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What is the Lightning Network?

When you make a Bitcoin transaction, it needs to be approved by the network before it can be completed. This is done by miners. Bitcoin’s scalability problem Bitcoin can currently process, on average, seven transactions per second, while the cost…

· 2 minute read

What is a dApp?

A dApp is an interface for smart contracts and the blockchain. Think of a blockchain as the internet, smart contracts as the World Wide Web, and decentralised applications as YouTube or Facebook. A dApp is essentially a decentralised application or…

· 1 minute read

What will happen once all Bitcoin are mined?

Bitcoins are created as rewards granted to miners for solving blocks in the Bitcoin blockchain, thereby ensuring its security. When Bitcoin was created, it was written into its protocol that the supply of Bitcoin would be restricted to 21 million….

· 1 minute read

What is a fork in a blockchain?

A blockchain fork is a collectively agreed upon software update. Bitcoin is created by participants in the community called miners. They verify transactions in new blocks and add these to the Bitcoin blockchain. Miners keep cryptocurrencies like Bitcoin in circulation…

· 2 minute read

What is the difference between Bitcoin and blockchain?

Bitcoin and blockchain are often used interchangeably, but they’re not the same thing. Bitcoin is, rather, an application of blockchain technology. Think of it like Google and the internet. Google runs on the internet and wouldn’t exist without it, but…

· 2 minute read