The infamous 51% attack! As we dive into the world of blockchain security, it’s essential to understand this critical concept that can make or break the integrity of a decentralized network. So, what exactly is a 51% attack? In simple terms, it’s when an individual or group controls more than half of the total mining…
The world of blockchain and cryptocurrencies can be complex and overwhelming at times, but don’t worry, I’m here to break it down for you in simple terms. One of the most common questions I get from students is about the difference between a hard fork and a soft fork. Now, before we dive into the…
The world of blockchain and cryptocurrencies is vast and exciting, my friends! As we dive deeper into this realm, it’s essential to explore the diverse landscapes beyond the two giants, Bitcoin and Ethereum. Today, I want to share with you some of the most popular blockchains that have garnered significant attention and adoption. First off,…
Bitcoin was the first cryptocurrency, created by an individual or a group of people under the pseudonym Satoshi Nakamoto, back in 2009. It was supposed to be a decentralized digital currency that allowed peer-to-peer transactions to take place independently of any kind of banks and governments. It is, at its very base, an online…
When we talk about blockchains, one of the key distinctions that’s often brought up is between public and private blockchains. This difference is crucial because it gets to the heart of how a blockchain operates, who can use it, and what kind of security and transparency it offers. First off, let’s start with public…
So you want to know how crypto wallets work? Well, let me tell you – it’s a fascinating topic. As a teacher, I’m excited to share my knowledge with you. First off, a crypto wallet is essentially a software program that allows you to store, send, and receive cryptocurrencies like Bitcoin or Ethereum. It’s similar…