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
Gold has been a valuable commodity since it was discovered thousands of years ago. The Egyptians are one of the earliest cultures to have fashioned gold into jewelry and for other ornamental purposes, marveling at gold’s natural shine, durability, malleability, and wonder.
Gold’s appeal has not diminished over the centuries, nor has its store of value. It is about to be the year 2020, and yet there is arguably no safer way to preserve your wealth than to buy gold. Yet, there is still some misunderstanding about gold by the general public, as evidenced by our recent survey How Well Do Americans Understand Money?
Crypto mining is the method by which Bitcoin or other cryptocurrency transactions are verified and added to the blockchain. This can be done by anyone with mining hardware — from independent individuals to scaled cloud mining facilities. These crypto miners run the “proof of work” math on their computers to verify crypto transactions, and when they add a block to the blockchain, they are rewarded for their work with newly created Bitcoin, as well as transaction fees. Without crypto mining, there would be no Bitcoin, no blockchain — and especially no decentralization to the entire system.
April 1st is the only day of the year where people actually expect to be punked or fooled. But there are 364 other days where you also shouldn’t let others fool you. We are talking about scammers. Of course, it would be exhausting and unpleasant to live like that every day of the year, but a healthy portion of awareness comes in handy.
We have collected the 3 worst scam efforts we ever witnessed to warn you about online thieves.