Category: Bitcoin

Abstract: In the last decade, numbers of papers were published about blockchain and cryptocurrencies. We evaluated a portion of the well-known cryptocurrencies, and every cryptocurrency has its own pros and cons. It is a tedious task for the researchers to select a cryptocurrency, which is ideal to implement and also demonstrates better outcome on a…

You have probably heard of Bitcoin. It has been one of the most commonly searched words on google for the past 3 years, yet most people still don’t understand what it is or how it works, and when people don’t understand how something works, we tend to stay away from it. Bitcoin has been called…

There are many people that dont know much or have heard false information about Bitcoin. Bitcoin is a cryptocurrency which takes advantage of a peer-to-peer (P2P) connection. A P2P connection is a type of connection that utilizes a direct link between both parties without going through a central server or administrator. Everyone should support the…

Nowadays, just about everything is going digital. It was only a matter of time before money ended up going that way too. Most of us are familiar with digital payment options including online card payments and inter/intra bank fund transfers. In 2009, the world saw its very first digital currency. A developer named Satoshi Nakamoto…

How can a virtual currency that exists in computer hard drives, manifest heated discussion and poses a real-world threat to the environment? The brief answer is Bitcoin mining. Since its foundation in 2009 by a mysterious group led by Satoshi Nakamoto, Bitcoin has offered roughly 410 million transactions between millions of accounts. As of today,…