D-Central's Articles

Our articles talk about Bitcoin from top to bottom. We explore all general concepts and more specific concepts related to Bitcoin mining.

Bitcoin is too important to fail

Cryptocurrencies and blockchain technology have the potential to liberate people from oppressive, authoritarian regimes. What about developed nations such as Canada or the United States? Many of the same tools that can help the world’s poor can also help the average Canadian. For example, in Canada, we still pay extortionary

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Bitcoin’s Lightning Network: from seven to 40 million TPS

Blockchain is the race to Mars in search of scalable solutions. Bitcoin processes seven transactions per second. On average, 400 transactions per minute, while Visa processes between 1000 and 4000 transactions per second. Unfortunately, Bitcoin’s chances in that race have been limited by scalability until now. Meet the Lightning Network,

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The Great Alignment: a decentralized future story

There has been more technological advancement in the past 100 years than in the past 2,000 years combined. And that says a lot about the speed of technological development. It has an avalanche effect. Once it rolls, it grows incredibly fast and very little can stop it. In 2009, suggestions

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Bitcoin blockchain security: nodes or miners?

Learning the lingo and how the blockchain provides security can help you understand why it provides better security than most computer networks. First, let’s look at the basic structure of a blockchain, then we’ll define nodes, mining, and miners. Before blockchains, you would store information on servers owned or leased

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Governance challenge: Decentralized consensus

Bitcoin Independence Day is one of the most critical days in decentralized consensus and may be one reason people use Bitcoin compared to many other cryptocurrencies. The concept of decentralized consensus essentially makes Bitcoin the ‘People’s Money.’ Here is a brief account of this concept and what it means to

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Bitcoin, Pokemon Cards and the Lindy Effect

Bitcoin is a digital currency. This means that it is not really something you carry around in your wallet but instead is something you have in an online account. Bitcoin is very different in that it is a decentralized currency. There is no central bank or central government in charge.

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Is Proof of Work inefficient?

You must have come across a debate on energy consumption concerning Bitcoin mining if you are well-versed in the blockchain ecosystem. The central idea is that Bitcoin mining is a competitive process that consumes energy. The success of Bitcoin is based upon Proof of Work that was pioneered by the

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How Are New Bitcoins Created and Generated?

Bitcoin is commonly compared to gold because they boast many similarities in the way they are obtained, and both carry a high value. Like gold, new Bitcoins are generated through a process called “mining.” Bitcoins carry a two-fold purpose: to create new Bitcoins and facilitate the processing of transactions within

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Is Bitcoin Backed by Something?

One of the debates surrounding Bitcoin today is whether it is backed by something. Some people are skeptical about purchasing Bitcoin, basing their claims on a lack of backing. Since there is nothing physical about Bitcoin, the assumption is that the cryptocurrency is not backed by anything, and therefore a

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