ABSTRACT Bitcoin is a cryptographic peer-to-peer electronic token that is most well known as a version of money that allows online payments to be sent directly from one party to another without the need for a trusted third party. Many recent studies evaluate and have been critical of Bitcoin’s energy usage by Proof of Work […]
Why you need a hardware wallet for your Bitcoin There are several different types of wallets available for storing and making transactions with your bitcoin. Each type has a variety of pros and cons, but since security is arguably the most important consideration, a hardware wallet is a must. A hardware wallet is a small […]
Since wallets are a familiar term for storing money, the digital version has the same name. There are many (many!) different wallets you can use, but we’ll start with the two basic categories: cold storage and hot wallets. Cold storage refers to a wallet that is not connected to the internet and refers to any […]
Bitcoin is a cryptocurrency, also known as a digital currency. Computers create bitcoin in a process referred to as mining. The actual process is finding the solution to extremely complex mathematical questions and recording them in a ledger. While such calculations and recordings can be done with pen and paper, that isn’t a feasible method. […]