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…
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…
BitHub.Africa recently attended the Dot Finance Africa conference in Nairobi Kenya. The 2 day conference on 4th and 5th May touched on the financial technology and banking sectors with a focus on solutions for Africa. Our Founder John Karanja was both a Speaker and Panelist and shared a stage with Chris Skinner, Jon Matonis and…
Blockchain is a booming sector with ample opportunities waiting for you in the market. If you think you have the right skill sets to work in Blockchain domain and wish to get adapted to this trending wave, then you should be able to take the necessary actions to enjoy the power of this revolutionary platform.In…
“Chi da savio operar vuole, pensi al fine.” An Italian proverb to allude to Charles Ponzi’s descent to mean Think on the end before you begin, buyer beware.When I think about Ponzi schemes and the people who perpetrate them, one thing comes to mind- that the best ponzis happen around, within an innovation. Bitcoin is…
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…
