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Cryptocurrency Explained

Cryptocurrency’s Friendliest Ghosts

You have probably heard of Ethereum. If not and you want to find out more, check out this great explanation of Ethereum here. Now, as you will be aware if you have watched the video linked above, Ethereum at the time of writing uses a consensus mechanism called ‘Proof of Work’ (POW). POW is the […]

Categories
Cryptocurrency Explained

Bitcoin Mining Explained

To gain a basic explanation of how the Bitcoin protocol works, check here: A Basic Explanation of Bitcoin If you have been researching Bitcoin you’re likely to have come across the term ‘Bitcoin Mining’ and you may be wondering what it really is. When I first heard of Bitcoin mining, I immediately started thinking of […]