When is a transaction considered confirmed?

Whenever a transaction is added to a block, it receives 1 confirmation.  If a block is added to the blockchain after the block in which your transaction is, the transaction would have 2 confirmations. If a block is added after this block, your transaction will have 3 confirmations, and this...

Is Bitcoin the successor of dying banks?

The commercial bank in its present form is an endangered business. However, its successor is unlikely to be just Bitcoin, but rather tech giants such as Google and Facebook with a hint of Bitcoin. Alibaba already has the largest money market in the world, while in China Wechat Pay has...

Who is the biggest polluter, the dollar or bitcoin?

The sustainability of the Bitcoin network has created a lot of uncertainty, as this fascinating and emerging technology faces several unsupported assertions from uninformed individuals that Bitcoin is highly unsustainable from a social, economic and environmental point of view. Broadly available public information strongly refutes the claims that Bitcoin is...

Is Bitcoin really fueled by coal?

Among the arguments against Bitcoin, that of the energy consumption of its mining often returns to the carpet. But a CoinShares report breaks this myth by showing that the energy used comes mainly from renewable sources. The correlation between bitcoin mining and renewable energy would make bitcoin mining more "renewable"...

How does currency evolve?

Le rôle de médium d’échange de la monnaie est une réelle obsession de l’économie monétaire moderne. Durant le XXe siècle, les états ont monopolisé l’émission de la monnaie et ont continuellement sapé son usage comme réserve de valeur, créant ainsi une fausse croyance selon laquelle la monnaie est initialement définie...

Why will Bitcoin win?

Pour un investisseur, le fait marquant dû à l’invention de Bitcoin est la création d’un nouveau type de bien numérique rare — les bitcoins. Les bitcoins sont des jetons numériques transférables qui sont créés sur le réseau Bitcoin au cours d’un processus nommé “minage”. Le minage de bitcoins est grossièrement analogue à...