Blockchain is generally considered a topic of complex technical nature. An important requirement to advance in the blockchain space is to understand how certain technical elements mutually interact and cohere with each other (especially when trying to understand crypto-economics or crypto-law). This in turn requires a basic familiarity with its…

Bitcoin has been a fairly strange phenomenon ever since it was invented. Mostly in the beginning it attracted quite a peculiar audience, which is probably thanks to its private nature. It’s probably safe to say that a lot of heavy Bitcoin users have something to hide financially speaking, hence they…

It’s quite an understatement to say it’s been a little bit of a rollercoaster for Tesla and its’ shareholders this year. The stock is undoubtedly one of the most interesting ones to follow lately as it continuously faces heavy volatility amidst unpredictable movements of its CEO, Elon Musk. …

Mining difficulty is the degree that determines how hard it is for miners in terms of hashing power (and thus also time) to find an eligible hash aka signature for their block (a block of transactions needs an eligible hash to be verified and added to the blockchain). On the…

In the night of July 31st, 2018, an unprecedentedly large Bitcoin long position was liquidated on Chinese cryptocurrency exchange OKEx. The position had a staggering combined value of $416,000,000 USD (four hundred sixteen million) on entry. The crypto community is known for making rather large bets, but this trade was…

Nodes and masternodes are an increasingly discussed subject in blockchain lately. And rightfully so, because nodes are a critical component of a blockchain’s infrastructure. Without nodes, a blockchain’s data would not be accessible. You could say that nodes are the blockchain. Infrastructure A blockchain exists out of blocks of data. These…

In 2017 the spirit of Bitcoin really got out of the bottle. After years of silence, Bitcoin’s valuation suddenly rapidly rose from about $1,000 to almost $20,000. A lot of people reinvented themselves as ‘professional crypto-trader’. Yes, there was a lot of money to be made for a short period…

A 51% attack or double-spend attack is a miner or group of miners on a blockchain trying to spend their crypto’s on that blockchain twice. They try to ‘double spend’ them, hence the name. …

Ever wondered how the mining process on a blockchain works, or how a transaction gets confirmed and is added to the blockchain? So have I. And since I couldn’t find any clear step by step explanation of this process, I decided to write one myself. Here is how a blockchain…