This blog will aid you to learn about various digital assets and a little bit about mining.
26 May 2020 2 minute read 1 comment CryptoUser
The TON is dead, long live Free TON! After two and a half years of development, Telegram announced the shut down of its TON project, which raised $1.7 billion in 2018 from high-profile investors. The launch of TON was scheduled for October 2019, bu...
25 May 2020 2 minute read 2 comments CryptoUser
DAI’s $4 million debt bubble and lessons learned. The Maker Protocol was put under extreme stress during the Black Thursday market crash. DAI is a dollar-pegged stablecoin backed by crypto. Borrowers mint DAI by depositing 150% collateral (in ETH o...
24 May 2020 3 minute read 0 comments CryptoUser
Google deleted 49 Chrome browser extensions that were hijacking crypto wallets, targeting users of Ledger, Trezor, Jaxx, MEW, MetaMask, and others. Some of the malicious extensions came with fake five-star reviews, and were phishing for mnemonic phra...
24 May 2020 2 minute read 0 comments CryptoUser
Bitcoin’s third block reward halving happened on May 11 with a secret message embedded in the penultimate block #629,999 mined by F2Pool. The message says: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”. This refers to...
23 May 2020 2 minute read 0 comments CryptoUser
Blockchain-based currencies use encoded strings, which are in a Base58Check encoding with the exception of Bech32 encodings. The Base58Check encoding includes a prefix (traditionally a single version byte), which affects the leading symbol(s) in th...
22 May 2020 3 minute read 0 comments CryptoUser
The correct way to create a Bitcoin address is to use well tested, open source, peer reviewed wallet software. Manually handling keys has resulted in funds loss over and over again. Unlike other centralized systems losses in Bitcoin are usually unrec...
19 May 2020 4 minute read 2 comments CryptoUser
The Internet Protocol of Bitcoin A Bitcoin wallet address, a string of 26-35 alphanumeric characters, is all it takes to send and receive bitcoin. Any bitcoin address format can be used to transfer to any other address format on the network, provid...
9 May 2020 2 minute read 0 comments CryptoUser
Bitcoin’s scheduled third block reward halving on May 12 at block #630,000 will drop the mining rewards from 12.5 to 6.25 BTC per block, decreasing the annual growth of the Bitcoin supply from 3.7% to 1.8%. Bitcoin mining profitability has recently...
3 May 2020 4 minute read 0 comments CryptoUser
At present, the global lock down situation is reaping rewards for large scale, more efficient bitcoin miners and makes smaller operations less profitable. This also becomes dependent on geolocation, cost of electricity, currency devaluation, how old...
3 May 2020 2 minute read 7 comments CryptoUser
Now there is an opportunity for miners to help fight the COVID 19 pandemic, a highlight for the modern day distributed crowd computing. The initiative is aiming to involve individuals across the world to offer and contribute there hardware to simulat...
