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tinam • Mar 25, 2022, 7:29 am EDT

What Is A Decentralized Autonomous Organization (DAO); How Does It Work?

Imagine yourself being in a gang. Only this particular gang handed you the keys to the mansion and the Lamborghini and sent you to college. Okay, now get your head out of that fantasy because we’re talking about a DAO today. So I don’t need you sleeping on this one. That would be a nice dream, though, which might also be a good way of looking at a DAO. To be technical, we’re talking about a Decentralized Autonomous Organization. They exist, and they can be pretty powerful. A group of people who don’t actually know each other put their money

3 minutes

tinam • Mar 23, 2022, 3:15 am EDT

Lasers Used To Cut Energy Costs In Bitcoin Mining

Bitcoin mining is a great way to make huge money, especially when considering its value right now. The issue is that it takes a good bit of energy and has environmentalists up in arms. So it’s a good thing that the Bitcoin industry is on the leading edge of reducing its energy consumption. Of course, at Byte Federal we have already explored how the Bitcoin mining industry is lowering its energy costs. These methods include utilizing solar energy as well as hydro, wind, and even natural gas waste to solve the problem. But its latest innovation is so ingenious that

3 minutes

tinam • Mar 21, 2022, 3:37 am EDT

Tom Brady Makes Bitcoin Offer For Unfortunate Fan

It was one of the funniest headlines of the past week when Tom Brady announced that he would continue playing football. One unlucky fan had just bought the last touchdown ball Tom Brady threw before announcing his retirement from the game. But that ball will no longer be his final touchdown pass. Tom Brady launched a 55-yard pass to Michael Evans during his final game, who would run it in for a touchdown. However, after getting in the endzone, Michael Evans heaved the ball into the stands. Finally, with 3:20 remaining in the game, the Bucs had hope. But it

2 minutes

tinam • Mar 18, 2022, 6:04 am EDT

A Look Inside Bitcoin Mining In Texas

Bitcoin is going more green with every environmentalist protest. This has never been more evident than in places like Texas where natural gas wells have become the solution. Normally, natural gas is the problem. But now, it’s actually solving a huge one in the Bitcoin mining industry. Alice Hines of Vice visited the power-duo Brent Whitehead and Matt Lohstroh, co-founders of Giga Energy Solutions. For the second episode of Cryptoland, they walked her around the facility in Texas to show her how everything works. When you see the operation for yourself, you’ll realize why it’s so amazing. What’s The Problem In Texas? There are

2 minutes

tinam • Mar 17, 2022, 6:16 am EDT

Bitcoin Has Proven Itself The Ideal Platform For Philanthropy

In a recent report, the Ukrainian government has received over $20 million in donations to support its efforts against Russia. As you may know, donations began pouring in from around the world when Russia attacked. But Bitcoin stepped up to be the preferred platform for philanthropy. People have always been very giving. Crowdfunding has been a longstanding method for helping out our neighbors, even when those neighbors are thousands of miles away. But there are times when companies or governments can step in to stop those funds from getting where they need to go. Issues With Philanthropy In fact, Patreon was the

3 minutes

tinam • Mar 14, 2022, 2:50 am EDT

Passing Down Bitcoin As An Inheritance Is Pretty Simple

Bitcoin as an inheritance seems like a headache for anyone looking to get into crypto investing. At first thought, you might be wondering how to transfer a decentralized currency that works on cryptography and anonymity as security measures. (Good Question). You’ll soon find out that it’s no different from any other asset, even if there are some additional steps you might have to take. “If you don’t create a copy of that key and put that key in a safe place where the people that you trust can find it and know what to do with it, then the wealth

3 minutes

tinam • Mar 11, 2022, 3:41 am EST

Bitcoin Being Put To The Test And Shining

Currency like gold is what people rush to in times of great stress. They try to hold onto anything of value because they know they will need it in the aftermath. This is the test Bitcoin is going through right now, and it’s coming through with flying colors.We’re all watching gas prices shoot through the roof, and there is no indication when they will ever come back down. Food prices are soaring as well. In fact, gas prices impact the prices of most goods and services. When the cost of transportation rises, expect the cost of everything else to go

3 minutes

tinam • Mar 9, 2022, 2:09 am EST

Bitcoin Offers Hope As Commodity Prices Inflate

With gas prices soaring through the roof, it’s tough to imagine when (or if) we will return to simpler times when fuel was less than $4 a gallon. But gas prices aren’t the only things going up. Prices are soaring from the grocery store to the housing market. Inflation changes everything, and the game is in pursuit. Commodities like oil, wheat, and corn were just starting to boom again. Then, what changed? The rally is on the downturn, “Soybean futures have erased their 2021 advance, sliding more than 20 percent from an eight-year high reached in May, while corn and wheat

2 minutes

tinam • Mar 7, 2022, 2:43 am EST

Big BTC Prediction From Analyst Who Keeps Getting It Right

Bitcoin investors have a reason to get excited over this analyst’s prediction. He has been right before. He was right last year, and he even has the graphs to prove he knows his stuff. Calling himself Dave the Wave on Twitter, he has over 95K followers. He has proven himself over and over that he’s an analyst worth taking seriously. And just recently said that Bitcoin would hit $100,000 this year, but other predictions need to be heeded as well. “One for the bulls. Aligning the micro with the macro. 100K within striking distance this year…” @davthewave Some analysts were calling

2 minutes

tinam • Mar 4, 2022, 3:19 am EST

Bitcoin Is So Much More Than Just Another Currency

Bitcoin is solving big world problems in such a significant way. Right now, it’s the choice of currency to fund Ukraine. It’s lifting countries out of debt. It has also created millionaires out of people who took a chance on it years ago. But, it still has most people confused. What exactly is it? Why do we need it? What does it do? We thought we’d take a moment to slow down in our everyday pursuit of news and address these questions. Of course, we have this information in our ever-expanding Byte University, a list of publications that teach you everything

4 minutes