Blockchain

What Is A Private Key Used For?
Blockchain

What Is A Private Key Used For?

Blockchain networks are kept secure through encryption. Simply put, encryption allows users to encode information in a way that only authorized parties can access it. Decryption is the method that network participants can use to decodethis information for future use. Each user has a public key and a private key…
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What is a Whitepaper?
Blockchain

What is a Whitepaper?

When I first heard the term, my mind went about as blank as the term suggests. As a good crypto student, I did a quick Google search on "what is a whitepaper". What I found was both concise, yet open ended at the same time. “A White paper combines a…
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Bitcoin Mining During Bear Markets
Blockchain

Bitcoin Mining During Bear Markets

Bitcoin Mining During Bear Markets Bitcoin mining during bear markets has been a heavily debated topic online. Recently Mike and I had a unique opportunity come our way. A couple of friends that live in Argentina ordered some Bitcoin Antminers a few months ago. Unfortunately, they were unable to get…
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Can Proof of Work Survive?
Blockchain

Can Proof of Work Survive?

It might be a good idea to review the consensus mechanisms being used in the cryptocurrency ecosystem by clicking here if you are unsure what the difference between Proof of Work (PoW) and Proof of Stake (PoS) is. Knowing what PoW is and how it compares to PoS is vital…
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Proof of Work vs Proof of Stake
Blockchain

Proof of Work vs Proof of Stake

A consensus algorithm is the way a blockchain network reaches an agreement that the block being produced is correct. Although there are a variety of consensus algorithms (and more are being produced all the time) the two main types are Proof of Work (PoW) and Proof of Stake (PoS). In…
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What Is A Hard Fork?
Blockchain

What Is A Hard Fork?

Everyone is talking about hard forks. There's been so many Bitcoin forks I've lost count. But what is a hard fork exactly and why do you end up with double the amount of crypto? We'll dive into the basics first and then explore hard forks in depth. Finding yourself asking…
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What Is A Crypto Wallet?
Blockchain

What Is A Crypto Wallet?

What is blockchain and how is it being used to change the way we live and work? Find out on our blockchain blog page after you're done understanding what a crypto wallet is! What is a Cryptocurrency Wallet? A crypto wallet is essentially a piece of software or hardware that…
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Can Bitcoin Be Hacked?
Blockchain

Can Bitcoin Be Hacked?

It’s a pretty common news story nowadays - a cryptocurrency exchange gets hacked and the hackers make away with millions of dollars in Bitcoin. But how is Bitcoin hacked exactly? Aren’t blockchain networks supposed to be extremely secure? And what does it mean that Bitcoin is stolen? Is Bitcoin Hacked…
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Bitcoin Mining Explained For Beginners
Blockchain

Bitcoin Mining Explained For Beginners

If you’ve heard of Bitcoin you’ve probably heard the expression "Bitcoin Mining" also. This phrase tends to confuse newcomers to the cryptocurrency world. When I first started learning about Bitcoin and other cryptocurrencies I found this concept difficult to grasp. I had so many questions and I wanted Bitcoin mining…
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Blockchain Explained For Beginners
Blockchain

Blockchain Explained For Beginners

Blockchain Explained - Why The Hype? Chances are that you've been hearing all about Bitcoin and cryptocurrencies lately. In 2017 alone the value of Bitcoin increased more than fifteen times. But as great as Bitcoin and other cryptocurrencies are it's the underlying technology that is really exciting. Looking to have…
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