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Blockchain Basics Guides

Understand the technology powering cryptocurrencies. Learn how blockchain works, the difference between proof-of-work and proof-of-stake, what makes networks secure, and how smart contracts enable decentralized applications.

Blockchain Basics•2 min

Make The Most of Your Money: 6 Cryptocurrency Tips (3 Mistakes To Avoid)

Learn how to maximize your cryptocurrency investments with essential tips and avoid common mistakes. Discover key cryptocurrency tips to maximize your investments and avoid common pitfalls. Learn how

Oct 14, 2022

Nova Reyes

Markets Navigator

Blockchain Basics•2 min

Cryptocurrency – A Comprehensive Guide for Beginners

This guide covers the basics of cryptocurrency, including its definition, types, and reasons to invest, helping beginners navigate the crypto market.

Sep 21, 2022

Nova Reyes

Markets Navigator

Blockchain Basics•2 min

Taproot Upgrade: Everything You Should Know

The Taproot upgrade enhances Bitcoin transactions by streamlining processes, improving efficiency, and increasing privacy.

Feb 21, 2022

Nova Reyes

Markets Navigator

Blockchain Basics•2 min

Will Bitcoin Ever Reach its Maximum Supply Value of 21 million?

Bitcoin is a leading cryptocurrency with a maximum supply of 21 million coins. This article explores whether Bitcoin will ever reach this limit and the implications.

Feb 7, 2022

Nova Reyes

Markets Navigator

Blockchain Basics•2 min

Investing in Cryptocurrency ETFs Beneficial for Prospective Investors

Investing in cryptocurrency ETFs can boost liquidity and provide a safer trading option for prospective investors. Discover the benefits of investing in cryptocurrency ETFs for prospective investors.

Jan 25, 2022

Nova Reyes

Markets Navigator

Blockchain Basics•2 min

How Do You Mine Bitcoin? Is It Worth It? Bitcoin Mining Process

Bitcoin mining is the process through which new Bitcoin units enter circulation. This article explains how Bitcoin mining works.

Dec 22, 2021

Nova Reyes

Markets Navigator

Blockchain Basics FAQ

Blockchain is a distributed digital ledger that records transactions across many computers. Each block contains transaction data, a timestamp, and a link to the previous block, creating an immutable chain. This makes it nearly impossible to alter historical records.

Proof-of-work (PoW) requires miners to solve complex puzzles using computing power (Bitcoin uses this). Proof-of-stake (PoS) selects validators based on how much crypto they 'stake' as collateral (Ethereum uses this). PoS is more energy-efficient but has different security tradeoffs.

Blockchain security comes from: decentralization (no single point of failure), cryptographic hashing (linking blocks), consensus mechanisms (requiring network agreement), and immutability (extremely difficult to alter past records). Attacking a major blockchain would require enormous resources.

Nodes are computers that maintain a copy of the blockchain and validate transactions. Full nodes store the entire blockchain history, while light nodes store only essential data. More nodes mean greater decentralization and network resilience.