What Is Inflation? Inflation is a rise in prices, which can be translated as the decline of purchasing power over time. The rate at which purchasing power drops can be reflected in the … Continue reading Learn about Inflation Folks!→
Hy there my fellow citizens of this amazingly beautiful Mother Earth of… Not Ours !!! We tend to forget that and treat it as if we would have another habitable sphere on wich … Continue reading Free Spirit’s Library→
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton … Continue reading What is Bretton Woods ?!?→
A smart contract is a computerized transaction protocol that executes the terms of a contract. The general objectives of smart contract design are to satisfy common contractual conditions (such as payment terms, liens, … Continue reading Smart Contracts by Nick Szabo-1994→
20 Rules for Security in bitcoin Here’s a short list of common sense Rules, to use and implement for a better Security while using bitcoin and other cryptocurrencies. In the hopes that they … Continue reading 20 Security Rules for bitcoin→
So you are not a coder but as a non-technical person, you’re always open for simplified technical knowledge about Bitcoin. So, you would like to ask people of very deep knowledge of Bitcoin’s code what you would tell some non-technical people.
What are the most important technical points of Bitcoin, where you would say “it’s really important for Bitcoin and people should know it”. Important would also mean for Bitcoin from a hacking-resistant point and what is making Bitcoin superior against competing Altcoins?
The most important features of Bitcoin are that it’s maintained by the largest community of developers out of all the coins, and consequentially it has the largest test suite and debugging infrastructure.
It makes it really easy to pin-point bugs. I can’t stress enough how important having test cases is for your project, whatever it may be, whether it’s related to crypto or not. It saves you from a lot of future bug-hunting
Its simplicity. Not in the sense of being trivial, but in the sense of having a very focused feature set.
Also the importance if permissionlessness seems to be either ignored or forgotten by a lot of alts out there, whereas it remains a top priority for Bitcoin.
One more thing that sets Bitcoin apart is the immense decentralization – in hashpower, full nodes, development and community. For security, the first two are the most critical.
Most altcoins either don’t have node decentralization or / and they have a flawed consensus mechanism (proof of stake) that simply gives the developers total power over the project.
This allows them to change rules at will, but also allows authorities to press them to do such things. In Bitcoin, that’s simply impossible.
A PoW coin without enough hashpower can be attacked similarly, and as a matter of fact most energy is pumped into Bitcoin PoW, which makes it most secure.
Bitcoin works, it has been working fine for the past 13 years (all its life) and safely too.
* You don’t need any third party (middle man like banks) to send, receive or store your money when you use bitcoin.
* Nobody can restrict who sends you money or to whom you send your money
* You can reach anybody, anywhere at any time in the world.
* The payments can not be reversed like other payment networks which provides a lot of security for merchants
What Is Inflation? Inflation is a rise in prices, which can be translated as the decline of purchasing power over time. The rate at which purchasing power drops can be reflected in the … Continue reading Learn about Inflation Folks!→
Hy there my fellow citizens of this amazingly beautiful Mother Earth of… Not Ours !!! We tend to forget that and treat it as if we would have another habitable sphere on wich … Continue reading Free Spirit’s Library→
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton … Continue reading What is Bretton Woods ?!?→
A smart contract is a computerized transaction protocol that executes the terms of a contract. The general objectives of smart contract design are to satisfy common contractual conditions (such as payment terms, liens, … Continue reading Smart Contracts by Nick Szabo-1994→
20 Rules for Security in bitcoin Here’s a short list of common sense Rules, to use and implement for a better Security while using bitcoin and other cryptocurrencies. In the hopes that they … Continue reading 20 Security Rules for bitcoin→
Hy there to all of you out there, white, black, yellow and avatar 😋🤣 people around the WordPress world !
Hope you are all well and safe in these troubled times we live on this beautiful planet of ours !
I come before you, to ask for your opinion and what you would like to see explained in my posts !?! Just let me know and I will try my best to accomodate your requests !
What Is Inflation? Inflation is a rise in prices, which can be translated as the decline of purchasing power over time. The rate at which purchasing power drops can be reflected in the … Continue reading Learn about Inflation Folks!→
Hy there my fellow citizens of this amazingly beautiful Mother Earth of… Not Ours !!! We tend to forget that and treat it as if we would have another habitable sphere on wich … Continue reading Free Spirit’s Library→
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton … Continue reading What is Bretton Woods ?!?→
A smart contract is a computerized transaction protocol that executes the terms of a contract. The general objectives of smart contract design are to satisfy common contractual conditions (such as payment terms, liens, … Continue reading Smart Contracts by Nick Szabo-1994→
20 Rules for Security in bitcoin Here’s a short list of common sense Rules, to use and implement for a better Security while using bitcoin and other cryptocurrencies. In the hopes that they … Continue reading 20 Security Rules for bitcoin→
What Is Inflation? Inflation is a rise in prices, which can be translated as the decline of purchasing power over time. The rate at which purchasing power drops can be reflected in the … Continue reading Learn about Inflation Folks!
Hy there my fellow citizens of this amazingly beautiful Mother Earth of… Not Ours !!! We tend to forget that and treat it as if we would have another habitable sphere on wich … Continue reading Free Spirit’s Library
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton … Continue reading What is Bretton Woods ?!?
A smart contract is a computerized transaction protocol that executes the terms of a contract. The general objectives of smart contract design are to satisfy common contractual conditions (such as payment terms, liens, … Continue reading Smart Contracts by Nick Szabo-1994
20 Rules for Security in bitcoin Here’s a short list of common sense Rules, to use and implement for a better Security while using bitcoin and other cryptocurrencies. In the hopes that they … Continue reading 20 Security Rules for bitcoin
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