Eclipse Attacks: Ethereum Finally Fixes The Simplest of Flaws

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The serious Eclipse flaw represented a hole which made it possible for anyone with enough skills to trick online users into frauds such as double spending. Hackers could also use the same flaw to exploit smart contracts. As far as market capitalization goes Ethereum currently holds the most of it after Bitcoin. That is why …

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Bitcoin Mining: How To Start Right From Your Mom’s Basement

Bitcoin mining

There are a lot of things you need to know before you go ahead and jump into the businesses of mining cryptocurrencies. This guide will explain those “a lot of things” to you right here and right now. A lot of people have a soft spot for those clever little cockamamie get-rich-quick money schemes. Well …

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Bitcoin: 3 Embarassing Questions You Don’t Want To Ask Anyone

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Bitcoin has dropped some of its value in the last couple of weeks. Hence, this is the perfect time to come up with an explainer which sheds some light on the very basics of Bitcoin. Bitcoin has once again weathered a wrenching selloff. In other words, it has fallen from a high price of around …

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Bitcoin Network Is Changing The World Through Skyrocketing Fees

Bitcoin network

Transaction fees for Bitcoin payments can go as high as $28. What is wrong with that? Well, there is nothing wrong with that per se. Except for the fact that you wouldn’t want to use it for small payments. And this is why some believe Bitcoin is itself destroying its value for people who want …

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Hackers Steal $100000 Worth Of Bitcoin Over Public Wireless Network

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About a week ago the Australian police department confirmed that hackers, or cyber criminals, managed to transfer Bitcoins with worth more than 100,000 euros or about $117,000. Hackers stole that amount of money in the form of Bitcoin from an individual’s account while he had logged in to his account while in a restaurant using …

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Bitcoin Gold Will Now Try To Out Run Bitcoin With Democracy

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It is no secret that big mining companies dominate Bitcoin. To change that, we have Bitcoin Gold. But what is it? How does it work? And how is it any different from the mainstream Bitcoin network? Let’s try and answer these questions in the next couple of paragraphs. Bitcoin Gold is the latest and the …

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Bitcoin Price Goes Down But Bitcoin Cash Doubles Its Own

Bitcon Cash

Bitcoin is again mired in more controversy than ever. All the while its rival, Bitcoin Cash, has seized on the opportunity and gained significant ground over Bitcoin in terms of its value. So how much is Bitcoin worth now anyway? Let’s just say that one Bitcoin will now fetch you a little less than $5900. …

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How To Stop Pirates? Use Bitcoin Bounty Hunters.

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Pirates have taken the game of piracy to unimaginable levels. Nowadays there is not a piece of content on earth that you can’t find on the various torrent sites that exist online. And that has made anti-piracy organizations along with copyright holder groups anxious. How do they get rid of their anxiety? Work. They have …

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Bitcoin And its Scaling Problems. Will Bitcoin Improvement Plan Help?

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Bitcoin is great. It is almost invincible. Except that it has a huge scaling problem. But some believe that Bitcoin may finally have found a solution to that massive scaling problem. Before we get into the details of the problem and the solution, let’s first discuss what on earth is BIP 91. And more specifically, …

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How Much Energy Does Bitcoin Use? A Lot It Turns Out.

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For the first part of this post go here. Moving on. As we discussed earlier, Bitcoin is not everyone’s golden panacea for anonymous, decentralized online payment. In other words, it consumes a lot of energy. Yes. That did come out rather unexpected. For some, Bitcoin eats up a bit too much energy. But how much …

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