Have you ever wanted to know what is blockchain technology, what is crypto mining, what is crypto wallet, how different bitcoin is from other crypto currencies. More importantly, how to profit from trading in investing in cryptos. You find the answers to these and other hot crypto topics here.
Bitcoin and other proof of work cryptocurrencies are decentralized, and therefore not powered by a centralized authority. Instead, they are powered by a network of minors using their computing power to validate transactions and keep the network secure.
The last two months have been rough for major cryptocurrencies, and most of them ended up in the red. The information background has undoubtedly greatly contributed to this. Among other things, it’s worth mentioning the hacking of the Bithumb exchange – an event that knocked Bitcoin below the support trend line, which had been holding it back for more than three months.
Before we get to the nuts and bolts of Bitcoin mining, let’s begin by understanding what Bitcoin mining is all about. First, where do new Bitcoins come from? Are Bitcoins minted by the central banks? Obviously no, Bitcoin operates in a decentralized network with no central authority at play.
Following the surge in Bitcoin and cryptocurrency interest in 2017, a lot of people began Bitcoin mining on phones. This surge in cryptocurrency interest eventually led to new restrictions being implemented from companies such as Google, Facebook, Apple, and others.
In lieu of a preface Last month we got a strong bullish breakout in market sentiment. It was really the high wave of positive news in media as well as analysts’ view on market perspective. Market performance was not disappointing as well. This trend continues in June as well. Maybe we do not have as …
All summer, the Bitcoin market was primed for big shifts. The headlines were mostly promising, looking forward to Bitcoin options, a Bakkt futures launch, institutional investors entering with new money, and so on. There were also many reports about blockchain and cryptocurrency applications in spheres beyond trading, as well as optimistic voices suggesting a rally in …