Privacy and Bitcoin
How private is Bitcoin? Why do cybercriminals ask for payments in Bitcoin? Here is an explanation.
Tag: bitcoin
Transactions in Bitcoin
In one of my previous posts, I had given an overview of how transactions occur. Now I’ll explain how transactions are actually accounted and performed. Parallels with real currency In Bitcoin and other cryptocurrencies forked/derived from it, transactions are accounted in a way similar to how physical currency is accounted for when exchanging for goods […]
Crypto Wallets
A cryptocurrency/crypto wallet is a far cry from physical wallets where we store our usual money. In fact, the name is quite misleading, because unlike real world wallets, crypto wallets don’t store money within them. They don’t even store cryptocurrencies. Instead the money is stored on a decentralized ledger, called a blockchain. From a high […]
Bitcoin Mining
A lot of people may have heard about Bitcoin, and even know what it is. But very few know the real reason behind Bitcoin mining, other than earning money. If you have no prior knowledge of Bitcoins and blockchains, I would recommend my previous posts here. In this post, I will be explaining what mining […]
Myths about Bitcoin
“Bitcoins are worthless !”, said someone. But is it true?
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