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 273 Posts
ELI5: Cryptocurrency Micro Mining
Micro mining is a cryptocurrency mining modality where large quantities of small, and low computing power, devices perform the mining work.
The idea stemmed from concepts relat...
How to buy Bitcoin near me?
If you feel insecure about purchasing Bitcoin through virtual channels, a personal contact can go a long way in helping you break through the toughest barrier for new crypto inves...
ELI5: How can I buy Bitcoin?
There are many options when it comes to buying Bitcoin. You can buy it directly from friends, on what's generally known as over the counter (OTC) trade. Or you can buy BTC from ex...
Who is “Team Rocket”, the creators of the Avalanche protocol?
The Avalanche protocol family creators’ true identity is, perhaps, cryptocurrency’s most poorly kept secret. Or is it? Why would such a great idea’s true creators want to keep their names private? Which brings us to an earlier question. Why did Satoshi Nakamoto want to keep his own identity private? Wouldn’t Satoshi be held at the […]
ELI5: Why can’t Bitcoin miners use regular computers?
This is a frequently asked, but still very relevant, question in the world of cryptocurrencies. There seems to be a permanent, and very heated, debate involving the future of Bitcoin and one way or another, the discussion always turns to “Satoshi’s original vision”. What was his original vision? Is it the Bitcoin we use today? […]
DON’T use Paypal for cryptocurrency purchases [Early 2020 article]
November 2020 Update In late October 2020, Paypal updated their policy to allow cryptocurrency purchases. The payments processor also updated their Terms and Conditions to explicitly accommodate cryptocurrency trading. As such, most of our original advice no longer applies. We’ve decided to leave the original text untouched for historical purposes, since, for the past 11+ […]
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 […]
Concepts In This Page
SHA256 is an encryption routine which produces a unique and irreversible digest for a given message.
Bitcoin is the world's first viable decentralized cryptocurrency. It was released on January 2009 by Satoshi Nakamoto.
Hal Finney was a cryptographer who pioneered the development of Bitcoin. Finney received the first ever Bitcoin transfer.
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.
Block Sync is the procedure by which a cryptocurrency node retrieves validated block data from P2P peers on the network. A full node may only verify the most recent transactions once it finishes the block sync to the latest block.
Ticker symbol for the Ethereum cryptocurrency.