Bitcoin Mining Software: How to Choose the Right One
To mine Bitcoin, a number of things are required. Miners need: • Mining hardware: Application Specific Integrated Circuits (ASICs) or Graphic Processing Units (GPUs) • Bitcoin mining software • A…
Centralized vs Decentralized Exchange: Which is the Best?
Introduction Cryptocurrency exchanges are the platform that is used to encourage trading in cryptocurrencies for assets such as fiat currencies. Just like stock exchanges empower the trading of stocks, crypto…
What Is a Decentralized Exchange (DEX)?
A decentralized exchange (DEX) is a digital currency exchange that allows users to buy crypto through direct, peer-to-peer cryptocurrency transactions all over an online platform without an intermediary. It differs…
Guide to Bitcoin Halving
“Bitcoin halving” refers to an event that happens every four years when the block rewards for Bitcoin miners get cut in half. This reduces the supply of new bitcoins by…
What Are Bitcoin Mining Pools?
Bitcoin mining pools provide a way for multiple parties to “pool” their efforts when mining Bitcoin. Over time, mining Bitcoin has become increasingly complex and resource-intensive. As such, pooling resources…
What is a hash rate?
Explanation The mining hash rate is a crucial security metric. The more hashing (computing) power in the network, the greater it is security and overall resistance to attack. Although Bitcoin’s…
How is Bitcoin Valued?
As a decentralized digital currency, Bitcoin is valued primarily on supply and demand on the exchanges where it’s bought and sold. But other variables come into play, driving up the…
How Many Bitcoins Are There?
As of June 2022, about 2 million bitcoins (BTC) are left to be mined, meaning that there are nearly 19 million currently in existence. Bitcoin has recently gained popularity as…
Gas (Ethereum): How Gas Fees Work on the Ethereum Blockchain
What Is Gas (Ethereum)? Gas is the fee required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform. Fees are priced in tiny fractions of…
What Are Smart Contracts? A Beginner’s Guide
While the best-known use of the blockchain is to store and transmit digital currencies, the blockchain also has many other uses. Among those uses are smart contracts, which use blockchain…