How do Miners Compete for Bitcoins – Proof of Work for Bitcoin Mining
In my earlier post, I had covered What is Bitcoin mining? There are now so many Miners all over the world, each one competing with each other, using software made specifically to... Read More | Share!
What is “Blockchain”
A blockchain is a public ledger wherein all Bitcoin transactions are recorded. It is growing constantly with ‘completed blocks’ adding up as more and more miners are mining the Bitcoins. The blocks are added to... Read More | Share!
What is Bitcoin Mining :
Bitcoin transactions are taking place day in and day out. Since these are financial transactions, the Bitcoin software requires someone to keep a record of these transactions. This is done by collecting information related to a... Read More | Share!