Hashes

Hash functions are a one-way mathematical problem. If a person has the resulting hash, it is impossible to convert it back to the original data.

After three solo bitcoin miners found valid block hashes themselves in January, netting more than $200,000 in BTC each, many are asking how.

Bitcoin offers an irreversible digital property function that prior to its invention simply did not exist.

Head First Mining is a trick proposed by former Bitcoin Core lead developer Gavin Andresen. With Head First Mining, miners don’t wait for the complete block to arrive before they start mining a subsequent block. Instead, they immediately mine on top of the block header as soon as they receive it, and also forward the header to other nodes. This obviously saves time.

If you can understand the organization of ants, you can understand MaidSafe.Alone, by itself, an ant is both vulnerable and easily marginalized. Yet when...

Adam Back and Austin Hill announced on Let’s Talk Bitcoin their newest project: “sidechains”. The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin.

In the past year or so, it has come to be a known fact in Bitcoin technical circles that Bitcoin, in its current form,...

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...

One of the main arguments in favor of fiat currencies as opposed to currencies based on a scarce resource, whether gold, silver or Bitcoins,...