What are Blockchain Confirmations? Blockchain confirmations allow users to know that their transactions over blockchain networks have been secured. When a transaction is made on a blockchain network — for instance, when you send a few coins to your friend’s … Read More
What are Private Keys and Addresses?
What are Blockchain Private Keys and Addresses? Private keys and addresses are the foundation of every blockchain network. In purely cryptographic terminology, every security system requires a public key for location and a private key for private access. Applied to … Read More
What Is Bitcoin (BTC) & How Does Bitcoin Work?
What is Bitcoin? Bitcoin is the world’s first peer-to-peer digital currency, or cryptocurrency. Released in 2009 by the anonymous Satoshi Nakamoto, Bitcoin is the most significant application of blockchain technology today–it currently boasts a market capitalization of 112 Billion USD. … Read More
What is Ethereum ETH? What is the Ethereum Blockchain?
What is Ethereum? Ethereum is an open platform that enables developers to build and deploy decentralized applications such as smart contracts and other complex legal and financial applications. You can think of Ethereum as a programmable Bitcoin where developers can … Read More
Cryptocurrency Mining Explained – What Are Miners?
What are Miners? Cryptocurrencies and fiat currencies differ in the way that new coins/cash are generated and issued in their respective ecosystems. Fiat currencies are printed by government-sponsored mints in response to a state authority’s direct orders, while cryptocurrencies are … Read More