Philip Hammond, the former UK finance minister, believes that regulators need to change their attitudes towards cryptocurrencies in order not to "fall behind" the competition.
The power supply for mining is extremely important, because it largely determines how reliable the process of mining itself will be. The power supply has higher requirements in terms of energy efficiency and stability. Before you connect a mining farm, you need to know some of the nuances of selecting such equipment.
Atomic swaps are a mechanism for enabling true P2P trading of crypto-assets directly via blockchain. How do atomic swaps work and what is the future of this technology?
Atomic swaps are automatic contracts for exchanging crypto-assets between blockchains. The mechanism of smart contracts completely eliminates the need for centralized third parties (exchanges or exchanges) in transactions and frees the counterparty from risk. It is one of the few truly decentralized methods of conducting crypto-asset exchanges.
Ever since bitcoin mining became more difficult and less profitable, many crypto-enthusiasts have turned their attention to cloud mining. And there are several reasons for that. Cloud mining providers provide users with their mining equipment for rent in accordance with the selected tariff. And such cooperation has a lot of advantages.
Edward Snowden, an American technician and special agent and former employee of the CIA and the U.S. National Security Agency, shared his views on the adoption of Bitcoin in El Salvador. He believes that other countries should definitely follow suit and accept the flagship crypto-asset as a legal tool for making payments. Snowden notes that states will later regret that they made this decision too late.