This week, the USA security service published a report about a case when a hacker was guessing private keys on Ethereum blockchain. Beside that, the service established around 700 private keys that were weak enough and could be guessed easily. A blockchain bandit was found, who actually did it: guessed weak private keys and got
The personal account of Andrew Torba, a founder of a social media platform Gab, has been blocked. The news was tweeted on the 4th of January. The business account of the social media platform was closed in December previous year. The main reason for its getting a payment processor was that the platform is known
When you dig into the details of Bitcoin, it’s almost an unbelievable tale about how to create money. Although it seems like fiction, it’s actually the best-known version of digital currency in use today. To help you wrap your head around what it is, what it does and how to earn Bitcoins, I pulled together
Cryptocurrency and Token – Differences Cryptocurrency is a kind of a puzzle for those who do not know the topic very well. The blockchain, their technology, doesn’t help to understand the cryptocurrencies, as it is all about computing language and complicated terminology. That is why, many are interested in cryptocurrency, but not many can start
The blockchain has changed many fields of life, including the financial field. The blockchain is decentralized, it doesn’t need intermediaries. Fees for transactions inside of the blockchain are very low comparing to other systems. Blockchain has its issues but they are so insignificant comparing to its advantages, that is why the network attracts attention of
Ethereum is the second popular cryptocurrency in the world, after bitcoin. If Ethereum can be called a currency. Ethereum is not just a cryptocurrency itself, it allows many other cryptocurrencies be developed and exist. Though, some more words about what Ethereum is, how it works and why we may need it. Ethereum and Bitcoin: Similar
When it comes to traditional money, as soon as the government of the country needs money, it prints more money. As simple as that, ideally, money shall be backed up by some assets, like gold, silver, etc., but it is not always the case. Though we know that money and trust it. The story is
Bitcoin is a kind of cryptocurrency. It means that it is created digitally, managed digitally, etc. – all about crypto-space. This cryptocurrency is decentralized, it means that nothing and nobody can control it. Bitcoin is not printed or otherwise is created in a physical form. They are produced, or mined by people all around world.