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Stats Has written 4 posts about cryptocurrency

Aug 28 2021

A Gentle Introduction To The Lightning Network

Often seen as the path forward for Bitcoin’s scalability, this is a simple description of the Lightning Network.*This article assumes the reader already has a basic understanding of the Bitcoin protocol, as well as how nodes, users and miners interact within it.Bitcoin is extremely secure, but this initially came at a trade-off: It’s slow. On its base layer, there’s no getting...

Jun 30 2021

Bitcoin’s Game Theory Is Not Cut And Dried

Jun 30 2021 Published at Bitcoin Magazine under tags  culture ideas philosophy

The often-cited idea is misunderstood in the context of how the world interacts with Bitcoin as a whole.Game theory is the science concerning the systematizing of strategic conflict and cooperation among rational actors. It was formalized in the mid-40s by the genius polymath John Von Neumann, and then it allegedly found its way into all kinds of science,...

Jun 27 2021

So, What Are Bitcoin Miners Actually Doing?

Jun 27 2021 Published at Bitcoin Magazine under tags  asic miner mining technical

Let’s take a deeper look at what may appear as a magical process: bitcoin mining.An Overview Of What Bitcoin Miners Are Actually DoingThis article, to a degree, builds upon my previous one.Before we peer under the hood, let’s look quickly at how miners have evolved.At first, the mining difficulty level was...

Jun 18 2021

An Overview Of Bitcoin’s Cryptography

Jun 18 2021 Published at Bitcoin Magazine under tags  cryptography ecdsa technical

A look at the securing mechanisms of the global monetary system millions entrust their value with.I’m going to talk about the security behind Bitcoin addresses and keys, called Public Key Cryptography. This includes SHA256, Random Number Generators(RNGs),...

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