What is Bitcoin mining and how it’s done
Bitcoin mining is a process by which crypto-transactions are verified and also added to the public ledger called Blockchain
HomeMarket What is Bitcoin mining and how it’s done
What is Bitcoin mining and how it’s done
Bitcoin mining is a process by which crypto-transactions are verified and also added to the public ledger called Blockchain
Bitcoin price today plunged to further low in India Bitcoin mining involves compiling latest held transactions into blocks and solving a computationally cumbersome puzzle.
In the world of today, almost all have a fair amount of understanding about what Bitcoin phenomenon is all about. However, ‘Bitcoin mining’ is still to be understoood fully. Bitcoin mining is not only a process that helps the crypto-assets function as required, but also a technique that helps in launching news Bitcoins to digital wallets all across the world. So, what’s Bitcoin mining all about? In simple terms, the process followed by which crypto-transactions are verified and also added to the public ledger called Blockchain, in turn helping release if Bitcoins is called Bitcoin mining. Bitcoin mining involves compiling latest held transactions into blocks and solving a computationally cumbersome puzzle. You don’t need anything but a good internet connection and a computer to carry on with Bitcoin mining.
more...http://www.financialexpress.com/market/what-is-bitcoin-mining-and-how-its-done/1093614/
Bitcoin Drops 20% But Wasn't Week's Big Crypto Price Loser
If February was bad for the crypto market, March hasn't fared better.
Bitcoin's (BTC) repeated failure to beat inverse head-and-shoulders neckline resistance saw bears come in full force, pushing prices to a one-month low of $8,371 Friday. As of writing, the world's largest cryptocurrency by market capitalization is trading at $8,970, according to CoinDesk's Bitcoin Price Index.
But the 28 percent drop from BTC's March 5 high of $11,660 had broader implications, pushing the market capitalization below $350 billion for the first time since Feb. 14.
The sell-off in BTC seems to have roiled broader markets, a trend evident by the fact the top 25 cryptos by total value are all reporting weekly losses.
As such, while bitcoin has depreciated by 20.98 percent week-on-week, it's notably not the top loser of the week, with TRON, ICON and IOTA ranking higher on bigger losses.
more....https://www.coindesk.com/bitcon-price-btc-usd-worst-performing-crypto-march-9-2018/
Fake 'Telegram ICO' Websites Just Won't Go Away
Would-be investors in Telegram's multibillion-dollar initial coin offering (ICO) have quickly become a favorite target for scammers.
CoinDesk has identified as many as nine more websites claiming to sell the Telegram token after previously reporting on another fake website, which claimed to be run by the "Telegram Foundation."
Most of the sites claim that the token pre-sale will end sometime this weekend, with the price listed near $1. Notably, the first bogus website identified by CoinDesk has since been taken down.
Many of the websites found in CoinDesk's review are similar, with several sharing common design elements, while other sites are blatant clones of each other. Additionally, several of the sites use identical language to describe their purported offering:
more....https://www.coindesk.com/gram-scam-fake-telegram-ico-websites-just-keep-popping/
Vitalik Reveals New Idea for Plasma Scaling On Ethereum
In a surprise appearance at the ethereum community conference EthCC in Paris on Friday, ethereum founder Vitalik Buterin presented a scaling solution for Plasma, a system of smart contracts that seeks to increase the computational potential of the world's second-largest blockchain.
Created by Buterin and Bitcoin Lightning Network co-creator Joseph Poon last year, the scaling solution is one of many under development that aims to boost the capacity of ethereum, specifically working by creating a layer of smart contracts that can interact with the main blockchain.
more....
https://www.coindesk.com/vitalik-reveals-new-idea-plasma-scaling-ethereum-event/
Don’t Regulate Crypto, Regulate Financial Institutions, Says EU Banking Authority Chair
Andrea Enria, the chairperson of the European Banking Authority (EBA), said that it could be more efficient to prohibit banks and other financial institutions from holding and selling cryptocurrencies, than to directly regulate crypto, the Financial Times (FT) reported Friday, March 9.
Enria’s remarks follow the recent movement toward cryptocurrency regulation in Europe. Yesterday, March 8, the European Commission released its “Action Plan” designed to develop an EU-wide regulatory framework for fintech, including Blockchain. Last week, the Governor of the Bank of England commented that crypto should be regulated and not “banned outright.”
more....
https://cointelegraph.com/news/dont-regulate-crypto-regulate-financial-institutions-says-eu-banking-authority-chair