Horace Breath o9jy
Open Trade
Occasional Trader
10 Months
0 Following
23 Followers
25 Liked
0 Shared
Crypto Mining & Staking: How New Coins Are Created and Validated
Cryptocurrencies rely on different mechanisms to create new coins and validate transactions on the blockchain. Two of the most common methods are mining (Proof-of-Work) and staking (Proof-of-Stake). Let's break down how each process works and their key differences.
1. Crypto Mining (Proof-of-Work - PoW)
What is Mining?
Crypto mining is the process of validating transactions and adding new blocks to a blockchain by solving complex mathematical puzzles. Miners use specialized hardware to perfor
1. Crypto Mining (Proof-of-Work - PoW)
What is Mining?
Crypto mining is the process of validating transactions and adding new blocks to a blockchain by solving complex mathematical puzzles. Miners use specialized hardware to perfor
HERE ARE THE LATEST CRYPTOCURRENCY NEWS UPDATES FOR March 11, 2025:
i.Singapore Exchange Plans Bitcoin Futures Listing
The Singapore Exchange (SGX) intends to introduce open-ended bitcoin futures contracts in the latter half of 2025. This initiative is targeted at institutional clients and professional investors, aiming to "significantly expand institutional market access." Retail investors will not have access to these instruments.
ii. European Concerns Over U.S. Cryptocurrency Policies
Eurozone finance ministers have expressed apprehension regarding the U.S. administration's pro-cryptocurrency stance, fearing it could undermine the eurozone's monetary sovereignty and financial stability. President Donald Trump's executive order to establish a strategic cryptocurrency reserve marks a significant policy shift, prompting European officials to expedite discussions on a digital euro to safeguard economic sovereignty.
iii.North Korean Hackers and the $1.5 Billion Crypto Heist
The Lazarus Group, a North Korean hacking collective, has reportedly extracted $300 million from a recent $1.5 billion cryptocurrency heist—the largest in history. The stolen funds are allegedly intended to support North Korea's nuclear program, with hackers working tirelessly to convert the remaining cryptocurrency into cash.
iv.Cryptocurrency Market Trends
Cryptocurrency values are on the rise, with Bitcoin surpassing $90,000. Enthusiasts are keenly observing whether Bitcoin can exceed its previous record high of $109,135.
#NorthKoreaHackers #SingaporeCryptoTrend
#usacryptopolicy
#BTC
i.Singapore Exchange Plans Bitcoin Futures Listing
The Singapore Exchange (SGX) intends to introduce open-ended bitcoin futures contracts in the latter half of 2025. This initiative is targeted at institutional clients and professional investors, aiming to "significantly expand institutional market access." Retail investors will not have access to these instruments.
ii. European Concerns Over U.S. Cryptocurrency Policies
Eurozone finance ministers have expressed apprehension regarding the U.S. administration's pro-cryptocurrency stance, fearing it could undermine the eurozone's monetary sovereignty and financial stability. President Donald Trump's executive order to establish a strategic cryptocurrency reserve marks a significant policy shift, prompting European officials to expedite discussions on a digital euro to safeguard economic sovereignty.
iii.North Korean Hackers and the $1.5 Billion Crypto Heist
The Lazarus Group, a North Korean hacking collective, has reportedly extracted $300 million from a recent $1.5 billion cryptocurrency heist—the largest in history. The stolen funds are allegedly intended to support North Korea's nuclear program, with hackers working tirelessly to convert the remaining cryptocurrency into cash.
iv.Cryptocurrency Market Trends
Cryptocurrency values are on the rise, with Bitcoin surpassing $90,000. Enthusiasts are keenly observing whether Bitcoin can exceed its previous record high of $109,135.
#NorthKoreaHackers #SingaporeCryptoTrend
#usacryptopolicy
#BTC
The Evolution of Bitcoin & Ethereum: Key Milestones and Their Impact
Bitcoin and Ethereum are the two most influential cryptocurrencies, each shaping the blockchain industry in unique ways. Let’s explore their key milestones and how they have impacted the crypto world.
Bitcoin: The Birth of Digital Gold
1. The Whitepaper (2008)
Satoshi Nakamoto published the Bitcoin whitepaper, introducing the concept of a peer-to-peer electronic cash system without banks.
Impact: Laid the foundation for decentralized finance and digital money.
2. Genesis Block & First Transa
Bitcoin: The Birth of Digital Gold
1. The Whitepaper (2008)
Satoshi Nakamoto published the Bitcoin whitepaper, introducing the concept of a peer-to-peer electronic cash system without banks.
Impact: Laid the foundation for decentralized finance and digital money.
2. Genesis Block & First Transa
How Blockchain Works: A Simplified Explanation for Beginners.
Blockchain is a revolutionary technology that powers cryptocurrencies like Bitcoin and Ethereum. But what exactly is it, and how does it work? Let’s break it down in the simplest way possible.
What is Blockchain?
Think of blockchain as a digital notebook that records transactions. But unlike a regular notebook, this one is:
✅ Decentralized – No single person or company controls it.
✅ Secure – It’s nearly impossible to alter past records.
✅ Transparent – Anyone can verify the information.
How Does Blockchain Work?
1. Transactions Are Made
Imagine Alice wants to send 1 Bitcoin to Bob. She initiates a transaction on the blockchain network.
2. Transactions Are Verified
Instead of a bank, thousands of computers (called nodes) around the world verify that Alice has enough Bitcoin and that the transaction is legitimate.
3. Transactions Are Grouped into a Block
Once verified, Alice’s transaction is grouped with others into a "block" of data.
4. Blocks Are Linked Together
Each new block is connected to the previous block, forming a chain of blocks—hence the name "blockchain."
5. The Chain is Permanent
Once a block is added, it cannot be changed. This makes blockchain secure and tamper-proof.
Why is Blockchain Important?
✅ No Middlemen – Transactions happen directly between users, reducing costs.
✅ Highly Secure – Hacking a blockchain is nearly impossible due to encryption.
✅ Transparent – Anyone can check the records, ensuring fairness.
Where is Blockchain Used?
🔹 Cryptocurrencies – Bitcoin, Ethereum, and more.
🔹 Supply Chains – Tracking products from factory to store.
🔹 Banking & Finance – Faster and cheaper transactions.
🔹 Healthcare – Securing patient records.
Blockchain is more than just crypto—it’s a technology shaping the future!
Would you like a more detailed breakdown or an example for better understanding?
Blockchain is a revolutionary technology that powers cryptocurrencies like Bitcoin and Ethereum. But what exactly is it, and how does it work? Let’s break it down in the simplest way possible.
What is Blockchain?
Think of blockchain as a digital notebook that records transactions. But unlike a regular notebook, this one is:
✅ Decentralized – No single person or company controls it.
✅ Secure – It’s nearly impossible to alter past records.
✅ Transparent – Anyone can verify the information.
How Does Blockchain Work?
1. Transactions Are Made
Imagine Alice wants to send 1 Bitcoin to Bob. She initiates a transaction on the blockchain network.
2. Transactions Are Verified
Instead of a bank, thousands of computers (called nodes) around the world verify that Alice has enough Bitcoin and that the transaction is legitimate.
3. Transactions Are Grouped into a Block
Once verified, Alice’s transaction is grouped with others into a "block" of data.
4. Blocks Are Linked Together
Each new block is connected to the previous block, forming a chain of blocks—hence the name "blockchain."
5. The Chain is Permanent
Once a block is added, it cannot be changed. This makes blockchain secure and tamper-proof.
Why is Blockchain Important?
✅ No Middlemen – Transactions happen directly between users, reducing costs.
✅ Highly Secure – Hacking a blockchain is nearly impossible due to encryption.
✅ Transparent – Anyone can check the records, ensuring fairness.
Where is Blockchain Used?
🔹 Cryptocurrencies – Bitcoin, Ethereum, and more.
🔹 Supply Chains – Tracking products from factory to store.
🔹 Banking & Finance – Faster and cheaper transactions.
🔹 Healthcare – Securing patient records.
Blockchain is more than just crypto—it’s a technology shaping the future!
Would you like a more detailed breakdown or an example for better understanding?
Login to explore more contents