Tag: network

Introduction to the Ethereum-based Golem Project

Golem is an Ethereum-based decentralized distributed computation network, where users can buy or sell computational power, meaning that you can either complete a computational-heavy task on someone else’s computer or sell your idle computing power to someone who needs it. Golem is composed of all the nodes running the Golem Dapp and it can be used for Stock market simulations, big data analysis, Medical research and even cryptocurrency mining, which …
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Bank’s Security Systems Still Vulnerable, SWIFT Says

The institution behind SWIFT, the messaging system that connects the banks all around the world, has said that banks are still vulnerable to computer hacks.  Major financial institutions use the SWIFT network to relay messages between each other. Swift is a platform used by more than 11,000 financial institutions to exchange messages that contain money transference orders. In a given day, the Swift infrastructure handles more than 25 million messages, accounting for billions …
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What Is a Bitcoin Block?

With all of the talk about the Bitcoin network becoming a bit slow and how the Bitcoin miners are helping the transactions moving along, some people might be wondering what a Bitcoin block is. We know that a Bitcoin block contains transactions waiting to be confirmed on the network, and how they are generated through a process called mining. but what is the deeper purpose of a Bitcoin block? Also read: …
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How The Bitcoin Transaction Fee Relates To Network Confirmations

One of the issues a lot of people have with the Bitcoin ecosystem is how they have to wait for transaction confirmations by the network. As most people are well aware, this can take anywhere from minutes to hours before a transaction gets the full six confirmations. But some companies are adapting their strategy, and Betcoin is looking to base the network confirmations needed for the transaction fee paid by …
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