In the physical world, it’s easy to achieve randomness because nature by itself is so random. But in the digital world, things are a little different and usually require some form of human-induced randomness to produce the desired result.The Random Number Generator (RNG) is such a piece of software or hardware that is used in computing to generate random numbers. This tool … [Read more...] about The importance of yielding randomness on blockchains
Importance
The impact and importance of energy use for PoW
While writing the world's most famous white paper, Satoshi Nakamoto defined the Bitcoin (BTC) mining process. It was established that the minting of new coins would take place through proof-of-work. To carry out this verification and to be able to mine the cryptocurrency, computers would need to solve complex mathematical calculations.In the beginning, there were not many … [Read more...] about The impact and importance of energy use for PoW
US Congressman expresses importance of crypto wallet privacy
At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets. “At the end of the year, if you think about it, Secretary Mnuchin was talking about banning private wallets,” … [Read more...] about US Congressman expresses importance of crypto wallet privacy
The importance of block sizes, and the rise of off-chain solutions
The cryptocurrency sector has undergone a seismic shift in recent years as retail investors and publicly listed companies make their way into the space.Globally, estimates suggest that the number of crypto users surged by about 190% between 2018 and 2020.Record-breaking inflows into the market have also taken the number of active addresses on the Bitcoin network, as well as … [Read more...] about The importance of block sizes, and the rise of off-chain solutions