The website dailyblockchain.github.io provides a compelling and intuitive real-time visualization of Bitcoin transactions. What at first glance appears to be a playful arrangement of colored blocks is, in fact, a clever and educational representation of the processes happening within the Bitcoin blockchain. This platform is valuable not only for beginners looking to understand how blockchain…
The Cambridge Bitcoin Electricity Consumption Index (CBECI), developed by the Cambridge Centre for Alternative Finance (CCAF), offers a real-time estimate of the total electricity consumption of the Bitcoin network. This tool is instrumental in understanding the environmental impact of Bitcoin mining, which relies on energy-intensive proof-of-work algorithms. Understanding the CBECI Methodology The CBECI estimates Bitcoin’s…
Bitcoin’s network has been hitting historic milestones lately, with its hashrate — the total computing power securing the blockchain — reaching all-time highs. But why does this matter, and how exactly does it make Bitcoin more secure than ever before? The hashrate measures how many calculations per second are being made by miners around the…
