BLOCKCHAIN WIRES
BLOCKCHAIN WIRES

BLOCKCHAIN WIRES

Knowledge hub of all the articles related to blockchain and crypto.


TEXAS IS THE BEST PLACE TO MINE BITCOINS

22 May 2020 1 minute read 0 comments Blockchain Times

Texas has one of the cheapest rate for electricity in the World so for it is th best place for miners to mine bitcoin here as technically bitcoin mining is the conversion of electrical power into hash power . Peter Theil backed startup Layer 1 has st...

Blockchain's 51% Attack .

21 May 2020 1 minute read 1 comment Blockchain Times

51% attack refers to a group of miners trying to control more than 50% minning's power of the network.By doing so they can block new transactions by taking place or being confirmed.Attackers use 51% attack to reverse the transaction which has taken p...

BITCOIN MINING WHO IS THE LEADING PLAYER IN MAKING MINING HARDWARES

21 May 2020 1 minute read 0 comments Blockchain Times

"Mining in terms of blockchain is the process of adding the new bitcoins in circulation by solving the complex mathematical problems with the help of computing power " HOW DOES MINING WORKS? In order to secure and to process each transaction miners u...

What is Proof-of-Work ?

20 May 2020 1 minute read 0 comments Blockchain Times

Proof of work is the consensus mechanism for blockchain to confirm transactions and add new blocks to the network and in return new bitcoins are formed which are given to the miners. It is what gives value to bitcoin.Miners use computing power to ver...

BlockFi GOT HACKED..

20 May 2020 1 minute read 0 comments Blockchain Times

BlockFi crypto lending platform reported on Tuesday that it suffered data breach while the funds of the customers are safe. Information about customers physical addresses their transaction history has been leaked which makes their customers vulnerabl...

WHAT BLOCKCHAIN IS AND HOW DOES IT WORKS?

20 May 2020 1 minute read 0 comments Blockchain Times

Blockchain is the technology behind the most controversial currency I am talking about bitcoin. The most simple definition of blockchain is that " distributed, decentralized public ledger".Here we will discuss about blockchain in a little detail and...