The current price drops on the crypto market are not surprising, as Bitcoin and other cryptos are very volatile investment products. For miners, the current situation is also burdensome, because the price drops now also reduce the rewards. This causes many miners – especially in countries with high electricity costs – to stop mining – …
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Blockchain networks are not simply networks, but rather distributed databases. In this regard, blockchain networks are the most secure distributed databases there are – but even in the most secure networks, there are sometimes security vulnerabilities. A 51% attack on a blockchain network is an example of such a security risk. This happens when a …
The history of money is as old as the history of mankind itself, it is also just as mysterious. When it comes to the history of money, a few questions come to mind. Questions like: When was this means of payment invented and who invented it? We wonder how such an invention came about that …
Have you ever been to a crypto conference and then you hear the speaker say things like HODL or FOMO. Sitting around you are other crypto enthusiasts who nod to everything the speaker says and then make a few notes. Everyone in the room knows and understands what the speaker just said – everyone but …
So you tried to buy something online or register on a financial website and then it asks for the payment method where it says “pay in crypto or fiat”? Many people don’t KNOW what these terms mean or what the difference is between the two. So today we will talk about the difference between cryptocurrencies …
Have you ever heard of the Darknet? A place where all kinds of crazy and illegal things can be found on the internet, at least that’s what you probably think. When I first heard about it, I always wondered what it was exactly and how I could access it or what I would do if …
Mining cryptocurrencies can be quite difficult, but things seem to be a bit easier if you have your own ASIC miner at home. While this option seems attractive at first glance, it may be worth it to have a miner hosted in a data center. If you are thinking about mining cryptocurrencies and are a …
What if there was a way to never have to buy Bitcoins or other cryptocurrencies again? What if you didn’t have to spend a dime to buy cryptocurrencies on exchanges? Today we’re going to talk about mining pools, the association through which cryptocurrencies can be produced in association with other miners. What are mining pools?Cryptocurrencies …
On September 8, 2021, El Salvador surprised the financial world by becoming the first country to accept Bitcoin as legal tender. This could be the first sign of a financial revolution, as Panama could do the same in the coming years. Many other countries such as the US, China and the UK are also looking …
The war in Ukraine started a few months ago. Since then, Ukraine has called for donations and support through the use of cryptocurrencies like Bitcoin. Many people have since donated by simply sending Bitcoins and Ethereum to aid organizations. The question, however, is why cryptocurrencies were chosen as the donation currency? Why not one of …