Articles

Welcome to Bit2Me Academy!
Here you will find a lot of articles with which you will learn the main concepts of the crypto world.

What is the Bitcoin Runes protocol?
Basic

What is the Bitcoin Runes protocol?

Meet the Runes protocol, one of the most recent innovations within the Bitcoin ecosystem and that can completely change this ecosystem by allowing the creation of fungible tokens on the Bitcoin blockchain.

Bit2Me José Maldonado 24 April 2024
What is De.Fi?
Basic

What is De.Fi?

Meet De.Fi, an interesting DeFi platform that will help you get the most out of your cryptocurrency portfolio.

Bit2Me José Maldonado 16 April 2024
What are Layers in blockchain?
Basic

What are Layers in blockchain?

Learn what Layers are in Blocckhain and their usefulness to develop the blockchain ecosystem.

Bit2Me José Maldonado 11 April 2024
What are Real World Assets or RWA?
Basic

What are Real World Assets or RWA?

Learn about Real World Assets (RWA) and how they manage to merge real and digital assets coexist using tokenization.

Bit2Me José Maldonado 4 April 2024
What is an altseason?
Basic

What is an altseason?

Learn about what an altseason is, how they occur and how you can detect them to get the most out of them.

Bit2Me José Maldonado 28 March, 2024
What is Internet Computer Protocol (ICP)?
Basic

What is Internet Computer Protocol (ICP)?

Internet Computer Protocol (ICP) is an innovative blockchain technology project that seeks to evolve the traditional Internet, driving the development of high-performance applications using blockchain.

Bit2Me José Maldonado 26 March, 2024
File the Income Tax Return with cryptocurrencies and Bit2Me Tax
Basic

File the Income Tax Return with cryptocurrencies and Bit2Me Tax

Bit2Me John Fornell 25 March, 2024
What is Dencun, the new Ethereum update?
Basic

What is Dencun, the new Ethereum update?

Meet Dencun, the next hard fork that will come to Ethereum and that promises great advances in order to take Ethereum to the cusp of scalability.

Bit2Me José Maldonado 12 March, 2024
What is Reental (RNT)?
Basic

What is Reental (RNT)?

Reental is a powerful real asset tokenization platform (RWA) focused on the real estate sector, which seeks to enhance this sector using blockchain technology and which you can access through its RNT token.

Bit2Me John Fornell 11 March, 2024
What is eSync Network?
Basic

What is eSync Network?

Bit2Me John Fornell 6 March, 2024
What is Casper and its cspr token?
Basic

What is Casper and its cspr token?

Bit2Me John Fornell 26 February, 2024
Difference between crowdfunding and asset tokenization
Basic

Difference between crowdfunding and asset tokenization

Learn about the differences that exist between crowdfunding and the tokenization of assets on blockchain.

Bit2Me gabriel ayala 23 February, 2024

We want to help you

FAQs

Find resolved questions about Bitcoin.

By its most basic definition, we can say that the blockchain is a "distributed ledger technology" that allows the creation of a public and secure record of transactions or data. The operation of the Blockchain or chain of blocks is broader. More broadly, we can say that the blockchain is a set of technologies that facilitate the exchange of value or information from one user to another without the need for the intervention of a trusted third party. Instead of storing in a single centralized database, the blockchain stores it in a network of decentralized nodes each linked to the previous block, creating an immutable chain.

Blockchain is a decentralized database that stores information securely and transparently in connected blocks. blockchain examplesThey would be Bitcoin, Ethereum, Ripple among the cryptocurrencies, but there are also types of blocks that you can consult.

The main use cases of blockchain technology are: -Bitcoin, cryptocurrencies and asset tokenization. -Medicine and pharmaceutical. -Decentralized Finance or DeFi. -Logistics and supply chain. -Verification of credentials. Others use casesin entertainment, payment systems, video games, insurance settlements, real estate, arts and tourism.

A block on a blockchainIt is a unit of information that contains a set of verified and validated transactions. Blocks are the foundation of blockchain technology and are used to record all transactions made on the network. Each block contains information such as the date and time the transactions were recorded, the information of the users who made the transactions, and the details of the transactions themselves. Each block is also connected to the previous one via a hash, ensuring the integrity of the chain and making it virtually impossible to modify previous blocks without altering the entire chain. The validation and verification of each block in a blockchain is an essential process that allows the network to function in a decentralized and secure manner.

The blockchain oracles they are one of the tools that blockchain technology uses to interact with the physical world. Hence their enormous utility and potential since they allow to create a bridge between the cryptographic and physical world in order to create utilities that take full advantage of blockchain technology and everything it has to offer us.

The blockchain is a technology that allows the creation of a distributed ledger on a computer network without the need for a central server or database. Updating and managing this ledger can only be done in consensus with all the parties that make up the network. The computing power of all the nodes in the network is used not only to enter information, but also to protect it against unauthorized modification, which allows very high levels of security to be achieved compared to other technologies. The construction and operation of the blockchain depend on elements such as blocks, miners and nodes. The utility of the blockchain is varied and will revolutionize many aspects of our individual and collective lives, such as the creation of cryptocurrencies and the digitization of property.

La blockchain securityIt is based on cryptography and decentralization. Each block of information is verified and validated by multiple nodes in the network, making it very difficult to alter or falsify information on the blockchain. In addition, the use of cryptographic keys ensures that only authorized users can access and modify the information. Decentralized consensus is also a key element of blockchain security. Instead of relying on a central authority to verify transactions, the entire network verifies and approves each transaction. This makes it very difficult for attackers to tamper with the blockchain. In short, blockchain security is based on cryptography, decentralization, and consensus.

The exchanges between chains or atomic cross-chain swapsthey are a way of exchanging different cryptocurrencies that operate on their own blockchains. These exchanges allow users to trade directly with each other without intermediaries. Whereas in fiat currency exchanges, people can exchange by simply giving the currency equivalent based on the exchange rate. The use of a special programming language ensures that both parties agree to the transaction and that neither party has access to the other's funds. Thanks to the special programming used in cryptocurrencies, cross-chain exchanges can be done safely and securely.

Blockchain technology has various types, each with unique characteristics that adapt to different needs, such as public, private and hybrid or federated blockchain. Despite the fact that in the beginning the interested parties were individuals, companies and governments began to be interested in blockchain technology to use it in their own projects. This vision gave rise to different blockchain projects, such as private blockchains and hybrid or federated blockchains.

The blockchain algorithmsThey are a fundamental part of blockchain technology. These algorithms are used to validate and confirm transactions on the blockchain network, thus ensuring the integrity and security of the blockchain. These are some of the main ones: - SHA-256: used by Bitcoin, Bitcoin Cash, Bitcoin SV, Namecoin, RSK and Stacks, among other projects. - Ethash: used by Ethereum, Ethereum Classic, Musicoin, Expanse, WhaleCoin and various Ethereum derivative projects. It requires a high memory requirement and was designed to prevent ASIC mining. - X11: It was developed by the Dash cryptocurrency and uses a combination of 11 different hash algorithms to secure the network. X11 is resistant to ASIC mining and uses less power than other algorithms.

A DAO (Decentralized Autonomous Organization) is an entity that operates by a set of rules programmed into a smart contract and runs on a blockchain network. These organizations are created with the objective of being decentralized, which means that they do not have a centralized control entity and that all members of the DAO have an active participation in decision making. DAOs can have different objectives, from investment management and decision making to the creation of products and services. DAOs have a close relationship with the blockchain, as DAOs run on a blockchain network, such as Ethereum, and use smart contracts to define their structure and operation. This means that the DAO's rules and decisions are recorded and maintained on a blockchain, making transparency and trust critical to its operation. In addition, DAOs can use tokens native to the blockchain as a way to reward members for their participation and decisions in the organization. Ethereum is the most widely used blockchain for creating and running DAOs, as it allows for the creation and execution of smart contracts. custom files that can be used to program the rules and operations of a DAO. In addition, Ethereum also supports ERC-20 and ERC-721 tokens, which are used to represent and manage DAO assets, and governance tokens, which are used to allow DAO members to vote and make decisions.

La randomnessIt is fundamental in blockchain technology, especially in the asymmetric cryptography used to create private and public keys to protect cryptocurrencies. Randomness is necessary in computer security and is present in many digital applications, such as the secure connection of websites and the wireless connection of mobile devices. Since computers cannot generate true random numbers, the evolution of blockchain randomness has focused on using the blockchain itself to ensure the generation of random numbers that can be used in different applications. Examples of models of generating randomness in the blockchain include the use of Block-hashes and oracles.

La Cryptography is a security techniquewhich uses encryption algorithms and keys to protect information and data. Its objective is to guarantee the confidentiality, integrity and authenticity of information in many fields, such as computer security, banking, communications and electronic commerce, among others. Cryptography uses encryption techniques and encryption keys to ensure information security, and is an essential technique for information security in today's digital world.

El goal of cryptographyis to protect information so that only authorized people can access it. Cryptography is widely used in computer security and in the protection of personal and financial data.

La symmetric cryptographyis an encryption method that uses the same key to encrypt and decrypt information. It's fast and efficient, but requires both parties to securely share the same key.

La asymmetric cryptography, also known as public key cryptography, uses a different key pair to encrypt and decrypt information. One key is public and freely shared, while the other key is private and kept secret.

La crypto has its rootsin ancient times, when secret writing techniques were used to send important messages. However, modern cryptography originated in World War I, when more advanced encryption techniques were developed to protect military communications. In the 1980s, David Chaum created the first message mixing protocol, called "Mixnet", which allowed anonymous messages to be sent over the Internet. He also created "Digicash", an anonymous digital currency that used public-key cryptography to ensure the security and privacy of transactions. His contributions have been fundamental to the development of modern cryptography and its application in the digital world.

Un cryptographic algorithmIt is a set of mathematical rules and procedures used to encrypt and decrypt information. Cryptographic algorithms can be symmetric, where the same key is used to both encrypt and decrypt information, or asymmetric, where different keys are used for encryption and decryption.

Una cryptographic keyis a value used in a cryptographic algorithm to encrypt or decrypt information. It is used to identify a user or entity and allow access to information or resources protected by applying an encryption algorithm. In the context of cryptocurrencies such as Bitcoin or Ethereum, the private key is an alphanumeric string that is used to access the address of the wallet or wallet, which contains the cryptocurrencies and allows transactions to be carried out on the blockchain.

Una public keyit is a component of a public key encryption system, such as that used in blockchain technology. It is a key that is used to encrypt information so that only the intended recipient can decrypt it. In other words, a public key is used to encrypt data that is sent to a recipient and is shared with anyone who wishes to send information to the recipient. In the context of the blockchain, a public key is used in combination with a private key to create a unique and secure cryptocurrency address for each user. The cryptocurrency address is used to send and receive cryptocurrency and is made up of a string of characters that includes an encrypted version of the public key.