Ethereum: What happen if there’s no one mining bitcoin?

The Impact of No Mining on Bitcoin Transactions: What Happens When Miners Disappear As the second-largest cryptocurrency by market capitalization, Ethereum has become a crucial component of the global digital economy. At its core, Ethereum enables smart contracts and decentralized applications (dApps) to operate without the need for intermediaries like banks or payment processors. However,…

Ethereum: Go-Ethereum “transaction type not supported” Error When Fetching Blocks on BaseChain

Here’s a step-by-step guide and sample code that should help you fix the “transaction type not supported” error when extracting blocks in BaseChain with Go-Ethereum (Geth): Problem Description The problem arises because the BlockByNumber method returns an empty or incorrect response, which can be misleading. The transactionType’ field is missing in the returned block data.…

Bitcoin: Is it ok to use bitcoin-lib.js from bitcoincore.tech for production?

Is it safe to use Bitcoin-Lib.js in production? When it comes to using third-party libraries in a production environment, security and compatibility become top priorities. In this article, we will explore the implications of using bitcoincore.tech’s bitcoin-lib.js for production purposes. What is Bitcoin-Lib.js? Bitcoin-lib.js is a JavaScript library that provides an interface to interact with…

Ethereum: How does BitCoin prevent fraud during confirmation period?

Ethereum: How Does Bitcoin Prevent Fraud with Confirmation Periods? When it comes to cryptocurrencies like Bitcoin and Ethereum, security is paramount. Two of the most important issues when using these digital assets are fraud prevention and confirmation periods. In this article, we’ll look at how the two mechanisms work together to prevent fraudulent activity. Confirmation…