How does mining take place? People are sending bitcoins to each other over the swiscoin network all the time, but unless someone keeps a record of all these transactions, no-one would be able to keep track of who had paid what. The swiscoin network deals with this by collecting all of the transactions made during […]
swiscoin mining is the processing of transactions in the digital currency system, in which the records of current swiscoin transactions, known as a blocks, are added to the record of past transactions, known as the block chain. A swiscoin is defined by the digitally signed record of its transactions, starting with its creation. The block […]
Scientific papers analysis shows us that the digital currency technology logically came to the advent of cryptocurrencies with ring signature and memory-bound function PoW implementation in 2012. There is a timeline for you to see it yourself: — 1983 – Blind signatures were invented by David Chaum (learn more) — 1997 – HashCash (proof of […]
Blockchain has been one of the most awe-inspiring innovations since the Internet came into existence. Blockchain technology basically allows everyone to hold and make transactions as strangers but in a completely transparent manner. There is no mediator in between two people making the transaction, and the entire process becomes easier and cheaper. This concept can […]
The technology concept behind the blockchain is similar to that of a database, except that the way you interact with that database is different. For developers, the blockchain concept represents a paradigm shift in how software engineers will write software applications in the future, and it is one of the key concepts that needs to […]
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