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Who Created Ethereum?

In 2008, an unknown developer (or developer group) invented bitcoin as a new way to send value over the internet. Four years later, a 19-year-old dreamed up a new platform based off of this innovation in an effort to transform the internet entirely. Vitalik Buterin, a programmer from Toronto, first grew interested in bitcoin in …

How to Use Ethereum

The thought of using ethereum might sound intimidating, but it could be rewarding. If the 'unstoppable world computer' develops according to plan, it could provide alternatives to the Facebooks and Googles that many people use everyday (as explained in "What is Ethereum?"). Ethereum might not be as intuitive as the web as we know it today, but …

What is Ether?

As we explored in "What is Ethereum?", ethereum aims to function both as a kind of decentralized internet and a decentralized app store, supporting a new type of application (a "dapp") in the process. But while no one owns ethereum, the system that supports this functionality isn't free. Rather, the network needs 'ether', a unique piece …

What is Ethereum?

Before you can understand ethereum, it helps to first understand the internet. Today, our personal data, passwords and financial information are all largely stored on other people's computers – in clouds and servers owned by companies like Amazon, Facebook or Google. Even this article is stored on a server controlled by a company that charges …

What is the Lightning Network?

Hailed as one of the most potent solutions to cryptocurrency scaling currently under development, the lightning network effectively creates a layer on top of bitcoin, enabling fast and cheap transactions which can net settle to the bitcoin blockchain. Proposed by Thaddeus Dryja and Joseph Poon in a 2015 white paper, the idea is based on a …

What is SegWit?

SegWit (short for Segregated Witness) is a protocol upgrade that changes the way data is stored. It was activated on litecoin on May 10, 2017, and on bitcoin on 23 August, 2017. Developer Pieter Wiulle first presented the idea at the Scaling Bitcoin conference in December 2015. Many hailed it as a long-awaited solution to bitcoin's scaling problem. The maximum block size in the …

Can Bitcoin Scale?

A few years after Satoshi Nakamoto unleashed his bitcoin paper on the world, the cryptocurrency's users began to notice a potential problem: bitcoin wasn't very liquid. For a system that many claimed could replace fiat payments, this was a big barrier. While Visa handles around 24,000 transactions a second, bitcoin could process up to 7. Unless something could …

How to Make a Paper Bitcoin Wallet

A bitcoin paper wallet is simply a public and private key printed together. It is an offline wallet, and is usually regarded as a type of "cold storage" (extra-secure storage that does not make contact with the hackable internet), although it has some important differences that make its presence in that category debatable (more on …

How to Calculate Mining Profitability

Are you serious about mining cryptocurrencies? If so, you need to know how to make the best use of your money and equipment. In this guide, we'll show you how to mine your digital treasure in the most profitable way. Obviously, the big money is going into costly bitcoin ASICs. If you are already in that …

How Does Cloud Mining Bitcoin Work?

If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins. Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets …

What are Bitcoin Mining Pools?

One of the first questions that anyone interested in mining cryptocurrencies faces is whether to mine solo or join a 'pool'. There are a multitude of reasons both for and against mining pools. However, if the hash rate distribution across the bitcoin network is anything to go by (and it is) then most miners are opting to join …

How to Set Up a Bitcoin Miner

There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This guide to setting up a bitcoin miner explains each of them, and talks about how to make them work.   By this stage, you will understand how bitcoin works, and what mining means. But we need to …

How Bitcoin Mining Works

When you hear about bitcoin "mining," you envisage coins being dug out of the ground. But bitcoin isn't physical, so why do we call it mining? Because it's similar to gold mining in that the bitcoins exist in the protocol's design (just as the gold exists underground), but they haven't been brought out into the light yet (just …

Understanding Bitcoin Price Charts

Whether you already own bitcoin or plan to get some, sooner or later you'll want to know how much the cryptocoins are worth when converted to your currency of choice. Later, you may want to know whether to hang onto your coins or to sell them – hopefully making a little profit in the process. However, …

Who is Satoshi Nakamoto?

While we may not know who he (or she) was, we know what he did. Satoshi Nakamoto was the inventor of the bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008. He then released the first version of the bitcoin software client in 2009, and participated with others on the project via mailing lists, until …