In the common discourse, Bitcoin is often treated as a revolutionary new concept in how we handle our funds, substituting irreversible finance with reversible, automatic with prepaid, asymmetrical with...
MF Global traces its roots back over two centuries, starting as a sugar trading business in 1783, slowly expanding the range of its activities, but staying within the market...
On March 1, web hosting provide Linode’s servers were hacked, resulting in a theft of 3000 BTC from Slush and, most severely, 43000 BTC from Bitcoinica. There have been...
The Network and the BlockchainThe Bitcoin network is the network of computers through which Bitcoin transactions are broadcasted and which maintains the public blockchain. Sometimes, the term is used to...
CryptographyA hash is a function which transforms any number or string into a fixed size output which is impossible to do in reverse without trying all possible inputs. As...
In this part we will talk about “pooled mining” and compare the different approaches.With increasing block generation difficulty, mining essentially becomes a lottery, as it may take years before...
Bitcoin is a new kind of digital currency originally created by Satoshi Nakamoto in 2009. Of course, the idea of digital money is not new; for many years now...
Client side browser wallets almost exactly resemble managed online wallets in terms of how they appear to the user, but the key difference is how they work behind the...
In a managed online wallet, everything is controlled by the wallet’s provider. You have an account with the provider with a username and password, much like an email account...
