Blockchain Hash Function A hash function takes an input string (numbers, alphabets, media files) of any length and transforms it into a…
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role of bitcoin miners
Basic Components of Bitcoin In this section, we are going to learn about the four basic components of bitcoin. These four elements…
Blockchain Data Management As we are aware, Blockchains are distributed structures that follow peer-to-peer networks and inherit the advantages of a peer-to-peer…
Blockchain DAO The DAO stands for Decentralized Autonomous Organization. As the name implies, it is an organization which is both autonomous and…
How to Choose Bitcoin Wallet In this section, we are going to learn the process of choosing the bitcoin wallet. If you…
Key Concepts of Bitcoin There are four key concepts that you need to aware in Bitcoin. These are: Disintermediated Distributed Decentralized Trustless…
Blockchain Distributed ledger A distributed ledger is a type of database that is consensually shared, replicated, and synchronized among the members of…
Limitation of Blockchain Technology Blockchain technology has enormous potential in creating trustless, decentralized applications. But it is not perfect. There are certain…
Blockchain Double Spending Double spending means spending the same money twice. As we know, any transaction can be processed only in two…
Role of Bitcoin Miners To understand the role of bitcoin miners, let us first understand Bitcoin Mining. Bitcoin Mining Bitcoin mining is…
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