CategoryLearn about Bitcoin

Don't Worry, Hackers Will Never Use Your Smart Toaster to Mine Bitcoin

The IBTimes recently ran a story informing readers that "Hackers could be targeting toasters to mine bitcoins, expert warns." Speaking to the annual Slush startup conference in Helsinki, Finland, F-Secure Chief Research Officer Mikko Hypponen stated, factually, that: "Cryptocurrencies are interesting as they open up new opportunities, like mining. Attackers don't target the user but the computer...

The Bitcoin Dream Is Happening In Africa

The Dream Bitcoin Foundation, founded by Philip Agyei Asare, is a non-profit organization that aims to empower young entrepreneurs in Ghana through education on entrepreneurship and cryptocurrencies. Conceived in January of this year, the Foundation was officially registered in Ghana on September 9, 2014. The Foundation consists of eight board members and currently has approximately 80 members...

Bitcoin for Mere Mortals: Bitcoin Improvement Proposal (BIPS)

BIPs (Bitcoin Improvement Proposals) are design documents for introducing features or information to Bitcoin's community. Since Bitcoin has no formal structure, this has become the standard for communicating new ideas. The first BIP was submitted by Amir Taaki on August 19th, 2011. BIPs are as text files and are the responsibility of the author to document. There are three kinds of BIP: Standards...

Bitcoin for Mere Mortals: Blocks

Blocks are the data structures Bitcoin uses to permanently record data. This is common knowledge known by the initiated and in previous articles we've covered information related to these data structures. The block chain, isn't really a chain at all. Well, logically there is a chain but it might not be what you first expect. This article breaks down the structure of a block and provides insight...

Draper University Bitcoin Course is Live - and Free

The venture capitalist investor who won the US Marshall Bitcoin Auction, Tim Draper, has launched his own Bitcoin education program. The Draper University Bitcoin Course is a comprehensive online bitcoin program. Enrollment is free and students receive lifetime access to fourty two lectures, three quizzes, and seven hours of video content. Draper University is the entrepreneur-centric college...

Ways to Earn Bitcoins

Bitcoin is the newest craze. You've heard the stories of the average Joe whose initial small Bitcoin investment turned into millions nearly overnight. Unsurprisingly, you want to get in on the action. Fortunately for you, it isn't too late! Bitcoin is a very young currency and it's growing every day. Many bitcoin enthusiasts believe that people who invest even today are 'early adopters': people...

Explaining The Math Behind Bitcoin

Chain engineer Erik Rykwalder wrote an educational blog post yesterday, The Math Behind Bitcoin. Specifically, Erik concisely explains some of the fundamentals of Elliptic Curve Digital Signature Algorithm (ECDSA). When the term "key", "key pair" or "private/public key" is used in Bitcoin it means an ECDSA key pair. These keys are mathematically linked and can be used to encrypt and decrypt data...

Baking a Raspberry Pi Bitcoin Node

For less than the cost of a Trezor Bitcoin Wallet, you can run a full Raspberry Pi Bitcoin node and help support the Bitcoin network. All you need is a Raspberry Pi model B or B+, a 32GB SD card and an Internet connection. Total cost: about $50 The Raspberry Pi isn't like your desktop/laptop that most likely run on Intel or Apple hardware architecture. Raspberry Pis run on ARMs - an embedded...

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