Unspent Transaction Outputs (UTXOs) are often referred to as the fundamental building block of Bitcoin. As the Bitcoin network is built on an accounting model based on unspent outputs, they can be used to measure the overall state and growth of the network.Changes in the cumulative value settled through UTXOs, their number, and the percentage
What is Decentralized Finance (DeFi)?Put simply, DeFi is the concept of replicating traditional financial instruments in a decentralized architecture. In other words, using blockchain technology to recreate securities and systems that are commonplace in the traditional banking sector. According to Coinbase, this is now possible through the execution of smart contracts, which enable developers to
Bitcoin mining difficulty has definitely increased, with associated drops in hashrate and profitability, but the algorithm’s adjustment does not alarm miners. According to reports, the difficulty to mine Bitcoin appears to have increased, hitting 7.3% this morning. This figure is updated every 2016 blocks (roughly every 2 weeks). Yet this spike in difficulty does not
For the third consecutive month, Ethereum miners’ earnings surpassed Bitcoin’s, reaching $571 million in July. Ethereum miners surpass those of Bitcoin Ethereum’s big rises over the past month, which have seen the crypto exceed $1,700, have also caused gains by cryptocurrency miners to soar, surpassing those of Bitcoin for the third consecutive month. JUST IN:
Bitcoin.com has announced the launch of HashRace, a new promotion aimed at miners. The campaign is divided into two 90-day phases, for a total of 180 days, and was launched yesterday. The goal is to give participants the opportunity to maximise mining profitability before the Bitcoin halving, scheduled for late spring next year. This promotion
Math is the basis of any blockchain-based platform. Instead of middlemen, regulators, laws, or leaders, these platforms rely on the indisputable logic of math-based models to create an ecosystem that works for every user. Bitcoin is perhaps the most prominent example of how these models can change the world.Here’s a closer look at the mathematics
The well-known Chinese manufacturer Bitmain has announced the release of a new ASIC miner for Ethereum by the end of the year. This is the Antminer E9, which was presented in a short video as an Ethereum-specific miner. The curious thing is that in the course of 2021, or at the latest in early 2022
Swiss mining company White Rock Management announced today that it is moving to the States and more specifically to Texas, in the Brazos Valley. Texas attracts White Rock Management White Rock Management opens an operational office in Texas, leaving, however, the registered office in Switzerland In this region, the company will be able to produce
Glassnode data analyzed by CryptoSlate showed significantly greater open interest calls for Bitcoin and Ethereum.Calls and puts refer to the buying and selling, respectively, of options. These derivative products give holders the right, but not the obligation, to buy or sell the underlying asset at some future point for a predetermined price.This predetermined price is
The hashrate of the bitcoin network continues to break new records, updating its value on a weekly basis, possibly thanks to 100,000 new ASICs. Today, in fact, bitcoin has concluded the previous mining period started 2016 blocks ago (about 13-14 days), correcting the difficulty and arriving at a new value estimated on the basis of
