BitMari, a Pan-African blockchain start-up, revolutionising remittances throughout the African diaspora through the use of blockchain technology has been successfully used to test a Bitcoin Lightning transaction with Tim Akinbo, co-founder and CTO of Tanjalo, a bitcoin startup based in Lagos, Nigeria. Tim was able to send $15 dollars from Nigeria to a recipient in…
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…
On Saturday, 22nd April 2017, BitHub Africa hosted a Bitcoin and Android meetup dubbed Bitdroids. The goal of the meetup was to discuss Bitcoin developments on the Android platform. The event was sponsored by BTC.com a leading Bitcoin Wallet platform operating in emerging and developing countries. Every attendee was trained on how to download, install, secure…
FOR IMMEDIATE RELEASE, Nairobi, Kenya: September 30, 2019 BitHub.Africa, a Blockchain Accelerator focused on driving Financial and Energy access across Africa is announcing the launch of Melanin Academy which will provide a 6-month long Blockchain Engineering Training and Internship program to selected youth across the African continent. This will be done in partnership with KubitX a…
This discussion between Arthur Hayes, Sinclair Skinner and John Wainaina Karanja covers multiple topics related to cryptocurrency, particularly Bitcoin, and its role in both developed and developing economies. The text first highlights the potential for Bitcoin to act as a decentralized currency that gives ordinary people, not just the political elite, a means to trade…
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…
