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News — bitcoin

What are consensus algorithms in mining?

Posted by Taras Lanchev on

Proof-of-Choose-Your-Name --- A lot of people who are just getting started with cryptocurrencies normally don't know much about consensus algorithms and what they are. However, they play a crucial part in making sure the blockchain remains a decentralised and fair system. What are consensus algorithms? In simple terms, consensus algorithms are processes which are used to achieve agreement on a value of data among distributed systems, such as the distributed ledger technology. In the crypto world, consensus algorithms do two very important things:  They ensure that the next block in a blockchain is the one and only true version of the block (prevent double spending); They keep the system from...

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What is the Lightning Network, in a nutshell?

Posted by Taras Lanchev on

Lightning Network (LN) is a network of payment channels which exists outside the blockchain. Lightning Network relies on you opening a two-way trusted payment channel with another user which then turns into a network. The channel handles all the main transactions (opening and closing transactions) alongside all the secondary ones (all other transactions). All the main transactions are registered on the blockchain, but all the secondary ones exist only inside the Lightning Network payment channel that you have created. Let's imagine this in real life. Suppose you come to the pub for a few beers. You know that you'll be staying in that pub...

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2018 Crypto Antirecords. Which cryptocurrencies fell most?

Posted by Taras Lanchev on

The peak of the cryptocurrency market capitalisation happened on the 7th of January. Back then the market cap was $832 billion. It is currently $262 billion. The fall is quite significant, but some currencies fell more than the others. Cryptocurrency antirecords 2018. This rating was originally posted by News.bitcoin. The authors chose 10 coins which fell most significant in comparison to others. Bitcoin Diamond. At some point, people were giving an incredible $105 for 1 BCD coin, but today the price is $2.19. This is a 98% fall. Bitcoin Gold. Straight after the fork, the price of this crypto was $505. Later, the price fell to...

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Does anyone still care about Bitcoin?

Posted by Taras Lanchev on

There are 4 things Google doesn't allow to advertise on their platform: Counterfeit goods. Dangerous products or services, like recreational drugs, weapons, ammunition, explosives and fireworks, and tobacco products. Anything that enables dishonest behavior, such as hacking software, services to artificially inflate web or ad traffic, fake documents or academic cheating. Inappropriate content, like hate speech or ads that use profane language (Source: https://support.google.com/adwordspolicy/answer/6008942?hl=en)   But as of June this year, they will add one more - crypto.   The ban is actually quite broad: “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency...

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