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Cryptocurrencies

From Bitcoin to Litecoin, here’s a look at the biggest and most innovative cryptocurrencies and how they work

What is a hash rate?

Bitcoin miners are much like the Ringo Starr of the crypto market. Quite literally hidden in the background or network in our example, miners aren’t usually at the forefront of any discussions or articles you may have read about Bitcoin….

1 minute read

Why is mining necessary?

The process of mining gold can be understood as it is a mineral found deep underground that can only be reached and salvaged using mining equipment. But can the same be said for something that only exists on computers?  While…

2 minute read

What is a mining pool?

The more active miners there are on a blockchain, the harder the mining process is, with fewer rewards given each time a new block is mined. Mining pools were created in order to deal more effectively with the increasing difficulty…

1 minute read

What is SegWit?

Segregated Witness (SegWit) refers to a process to reduce the requirements for processing Bitcoin transactions by allowing information to be processed more efficiently to speed up the network. Specifically this refers to digital signatures used to verify transactions, which take…

1 minute read

What is a mainnet?

yet up and running. It is used by programmers and developers to test out new features or search for problems in their application or blockchain network. 

1 minute read

What is a decentralised oracle network (DON)?

A decentralised oracle network (DON) is a group of independent third-party services that actively seeks out real-world data such as weather updates or financial information and feeds it back to the blockchain, providing a bridge between the decentralised and centralised worlds.

1 minute read

What is DeFi?

Instead of your local bank holding your money, restricting who you can and can’t transfer it to and charging you fees for using their services, in a decentralised environment, you hold your funds in a secure digital wallet and can send money from anywhere in the world to anyone in the world almost instantly, just by having access to an internet connection. 

1 minute read
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