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Have you ever wondered how “Bitcoin mining” and “Block Rewards’ works? Below is a succinct summary from MintDice who delve into the ins and outs of Bitcoin mining some different mining software available. What is Bitcoin mining? A common understanding is that the Bitcoin network is secured by collective groups of people known as miners. But outside of that, there are many technicalities to the entire mining process. Bitcoin mining is a lucrative venture that...

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We have previously delved into the story and evolution of ledgers, and how it has shaped blockchain technology. Now we want to delve into cryptoeconomics and how the new technology can change and improve services. Institutional economics understands the economy is made of rules. Rules (like laws, languages, property rights, regulations, social norms, and ideologies) allow dispersed and opportunistic people to coordinate their activity together. Rules facilitate exchange — economic exchange but also social and political exchange...

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Blockchain is a digital, decentralised, distributed ledger. But what does that really mean? We thought we would delve into what ledgers are and how they’ve been a fundamental part of companies and traditional economy structures. Most explanations for the importance of blockchain start with Bitcoin and the history of money. But money is just the first use case of blockchain, and it is unlikely to be the most important. It might seem strange that a ledger — a...

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With so much talk on Bitcoin hard forks, we pulled together a quick guide on Bitcoin Gold, getting down to the detail, characteristics and people’s views on the future of the chain. What is Bitcoin Gold? Only a few months after the Bitcoin Cash hard fork, the Bitcoin blockchain experienced another community-driven hard fork known as Bitcoin Gold (BTG). Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain...