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As the Russia vs Ukraine war progresses, various financial organisations and governments have pointed out multiple times the possibility of Russia being able to evade the economic sanctions put on them via unscrupulous means mainly one of them being cryptocurrency. As crypto transactions aren’t based on any traditional economic networks, it is hard to track and block. Recently, the IMF has pointed out and warned again that Russia may be planning to use its vast…

Cryptocurrency mining is a concept that most people interested in crypto have heard about but don’t know about it clearly. Mining is energy-intensive and requires expensive hardware and software. There are several processes that miners must follow. These include verifying transactions and performing mathematical calculations known as Proof of Work (PoW) and later developed systems such as Proof of Stake (PoS) and other proofing methods such as Proof of Authority (PoA). These systems use a…

As more and more people keep learning about Bitcoin, the word ‘mining’ keeps popping up. People might wonder what is meant by mining. Traditionally with resources like Gold, Silver, Coal and other precious metals we have to mine them or dig them from underground. However, with Bitcoin, mining has slightly different meaning. The job of Bitcoin mining is not done by people, instead it’s done by computational power. Computers connected to the bitcoin network, dig/mine…