Вear market is a period when asset prices fall for a long time. There is no clear understa of how much assets should decline in value but people speak about bear market when prices fall by at least 20% in comparison with the nearest peaks, and the process lasts longer than two months.
On November 9-10 in Dubai, the BitCluster team participated in the World Digital Mining Summit 🌃
What the ban on cryptocurrency mining in China turned out to be for Russia, and how it affected particular companies? Read it in a fresh article about the results of the mining revolution published by the Financial Times: https://www.ft.com/content/0dbe4f9f-a433-4288-858e-c4b852f4c340
Before becoming one of the leaders of the mining market in Russia and the CIS, we have come a long way, accompanied by ups and downs. We decided to remember this story and share it with you.
Vitalik Buterin is one of the founders of the largest blockchain platform and altcoin Ethereum, as well as the youngest crypto billionaire 💰
With the development of cryptocurrencies, there appear a lot of new terms, the meaning of which is not always obvious.
We continue to acquaint you with the most popular consensus mechanisms — ways of agreement regarding the validation of transactions in the blockchain system.
6 months ago, about 70% of miners around the world lived and worked in China. However, due to pressure from the Chinese government, the geography of cryptocurrency mining has changed significantly, which entailed serious consequences.
Nowadays, the interest in blockchain technology is growing exponentially, but still for many people the industry remains a mystery.
The consensus mechanisms are the rules according to which blocks are generated in the blockchain. There are many types of them: some mechanisms allow you to build reliable decentralized system, others — blockchains with high bandwidth and scalability.