by sheinix | Aug 30, 2019 | Bitcoin, Blockchain, Cryptocurrencies, English, Tech
Are you tired of hearing only about Bitcoin’s price? Yeah me too! The fact is, the price of Bitcoin (or the price of any crypto for that matter) is the least interesting aspect of crypto currencies. When we hear about Bitcoin on the news, it’s usually because of the...
by sheinix | Aug 30, 2019 | Bitcoin, Blockchain, Cryptocurrencies, Editor's Picks, English, Tech
Payment channels are a separate solution — called 2nd layer solution. This was possible to develop because the Bitcoin network has certains guarantees that allow applications to be built on top of it. Payment channels (Lightning Network for example) are one of...
by sheinix | Aug 30, 2019 | Bitcoin, Blockchain, Cryptocurrencies, English, Tech
Bitcoin mining and the Consensus algorithm are the core principles of the Bitcoin technologies. They are what makes Bitcoin unique and revolutionary. Let’s see what it’s all about. Bitcoin Mining As we already know, Bitcoin is a P2P decentralized network in which we...
by sheinix | Aug 30, 2019 | Bitcoin, Blockchain, Cryptocurrencies, English, Tech
I’m sure you’ve heard the word ‘Blockchain’ before, it’s one of the top buzz words nowadays. In this post we’re going to explain what the Bitcoin Blockchain is and how it works internally. The Bitcoin Blockchain is a data structure for storing transactions in a series...
by sheinix | Aug 30, 2019 | Bitcoin, Blockchain, Cryptocurrencies, English, Tech
Explore the basics of the bitcoin network, it’s core components, and some of the protocols that the network follows. The Bitcoin Network Bitcoin is a peer-to-peer (P2P) network of nodes, with no hierarchy or “special” nodes, this means that everyone is at the same...
by sheinix | Aug 30, 2019 | Bitcoin, Blockchain, Cryptocurrencies, English, Tech
In this post we will explore what is a bitcoin transaction and how it works. What is a Transaction A transaction is the fundamental building block of the bitcoin blockchain. It’s the operation in which we transfer value from one party to another in a secure way. Here...
