BlogHide Resteemsaniqtariq (7)in bitcoin • 5 years agoMining Transactions in BlocksNew transactions are constantly flowing into the network from user wallets and other applications. As these are seen by the bitcoin network nodes, they get added to a temporary pool of unverified…aniqtariq (7)in bitcoin • 5 years agoConsensus AttacksBitcoin’s consensus mechanism is, at least theoretically, vulnerable to attack by miners (or pools) that attempt to use their hashing power to dishonest or destructive ends. As we saw, the…aniqtariq (7)in bitcoin • 5 years agoMining NodesSome of the nodes on the bitcoin network are specialized nodes called miners. a computer engineering student in Shanghai, China, who is a bitcoin miner. Jing earns bitcoin by running a “mining…aniqtariq (7)in bitcoin • 5 years agoDecentralized Consensusthe global public ledger (list) of all transactions, which everyone in the bitcoin network accepts as the authoritative record of ownership. But how can everyone in the network agree on a single…aniqtariq (7)in bitcoin • 5 years agoWhat is Transaction PoolsAlmost every node on the bitcoin network maintains a temporary list of unconfirmed transactions called the memory pool, mempool, or transaction pool. Nodes use this pool to keep track of…aniqtariq (7)in bitcoin • 5 years agoDigital Signatures (ECDSA)So far, we have not delved into any detail about “digital signatures.” In this article we look at how digital signatures work and how they can present proof of ownership of a private key without…aniqtariq (7)in bitcoin • 5 years agoTransaction Outputs and Inputs Of BITCOINThe fundamental building block of a bitcoin transaction is a transaction output. Transaction outputs are indivisible chunks of bitcoin currency, recorded on the blockchain, and recognized as valid…aniqtariq (7)in bitcoin • 5 years agoprivate and public keys EXPLAINEDA bitcoin wallet contains a collection of key pairs, each consisting of a private key and a public key. The private key (k) is a number, usually picked at random. From the private key, we use…aniqtariq (7)in bitcoin • 5 years agoHistory of bitcoinBitcoin was invented in 2008 with the publication of a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” 1 written under the alias of Satoshi Nakamoto (see Appendix A). Nakamoto…aniqtariq (7)in life • 7 years ago5 Real Life Tips For SuccessWhile we are all busy in our own ways, we all also have the same amount of time to work with each and every day. While some have more responsibilities than others, it is still amazing to see how…aniqtariq (7)in life • 7 years agoWhat is MotivationWhat is Motivation So what is motivation, exactly? The author Steven Pressfield has a great line in his book, The War of Art, which I think gets at the core of motivation. To paraphrase…aniqtariq (7)in life • 7 years agolife quotesTime means a lot to me because, you see, I, too, am also a learner and am often lost in the joy of forever developing and simplifying. If you love life, don’t waste time, for time is what life is…aniqtariq (7)in technology • 7 years agoWhat makes distributed ledger technology different?Historically, ledgers have taken two key forms: two-party (or “nostro-vostro”), and centralised. Two-party ledgers are based in traditional double-entry bookkeeping: when processing a transaction…aniqtariq (7)in blockchain • 7 years agoFacebook Forms Exploratory Blockchain Team Led By Coinbase Board MemberDavid Marcus, the head of Facebook’s messaging app Messenger, announced that the social media site is exploring possible applications for blockchain technology, CNBC reported May 8. “I'm setting…aniqtariq (7)in blockchain • 7 years agoAustralia: Disused Coal Plant To Become ‘Blockchain Applications Complex’Two blockchain companies have partnered to launch a $190 mln Bitcoin mining operation in a disused coal plant in Australia. The deal was confirmed in an official announcement May 7. In a statement…aniqtariq (7)in bitcoin • 7 years agoIceland's Missing Bitcoin Miners May Be In ChinaIceland's 600 missing bitcoin mining machines may be in China, local news reported last week. According to RUV, Icelandic police have sent Chinese authorities an inquiry after the latter country…aniqtariq (7)in cryptocurrency • 7 years agoCircle's Investment Practice Takes Another Crypto Money: MoneroCircle soon launched an investment application from Blockchain startups. Circle's investment practice will now support a new coin: Monero. Circle announced that she added Zcash to the investment…resteemedshahzaintariq (37)in bitcoin • 7 years agoPro-BTC Wall St Analyst Urges Not To Buy Crypto Now, Despite Recent RallyNick Colas, the first Wall Street brokerage analyst to cover Bitcoin (BTC) extensively, has urged investors to think twice before entering the crypto market, despite the market’s recent rally, in an…aniqtariq (7)in art • 7 years agoOnline Art Auctioneer To Launch Art Authentication Service Based On BlockchainAmerican online art auctioneer Paddle8 and The Native, a Swiss tech company, are launching a blockchain-based art authentication service, Cointelegraph auf Deutsch reported May 4. Paddle8 will offer…resteemedshahzaintariq (37)in bitcoin • 7 years agoBitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, TRON, EOS: Price Analysis, May 03Oki Matsumoto, CEO of Japanese online broker Monex Group, believes that the cryptocurrency markets will take off similar to the derivatives market. If his prediction proves to be correct, the…
