Many of us have heard of the concept of Bitcoin and how this particular virtual currency is predicted to become the next big thing. So, how much energy does a Bitcoin transaction use? One first distinction to start with is that there is no correlation between transactions and energy usage.
While it’s clear that Bitcoin is leading the cryptocurrency arms today, it is also also true to say that Ethereum is set to be the top crypto any time soon. You see, Ethereum is truly an awe-inspiring technology we definitely can’f afford to overlook. Today, we are going to explore
Just as you need specific equipment to mine for gold or uranium, you also need specific equipment to mine for Bitcoin. While many cryptocurrencies allow for mining with a typical computer or cell phone, Bitcoin requires special equipment to make it cost-effective. Mining Bitcoin requires powerful, speedy computers. Your typical
Monero is a cryptocurrency that was released in 2014, several years after bitcoin. It is a decentralized currency, though it is driven on the tech of fungibility. The concept was to ensure that it offered more privacy and security than bitcoin and some of the other cryptocurrencies out there. Monero
If you have been mining bitcoins and watching the shifting trends in the markets, then you may have noticed that bitcoin mining is getting too competitive. When cryptocurrency was introduced 11 years ago by Satoshi Nakamoto, miners reaped massive profits from the venture. Back then, bitcoin mining was lucrative as
Your bitcoins are stored in blockchain addresses. In this way, your Bitcoin transactions and all transactions are stored in each full node of the Bitcoin network. Blockchain is an ever-growing database of transaction information sent to all nodes in the Bitcoin network. When you make a transaction, this transaction is
There are countless types of cryptocurrency hitting the market. Although Bitcoin is the most popular by far, there are benefits to knowing some of the others, including Dogecoin. Dogecoin (DOGE) started out as a joke. The developers used it as a way for users to top one another for fun
