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Smart contracts can completely subvert existing business logic. Currently, blockchain technology and cryptocurrencies are widely discussed, yet self-executing smart contracts on the blockchain are often overlooked or even misunderstood. In the same way that the Internet has revolutionized the way people process information and communicates with each other, smart contracts will also fundamentally change the way …

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After the popularization of mobile Internet and smartphones in the past few years, I believe that almost everyone knows what APP (short for application). In the blink of an eye, we entered the blockchain era, and a new term, DAPP (Decentralized Application), appeared. I often see developers at the forefront of technology asking: What is …

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The data brought by the blockchain cannot be tampered with, and all NFTs can circulate transactions safely, but what practical use does NFT have? The first prominent area is digital collectibles. For example, a crypto kitty, a piece of equipment in a large game, or a piece of art. NFT can correspond to all unique digital …

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Nowadays, Artwork-related news based on NFT makes it almost impossible for anyone using the Internet to avoid using this term. No matter what social media platform and news media you choose. It also brings to mind many questions: What NFT stands for? NFT meaning? NFT vs Cryptocurrency? Is NFT a cryptocurrency? How NFT art is …

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Mining is used as a metaphor for adding new bitcoins into the bitcoin system because it requires (computational) work, just as mining gold or silver requires (physical) effort. Of course, the tokens found by miners are virtual and only exist in the digital ledger of the Bitcoin blockchain. Why do you need to mine Bitcoin? Since …

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Mining rewards will be paid to the miner who discovers the solution to the puzzle first, and the probability of the participant becoming the solver is equal to a part of the total computing power on the network. Participants with a small amount of computing power have a very small chance of discovering the next …

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Bitcoin mining rewards are reduced by about half every four years. When Bitcoin was first mined in 2009, 50 BTC will be obtained by mining a block. In 2012, this number was halved to 25 BTC. By 2016, this number was again halved to 12.5 BTC. On May 11, 2020, the reward was halved again to 6.25 BTC. What …

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Everyone is searching this technology, what is bitcoin? What is bitcoin mining? How does bitcoin mining work? I am explaining this entire question in this article.  First we know what does bitcoin mining mean? What is Bitcoin Mining? Bitcoin mining is the process of adding new Bitcoin into circulation; it is also a way for …

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In this article, you can understand the Proof of Work (POW) in blockchain technology. But before understanding the Proof of Work (POW), you should first know the blockchain consensus, what is consensus or how it works? Blockchain Consensus: So what is the blockchain consensus mechanism? The system ensures that everyone in the network uses a mutually …

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