The world of blockchain is a vast and exciting landscape, promising transformative solutions across industries. However, for Black founders and innovators, the path through this jungle can be fraught with challenges. This blog delves into the experiences of Sinclair, a Black entrepreneur navigating the complexities of building a blockchain startup in Zimbabwe. We’ll explore the…
In this episode, the focus is on the role of incentives in blockchain technology, specifically in Bitcoin, to ensure network security. Two main consensus algorithms for providing these incentives are discussed: Proof of Work (PoW) and Proof of Stake (PoS). In PoW, miners use computational power to solve complex equations, thereby creating new coins and…
John Karanja, CEO of Melanin Solar and co-founder of BitHub Africa, presented at a conference on the topic of utilizing blockchain technology to advance sustainable energy adoption across Africa. Speaking from a rural region in Kenya, John highlighted that a significant portion (around 65%) of the African population lacks access to consistent energy, even though…
The Whive Network is now live with the first block being created at 19:39:20 UTC on Sunday 02/02/2020. Whive, is a peer-to-peer blockchain protocol that is incentivizing the building of sustainable energy solutions through Trustless Rewards. The protocol achieves this through a hybrid Proof-of-Work(POW) & Proof-Of-Stake(POS) consensus algorithm that favors devices with CPU(small) processors & are located in regions with…
Blockchain is a data structure that stores records in a queue system. There are two types of blockchains: public and private. Public blockchains, like Bitcoin, allow anyone to view all transactions, while private blockchains restrict access to authorized individuals. In this session, we explain that a “block” is essentially a bundle of transactions. This bundling…
BitHub.Africa conducted a feasibility study on how Blockchain technology like Bitcoin could be harnessed to create new opportunities to solve problems in Africa. This was especially important given the recent decision by Kenyan Central Bank to issue a warning against Bitcoin. We surveyed 96 people who are already in the African Bitcoin Community using this form. What…
