Category: cryptocurrency

Cryptocurrency is basically decentralized digital money, based on blockchain technology. Blockchain technology is simply a decentralized and distributed ledger that records the ownership of a digital asset. What is the main point of cryptocurrencies? The main point of cryptocurrency is to fix the problems of traditional currencies by giving power, control, and responsibility of currency or assets to currency holders. You must have heard about Bitcoin and Ethereum, the two most famous cryptocurrencies. Bitcoin was first released as open-source software in 2009 and was the first decentralized cryptocurrency. We may know about only some popular ones but according to CoinLore, there are more than 5,000 different cryptocurrencies in circulation to date. According to Jan Lansky, a cryptocurrency is a system that meets six conditions. A currency system that does not…

Bitcoin is a decentralised digital currency which works without a central bank or single administration. It was started by Satoshi Nakamoto. Bitcoin is now world’s first in the list of cryptocurrency. Now, with increase in technology, fast racing world there are a wide range people competing for bitcoins too. As the people are increasing their investments without even checking what they have done because of seeing people becoming a crypto millionaire. But luck not always with you so, every individual need to know few basic things to not become a victim of fraud or because of being naïve. Here, are few things that one needs to understand and be aware off. Firstly, never believe everything directly which is available on internet. Always you will have to check with trustworthy sources…

Hashpower is that power of your system which is used when your computer or PC needs to solve or run all those hashing problems related algorithms. Basically, these are used in a process called mining for new transactions. Hashpower calculator is used as a tool to measure or check in how much time the output of has function has been calculated. This even tells the speed of your processor in an indirect way. Hashpower convertor calculator is required in present times to understand the exact rate of hash power of your computer or PC to use your new ASIC miner or new GPU mining rig. This conversion makes your PC work more efficiently. You can convert the hash power from one unit into another by using this hash power converter…

Satoshi is the smallest unit of the Bitcoin currency. Bitcoin currency was created in 2009 for transactions with no middleman. This currency can be used to book hotels in Expedia, shop on Overstock and purchase the Xbox games. Satoshi calculator is a type of calculator which is used for converting BTC or Satoshis type of currency into any other type of currency that exits in the world. The other currencies like USD, EUR, AUD, INR etc. The added advantage of using the Satoshi Converter Calculator is that it not just converts the currency but also shows the user the current value of Bitcoin or Satoshi in the user’s currency. This is of great piece of information for the users. Next, is how to use this type of calculator. Steps to…

Ethereum is a software technology that is a decentralized and an open-source block chain. This comes with smart contract functionality which is a native cryptocurrency of the platform. In today’s market this is the largest cryptocurrency decided by market capitalization after Bitcoin. Mining software is used in the field of cryptocurrency. There are specialized tools which are used by your computer power for mining the cryptocurrency and in return you will receive a monetary reward which is of digital currency. Now, for Ethereum is the fastest and rapidly increasing in popularity among the shareholders. Though it is already the second largest in the market after the bitcoin, the question is how to find the best Ethereum miner software? before knowing the best Ethereum miner software ensure that you have a…