What is hashrate and why is it important? — Hashrate — also called hashpower or computing power — is a critical aspect of decentralized networks functioning under the proof-of-work consensus. Hashrate and crypto mining: The basics To explain hashrate, we first need to understand how cryptocurrency mining and proof-of-work consensus algorithms work. Cryptocurrency mining is the process through which miners dedicate computational power to provide…

The Lumerin node is critical in the data routing and commoditization process — Before we start… Let’s first do a quick overview of the Lumerin Protocol. When we talk about Lumerin, we’re referring to a decentralized, peer-to-peer blockchain protocol that allows for the exchange, rerouting, and redirection of data streams using smart contracts. This immediately raises the first question: what are data streams, and what does…

Preserve principal and earn yield in LMR with the new Vesper Earn pool — Dear Lumerians, We’re excited to announce the first Lumerin Earn Program for our community. Starting today, you’ll be able to deposit USDC to earn LMR on Vesper Finance! About Vesper Earn Pools Vesper Earn is an innovative product that allows you to generate yield in a different currency than the one you deposited…

Protect yourself against price swings to ensure maximum profitability — Crypto mining can be an excellent side hustle and, if you’re willing to commit, even your primary source of income. Nevertheless, that doesn’t mean it’s easy. Setting up your mining operation can be cumbersome. It requires a considerable initial investment and constant attention. Most importantly, there are also several external…

A simple approach to increase your BTC holdings — 21 million bitcoin. That’s all there will ever be. Scarcity is one of bitcoin’s most fundamental aspects as hard money, and a major influencing factor in its price. The Bitcoin community knows this. As a consequence, many bitcoiners have made it their goal to stack as many sats as possible…

Is Bitcoin mining centralized? Here’s all aspects to consider before answering that question — Concerns about hashrate centralization have always been around within the Bitcoin community. However, after the meteoric rise of enterprise-level mining and consequent government regulations around it, the debate has heated up. Most importantly, with the evolution of the mining industry, the landscape has become more complex. As such, there are…

Blockchain scalability is a fundamental challenge for cryptocurrency networks — What are scalability and scalable blockchains? In the crypto ecosystem, we define scalability as the capacity of a blockchain network to adapt and perform well in response to increasing demand. We also refer to “scalable blockchains” as those blockchain networks that remain efficient even after significant growth in usage.

P2P cryptocurrency trading without intermediaries — The basics: What are decentralized exchanges? Decentralized exchanges — also referred to as DEX s— are decentralized applications — dApps — built on blockchain networks that enable cryptocurrency trading. In other words, they are online platforms that allow users to swap one cryptocurrency or token for another. Users can access DEXs directly from their crypto wallets…

We can decentralize proof-of-work networks through smart contracts and data stream routing — Is Bitcoin mining centralized? With the institutionalization of mining over the last years, concerns for centralization have risen. As enterprise-level mining entities expand their operation, hashrate becomes more geographically concentrated. These entities then “sell” that hashrate to the pool with the best deal. Here’s where it gets complicated.