Its value remains volatile and unpredictable, but it has come a long way from the bitcoin of four or five years ago — left for dead and dismissed as a fad. Bitcoins are still around, and people are interested in learning what bitcoin is, how to get them, whether as ...

Blockchain: What is Mining?

Some clarification The purpose of mining is probably a little confusing at first. I will keep the Bitcoin blockchain as an example throughout this article. Mining is NOTabout creating new bitcoins. Mining is the mechanism that allows the blockchain to be a decencentralized security. It secures the bitcoin system and enable a system without a central ...

Let’s Talk About Bitcoin Nodes

Due to the decentralized nature of Bitcoin, sometimes key terms or definitions may unintentionally be misconstrued by members of the community. This is particularly problematic for those who want to learn about Bitcoin because they may get confused by variant vocabulary. For example, a Full Bitcoin Node to one person may mean something slightly different ...