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  1. GXBlocks

    Crypto Blockchain & Decentralized Applications (dApps)

    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) &...
  2. GXBlocks

    Crypto Blockchain vs Traditional Payment Systems

    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...
  3. GXBlocks

    Crypto Blockchain in Supply Chain Management

    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...
  4. GXBlocks

    Crypto Bitcoin Mining & Cryptocurrency Industry Overview

    Thank you for your reply! 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...
  5. GXBlocks

    Crypto GX Blocks Energy Hybrid Cloud Architecture

    Thank you for your interest! 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 &...
  6. GXBlocks

    Crypto Cryptography explained for beginners

    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...
  7. GXBlocks

    Crypto 3 Most Infamous Cryptocurrency Hacks

    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...
  8. GXBlocks

    Crypto Bitcoin’s Legal Status Worldwide

    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...
  9. GXBlocks

    Crypto El Salvador officiates Bitcoin as legal tender

    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...
  10. GXBlocks

    Crypto Smart Contracts Explained for Beginners

    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...
  11. GXBlocks

    What are Blockchain Consensus Algorithms?

    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...
  12. GXBlocks

    Crypto Blockchain Forks: Hard vs Soft

    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...
  13. GXBlocks

    Crypto Blockchain Network Nodes & Trust in Bitcoin

    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...
  14. GXBlocks

    Crypto The Rise of Hybrid Blockchain Networks

    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...
  15. GXBlocks

    Bitcoin now consumes more energy than Argentina

    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...
  16. GXBlocks

    Crypto Blockchain & Cybersecurity: Assessing the security of blockchain technology

    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...
  17. GXBlocks

    Bitcoin Mining revenue wins against COVID-19 pandemic

    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...
  18. GXBlocks

    Crypto GX Blocks Energy: Building a Sustainable and Decentralized Future

    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...
  19. GXBlocks

    Crypto A Decentralized Future with Blockchain Technology

    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...
  20. GXBlocks

    How has the COVID-19 pandemic affected Bitcoin?

    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...
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