The beauty of Bitcoin is the stability and security of its blockchain, or its public ledger of transactions. Considered virtually unhackable, the Bitcoin blockchain is bolstered by a series of checks and balances within its community: miners are decentralized and located around the world, nodes that store the blockchain run software that ensures transactions align to Bitcoin protocol (and if they don’t, they’re rejected), the proof of work consensus says that only new blocks can be created after agreement from the network, and the blockchain is constructed in such a way that transactions are permanent and can’t be altered. …Read more
“How would you feel if you got a 50 percent pay cut? What if you knew in advance exactly when it was going to happen, and still there was nothing you could do to stop it?
It’s an unpleasant idea for anyone, but it’s pure reality for anyone deep into crypto.”
– Philip Salter, Head of Operations, for Hackernoon. October 3rd 2019