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What Is Crypto Mining? Mining used to be about precious metals, but it has acquired a new meaning. In this article, learn about crypto mining and how it works. What Is Crypto Mining?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain16 Dec 2022|INTERMEDIATE|7 MIN READWhat Is Crypto Mining?Mining used to be about precious metals, but it has acquired a new meaning. In this article, learn about crypto mining and how it works. Key Takeaways: Mining, in the crypto lexicon,…
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…Three main types of cryptographic algorithms include symmetric encryption, asymmetric encryption, and hash functions.In symmetric encryption, commonly called secret-key cryptography, the sender and receiver use the same key to encrypt and decrypt electronic data. The condition here is that the key is agreed upon ahead of the transaction and kept secret. Thanks to its simplicity, symmetric encryption can quickly process large amounts of data and is typically used for bulk encryption. The drawbac…
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…Bitcoin mining nodes store the entire blockchain and include Application-Specific Integrated Circuit (ASIC) hardware to process cryptographic hash functions and add blocks to the blockchain. Since mining nodes compete with each other to be the first to create a new block and claim a reward, they require very powerful and energy-intensive hardware. When miners are the first to create a new block, they receive new bitcoins, known as mining rewards. In addition to incentivising miners, this helps…
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…While this may sound like a lot, it is still low compared to more established transaction systems like Visa, which can handle thousands of tps. Encoding Information in a Block: Cryptographic Hashes It is the cryptographic encoding that makes blockchain so secure, where cryptographic hash functions transform a collection of data into an alphanumeric string with a fixed length, called a hash value. Even tiny changes in the original data will drastically change the resulting hash value. It’s es…
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…While this may sound like a lot, it is still low compared to more established transaction systems like Visa, which can handle thousands of tps. Encoding Information in a Block: Cryptographic Hashes It is the cryptographic encoding that makes blockchain so secure, where cryptographic hash functions transform a collection of data into an alphanumeric string with a fixed length, called a hash value. Even tiny changes in the original data will drastically change the resulting hash value. It’s es…
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…While this may sound like a lot, it is still low compared to more established transaction systems like Visa, which can handle thousands of tps. Encoding Information in a Block: Cryptographic Hashes It is the cryptographic encoding that makes blockchain so secure, where cryptographic hash functions transform a collection of data into an alphanumeric string with a fixed length, called a hash value. Even tiny changes in the original data will drastically change the resulting hash value. It’s es…
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What Are Bitcoin Layer-2s and How Do They Work? Read more about Bitcoin Layer-2s — a new class of protocols bringing scalability and programmability to the Bitcoin network. What Are Bitcoin Layer-2s and How Do They Work?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin6 Feb 2025|INTERMEDIATE|5 MIN READWhat Are Bitcoin Layer-2s and How Do They Work?Read more about Bitcoin Layer-2s — a new class of protocols bringing scalability and programmability to the Bitcoin netwo…
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Cryptographic Hash Function A succinct definition of Cryptographic Hash Function Cryptographic Hash FunctionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOGRAPHIC HASH FUNCTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptographic Hash FunctionA cryptographic hash function is an algorithm with a repeatable sequence of specific actions. This sequence is used to transform a variable-length arbitrary data string into a fixed-length format called a hash.For …
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Bitcoin vs Dogecoin: Comparing the World’s First Cryptocurrency to the Ultimate Meme Coin Bitcoin and Dogecoin may both be cryptocurrencies, but they differ in design, purpose, economics, and community culture. See how they compare. Bitcoin vs Dogecoin: Comparing the World’s First Cryptocurrency to the Ultimate Meme CoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins4 Jun 2025|BEGINNERS|7 MIN READBitcoin vs Dogecoin: Comparing the World’s First Cryptocurrency to…
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What Are Block Explorers and How Do They Work? Block explorers allow anyone to view transactions on a blockchain. Here’s how they work and how to access them. What Are Block Explorers and How Do They Work?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain16 Jun 2023|INTERMEDIATE|4 MIN READWhat Are Block Explorers and How Do They Work?Block explorers allow anyone to view transactions on a blockchain. Here’s how they work and how to access them. Key Takeaways: A bloc…
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