Bitcoin Mining – How Do Miners Process Transactions Inside The Blockchain?

May 11, 2020, was a big event for Bitcoin miners. The third halving transitioned, cutting the supply of bitcoin in half, from 12.5 to 6.25 BTC every ten minutes for every mined block. But what exactly is mining? It is a ubiquitous term associated with the Bitcoin network and many other cryptocurrencies. Yet many explanations go only as far as indicating the importance of processing transactions, securing the network, and making transactions near-instant. This guide lets you understand more of…

Blockhain Hashing Algorithms Explained – All You Need to Know

A Hash is a central concept in all modern communication, storage, and security. Some might even call Hashing the backbone of the internet. But when we say hash, what do we mean? Is it simply something to do with random numbers? Are numbers that important? This introduction may seem difficult to understand, yet the concept is not difficult at all. Of course, we will not enter into the details of the algorithm's functioning, but we will describe it in essence…