In this article, we dive into the nitty-gritty of what decentralized applications are. It is also necessary to understand the relationship between blockchain and decentralized applications, what has happened in recent years, the differences between Decentralized Applications (dApps) &...
Blockchain’s advantages over traditional payment systems
There is an ongoing discussion about Blockchain’s advantages over traditional payment systems. Some commonly referred to advantages include anonymity, transparency, and independence from governments and central banks. However, Blockchain...
Blockchain Applications & Benefits in Supply Chains
The emerging technology of Blockchain has various applications in a wide range of industries. One of the most promising applications is in supply chain management.
Blockchain’s application in supply chains can help parties with their...
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As we mentioned, there are only 21 million bitcoins that can be mined in total.
Once miners have unlocked this number of bitcoins, the supply will be exhausted.
The Bitcoin blockchain was designed around the principle of controlled supply, which means only a fixed...
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GX Blocks Energy specializes in deploying mobile Bitcoin mining data centers that boost the profitability of energy plants and improve the performance of the Bitcoin mining contract holders at the same time.
We provide leasing & hosting in our facilities the new &...
Cryptography explained for beginners
With the rise of the digital era, the concept of encryption and cryptography has gained massive popularity. Online data is constantly exposed to threats such as theft and corruption. Cryptography has therefore proven as one viable solution that enables users...
3 Most Infamous Cryptocurrency Hacks
MT.GOX & Bitcoin
The first example is one of the most well-known attacks in history. In 2013, Japan-based MT.Gox was the biggest bitcoin exchange in the world, handling 70% of the world’s Bitcoin exchanges. Problems existed prior to the attack such as a...
Bitcoin’s Legal Status Worldwide
Bitcoin’s legal status greatly varies across countries and continuously changes.
Specifically, some countries have explicitly stated that Bitcoin’s usage and trading is legal, others have restricted or even banned it, while numerous others have yet to make a...
El Salvador officiates Bitcoin as legal tender
Government officials are already looking into Bitcoin mining options backed by geothermal renewable energy.
El Salvador is a small Central American country bordering Honduras and Guatemala with a purchasing price parity adjusted GDP of about $55B...
Smart Contracts Explained for Beginners
Smart contracts have become a popular notion in the context of blockchain and cryptocurrencies.
However, the concept has been around for a while, as it was first introduced in 1994 by Nick Szabo, an American cryptographer. Smart Contracts were initially...
What are Blockchain Consensus Algorithms?
Proof of Work & Proof of Stake explained
There are numerous blockchain consensus algorithms, the most well-known ones being proof of work and proof of stake. But what are consensus mechanisms and what are their strengths and weaknesses?
In...
Blockchain Forks: Hard vs Soft
Any software needs constant updates to fix issues or increase performance. In the world of crypto, those updates are called forks. Since cryptocurrencies are decentralized networks, all participants in the network, known as nodes, need to follow the same rules in...
Blockchain Network Nodes & Trust in Bitcoin
Blockchain network nodes are points in a network where messages can be created, received, and transmitted. Nodes on the Bitcoin network can view, exchange, and verify information about transactions and add blocks by using the peer-to-peer protocol...
The Rise of Hybrid Blockchain Networks
As the hype for cryptocurrencies has returned, it is important to not forget about the evolving platforms around blockchain technology. In 2019, game-changing platforms entered the market with viable solutions such as Corda and Hyperledger. Moving forward...
Bitcoin now consumes more energy than Argentina
The Bitcoin network, in order to operate, requires more energy than countries like Argentina (125TWh) or the Netherlands (110TWh). Power plants globally generate electricity to support the cryptocurrency’s blockchain network.
According to the...
Blockchain & Cybersecurity: Assessing the security of blockchain technology
While previous technological breakthroughs have brought evolution to the financial industry, this groundbreaking technology of blockchain distributed ledger, and its applications, seem to be part of a larger revolution...
Bitcoin Mining revenue wins against COVID-19 pandemic
2020 was characterized by many as a ‘lost’ year, however, the cryptocurrency market and bitcoin mining industry impressively reached new all-time highs!
How Bitcoin Mining revenue works
Bitcoin Mining and the resulting revenues fluctuate on...
GX Blocks Energy: Building a Sustainable and Decentralized Future
Building a Decentralized Future through Blockchain & Distributed Ledger Technology
Blockchain & Distributed Ledger Technology (DLT) is a fundamentally novel technology. Decentralization through distributed technology can solve...
A Decentralized Future with Blockchain Technology
Blockchain or Distributed Ledger Technology (DLT) is a fundamentally novel technology. New opportunities arise with the tremendous growth of decentralization and distributed technology. We believe in their potential and value-adding abilities...
How has the COVID-19 pandemic affected Bitcoin?
Bitcoin was introduced more than a decade ago, and even though it is still in its early days, it is rapidly moving towards becoming fully mainstream. It has already become popular among investors, financial institutions, advisors, service...