Grey Jabesi is the founder and administrator of The Crypto University. The self-made entrepreneur offered his thoughts about the significance of obtaining cryptocurrency education today. We find this report about Mr. Jabesi inspiring. We gathered that he is a young cryptocurrency school administrator from Africa eager to lead today’s generation
How Blockchain and Bitcoin Mining Works with Crypto Frontline
The main rival of bitcoin – ethereum, comes with a revolutionary system that can serve not just as digital currency but is a digital alternative for a lot of other activities. This article was designed to offer a few details about ethereum and their main feature – smart contracts. What exactly
As we have mentioned in one of our previous articles, a blockchain represents a distributed database, a new way of storing data, enabled by recent technological development. We’ve also mentioned that Satoshi Nakamoto was behind this innovative idea and the purpose of the blockchain was to facilitate the processing of
Regarded by some people as the new internet, blockchain is an ingenious invention, created by a person or a group people known by the pseudonym Satoshi Nakamoto. He is also regarded as the creator of the most popular cryptocurrency on the planet –bitcoin. What does it have special? To put
The goal of cryptography is to store and transmit data in a particular form so that only those for whom it is intended for can read and process it. This thing is possible via advanced mathematical principles and as we have stated above, the main goal of cryptography is security.
We must first begin by saying that the ethereum system works like a world computer and some of the key features it proposes are: secure communication, secure payments, free software under the GPL and transparent governance for communities. How does the ethereum system work? Very similar to bitcoin, ethereum uses
As it is with bitcoin, litecoin is another cryptocurrency that gets created through the process of mining. To begin with a brief history of litecoin, it was created in the year 2011 by Charles Lee, a former engineer at Google. One of the motivations behind the creation of litecoin was
One the key similarities between bitcoin and ethereum are that both can be created through the mining process. We’ve explained already how the mining process for bitcoin takes place for bitcoin and now we’ll discuss how ethereum can be mined and what you should know about that process. Ethereum mining
Unlike any other traditional currency or fiat money, bitcoin and the other cryptocurrency are not printed by any public institution or agency. Instead, some of them, like bitcoin, are created through the process of mining. Since this is a new methodology, most of you will find it difficult to understand,
Now that we know the basics of bitcoin and cryptocurrencies, we can dig deeper and find out more interesting things about bitcoin. As we mentioned in other previous material, bitcoin is a cryptocurrency that is created through the process of mining, meaning that you will basically need a hardware configuration
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