The physical asset Blockchain can excel in helping to track any physical asset. This includes: Fruit and vegetables. Gold and silver bullion, or any other precious metal. Can blockchain be used for physical assets? The use of blockchain technology to track physical assets is not new. However, the state of the art concepts are not […]
How did people get the first Bitcoins? On , Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida, for 10,000 BTC, an amount that would surpass $600 million if held in April 2021. When was Bitcoin worth $1? 2011: Bitcoin Breaks $1 Bitcoin broke $1 in April 2011, entering its […]
Why has the price of Bitcoin soared by over 1000% over the last few years? Another reason for Bitcoin’s price appreciation is its growing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form […]
What is my BCH wallet address? You can find your Bitcoin Cash (BCH) or Bitcoin (BTC) address for receiving payments into your Bitcoin.com wallet by tapping “Receive” on the bottom toolbar of your wallet. Your address will be the long string of numbers and letters directly below the QR code for that address. How can […]
Do you get paid for running a full node Bitcoin? While there are no monetary rewards, running a full Bitcoin node comes with its own intangible benefits. For example, it increases the security of transactions conducted by a user. This is especially important if you plan to conduct multiple bitcoin transactions in a day. How […]
They’re simply a representation of a public key. So, you cannot know when an address is “created.” How is a BTC address created? The bitcoin address is derived from the public key through the use of one-way cryptographic hashing. A “hashing algorithm” or simply “hash algorithm” is a one-way function that produces a fingerprint or […]
How long do unconfirmed transactions take? within 24 hours Yes, unconfirmed BTC transactions can be canceled if the blockchain does not approve a Bitcoin transaction within 24 hours. It is considered unconfirmed until at least three miners do not confirm every transaction via the mining process. If you don’t get a confirmation within this time, […]
Mining is the process of extracting useful materials from the earth. Some examples of substances that are mined include coal, gold, or iron ore. Iron ore is the material from which the metal iron is produced. The process of mining dates back to prehistoric times. What are the 5 stages of mining process? The mining […]
Where can I find XRP address? Each wallet has its own unique receiving address. This is a sequence of numbers and letters, and a ripple address always begins with an ‘r’. A receiving address is similar to a bank account number. You can find it in your wallet under the tab or button ‘Receive’. How […]
How does a company accept Bitcoin? Coinbase Commerce allows you to accept crypto payments from multiple wallets. Overstock uses BitPay to accept Bitcoin as a payment method on its online checkout. You can also add checkout buttons directly to your product pages. Coinbase Commerce allows you to accept crypto payments from multiple wallets. Can Bitcoin […]