In cloud mining, people pay to borrow hashing power (capability to calculate hash per second ). They can utilize the hashing power to mine cryptocurrencies on their personal computer.
In almost every article related to Ethereum and Bitcoin, you must have come across the term mining pool. In this article, we will focus on the mining pool and the different types of mining pools present in the market.
“Provable”, formerly known as “Oraclize”, is a service known as an ‘oracle’, built specifically to address this problem. An oracle acts as a relay by aggregating data from external sources such as random number generators, price tickers & computational engines. Once the data is collected, the oracle feeds it into a smart contract.
In this article, we will be focusing on Bitcoin's Replace By Fee ( also known as RBF). This feature was proposed in BIP125 and implemented in Bitcoin Core 0.12.0. It has seen a lot of controversies and is open to debate. So, let's dive in.
It is officially tax season in many countries throughout the world—the United States included. This means that millions of people are taking the time to get their documents and investments for tax reporting, including their cryptocurrency. In this guide, we walk through five commonly asked questions about cryptocurrency tax to help you gain a better understanding of crypto-assets taxation.
You sure must have heard of Ethreum. It is the second most popular and valuable cryptocurrency after Bitcoin based on market cap. Ethereum has been around since 2013 and has initiated the blockchain 2.0 revolution by introducing smart contracts. In this article, we will try to understand how Ethereum mining works.
The buzz about Libra currency has been around since 2018 when Mark Zuckerberg decided to work on improving blockchain as part of his New Year resolution. In the following year, the blockchain was christened as Libra. So let's understand Libra cryptocurrency and blockchain.
To build applications on Blockchains such as Ethereum or Bitcoin, you need to have a running Node to access the blockchain. But these nodes are difficult to manage and require a dedicated device and resources. In this article, we will review QuikNode, a node-as-a-service provider.
A survey done by cybersecurity firm Kaspersky showed that 19% of people had purchased cryptocurrency globally. Today we will talk about the advantages, disadvantages, and risks of using cryptocurrencies. So let’s dive in.
In simple words, BFT lets a decentralized system function normally in an adverse situation when there is a malicious user in the system, or a fraction of the system fails. When the majority of users in a system are ethical personals (i.e., people who follow the rules), they can override the malicious work done by non-ethical individuals. So for a system to function normally, at least 51% of users should adhere to the rules set up in the system. This gives rise to consensus, which is the general acceptance of specific rules and regulations.