Some information about the legendary Bitcoin

Some information about the legendary Bitcoin

The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Satoshi Nakamoto Bitcoin(₿) was...
What is Hashrate ?

What is Hashrate ?

What is a hash function and what is hash rate?  A hash function is any function that can be used to map data of arbitrary size to fixed-size values. The values returned by a hash function are...
What is “Equihash”?

What is “Equihash”?

Equihash is a memory-hard Proof of Work algorithm. How Equihash is functioning?  It was introduced by the University of Luxembourg’s Interdisciplinary Center for Security, Reliability and Trust (SnT) at the 2016 Network and Distributed System Security Symposium....
What is an “ASIC”?

What is an “ASIC”?

Application-specific integrated circuit (abbreviated as ASIC) is an  intergrated circuit (IC) customized for a particular use, rather than intended for general-purpose use. In Bitcoin mining hardware ,ASICs were the next step of development after CPUs, GPUs and FPGAs....

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