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Posted by Amanda Jackson | Jan 16, 2021 |
SPECIFICALLY BITCOIN POW Before we get into the details of what PoW means, we will say that the following description is based on how PoW is designed for the bitcoin blockchain. PoW for other blockchains will be somewhat similar...
Read MorePosted by matt peperman | Jan 13, 2019 |
The “end” of cryptocurrency mining can cause some confusion. If we think of the specific currency “bitcoin”, and forks of bitcoin, then “mining” means more then just generating new bitcoins. Mining, for...
Read MorePosted by matt peperman | Jan 12, 2019 |
In order to “trade” cryptocurrencies (i.e. trade one coin for a different one), you must first obtain one or more coins in some way. Usually, bitcoin or ether are the best coins to start trading with. Bitcoin and ether are the...
Read MorePosted by matt peperman | Jan 12, 2019 |
A very common way to buy your first cryptocurrency is via a centralized cryptocurrency exchange. This type of exchange will allow you to use fiat currency (like Dollars, Euros, Pounds,…) to buy various types of coins....
Read MorePosted by matt peperman | Jan 11, 2019 |
Despite the common misconception, currency is not stored in cryptocurrency wallets. Cryptocurrencies are stored in blockchain account ledgers. Most ledgers are public (anyone can view them), but some are private. The ledgers are...
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