The IoT technology came as quite an innovative method which strongly impacted the world. From smart devices to smart homes, and entire potential smart cities which still lie in the future, the sector is changing the world as we know it. Not only that, but it also impacts various businesses and
Initially, the term “cryptocurrency” could be understood literally as it meant any cryptographically protected digital currency — electronic money with the same functionality as fiat. But not all modern cryptocurrencies have the same set of properties as physical ones, and besides, there are
When it comes to blockchain technologies, consensus achievement is a crucial topic of interest. One of consensus algorithms is called Proof-of-Capacity.
The simplest blockchain projects are heavily dependent on member interaction. By the word ‘simplest’ we mean the most basic proposals like
The days when crypto mining was super-profitable passed away. When the bitcoin mining reward per block was several times greater than current 12.5 BTC, only a small number of people knew about Bitcoin and cryptocurrencies in general. Some of the coins mined at that time irretrievably disappeared
The issue of privacy is important for Bitcoin network participants. It assures that users can exchange assets without exposing themselves.
There are many other reasons why Bitcoin is so popular nowadays, yet it has drawbacks. Data protection gives no chance for asset recovery in case of password
Complex and developed crypto projects propose different activities to participants. Yet, a particular role choice in each case is up to users.
Blockchain technology is a special case of database and one of distributed ledger representatives heavily protected by mathematical encryption and hashing functions. All solutions in this direction belong to such a field of science and technology as the IT, which is full of questions, problems and
From the previous article, you have learned a brief history of cryptocurrency predecessors — first digital money and electronic payment systems. Today we'll talk about the earliest stages of the cryptocurrency market development and attempts to create crypto money long before Bitcoin was invented.
Let's talk about ryptocurrency history before the invention of Bitcoin: from smart cards to the first crypto money and e-payment systems.
At the root of online digital currency product is the very wish to get hold of rid regarding profit since it grew to become inconvenient. Even though, there
Ethereum uses hashing in several areas: mining, blocks connection, transactions reference, addressing scheme. Ethash as on of Ethereum hashing methods is adopted for all operations related to mining. The main reasons are that Ethash is fast and ASIC-proof. For all other hashing processes in
For the past ten years, Bitcoin has done a lot to influence the world of finances and countless other sectors. It has presented the entire world with the new concept of decentralized money which does not depend on any bank or government. In doing so, it has created its own adversaries, one of which
In the past articles dedicated to mining, we have given a point by point clarification of the PoW mining approach. PoW has turned into the main executed and inspected convention. All things considered, elective arrangements contain a lot of fascinating points of interest too. How about we consider
Can Bitcoin be considered an official currency just like fiat money? In some countries it is. Lets talk about the cryptocurrency regulation in different countries of the world!
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