Skip to main content

Posts

Showing posts from September, 2020

Is Bitcoin mining fruitful?

  Nowadays, the Bitcoin mining operations are dominating the digital space. In this article, we clarify whether Bitcoin mining is worthwhile or not? Generally, Bitcoin mining can be a tricky thing to determine if it is completely safe in the digital world and if it is cost-effective?  Bitcoin mining is a method of earning Bitcoins in exchange for validating bitcoin transactions. Even though these transactions are high secured they need to be validated and through which in return miners earn bitcoins.  Many individual miners ask themselves, is bitcoin mining still profitable? This question arises mainly because of the change in technologies, shifting prices of Bitcoins, and much more.  Many factors determine whether bitcoin mining is a profitable business or not. Factors include the availability and price of the computer system, the cost of electricity to power the system, and the complexity in providing the service.  The current state of bitcoin mining Bitcoin mining operates with thou

Developing a Decentralized Application for Businesses

  The prospect of lending your computer hardware for computations or safe-keeping information for a third-party and earning would be a far-fetched idea in the past. But with the advent of Decentralized applications(dApps), they are made possible. Powered by blockchain, dApps are highly sought after by multiple businesses owing to the benefits it can offer. In this article, let us understand how dApps are different and how to develop them for business. What are dApps? dApps are computer programs that are powered by  blockchain technology  functioning with a decentralized approach to facilitate services for a purpose. They are widely administered in businesses that demand both security and transparency in operations. An example of dApp implementation would be in the supply chain industry that requires discretion in transactions and transparency in processes. What are the key elements of dApps to be considered in development? dApp development differs from traditional app development owing