Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
What Encryption Does Ethereum Use
What encryption does Ethereum use? Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. To ensure the security of these contracts, Ethereum makes use of cryptography to protect against attacks and to secure information. Cryptography is the practice of secure […]
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10 Min
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What Hash Does Ethereum Use
What hash does Ethereum use? Ethereum is a blockchain-based platform that uses a unique hashing algorithm called Ethash. Ethash is a memory-hard algorithm that requires a lot of memory to compute. This makes it difficult for miners to use ASICs to mine Ethereum. Instead, Ethereum miners use graphics cards (GPUs) to mine Ethereum. This makes […]
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9 Min
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What Hash Does Bitcoin Use
Most people have heard of Bitcoin, but may not know what it is. Bitcoin is a digital currency that is created and held electronically. It is a type of cryptocurrency, which is a digital asset designed to work as a medium of exchange. Bitcoin is unique in that there are a finite number of them: […]
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12 Min
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How To Get Started Mining Bitcoin
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
Read Time:
24 Min
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