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 … Continue reading Terms associated with cryptocurrency

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Bitcoin Mining and Blockchain – All you need to know

Introduction It indeed is always good to know the basics before learning the┬ábig 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 … Continue reading Bitcoin Mining and Blockchain – All you need to know