The benefits of blockchain technology, Bitcoin included, are indisputable. Yet, it features several flaws pertaining to speed, transaction fees, and security, all of which affect scalability. In an ...
Google is encouraging businesses and security practitioners to utilize cryptographic hashes like SHA-256, a Secure Hash Algorithm which serves as the basis of the Bitcoin network’s proof of work (PoW) ...
Cryptocurrency has undeniably transformed the financial landscape, with Bitcoin and Litecoin emerging as trailblazers in the realm of decentralized digital currencies. At the heart of these blockchain ...
The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture. Assets of all kinds are being ...
In the early 2020s, quantum computing hit the public spotlight as a potential threat to Bitcoin. Relying on SHA-256 cryptographic hash function for its proof-of-work network consensus, Bitcoin’s value ...
Intel this week announced details of its new Blockscale ASIC chip designed specifically for more efficient blockchain computing than CPUs or GPUs. It first said it was making such a chip just two ...
Imagine taking a block of data and turning it into a unique string of characters. Like giving it a digital nickname that never changes (unless the data does!). That’s a hash. Whether the original data ...
Ever wonder how long it would take to mine a block into the Bitcoin blockchain by hand? Well, wonder no longer because blogger Ken Shirriff has done the work for you with a pencil and paper. In an ...