Now that you know “How Ethereum Mining Works“, you may want to know how to compete in the race to mine ether yourself – How To Mine Ethereum? To recap, mining is the glue that holds ethereum’s ‘decentralized app store’ together by ensuring that it comes to consensus on each change to any of the […]
Today, miners play an important role in making sure ethereum works. How Ethereum Mining Works? This role isn’t immediately obvious, though. Many new users think that the sole purpose of mining is to generate ethers in a way that doesn’t require a central issuer (see our guide “What is Ether?“). This is true. Ethereum’s tokens […]
Now that we’ve covered what ethereum is, let’s dive deeper into how the platform functions under the hood How Ethereum Works. Consider the online notebook application described in “What is Ethereum?” Using ethereum, the app doesn’t require one entity to store and control its data. To accomplish this, ethereum borrows heavily from bitcoin’s protocol and […]
Who Created Ethereum? In 2008, an unknown developer (or developer group) invented bitcoin as a new way to send value over the internet. Four years later, a 19-year-old dreamed up a new platform based off of this innovation in an effort to transform the internet entirely. Vitalik Buterin, a programmer from Toronto, first grew interested […]
The thought of using ethereum might sound intimidating, but it could be rewarding. If the ‘unstoppable world computer’ develops according to plan, it could provide alternatives to the Facebooks and Googles that many people use everyday (as explained in “What is Ethereum?“). Ethereum might not be as intuitive as the web as we know it […]
Ether As we explored in “What is Ethereum?“, ethereum aims to function both as a kind of decentralized internet and a decentralized app store, supporting a new type of application (a “dapp”) in the process. So What Is Ether? But while no one owns ethereum, the system that supports this functionality isn’t free. Rather, the […]
Before you can understand What is Ethereum, it helps to first understand the internet. Today, our personal data, passwords, and financial information are all largely stored on other people’s computers – in clouds and servers owned by companies like Amazon, Facebook, or Google. Even this TheCoinRise article is stored on a server controlled by a […]
What is Bitcoin Lightning Network? Hailed as one of the most potent solutions to cryptocurrency scaling currently under development, the lightning network effectively creates a layer on top of bitcoin, enabling fast and cheap transactions which can net settle to the bitcoin blockchain. Proposed by Thaddeus Dryja and Joseph Poon in a 2015 white paper, […]
SegWit (short for Segregated Witness) is a protocol upgrade that changes the way data is stored. It was activated on litecoin on May 10, 2017, and on bitcoin on 23 August, 2017. Developer Pieter Wiulle first presented the idea at the Scaling Bitcoin conference in December 2015. Many hailed it as a long-awaited solution to […]
A few years after Satoshi Nakamoto unleashed his bitcoin paper on the world, the cryptocurrency’s users began to notice a potential problem: bitcoin wasn’t very liquid. Can Bitcoin Scale? For a system that many claimed could replace fiat payments, this was a big barrier. While Visa handles around 24,000 transactions a second, bitcoin could process […]
How Does Bitcoin Cloud Mining Work? If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins. Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a […]
How to Set Up a Bitcoin Miner? There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This guide to Set Up a Bitcoin Miner explains each of them and talks about how to make them work. By this stage, you will understand how bitcoin works, and […]
When you hear about bitcoin mining, you envisage coins being dug out of the ground. But bitcoin isn’t physical, so why do we call it mining? AsicMinerValue will be a helpful guide to you to calculate mining profitability Because it’s similar to gold mining in that the bitcoins exist in the protocol’s design (just as […]
Understanding Bitcoin Price Charts Whether you already own bitcoin or plan to get some, sooner or later you’ll want to know how much the cryptocoins are worth when converted to your currency of choice. Later, you may want to know whether to hang onto your coins or to sell them – hopefully making a little […]
While we may not know who he (or she) was, we know what he did. Satoshi Nakamoto was the inventor of the bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008. He then released the first version of the bitcoin software client in 2009, and participated with others on the project […]
As the market capitalization of the cryptocurrency market shoots up, through price movements and a surge in new tokens, regulators around the world are stepping up the debate on oversight into the use and trading of digital assets – Is Bitcoin Legal? This affects all cryptocurrencies, but especially bitcoin, given its market leadership and integration […]
A simple version of a bitcoin transactions: If I want to send some of my bitcoin to you, I publish my intention and the nodes scan the entire bitcoin network to validate that I 1) have the bitcoin that I want to send, and 2) haven’t already sent it to someone else. Once that information […]
How to Accept Bitcoin Payments for Your Store? With this in mind, here is our guide to accepting bitcoin in a physical store. One issue holding bitcoin back from wider adoption is the lack of businesses that accept the bitcoin currency as payment. This is a chicken-and-egg problem. If more businesses had the ability to […]
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