Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized networks of computers around the world that verify and secure blockchains – the virtual ledgers that document…
Even though Bitcoin is digital money, it can’t be created endlessly. Verifiable scarcity is core to its value proposition. Foundational to the Bitcoin protocol are two concepts relating to scarcity. First, there will only ever be 21 million bitcoin. (As…
With Bitcoin hitting new all-time highs and major news breaking almost every day, it seemed like a good time to look at some of the biggest myths and misconceptions people tend to have about the world’s first cryptocurrency, see if they have any merit,…
Bitcoin is a type of digital currency that was first invented in 2008 by an unknown person or group of people with the pseudonym Satoshi Nakamoto. This money is not controlled by any government and is not centralized. With traditional…