blockchain

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I will be mostly writing about blockchain and cloud. Click on a tag below to search for relevant posts.

Mining in Bitcoin

Summary. The gold of the 21st century is not made of atoms but bits. Old terms acquire new meanings, while society steadily walks towards post-modernism. The term mining might evoke ancient times images: gold diggers of the 19th centuries rushing to be the first one to discover a gold vein, or in more recent times it might remind you of the pixellated word of Minecraft (and dozens similar). In Bitcoin, mining is not performed by digging a hole with a shovel but instead by computing cryptographic hash functions as quickly as possible in order to find our gold: the solution to a crypto puzzle.