Author: Rahul

Most cryptocurrencies since the introduction of Bitcoin have been designed to employ the proof of work consensus mechanism in order to prevent manipulation of financial records on their respective blockchains. The process requires cryptocurrency miners to compute a unique solution for a mathematical function, which is otherwise known as a cryptographic hash function. The computational effort undertaken by the miner is to ensure that all transactions within that block are legitimate.

Continue reading A Guide to Cryptographic Hash Functions: What is a Bitcoin Hash

Most new investors that have made their first bitcoin purchase usually struggle to find a wallet that is right for them. While there are hundreds of Bitcoin wallets available to be downloaded on the internet, not all of them are continuously updated or even developed with strict security standards in mind.

Continue reading How To Store Your Bitcoins: Top 10 Bitcoin Wallets Compared

As Bitcoin reaches mainstream popularity after its meteoric rise in 2017, liquidity in terms of fiat currencies remains to be a concern for many individuals. While the main selling point for cryptocurrencies has always been their self-sufficient digital nature, it is no secret that they are far from realizing that goal in its entirety.

As such, Bitcoin ATM machines strategically located in urbanized areas across the world are common since they cater to the population that prefers to use them over online exchanges that are often obscure in terms of their functioning.

Without much introduction, let’s delve into what is Bitcoin ATMs and how do Bitcoin ATMs work.

Continue reading What is a Bitcoin ATM and How Do Bitcoin ATMs work?

A Bitcoin address is a cornerstone to understand how the cryptocurrency is exchanged between two individuals as they essentially dictate the source and destination for a particular amount of bitcoin. For those new to the world of cryptocurrencies, a bitcoin address may seem a little confusing at first.

Unlike a conventional bank account number, these addresses can include both numbers as well as letters and be up to 35 characters in length. In practice though, most addresses tend to be 33 or 34 characters long.

Here’s what one looks like:

Continue reading What Is My Bitcoin Address and How Does It Work?