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Mining pools what they are?

By Lumai Mubanga. [email protected] Due to the potentially higher costs related to the mining of bitcoins, mining pools were born. Just what are they and what are some pros and cons? Before we explain mining pools, let us briefly explain the types of bitcoin miners. Bear in mind that types of miners are different from […]

The concepts of Blockchain technology

By Wirba Brice Divine Ransinyuy. [email protected] Nowadays, Blockchain has become a renowned word in both private and public institutions. Though blockchain was officially launched in January 2009 by Natoshi Sakamoto, it was already existing since 1991, as it was in another form, brought out by Stuart Haber and W. Scott Stornetta. It was a cryptographically […]

Digital signature schemes – How they work?

By Lumai Mubanga. [email protected] All cryptocurrency users have two types of digital signatures. These are private and public keys. Recall that both messages and transactions are sent over the Bitcoin network pseudonymously and trustlessly. This is achieved partly through the use of digital signatures. Transactions contained in previous blocks of the blockchain are tamper-proof, meaning […]

The force of Digital currency

By Wirba Brice Divine Ransinyuy. [email protected] Digital currency is no longer something new in the world of finance. Yet it is no longer a new term and a new currency in the market, it keeps on bringing debate among experts, nations and financial systems with each trying to surpass the other one in its uses […]