You've probably heard the expression full-node by now. If not, don't worry. I will explain it in just a minute. Alongside online bitcoin wallets and mining farms, people all across the…
Following the development of civilization, trading is the sole factor in the creation of currency, in order to facilitate the process. Without it, trading means exchanging one good for another,…
While Bitcoin mining is widely recognized as the main contributing factor towards the creation of new Bitcoin, as well as transaction validation, for the majority of users this process is…
The blockchain consists of many blocks connected to one another by unique hashes called Proof-of-Work. These hashes are created by the process called mining. Here we will detailly examine a random…
There are are many different implications that arise through the existence of the Bitcoin Blockchain. This part of the guide serves to clear up misconceptions about the blockchain in general, how…
In this part of the guide, you can learn more about everything that's got to do with the first digital currency, Bitcoin.
What is Bitcoin?
Before getting to understand what all…
Bitcoin Mining is the process of creating and writing new blocks for the blockchain. These blocks have to comply with the base Bitcoin rules, maintained by the network. In order to…
When Bitcoin was conceptualized, one could mine efficiently with the use of a consumer grade CPU. Eventually, as more and more people kept joining the mining process, the network difficulty…
In order to mine Bitcoin, you're going to need special software that can communicate with the rest of the Bitcoin network and follow the correct consensus rules and hashes. You can…
The blockchain represents a series of blocks, each of them hashed in a way that the information contains and relies on the hash from the previous block. This process ensures that…
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