How does a Private Key Work?

What is Private Keys?

A private key, also known as a secret key, is a variable in cryptography that is used with an algorithm to encrypt and decrypt code. Secret keys are only shared with the key's generator, making it highly secure. Private keys play an important role in symmetric cryptography, asymmetric cryptography and cryptocurrency. The complexity and length of the private key determine how feasible it is for an interloper to carry out a brute force attack and try out different keys until the right one is found. 

Benefits Of Mining Cryptocurrency

So why do people mine cryptocurrency? And why you choose mining as your passion? Let's share your opinion with us.

Will Bitcoin Mining Ever End? How Many Bitcoins are Mined per Day?

What is a Bitcoin Halving?

In approximately 16 months or 480 days, Bitcoin production will halve again.

Here’s what it means: Currently, when miners add a new block to the Bitcoin blockchain, they receive 12.5 BTC as a reward. But by the end of May 2020, that reward will shrink by half. This means instead of 12.5 BTC, miners will get only 6.25 BTC for every block they add to the Bitcoin blockchain.

This event is what people in the crypto world call the ‘Bitcoin Halving’.

It occurs every time 210,000 bitcoins are mined – or every four years. And if you have invested money into Bitcoin, or plan to do so in the near future, this event can have a major impact on your next move.