What will happen on Aug 01 Bitcoin segwit?

What is segwit? Segwit is an architectural change the way bitcoin transactions are constructed. Signature(witness) will be separated from the transaction that is why it is called segwit. The effect of segwit will solve long standing serious problems and issues simultaneously within bitcoin architecture like: transaction malleability, calculate signatures in different way, it will allow […]

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What is Cryptocurrency mining?

image source: bitcoinmining.com Mining is the process of generating new digital currency or coins in the supply. How coins were generated? Coins were minted after creation of new block at fixed and diminishing rate. For example with Bitcoin, Satoshi Nakamoto programmed generation of new coins with mathematical computations. Every 210,000 blocks, which is approximately 4 […]

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Wallets and Addresses

If you want to own a bitcoin or other cryptocurrency, you definitely need a wallet. Since cryptocurrency is a form of digital currency, the container that will hold it is also in digital form. Each cryptocurrency implements its own wallet. A wallet is a container of addresses and keys. It is like a database of […]

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What is blockchain technology?

Blockchain is a technology behind Bitcoin, other cryptocurrencies and decentralized applications which allows the whole network to get a copy of records of transactions, also known as ledger or block. It is a public ledger of all transactions executed. It is a decentralized consensus system based on proof-of-work(read more). Blockchain is so secured that it […]

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Getting started with Bitcoin

This guide may apply to almost all cryptocurrencies. But I used bitcoin as a reference for this guide. When you are learning about bitcoin, first thing you might ask is, what do I need? How am I gonna start using or investing or acquiring bitcoin (read more about bitcoin here)? I’m gonna tell you the […]

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Why bitcoin is popular?

While writing this, I asked myself, why this type of cryptocurrency is so popular? And the most important question that amazed me when I was learning about bitcoin: What fascinates other people especially the prominent one? After research and survey, I had come up with these items below that attracts programmers, consumers, businesses, prominent people […]

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What is bitcoin?

Bitcoin is a program that form the basis of a digital money. Since Bitcoin is a piece of software, it is completely virtual. It is distributed by using peer-to-peer network, no central host or server, and no central bank that issues, regulates and controls it, that is why it is being described as decentralized. Bitcoin […]

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