2024 January
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What is Layer 2 crypto? Is this technology important to the crypto world?
- January 30, 2024
- Posted by: Bitforum
- Category: Blockchain, Research, Technology
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The blockchain trilemma, encompassing scalability, decentralization, and security, forces developers to make trade-offs to ensure effective functionality. Bitcoin and Ethereum, for instance, prioritize security and decentralization at the expense of scalability. While these networks maintain a secure and distributed ledger, the continuous growth in network users leads to lower transaction speeds.
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Does inflation matter for cryptocurrencies?
- January 24, 2024
- Posted by: Bitforum
- Category: Blockchain, Business, Research
The process of mining, where new blocks are added every ten minutes, introduces 6.25 Bitcoin into the network. This issuance rate is scheduled to decrease by half every four years until the entirety of the 21 million Bitcoin is mined, in what is known as the “halving” process.
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What is Layer 1 Blockchain – 101 about Layer 1
- January 20, 2024
- Posted by: Bitforum
- Category: Blockchain, Research, Uncategorized
Blockchain Layer 1 serves as the foundational level of a blockchain network, but its ability to scale is constrained.