From country to country, the legal status of bitcoin differs significantly, and, in most countries, it is still undefined or changing. The main reason for this is the novelty and the cryptocurrency phenomena, which is why many governments are still exploring the possibilities of this digital asset. Whereas the majority of countries do not make the … Continue reading How Much Would a Country Need to Invest in Bitcoin for It to Become Legal?
NiceHash, founded in 2014, is a Slovenian cryptocurrency cloud mining marketplace that connects miners (in this case sellers of hashing power) with buyers of hashing power. NiceHash's online platform is where buyers rent hashing (computing power). Sellers provide hashing power by connecting to the NiceHash marketplace with NiceHash's own mining software. One can earn with NiceHash … Continue reading Is Nicehash More Profitable Than Ethereum Mining?
Although Bitcoin is the most popular and most used cryptocurrency in the world, there are some aspects of it, like high fees or slow confirmation times, that make people prefer other coins. Another issue is that the anonymity and privacy could be better and its Smart contract capabilities are basically non-existent. Because of this, users … Continue reading What Makes Bitcoin 2.0 Practical?
When planning to invest in cryptocurrencies, or specifically in Bitcoin, users tend to have many questions. This is a good sign, meaning that a person is not taking the matter lightly. Like making any large purchase, from a couch to a stock, people should, and often do, feel obligated to be prepared. Cryptocurrencies are a … Continue reading How to Start Investing in Bitcoin
The Bitcoin block reward refers to the new bitcoins distributed by the network to miners for each successfully solved block. Satoshi Nakamoto, Bitcoin’s creator, set the block reward schedule when he created Bitcoin. It is one of Bitcoin’s central rules and cannot be changed without agreement between the entire Bitcoin network. The easiest way to … Continue reading How Can You Calculate a BTC Reward?
Bitcoin exchanges are an important part of the Bitcoin world, as they allow buying and selling Bitcoins as well as altcoins. They match buyers and sellers, trading cryptocurrencies or trading them with fiat money. There are quite a few exchanges that are India born, and the most popular will be listed. Coinsecure exchange Coinsecure has … Continue reading Which Cryptocurrency Exchanges Have the Highest Volumes in India?
First things first, what is Bitcoin mining? Bitcoin mining is the process in which Bitcoin transactions (or any other cryptocurrency transactions) are verified and added to the Blockchain – a public ledger. Through this process, new bitcoins are released. People called “miners” use special software to solve complex math problems and are rewarded with Bitcoin. … Continue reading What Is a Bitcoin Pool?
A cryptocurrency is a digital currency that has no middleman. It operates independently of any government or bank. This has led to government regulations in some countries. Anonymity, decentralization and transparency made cryptocurrencies highly popular. All of these assets have their downsides so here is a list of the pros and cons associated with most … Continue reading What Are the Pros and Cons of Bitcoin and Other Altcoins?
One of the Bitcoin’s best qualities is that it provides a safe space for the store of wealth that can be kept a secret. It is protected by cryptography and private keys. On the other hand, this means that if an owner dies without telling somebody what his private key is, nobody could gain access … Continue reading How Can Bitcoin Be Taken Seriously If There’s No Solution to an Owners Key Being Lost as a Result of Their Death?
As you probably know all too well, Bitcoin is based on a distributed ledger called the Blockchain, which means it is decentralized and transactions are not mediated by a middleman (a bank). There is no central authority and it is not regulated like physical money. This lead to market manipulations in the past which caused … Continue reading Are Bitcoin Prices Being Manipulated by Traders?