Dear learner, I am very enthusiastic about learning new techniques and skills to upgrade my knowledge. So, In the past few weeks, I have gone through some courses and official websites that helped me to get knowledge about bitcoin and cryptocurrency. I am currently exploring more about it. So, I have found some of the important links and documentation that might help beginners to add new skills.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Bitcoin Strengths and Weakness:
1. Online-only
Advantage: Good for apps, No physical thing to steal
Disadvantages: Only as good as online security & infrastructure
2. Decentralized
Advantages: No single point of failure, Nobody can stop you from using it
Disadvantages: No recourse, No official information sources
3. Relies on Blockchain and Miners
Advantages: The technology works, It's completely open( and Open-source)
Disadvantages: Network Limitations, Mining economics aren't perfect
Bitcoin For Developer: Link: https://developer.bitcoin.org/devguide/block_chain.html
4. Value is Relatively Unproven
Advantages: It enables now-unknown applications, Volatility: value could go way up
Disadvantages: Those applications might not be interesting
5. Level Playing Field
Advantages: Truly International, Treats Everyone equally
Disadvantages: Potentially high fees, long wait times
6. Problems Solved By Blockchains:
Ordering events(to prevent double-spending)
Recording transactions publicly and securely
Bitcoin's place among cryptocurrencies:
Ethereum gets around the problem by using a second internal form of value called Gas to figure out how much you should pay the network. It is a rather complicated relationship, described in detail in this so-called yellow paper. In theory, this means that the cost of running programs should remain stable, as the layer of Gas counteracts changes in the price of Ether. In other words, a crypto-currency can be expressed as a smart contract.
Yellow paper Link: https://gavwood.com/paper.pdf
Litecoin, which is one of the larger alternative coins, also uses proof of work, but with a different algorithm. Some cryptocurrencies use a completely different security system altogether. Ripple uses something called ledger consensus, NEO coin uses proof of stake, Iota uses a directed acyclic graph, and so on. The mining process can vary by quite a bit. Neither Ripple nor Iota uses mining at all and Litecoin's mining favors a different computer architecture from Bitcoins.
If you want to check transactions using a public hash key, transaction hash, block you can check out the Link: https://etherscan.io/tokens
Transactions Speeds: How Do Cryptocurrencies Stack Up To Visa or PayPal?
Check out the Link: https://howmuch.net/articles/crypto-transaction-speeds-compared
Official Documentation of BitCoin: https://bitcoin.org/bitcoin.pdf
Bitcoin Forum and Development & Technical Discussion for Developers
Link: https://bitcointalk.org/index.php?board=6.10080
Link: https://bitcointalk.org/index.php?board=6.10080
Blockchain information for Bitcoin (BTC) includes historical prices, the most recently mined blocks, the mempool size of unconfirmed transactions, and data for the latest transactions.
Link: https://www.blockchain.com/explorer
Link: https://www.blockchain.com/explorer
Blockchain Exchange APIs for Developers: Build bitcoin apps on top of Blockchain.com Exchange API for free.
Link: https://api.blockchain.com/v3/#/unauthenticated/getL2OrderBook
Link: https://api.blockchain.com/v3/#/unauthenticated/getL2OrderBook
15 Biggest Companies That Accept Bitcoin:
Link:Biggest Companies That Accept Bitcoin
If you want to learn and see bitcoin stats and data, buy crypt, want to start mining, find exchanges, this is the best website to fulfill your all requirement. Bitcoin Price Today & History Chart
Link: https://www.buybitcoinworldwide.com/price/
Link:Biggest Companies That Accept Bitcoin
If you want to learn and see bitcoin stats and data, buy crypt, want to start mining, find exchanges, this is the best website to fulfill your all requirement. Bitcoin Price Today & History Chart
Link: https://www.buybitcoinworldwide.com/price/
Mining bitcoin: Transactions on the Bitcoin network get confirmed by computers that compete to solve cryptographic puzzles in a process called mining. The system is designed to let one block be mined every 10 minutes or so, regardless of how much computing power competes to solve that block. Total Hash Rate (TH/s) The estimated number of terahashes per second the Bitcoin network is performing in the last 24 hours.
Link: https://www.blockchain.com/charts/hash-rate?timespan=2years
See you in the next one.
Wish you a great success!
Shivant Kumar Pandey
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