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7 confusing crypto terms (almost) nobody understands

The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.

Getting to grips with cryptocurrency isn’t easy. Even after you’ve got your head around Bitcoin and Ethereum and the difference between proof-of-work and proof-of-stake, there’s still a whole new world of terminology to learn and understand.

But even among fairly hardened cryptonians, there are still terms that are difficult to understand. Here are the seven terms that almost nobody in blockchain understands as fully or as deeply as they’d like.

In the 1958 movie starring Steve McQueen, and its 1988 remake, The Blob is an amoeba-like jello monster that terrorizes the inhabitants of a small town, growing larger and redder as it consumes them.

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Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

Biggest fears about Bitcoin’s future: Industry weighs in

Reddit’s Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.

Bitcoin (BTC) has achieved significant success since its inception, but some within the community remain concerned about its future.

On Sept. 14, a Redditor on the Bitcoin subreddit appealed to the community with a question on the most legitimate concerns about the future of BTC.

What scares you the most about Bitcoin’s future? Source: Reddit

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Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant

US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: CryptoquantAccording to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of Bitcoin Hashrate On Monday, Cryptoquant’s founder Ki Young Ju took to X (formerly known as Twitter) to […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting

Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder MeetingRiot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

BTC Miners Increase Earnings With Fractal Bitcoin Mining 

BTC Miners Increase Earnings With Fractal Bitcoin Mining According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time high (ATH) last week but has since dropped 61.9% below that ATH just six days later. Mining Pools Reap Rewards […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

Government of Bhutan Holds $828M in Bitcoin, Arkham Data Shows

Government of Bhutan Holds 8M in Bitcoin, Arkham Data ShowsThe government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained. Bhutan Revealed as a Major […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles 

The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1

Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677% […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

Bitcoin miner wallets awaken after over 15 years — Is this Satoshi?

Five miner wallets that received block rewards weeks after Bitcoin launched have started moving their coins. 

Wallets belonging to early Bitcoin miners who received coins as rewards shortly after the blockchain’s launch by its pseudonymous creator, Satoshi Nakamoto, have recently been observed moving their BTC.

On Sept. 20, five miner wallets that received 50 Bitcoin (BTC) each as block rewards in 2009 started to move their funds. Blockchain data shows that one wallet received the mining reward on Jan. 29, 2009, while three received block rewards on Jan. 31, 2009. The last wallet received a block reward on Feb. 2, 2009.

One of the Bitcoin wallets seen moving mined BTC. Source: Blockchain.com

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Sony’s Soneium Might Be the Answer to Mass Web3 Adoption

860 Terahash — Hut 8 and Bitmain Partner to Launch New Direct Liquid-to-Chip ASIC Miner

860 Terahash — Hut 8 and Bitmain Partner to Launch New Direct Liquid-to-Chip ASIC MinerHut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to self-mining through a purchase option. Hut 8 and Bitmain Partner on Innovative Miner to Boost Bitcoin Mining Infrastructure The […]

Sony’s Soneium Might Be the Answer to Mass Web3 Adoption