Hashing algorithm

The 2020 Bitcoin halvening

Per the rules set out in the Bitcoin whitepaper, the block confirmation subsidy (or reward) halves every 210,000 blocks. That’s generally every four years, and the next is estimated to happen on 14th May 2020. Originally 50 BTC per block, it dropped to 25 in 2012 and to 12.5 BTC in 2016. After May 2020, […]

China’s bitcoin miners scoop up two-thirds of crypto-network’s processing power

LONDON – China’s bitcoin miners now control two-thirds of the crypto-network’s processing power, research showed on Wednesday, a growing share that is likely to benefit the country’s miners. Miners in China control 66 percent of the global “hashrate,” a measure of the power of computers hooked up to the bitcoin network that dictates their ability […]

What is a Merkle Tree?

A Merkle tree is like is a binary tree like structure that condenses all the transactions to be hashed into a block. The way it works is like a traditional binary tree. Merkle Trees are used in many cryptographic functions to provide efficient data storage and reduce the level of data needed to prove something […]

What is a Cryptocurrency Hashing Algorithm?

Cryptocurrency algorithm or hashing algorithm – is a mechanism that encrypts virtual currency or digital currency. Some algorithms can be used in multiple cryptocurrencies because the number of cryptocurrencies today exceeds the number of existing algorithms. Miners decrypt this algorithm (seek hash). If the decryption is successful the new block is generated. This block stores […]

Halving and Hashrate

Commenting on the potential impact of halving on BTC price, Garrick Hileman, the research head at Blockchain said that: Cryptocurrency markets are often very event-driven, and as we get closer to the next halving bitcoin’s price will receive a boost from those anticipating the forthcoming reduction in new supply. In the months leading up to the […]

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