Bill is a writer, geek, crypto-curious polyheurist, a dog's best friend and coffee addict. Information security expert, encryption software with interests in P2P networking, decentralized applications (dApps), smart contracts and crypto based payment solutions. Crypto Bill has published a total of 415 Posts
Latest Updates by Crypto Bill
ELI5: What is Tornado Cash?
Tornado Cash is a decentralized cryptocurrency tumbler. It is implemented as an Ethereum smart contract and can be used to mix cryptocurrency UTXO's, unlinking the on-chain relati...
Understand the Double Spending problem
As implied by the name, a double spending problem happens when a transaction is processed twice while your account balance is only subtracted once.
This, of course, can only h...
ELI5 How to mine Litecoin
Litecoin has consistently been one of the most popular cryptocurrencies since its inception in 2011.
It was initially forked from the main Bitcoin source code by a developer ca...
avax-python Network Message Pipeline
Here's a short overview of the avax-python Avalanche message pipeline.
We've followed the reference Go implementation as closely as possible, but the Python code is still in ve...
avax-python Implementation Notes
Here you'll find a few implementation notes about avax-python. This is mainly targeted at developers who wish to work on the Python source code.
Python <- Go
cavax – Experimental C language tools for AVAX Avalanche exploration
cavax is an experimental implementation of C language utils for the exploration of the Avalanche AVAX protocol. Initially, cavax supports limited networking and basic passive functionality (e.g. it does not actively verify vertices). cavax listens to the Avalanche network and calls hooks that you can set up to handle each message type. Some default hooks […]
Our Avalanche [AVAX] Price Prediction [Opinion]
If you’ve been following us, then you may have read that we believe Avalanche AVAX is a 20x investment. Why, you may ask? Because we think AVAX is definitely a top 10 cryptocurrency. And, by reaching top 10, Avalanche would have gained 20x at today’s prices. But first, an important legal notice. Disclaimer Nothing in […]
Scrape AVAX network peers using avax-python
P2P networking is the single most important technical functionality in all cryptocurrency implementations. The decentralized nature of Bitcoin, AVAX, Ethereum and others requires peers to talk to each other 24×7 in order to find out about transactions, new blocks, vertices (for DAG-based cryptos like AVAX) and so on. Even if you had the world’s most […]
ELI5 What is the Avalanche Protocol? [AVAX]
Avalanche is a consensus mechanism which aims to combine the best features of previously existing protocols. If you’ve tried to understand the Avalanche consensus protocol paper, then you may have stalled when you ran into technical terms like metastability, Byzantine adversaries, leaderless Byzantine fault tolerance, among others. Here I’ll try to summarize, in very simple […]
Double spending is a condition where the same value can be spent twice, revealing a flaw in the payment processing system.
Irreversible transactions are a characteristic of digital payment systems which offer trustless decentralization. The irreversibility is necessary in order to guarantee that no transaction will be undone once committed by the network.
A process or system by which multiple parties are able to reach consensus. In the context of cryptocurrencies, it's the process which allows for everyone to agree on everyone else's money balance. E.g. Bitcoin employs Nakamoto consensus via PoW mining.
Proof of Stake
Proof of Stake is a consensus mechanism in which block verifiers prove their commitment to the network by staking their coins instead of by proving they performed some work (contrast with Proof of Work).
Staking is the process by which users delegate their Proof of Stake voting rights to a staking pool. The pool then verifies transactions on the users' behalf and, similarly to mining pools, share some of the profits back with the stakers.
Litecoin is a first generation cryptocurrency which was originally forked from the Bitcoin source code. It substituted Bitcoin's SHA256 hashing algorithm for Scrypt as an attempt to make ASIC mining impossible.