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Is Bitcoin Mining Still Profitable in 2024? India-based Case Study

Bitcoin Mining Profitability in 2024

Although the halving will reduce block rewards to 3.125 BTC, still with the expected rise in price, Bitcoin Mining would still be profitable.

  • Blockchain Lab
  • 30 March 2024
  • Research

Bitcoin Falls Due to $1.6bn GBTC Selling by FTX

Bitcoin Selloff due to FTX

FTX sold nearly $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares which led to the fall in Bitcoin prices.

  • Blockchain Lab
  • 24 January 2024
  • Blockchain Basics

What are Smart Contracts?

Smart Contracts

Smart Contracts are pieces of codes that automatically execute blockchain transactions based on a set of inputs given.

  • Blockchain Lab
  • 21 January 2024
  • Blockchain Basics

What is a Halving? Meaning with Bitcoin as an Example

Bitcoin Halving Dates

Halving means a phenomenon in blockchains by which block rewards are reduced to half of their previous value.

  • Blockchain Lab
  • 20 January 2024
  • Blockchain Basics

Coins vs Tokens in Cryptocurrency

Coins vs Tokens

Tokens are those cryptocurrencies which exist on other blockchains; and might or might not have their own blockchain. Understand the difference of coins vs tokens.

  • Blockchain Lab
  • 19 January 2024
  • Blockchain Basics

What is a Gas War?

Gas War

In Ethereum, Gas War means a competitive situation where senders compete for gas fee to get their transactions executed in priority.

  • Blockchain Lab
  • 18 January 2024
  • Blockchain Basics

What is Gas Fees? How does it work in Ethereum?

Gas Fee in Ethereum

Gas fee is the transaction fee charged in the Ethereum blockchain. The fee is paid to Ethereum validators for verifying transactions and adding blocks to the blockchain.

  • Blockchain Lab
  • 18 January 2024
  • Blockchain Basics

What are Block Headers?

Block Header

Block Headers are the meta data of each block on a blockchain. They contain details such as nonce value, hash of previous block, timestamp, difficulty target, etc.

  • Blockchain Lab
  • 16 January 2024
  • Blockchain Basics

What is Merkle Root and Merkle Tree?

Merkle Tree with a Merkle Root (R)

A Merkle Root is the hash of all the transactions in a block by hashing transactions till the time there exists only a single hash result for the entire block.

  • Blockchain Lab
  • 16 January 2024
  • Blockchain Basics

What are Consensus Mechanisms in Blockchain? 10 Novel Types with Examples

Consensus Mechanisms Working in Steps

Consensus Mechanisms are different ways to verify blockchain transactions by running it through multiple validators each of whom verifies them individually.

  • Dhirendra Das
  • 15 January 2024
  • Blockchain Basics

What are Testnets

What is a Testnet?

A testnet is a replica of the mainnet with reduced security and reduced network capacity meant to simulate the mainnet for testing purposes.

  • Dhirendra Das
  • 13 January 2024
  • 1 Comment
  • Blockchain Basics

What is Sharding in Blockchain?

How Sharding is supposed to work in Ethereum

Sharding is the process of breaking a blockchain's total no. of validators into smaller groups called "Shards". Each shard has its own unique set of validators.

  • Dhirendra Das
  • 13 January 2024
  • 23 Comments
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