Cryptocurrency related publications
13 Jul 2020 3 minute read 1 comment Thalers-r
First and foremost, I am not a financial advisor and this is absolutely not a financial advice. This article is written purely for fun :) Have you ever looked at past and thought you could have done things differently? You probably have. When it come...
21 Jun 2020 2 minute read 0 comments Thalers-r
Bitcoin, the first cryptocurrency has been in our lives for 11 years. As of writing the total number of cryptocurrencies is over 5000. And the total market cap of cryptocurrencies is running to $300 billion! The adoption we have been waiting for is o...
16 Jun 2020 3 minute read 0 comments Thalers-r
The Bitcoin Greetings dear reader. Have you ever heard of Bitcoin? The answer is probably “yes” since you are reading this. It is highly likely that you have heard something like: “Bitcoin is monopoly money”, “It is digital and BS” or “Criminals use...
4 Jun 2020 2 minute read 1 comment Thalers-r
Blockchain is an invention. Just like the wheel, money, internal combustion engines, internet etc. Every invention was born out of a necessity. Bartering was inefficient so money was invented to solve its problems. We had an industrial revolution, me...
2 Jun 2020 2 minute read 2 comments Thalers-r
A Bitcoin block is a piece of data that contains certain information. A block is one of many blocks in blockchain which are the chain links and form the Bitcoin blockchain. Approximately every 10 minutes, a new block is added to the chain. There are...
31 May 2020 3 minute read 0 comments Thalers-r
The Block Header is one of the 5 elements in a Bitcoin block. Regardless of how many transactions are stored in a block, a Bitcoin Block Header of a Bitcoin block is always 80 bytes and consists of 6 elements as shown below 1) Version Number: It h...
23 May 2020 1 minute read 0 comments Thalers-r
A magic number is a number at the beginning of (or near to beginning) a file that identifies type of a file. It is also called “magic bytes” and/or “file signatures”. It is like a package of a candy bar. You can think of package as a magic number....
21 May 2020 4 minute read 0 comments Thalers-r
Before diving into this, if you have not already, I recommend you take a look at what a hash is by clicking here, because having a grasp of what hash is, is essential to fathom merkle tree structures. Merkle Root is a hash, at the end of a merkle tre...
19 May 2020 5 minute read 0 comments Thalers-r
Ever wondered that what hash is, you often come by while browsing web or reading stuff. Here is a simplified explanation. Number Bases A hash is just a number. A big number in Base 16. OK baby steps, we all know about base 10 which includes numbers w...
