How does a blockchain-type Distributed Ledger system work?

In order to explain the operation of blockchain-type Distributed Ledgers, it can be useful to refresh the mind on how traditional Ledgers operate, ie the “old” “Ledgers “. How old ledgers work Companies, but above all banks and public administrations have used Ledgers to manage the accounting and archiving of data and accounting transactions. The … Read more

How to earn from the bitcoins

Mining is a way using which you can easily earn money from bitcoin. When you let the computer calculate, a new coin is generated, and the transaction fee of this newly generated coin and Bitcoin becomes the reward (mining reward). This calculation refers to the authentication work of Bitcoin transactions using the mechanism of blockchain … Read more

Digital Gold: Bitcoin Poised as Newest Safe Haven Asset in 2020

A new report reveals that bitcoin is quickly accelerating to become the safe-haven asset of digital currency markets. Since the advent of bitcoin, following the massive economic crumble in 2008- cryptocurrencies have offered a viable solution to many of the issues the global financial world’s fiat falls prey to.  Or at least that’s what inventor … Read more

Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware

Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. Demand slumped … Read more