Bitcoin: Let’s Get Back to the Basics
There’s a lot of excitement surrounding discussions about the blockchain and its 2.0 possibilities. In the midst of all this hype, people often forget that a good percentage of the world still do not know what bitcoin is or how to use it. A 2014 report from the Wall Street Journal claimed that 76% of consumers have not heard of Bitcoin. Even though a....
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In this episode of "The Van Wirdum Sjorsnado," the hosts discuss the basics of the Lightning Network and its challenges. The post The Lightning Network Basics appeared first on Bitcoin Magazine.
Unless you've been living under a rock for the past few years, you'll have heard about bitcoin, but how much do you really know about this form of cryptocurrency? Find out with our Bitcoin Basics Quiz. Quiz; bitcoinQuiz
In just a few days, bitcoin will have been in development for six years. For those of us who watched it grow from a humble Windows-only desktop application to today's global infrastructure, bitcoin's technology is simultaneously astonishing and frustrating. We marvel at how far it's come, and yet are impatient with how far it still has to go. Most media stories reviewing bitcoin's 2014 focus exclusively on the price. So, instead, let's take a look at what we achieved as a community this year, and take a look ahead at where things might go in 2015. Nailing the basics. Bitcoin 0.1 was a....
Welcome back to Bitcoin Taxes, our special series over Bitcoin taxation with Mr. Daniel Winters. This week, we will be talking about what you should do when you work for Bitcoin rather than fiat currency. As a reminder, be sure to read last week’s article which covered the basics of Bitcoin taxation within the United States if you have not done so already. Each week we will build upon the previous article to cover a wide range of topics. You can comment with your specific questions in the comments field and Daniel and I will go through them and try to answer as many as we can on next....
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.