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Merkle Trees in Cryptography: The Backbone of Blockchain

by Brad Spannbauer | Aug 21, 2023 | blockchain, cryptocurrency

Hey there Bitcoin people, lets get a little technical today and learn about a special tree called a hash tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node also known as an outer node, is labelled with the hash of...

Zero Knowledge Proofs: A brief look into their History and Application in Blockchain and Cryptocurrency

by Brad Spannbauer | Apr 8, 2023 | blockchain, cryptocurrency

Zero Knowledge Proofs (ZKPs) are a cryptographic concept that allows one party to prove to another that they have knowledge of a specific piece of information, without revealing any details about that information. This concept has garnered significant attention in...

Web3.0: The Next Era of the Internet and the Forces Driving Its Evolution

by Brad Spannbauer | Mar 29, 2023 | blockchain

The internet has undergone several transformative stages since its inception. From static web pages in Web 1.0 to the interactive and dynamic web in Web 2.0, the internet has been continually evolving. Now, as we enter the era of Web3.0, a new chapter is being written...

The Risks Associated With Bitcoin Mining Farms

by Brad Spannbauer | Mar 23, 2023 | bitcoin, blockchain

Bitcoin mining is the process of adding new transactions to the blockchain network by solving complex mathematical algorithms. Miners verify and validate transactions and create new blocks, which are then added to the existing blockchain. In return, miners receive...

The Bitcoin Halving: Unraveling the Mystery of Cryptocurrency’s Deflationary Mechanism

by Brad Spannbauer | Mar 22, 2023 | bitcoin, blockchain, cryptocurrency

Introduction Since its inception in 2009, Bitcoin has revolutionized the world of finance by enabling decentralized transactions without the need for intermediaries. As the first and most popular cryptocurrency, Bitcoin is built on a complex underlying technology...

The 2009 Financial Crisis And The Genesis Block

by Brad Spannbauer | Mar 18, 2023 | bitcoin, blockchain, cryptocurrency

The 2009 financial crisis was a global economic downturn that originated in the United States and quickly spread throughout the world. It was caused by a combination of factors, including the housing market collapse, financial deregulation, and a complex web of...
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