How Bitcoin Transaction Fees Are Determined

Every time you send value over the Bitcoin network, you should include a small fee for miners. The amount of the transaction fee you pay is largely your decision. But the more you attach, the faster your transaction is likely to be included in the next block and confirmed on the ledger. Centralised payment [...]

By | 2018-04-24T00:19:29+10:00 April 24th, 2018|beginner, Bitcoin|0 Comments

What is a 51% Attack and How Big of a Risk is it to Bitcoin?

Cybersecurity, Vaults, and Background of a 51% Attack Before we dive into the specifics of a 51% attack, we need to look a bit at the larger concept of security. It is important to understand that in the world of networked technologies nothing is ever totally secure. The greatest cybersecurity experts in the world [...]