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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...

The new generation of "green" GPUs running on the Turing/Ampere architecture will be announced in the middle of the summer, Nvidia supplier claims. Mining on Nvidia GeForce GTX 1180 The source suggests that one architecture will focus on gaming whereas the second one will maximise performance for calculations and AI. According to the leak, the majority of the GeForce GTX 1180 and 1170 models will have a new GDDR6 memory for 8 or 16GB. The energy consumption of the new memory will equal 1.35W and the performance will be twice that of the previous generation. Unfortunately, the leaks suggest that the new generation will...

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...

I noticed that a lot of people who are just starting out with Bitcoin and cryptocurrencies are not familiar with the slang that goes around crypto. Because of that, I decided to write a short post explaining what everything is. #NewWords Bulls in the crypto world 🐮 Bulls are the types of people who profit when the price of the asset goes up. They are said to be the ones who push the price up. Hence the term "bull market". Bears in the trading world 🐻 Bears are the ones who profit from the falling price. They short the assets which means they are...

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...