September 8, 2019 / by admin1 / Uncategorized
Threats Bitcoin protocol is not stable yet, its version is now just 0.15.1. The first stable version usually starts at 1. Bitcoin developers say that *“Bitcoin is an experimental digital currency…”* Bitcoin price is going up nowadays, people are putting their money into it. They should know that in case of security leak, or technological failure, their assets […]
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Overview of blockchain and bitcoin (Part 4)
September 8, 2019 / by admin1 / Uncategorized
Threats Bitcoin protocol is not stable yet, its version is now just 0.15.1. The first stable version usually starts at 1. Bitcoin developers say that *“Bitcoin is an experimental digital currency…”* Bitcoin price is going up nowadays, people are putting their money into it. They should know that in case of security leak, or technological failure, their assets […]
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Overview of blockchain and bitcoin (Part 3)
September 8, 2019 / by admin1 / Uncategorized
Limitations 1. Time Bitcoin blocks size are limited to 1MB. This rule limits number of transactions can be stored in each block. Blocks are added to blockchain every 10 minutes. So this allows only 7 transactions added to bitcoin blockchain every second. But that’s not the only story about speed. Some transactions, like transfer bitcoin […]
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Overview of blockchain and bitcoin (Part 2)
September 8, 2019 / by admin1 / Uncategorized
Block Block is where transactions are grouped, sealed and stored. Transactions grouped together by a mechanism called Merkle tree. Computer will hash all transactions in a block, to find Merkle root. Merkle root hash is stored in block header. If a transaction cannot find another one to form a pair, it is hashed with itself. […]
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Overview of blockchain and bitcoin (Part 1)
August 20, 2019 / by admin1 / WordPress
Disclaimer Articles in this series use contents from many resources in the internet, whose roots are hard to trace. Majority of ideas are from secondary research. We also do not provide any financial information, such as which cryptocurrency to invest, when to buy or sell, or price prediction. We are only taking a look on technology […]
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