Course 3

Legality of Cryptocurrencies

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Is cryptocurrencies legal? Is it banned in my country? Pandacoin’s Crypto Crash Course gives you a rough guide on the major countries and their status on the current state of cryptocurrencies. 

Many may ask “Is it legal for me to own cryptocurrencies in my country?” This is pretty straightforward, though rather difficult to answer as there are so many different countries and laws are always changing. According to major sources, the following countries have deemed it legal to own cryptocurrencies: Algeria, Australia, Belgium, Brazil, Bulgaria, Canada, China (and Hong Kong), Taiwan, Colombia, Denmark, Finland, Germany, India, Indonesia, Israel, Japan, Jordan, Lebanon, Lithuania, Malaysia, Norway, Philippines, Poland, Russia, Slovenia, Singapore, South Korea, Switzerland, Thailand, Turkey, United Kingdom, United States.

Why Mine on the Pandacoin Multipool with Your Gaming Rig Right Now, and How to Get Started

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Whether you like Pandacoin or Dogecoin, or you’ve never heard of cryptocurrencies before, if you have a powerful GPU in your gaming PC, you should be mining on the PND multipool overnight and on days you aren’t playing

Whether you like Pandacoin or you’ve never heard of crypto-currencies before, if you have a decent GPU in your gaming PC, you may consider mining on the PND multipool overnight and on days you aren’t playing. As to why you’d want to do this at all, it is essentially providing you a steady income of digital currency in exchange for GPU computation. All you have to do is leave the computer on, with the mining software running, and you get coins! Even under the circumstance where care dearly for the safety of your beloved gaming computer, here I will discuss why you should be using yours to mine cryptocurrency for you on the Pandacoin (PND) multipool.

Data Blocks & Hashrates

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What are data blocks, and what information do they contain? How does mining affect data blocks? What are the mathematics behind mining, and how do they affect the mining process overall? Pandacoin’s Crypto Crash Course will walk you through what miners do and the mysteries of “hash”. 

Blockchains are algorithms through which transactions of coin are conducted, and through which new coins are created. Of course, this doesn’t happen for free, and just as there needs to be a truck to carry the gold from the dig-site to the market, there must be processing power to carry out transactions and the finding of coins. This processing power comes from computers and other processing devices which are used to processes transactions and to decrypt an algorithm in which coins are kept and through which coins are transacted securely.