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News — btc

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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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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Crypto Price Predictions 2018

Posted by Taras Lanchev on

Last year the price of Bitcoin went up by the factor of 20, but the recent pullback has brought the price down to $8,000. Experts of the Canadian firm Profit Confidential have looked into the matter to predict the price of crypto at the end of 2018. It is important to note that experts have taken 3 cryptos which they believe will survive in the future no matter what. The analysis was conducted using the macro-factors which influence the price. Bitcoin Profit Confidential mention SegWit as an important step which will make Bitcoin transactions faster and cheaper. They also state that the Lightning Network will play a huge role in...

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