Recently we wrote what is bitcoin ,but today we tell more easily. So, blockchain technology, the underlying cryptocurrency bitcoin, has been attracting more and more people’s attention. However, in most cases this term is used as some kind of magic spell, as a result, it is only clear to a normal person that it is cool, but nothing else is clear. In fact, there is no magic, of course – the technology is arranged beautifully, but it is not that complicated. Let’s try to explain how it all works, literally on our fingers – without complicated mathematical formulas and technical terms that only g ..read more

Gambling with Bitcoin Needless to say, there is still a lot of excitement around Bitcoin and the world of online gambling. The reasons are varied because this is not only a safe and reliable payment method that does not disclose the personal data of its users but also makes it possible to play in casinos in places prohibited by laws and jurisdictions since your payments and receipts do not come from a bank or any other payment system, which can be monitored and tracked absolutely all transactions made. Now, due to the simplified payment procedure, it has become much easier to replenish the bal ..read more

The Bitcoin Blockchain is the distributed transaction ledger that records every bitcoin transaction that has ever taken place. The ledger is secured using cryptography. Transactions are bundled together in the form of “blocks” and miners around the world compete to add these blocks to the blockchain. To add a block to the chain they have to do a lot of repetitive calculations of sha256sum hashes. If they succeed to find the right hash they get to add a block of transactions to the chain. Block Subsidy Their reward for this work is the block subsidy or block reward as well as the transaction fe ..read more

Electrum 2.0 was released a while back. Since then there have been a few bug fix releases to this branch as well. Here’s whats new in the Electrum 2.0.x versions: Support for certain hardware wallets like the Trezor. A lot of hardware wallet vendors have been working to add support in Electrum. BIP32. BIP32 is a standard for deterministic wallet extended private keys and public keys. Electrum only supports 1 BIP32 account. The mnemonic format has also changed with 13 word mnemonics the new standard. Multisig wallets. You can now create 2 of 2 or 2 of 3 multisig wallets with Electrum. Multisig ..read more

Bitcoin is a decentralized peer to peer digital currency system. Bitcoins can be used for any sort of transaction anywhere in the world. Bitcoin has the following characteristics: Decentralized means that there is no central authority like a central bank that issues bitcoins. Peer to peer means that bitcoin transactions are verified by the global network of bitcoin users. Bitcoins are based on cryptography and, when used properly, are extremely safe and secure. Bitcoin transactions are irreversible, pseudo anonymous, cost very little, and are very fast. These are just some of the facts about ..read more