Tag bitcoin

Bitcoin Energy Consumption

Bitcoin Uses 56% of Renewable Energy

Why is everyone concerned about bitcoin’s energy use, from Elon Musk to Janet Yellen? Elon Musk said Tesla has halted purchases of vehicles with bitcoin due to concerns over the “rapidly increasing use of fossil fuels for bitcoin mining.” thereafter…

Cryptocurrency To Replace Fiat Money?

Cryptocurrency to Replace Fiat Money?

Cryptocurrencies have been around for over a decade now. During this time, bitcoin has secured the status of the most popular and dominant digital currency. Though it has faced some ups and downs, its value continues to increase. Some experts…

Coinbase Transaction

What is a Coinbase Transaction?

A block is created and immediately added to the blockchain when all transactions on the bitcoin network are consolidated. These blocks are now immutable and tamper-proof for all transactions. The Coinbase transaction created by the miner is the first transaction…

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