How Bitcoin is Safe and Maintain Anonymity of the Bitcoin Inventor

In fact the answer to the question “What is bitcoin?” It is not as complicated as it appears, but it is often superficial or technical, which causes the questioner to be in a form of confusion or a complete and complete lack of understanding of this technological revolution. And the multiplicity and difference of answers is considered normal due to the difference in people and the difference in their angle of view on bitcoin! There are those who see it as just a currency, and there are those who see it as an alternative global financial system, while some consider it a revolutionary technology that has radically transformed the Internet, by moving it from just a way to communicate and exchange information and electronic messages, to a way to exchange value as well…!

Bitcoin was invented by a person, or group of people, and (they) called themselves “Satoshi Nakamoto” in 2009, one year after the global financial crisis. It is an online payment system only between two customers without the need of a third party, “a banking institution, for example.”

The anonymity of the Bitcoin inventor was a good choice, regardless of the reasons behind this choice. Because this contributed to the decentralization of bitcoin, and the feeling of the bitcoin community that this technology belongs to everyone, which encouraged the demand for it by users and programmers, and work to develop it, in addition to getting rid of the “conspiracy theory” that would have been caused by the religion or ethnic origins of the inventor! This helped accelerate the pace of technology adoption by the digital community.

But despite this did not prevent the existence of a skeptical group, considering that Bitcoin is only a questionable digital entity and who is behind it!

Most people only know about Bitcoin but it is a digital currency that is exchanged over the Internet, frankly, this is true to some extent! Because Bitcoin is more than just a digital currency! It is an open source decentralized platform, network, currency, and ecosystem (distributed) that is revolutionary and technological precedent.

Before getting into more detail, here are the questions we will answer that will make you understand the Bitcoin issue well and smoothly.

What is the Bitcoin mining process?

The mining process is the process of verifying the transactions that take place inside the network and recording them in the distributed registry “Blockchain “, which is a basic process in the bitcoin system, which is used in issuing new currencies on the concept of “proving work” where any computer connected to the network can do it in theory. It has a massive computer power that enables it to mine bitcoin. is one of the best and secure platforms for news related to buy, sell and trade the bitcoin

Currently, your home computer cannot perform this operation no matter how powerful it is, because it simply cannot perform the complex calculations that the mining process requires before any other computer in the network, and thus obtain the reward represented by new bitcoins the system makes for you. Therefore, the miners clump together in groups in order to form a large computational force that enables them to compete with other groups to obtain the bonus of recording transactions on the Bitcoin network and thus share the bonus upon obtaining it among the members of the winning group.

What is the Bitcoin protocol?

Bitcoin is a unique and successful form of online payment. So, this success and distinction must have strict rules to which the Bitcoin system is subject, and these rules or laws are what are called the “Bitcoin Protocol”.

To simplify the issue, the protocol is a set of rules programmed in the code running for the Bitcoin network program, whereby any Bitcoin transaction can only take place according to the rules and conditions specified in the protocol’s “code”. Taking into account that it is not possible for anyone to amend the protocol, and then the Bitcoin community must agree to any amendment and accept it before its approval, which is a difficult and complicated process due to the decentralization adopted by the system.

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

Check Also

One of the reasons why you might decide to buy headphones is to isolate your ears from your neighbor's snoring. When someone is snoring next to you on a plane or a train while you're trying to meditate or concentrate on your work, this might ruin your whole day. Those who travel frequently or share an apartment with a person who snores would be interested in headphones with noise cancelling. However, there are three diverse technologies of noise cancellation, and before purchasing the headphones you might be curious to know which one solves the snoring problem. Active Noise Canceling When you try to investigate how noise cancelling headphones work, active noise cancelation would probably be the first concept you come across. This technology functions only when headphones are connected to power. Their tiny in-built microphones detect unwanted outside noises and mute them before they reach your ears by generating precisely the opposite sound frequencies. This might seem a bit too complicated for non-professionals, but active cancelling works wonders. Its main drawback consists in the high price of the headphones. For instance, Treblab Z2 with T-Quiet active noise-canceling technology costs $89.97 while this brand manufactures pretty decent devices at around $50. Z2 is wireless and tailor-made for workouts. It can boast of a 35-hour playtime, IPX4 water resistance, Bluetooth 5.0 connectivity and secure fit. Sony WH-1000XM4 costs $348 and justifies this price for delivering top-notch sound quality. If you can afford such expenses, you'll be delighted with this stylish and comfortable device with a 30-hour battery life. Alas, it doesn't have an IP rating. Lindy BNX-60, sold at around $114, delivers not so superb sound quality when it comes to high frequencies. But it's equipped with Bluetooth and its battery lasts up to 15 hours. Passive Noise Canceling This technology is sometimes referred to as "noise isolation". It is genuinely simple because the headphones aren't equipped with microphones or any other sophisticated components. They just cover your ear so that not a single sound from the outside can reach it. The primary competitive edge of such devices is their shape and the materials they are made of. The passive solution is more budget-friendly than the active one. You don't always need to connect the headphones to power. However, the quality of cancellation is slightly poorer, so you still might hear the muffed irritating snoring by your side. Treblab BT5 can serve as a good example of this category. For just $59.97 you can enjoy decent noise isolation, 24-hour playtime enabled by the PlayXTend battery, IPX4 water protection and Bluetooth 5.0. Sennheiser HD 280 PRO costs $100 and efficiently protects your ears from noises of up to 32 dB. The sound quality should be characterized as "remarkably above average". The only possible shortcoming one might find with this device would be its flat shape (your ears might become tired in the long run). If you prefer tiny earbuds, Shure SE215 at $79 might be a worthy choice. This one will hardly save you if someone is snoring right beside you but will help you to disconnect from excessive noises when working out or walking through a crowd. Adaptive Noise Canceling The two above-mentioned approaches don't make any difference regarding who is listening to the sound and which characteristics the unwanted sounds possess. The adaptive technology suggests analyzing the quality of the surrounding sounds and modifying noise cancelling accordingly. The headphones are equipped with adaptive filters and error microphones, so their construction is even more complicated than active noise cancellation. Sennheiser PXC 550 costs $350 and relies on Bluetooth 4.2. Its battery lasts for 30 hours, the sound quality is very decent and if needed, you can use this device in wired mode. Conclusion If you need the maximum noise cancelling, opt for the active technology. It might cost more than the two other alternatives but it's definitely worth it. If you prefer passive noise isolation, check the volume limit the headphones can cope with — the higher the better. The adaptive approach has impressive perspectives but remains relatively new and experimental so far. When looking for headphones with excellent active or passive noise cancelling at a reasonable price, consider the Treblab brand.

Noise Cancelling Headphones

One of the reasons why you might decide to buy headphones is to isolate your …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.