Crypto Security 101: Protecting Your Digital Assets in 2024

The world of cryptocurrency is constantly growing and changing, just like the challenges to keep its value safe. For 2024, protecting your cryptocurrency positions will mean being well versed in the many ways that you could be secure and holding onto it closely with memorialized security postures. In this article, we highlight the key measures…

Blockchain technology 6. – Scalability Solutions

Scalability is one of the prominent issues facing the world of cryptocurrencies and blockchain. With an increasing number of users and transactions contributing to the blockchain, efficient and adaptable solutions are becoming imperative. I believe this issue must be addressed to facilitate the widespread adoption of cryptocurrencies. This article reviews several scalability solutions and how…

Blockchain technology 5. – Automating transactions on the blockchain

Smart contracts refer to when the terms of the agreement are executable code by themselves. They automate and enforce contracts, eliminating the need for intermediaries and creating more trust. This article discusses the meaning of smart contracts and ways they can be applied. Smart Contracts Intelligent contracts are coded programs that operate autonomously and execute…

Blockchain technology 4. – Cryptographic keys

Blockchain networks require consensus mechanisms to ensure all participants come to a consensus about the truthfulness of transactions. This paper discusses several consensus algorithms by exploring how they function and the roles they play in securing a reliable blockchain. The consensus mechanisms include: Proof of Work The first Bitcoin and many subsequent cryptocurrencies used the…

Blockchain technology 3. – Mining

Mining is the process of validating new cryptocurrency transactions and then adding them to the blockchain. Moreover, this is the way new coins are minted. This article aims to clarify the process of mining; describe this system’s mechanics, structure, etc. What is Cryptocurrency Mining? Mining consists of competitive mathematical problem-solving, the fulfillment of which allows…

Blockchain technology 2. – Cryptographic keys

Cryptographic keys are crucial components of the security and operation of cryptocurrencies. They enable secure transactions and safeguard users’ assets from unauthorized access. This paper will discuss the concepts of public and private keys, cryptocurrency addresses, and digital signatures. Asymmetric cryptography underpins the operation of public and private keys. Public key: Cryptocurrency employs public key…

Blockchain technology 1. – The backbone of cryptocurrencies

A blockchain, in turn, is a fundamental technology that underpins cryptocurrencies like Bitcoin or Ethereum. Blockchain is a decentralized and secure method of recording and verifying transactions or any digital event. The goal of the blockchain is to grant users control over their digital activity. This paper defines what the blockchain is, the structure and…