In cryptocurrency, proof-of-work is system that uses hard-to-compute but easy-to-verify functions to limit exploitation of cryptocurrency mining.
Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
A bitcoin is an encrypted, pseudo-anonymous, open source, decentralized, digital currency, capable of adaptive scaling, that uses a proof-of-work system.
Bitcoin works by using encryption to transfer bitcoins between bitcoin wallets. Confirmed transactions are recorded on a public ledger (block chain).
Cryptocurrency isn’t anonymous, but it is secure. Essentially coin owners use a public key tied to a private key to secure transactions. This means the public key can hypothetically be used to glean information about a real-world identity.
Bitcoin mining is a way of describing the process of confirming transactions to the block chain. This process creates new bitcoins.
Bitcoin is the original, highest valued, and most well known cryptocurrency. On this page we take a look at exactly what makes a Bitcoin a Bitcoin.
You may know what bitcoin is and how to get it, but still be left wondering why you should care. There are quite a few unique properties of the bitcoin protocol which act as appealing reasons to use this cryptocurrency over other traditional currencies. In this section, we’ll look at some of the common reasons people use bitcoin and . . . read more
Bitcoin is legal in the US, but it’s legality can be fuzzy in different parts of the world.
Bitcoin is extremely secure, but not impossible to break. Security threats to bitcoin exist and we discuss them below.