What is Bitcoin Mining?

What is Bitcoin Mining?

One of the challenges of understanding Bitcoin mining is that it is actually a terrible name for what Bitcoin miners are really doing with their computer power. Miners are actually the custodians of the transaction ledger known as the Bitcoin blockchain. Although Bitcoin transactions appear to take place instantly, they are not confirmed into the Bitcoin transaction ledger until they have been checked by a Bitcoin miner. Nodes can then use the transaction ledger to make sure that a certain Bitcoin address is not trying to respend bitcoins that they’ve already sent to another public address in the Bitcoin payment network.

Continue reading What is Bitcoin Mining? at CEX.IO Official Blog.

CEX.IO Presents WebSocket API for Professional Traders

CEX.IO Presents WebSocket API for Professional Traders

CEX.IO, a UK-based Bitcoin exchange, has developed real-time WebSocket API, a useful tool for professional traders and developers, which provides the fastest way to obtain data from the exchange. 

Due to outstanding pusher technology, WebSocket API users are able to subscribe to certain exchange updates. Such subscription allows getting real-time notifications about system changes without sending extra requests to get required information.

“Not only will WebSocket API solution be useful for professional traders and developers, but also lead to new partnerships between CEX.IO and other Bitcoin companies on the market”, Jeffrey Smith, CIO of CEX.IO.

Continue reading CEX.IO Presents WebSocket API for Professional Traders at CEX.IO Official Blog.