Terms associated with cryptocurrency

Double-Spending There can be a possibility that the holder of the digital token can copy it and send it to a merchant while keeping the original to himself. Double Spending is the risk that a digital currency can be spent twice. However, Bitcoin has a mechanism based on transaction logs to verify the authenticity of [...]

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The Hash

A Hash is a cryptographic function which converts an input stream of words and letters into an encrypted output of fixed length. Hashing involves processing the data from a block through a mathematical function, which results in an output (encrypted data) of a fixed length. Using a fixed length output increases security, since it wont [...]

Bitcoin Mining and Blockchain – All you need to know

Introduction It indeed is always good to know the basics before learning the big lesson. It is highly advisable that you read about Hash and some terms associated with cryptocurrency before you dive into the ocean of Bitcoin Mining and Blockchain. What is a Block and Blockchain? The Bitcoin network witnesses a great deal of transaction [...]

Bitcoin News

Profits from Bitcoins to be taxed between 20% and 30% in India The windfalls that the Bitcoin investors have been making may soon be under the taxmen's radar as IT department is planning to tax it between 20% and 30% depending upon the holding period of such investments.   While this is being seen as [...]