Bitcoin and other cryptocurrencies have been facing increasing scrutiny from governments around the world. While some countries have embraced the technology, others have been far more skeptical. China is a prime example of a country that is skeptical of bitcoin and other cryptocurrencies, and has been working to undermine their use. There are a number […]
What If China Bans Bitcoin Mining
What if China bans bitcoin mining? Mining is the process of verifying and adding new transactions to the blockchain, a technology that underpins bitcoin and other cryptocurrencies. Miners are rewarded with cryptocurrency for verifying and committing transactions to the blockchain. China is the world’s largest market for bitcoin mining, accounting for more than two-thirds of […]
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