A blockchain firm has confirmed its plan in launching a bitcoin mining centre located in Paraguay in collaboration with a research and development firm, Commons Foundation based in Seoul. Bitfury’s BlockBox AC mobile data centres have the capabilities of a full-size bitcoin mining datacenter, making this the ideal solution for mining bitcoin on a large scale with ease.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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