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What is Bitcoin Mining?


Bitcoin mining is done by specialized computers.

The role of miners is to secure the network and to process every Bitcoin transaction.

Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”).

For this service, miners are rewarded with newly-created Bitcoins and transaction fees.

What is the Internet of Things?


What is the Internet of Things?

The internet of things or IoT is a system of interrelated computing devices, mechanical and digital machines, object, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

A things in the internet of things can be a person with a heart monitor implant, a farm animal with a bio chip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low or any other natural or man-made object that can be assigned an IP address and is able to transfer data over a network.

Increasingly, organizations in a variety of industries are using IoT to operate more efficiently, better understand customers to deliver enhanced customer service, improve decision making and increase the value of the business.


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How do cryptocurrency wallet work?


Hi.
Good Morning,

How do cryptocurrency wallets work?

Contrary to popular belief, crypto wallet don’t truly store cryptocurrencies. Instead, they provide the tools required to interact with a blockchain. In other terms, these wallet can generate the necessary information to send and receive cryptocurrency via blockchain transactions. Among other things, such information consists of one or more pairs of public and private keys.

The wallet also includes a public address, which is an alphanumeric identifier that is generated based on the public and private keys. Such an address is, in essence, a specific “location” on the blockchain to which coins can be sent to. This means you can share your public address with others to receive funds, but you should never disclose your private key to anyone.

The private key gives access to your cryptocurrencies, regardless of which wallet you use. So even if your computer or smartphone gets compromised, you can still access your funds in another device – as long as you have the corresponding private key (or seed phrase). Note that the coins never truly leave the blockchain, they are just transferred from one address to another.
 

What is a crypto wallet? Who knows?


Hello everyone, 

Some of you guys maybe did not know about crypto wallet.
Look at the picture above, that a simple explaination about what is crypto wallet?
Hope this will help you guys to understand about crypto wallet.

And don't forget to join our group telegram for more information
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"All cryptocurrencies are blockchains, but all blockchains are not cryptocurrencies."


People nowadays always talked about blockchain and bitcoin everywhere. Actually, do you know what is a cryptocurrency?