You Gonna Learn Proof of Work Today! Woah, woah! Wait a freaking second! Is someone about to scroll past this post and not read it? Do you already know it? No? So, you're choosing to not learn about something that is integral to some blockchain protocols? Wow!🤯 I've never heard of something more ridiculous. To choose ignorance?! WOW! (If you said yes, you enjoy your whole day, you genius!) Thankfully YOU decided to learn something today with all that big brain 🧠 energy!…
Hi! new to read.cash! this is the first community i've joined on here, is there anything I should be aware of?
Newbies, Come Learn About Mining PT3 When you join Crypto, you have two options: buy into the hype or buy into the technology. If someone joins for the hype, they'll leave when it dies down. If someone believes in the value this technology offers, I bet they'll stick around. This is why I think it is so important for newbies to be educated in this space. It's up to the crypto-community to contribute to the growth of this well educated community and I really want to do my…
Newbies, Come Learn About Mining PT2 Now that you know how nodes on a network verify transactions, I will explain how the transactions are 'confirmed' and added to the blockchain. If you missed my other post, take a moment to read it right here so you're in the loop: https://read.cash/@d23711/newbies-come-learn-about-mining-b157ad66 Confirming Verified Transactions As I mentioned in my previous post, the miners on the network verify the legitimacy of a transaction by…
Newbies, Come Learn About Mining! Now that you know that blockchain is a peer to peer, decentralized and distributed ledger, it's time to understand how these transactions are added to the chain. (Here is a link to my other post if you didn't know that about Blockchain https://read.cash/@d23711/newbies-come-learn-about-blockchain-centralization-and-decentralization-c7d6d417). Since blockchain is decentralized, the network relies on it's community of miners to review and…
Newbies, Come Learn About Blockchain, Centralization and Decentralization! By now, you've probably heard the buzz of Cryptocurrency; Elon likes Doge, Bitcoin's for Boomers, Waves to the moon! But Crypto is much more than just a new digital currency, it's all about the technology it's built on, which is (say it with me now) BLOCKCHAIN! What is Blockchain? In the simplest of terms, blockchain is an innovative and revolutionary code. Although it is mostly associated with…
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How crypto works
