What is Hash Power or Hash Rate? Source: BI Magazine Interchangeably used, hash power/hash rate is the term used to describe the combined computation power of a specific cryptocurrency network or the power of an individual mining machi…
Continue ReadingWhat is the Lightning Network? Lightning Network is analogous to driving in the ‘city bus’ which is way cheaper than traveling in the ‘taxi’- from Thimphu to Paro. It can be also compared to a Bank of Bhutan Branch office which also serv…
Continue ReadingBRC-20 and ERC-20 Source: makeuseof.com To read this post, I would like you to first read about ordinals and inscriptions through https://immtalimm.blogspot.com/2023/08/what-are-ordinals-and-inscriptions.html . BRC-20 (Bitcoin Reques…
Continue ReadingWhat are the consequences of the ordinals & inscriptions on the fee and the earnings? While the blocksize of the bitcoin is limited, the users compete with one another to have their transactions included in the limited block space avai…
Continue ReadingWhat are Ordinals and Inscriptions? The terms ‘ordinals’ and ‘inscriptions’ are closely linked with the BRC-20 token standard, which is gaining popularity in the cryptocurrency ecosystem. Ordinals are a method of inscribing data into indiv…
Continue ReadingWhat is Bitcoin Maximalist? source:zondacrypto.com Have you heard of Bitcoin Maximalist from any of your friend or the internet community? The urbandictionary.com explains as “A low IQ, low energy Bitcoin-loving bigot who thinks that a…
Continue ReadingThe comparison of mining pool in the world As of 19 th August, 2023, the following pie chart shows the contribution (in %) of different pools to the Bitcoin network. And the following section will describe the pools, on the chronologica…
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