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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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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