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What are Public and Private Keys?
Public key cryptography, also known as asymmetric cryptography, is a type of cryptographic algorithms that operate with the help of two separate keys — private and public keys. These two are different, but at the same time they are mathematically related to one another. The keys have unrelated functional
What’s new in Warsaw? Bitcoin Embassy Meetup!
The Polish Bitcoin Embassy organised a meetup which took place in Warsaw, Poland on October 2, 2014. About twenty Bitcoin enthusiasts, mostly entrepreneurs and programmers, listened to presentations and shared experience.
CNY vs. USD or How is Bitcoin Traded?
Many of you may wonder about the currency distribution within the Bitcoin ecosystem. In order to answer this question we should analyse statistical data and compare the distribution rate of various fiat currencies. Currently, there are two different resources available for our research — bitcoinity.org and coinometrics.com — both
Mining Hardware News Roundup: Butterfly Labs, GAWMiners and More
The last few weeks have been rather active when it comes to Bitcoin mining news, and one company in the Bitcoin mining industry has been shutdown by the FTC in the United States. Although much of the news in the Bitcoin mining hardware industry has been negative over
5 Most Unusual Places to Accept Bitcoin
While most Bitcoin enthusiasts are aware of being able to spend their Bitcoins on electronics, furniture, or clothes at sites like tigerdirect.com, newegg.com, and overstock.com, there are quite a few other companies offering some more unusual products and services for the digital currency. From online dating to Church donations
What are Bitcoin Payment Service Providers?
Bitcoin payment service providers (PSP) enable customers and merchants to buy easily and sell goods over the internet using Bitcoins. Bitpay, one of the leading Bitcoin payment service providers, is the main processor for many leading industries such as Newegg, Shopify, and Gyft. Before checkout, most websites normally have
Video Interview with Jeffrey Smith, CIO of CEX.IO
“I had the pleasure of meeting Jeffrey Smith, CEX‘s CIO in the CoinsCrum’s after party for the Inside Bitcoin conference recently held in London. A lot has been said recently about Ghash and a possible attack on the Bitcoin network, but as conservative as it may sound, no real solution has
CEX.IO Adds Euro Support
We are proud to announce adding Euro support to CEX.IO Bitcoin Crypto Exchange. With the new pairs, traders will be able to buy and sell Bitcoin, Litecoin and Dogecoin for Euro. It is the second fiat currency for CEX.IO following the release of USD, which has been officially open
What are the Orphaned Blocks?
There are plenty of people out there who are upset at the amount of computing power and electricity that is currently going into Bitcoin mining, and these people would likely be even more upset after learning about the intricacies of orphaned blocks. Although the first person to find a
How to Track Bitcoin Difficulty
For anyone who is entering the Bitcoin mining industry, difficulty is one of the most important statistics to track on a regular basis. There are plenty of different factors to look at when it comes to figuring out whether or not a Bitcoin mining operation is going to be