Bitcoin in Layman’s Terms

bitcoin

Bitcoin can seem a little daunting if you attempt to understand it. So we will explain bitcoin in layman’s terms. For the average person, trying to make sense of the Bitcoin whitepaper isn’t easy, and isn’t even necessary. Some say it’s just as difficult, and at times worrying, to use as to understand, but for … Read more

China’s Stance on Bitcoin Mining

China (like other countries) and Bitcoin have had what can only be described as a tempestuous relationship. Well, the Chinese government is the erratic one, because Bitcoin doesn’t do emotions. China is the main region of the world for mining, and no doubt brings in a lot of revenue. However, the Chinese government has always … Read more

Cryptocurrencies to replace SWIFT?

crypto replace swift

Cryptocurrencies and blockchain are set to disrupt much of the financial system and decentralize the SWIFT system. Banks and remittance companies are in for a severe shakeup and are already beginning to feel the change. It is even possible that a cryptocurrency will eventually replace the Swift system. In preparation, the legacy financial system is … Read more

ProgPow algorithm upgrade looking likely

A top-level meeting with Ethereum core developers last week ended with a full agreement for the Ethereum blockchain to upgrade to the ProgPow algorithm. Followed ultimately by a move away from professional and centralized mining. Discussions among the ETH dev community about a possible migration onto ProgPow have been ongoing for a couple of years. … Read more

Gold-Backed Crypto and the US Dollar

crypto gold

Could a new gold-backed cryptocurrency be about to replace the US dollar’s hegemony? US Dollar – Reserve Currency Status The US Dollar, in its different forms, has been the world’s reserve currency for the best part of a hundred years now. But is its time coming to an end? This came about after Britain spent … Read more

Ethereum implements ProgPoW

ethereum progpow

Ethereum core developers are moving forward with ProgPoW, an update for making Ether mining more ASIC resistant. The hardfork is tentatively scheduled for July. Ethereum core developers, once again, came to consensus on implementing ProgPoW. The hardfork is scheduled to happen three weeks after EIP-1962, a non-contentious update that will add additional cryptographic functions to … Read more

Best Mining GPU Cards for 2020

mining gpu

Invest in one of the best mining GPU 2020, if you’re thinking about delving into cryptocurrency mining. Cryptocurrency may not be as popular as it used to be, but that doesn’t mean it’s dead. Bitcoin, Ethereum and other crypto coins are still flowing, while others are booming, which means that there’s still a demand for … Read more

Gamers invest in virtual real estate

blockchain real estate

This week alone, gamers, virtual reality enthusiasts, and the cryptocurrency community have invested nearly a million dollars worth of real-world currencies into virtual real estate generated and maintained by blockchains. The three largest blockchain-generated virtual world games, The Sandbox, Decentraland, and Cryptovoxels, all saw the total trading volume of their digital tokens surge above $940,000 … Read more

5 cryptos to mine at home

crypto to mine

When Satoshi Nakamoto first introduced Bitcoin, it was possible for people to mine bitcoins using laptops and desktops. Original bitcoin miners used standard multi-core CPU. The difficulty of mining was very low. In fact, if you had a couple of computers lying around with decent specs, you could have earned around $5 a day. Then, … Read more