Tagged: Trust

In Satoshi Nakamoto We Trust

Tech Innovation vs The Economic Paradigm

The technology powering cryptocurrencies is innovative and full of promises. However, it is important to realize that digital currencies do not shift the paradigm of the economic world. Failure to recognize that entices people to...

Bitcoin Wallets - What's the weather like?

Wallet and Trust – The Bigger the Better

In a distributed ledger system, trust is based on consensus mechanisms which require every user to independently obtain and validate the transaction blocks. The issue is that the size of the blockchain data may...

GAME OF TRUST HASH POWER VS THE ODDS

Bitcoin Ledger & Trust – Hash Power vs The Odds

Bitcoin Mining Infographics To confirm transactions on the ledger, Bitcoin miners must find a specific number (hash) by performing an exhaustive search across a large range of numbers. Anyone has a chance to find...