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D-Central's Articles

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Can Bitcoin Miners force Invalid Blocks?

When it comes to Bitcoin, there is a lot that people still don’t know how it works. On the surface, Bitcoin can look like a chain of time-stamped blocks; however, it is much more than that. Everyone needs to understand how Bitcoin is a network because it will make the

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Bitcoin Mining – Is it a waste of electricity?

Bitcoin uses a significant amount of energy to conduct mining. In fact, the amount of energy consumed for electricity is similar to all that the nation of Denmark uses. The question has become, is it a waste of electricity? Bitcoin uses energy that directly converts to money. Can any other

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Bitcoin VS VISA Electricity Consumption Fallacy

Those new to Bitcoin and mining Bitcoin may not realize how controversial energy consumption is within the financial community. Many media have falsely compared the amount of electricity needed to process a single VISA credit card transaction to Bitcoin transactions. The reasoning behind this is that every industry should do

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What is hodling?

Hodling is a  buy and hold strategy that is most useful in the context of cryptocurrency. HODL is simply a misspelling of the term hold, also a term that is very popular in the world of bitcoin and crypto. So, where did HODL come from? The Origin of HODL The term

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What is Hashing?

So you heard the term hashing, but unless you have a background in computer science, you probably aren’t quite sure what that means. Let’s take a look at hashing in terms of cooking. When we hash something for example, like hash browns, we are chopping up potatoes and mixing them

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Is Bitcoin traceable?

Cryptocurrency has become popular because of the blockchains that carry information about every transaction. While you may have heard Bitcoin offering anonymity, it’s important to look at what it does and doesn’t offer. Bitcoin is traceable, but only in certain aspects. One of the reasons why bitcoin became so popular

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Cryptopsychology and Bitcoin Mining

In December of 2017, Bitcoin reached its highest price ever at $19,783. The year of 2017 was a wild ride because Bitcoin started that year at around $1,000. Investors who bought Bitcoin at the beginning of 2017 and sold it at its peak made nearly twenty times their investment. However,

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Cryptocurrency Terms to Know Before You Invest

Cryptocurrency can be overwhelming. Terms are thrown back and forth, making it difficult to understand the conversations. Many people invest without taking the time to understand the key terms. You can be more successful with Bitcoin and the entire cryptocurrency market when you’re more familiar with the terms used. We’ve

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Why Does Bitcoin Work?

During the past few years, there has been a tremendous amount of growth in the way people handle virtual currency. Cryptocurrency has grown by leaps and bounds and has given rise to one of the most popular forms of virtual currency in the world, which is called Bitcoin. While some

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Cryptomining Is Bringing Business to Rural Areas

There have been a lot of changes in the global economy during the past few years and one of the biggest adjustments has been the development of something called cryptocurrency. Of this field, Bitcoin is leading the way. For those who might not know, Bitcoin is a digital, virtual currency that

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