See Also
ELI5 Proof of Stake (PoS) – How does PoS work?
In the cryptocurrency universe, Proof of Stake (PoS) is one of the most popular alternatives to the Proof of Work (PoW) family of consensus mechanisms. While PoW systems invest large amounts of energy to make sure transactions are legit, PoS does not require mining hardware. Proof of Stake “miners” (stakers) must lock a financial stake […]
ELI5 Don’t ever mix paper and electronic wallets!
Whatever cryptocurrency you might use, don’t ever mix paper and electronic wallets! In this article we give a ELI5 overview of paper wallets and what you need to know to keep your crypto safe from theft or accidental loss. Paper Wallets First, let’s take a quick look at how paper wallets work. Cryptocurrencies use what […]
What is a “paper wallet”? Doesn’t sound very high tech!
Writing secrets on paper doesn’t sound very high tech but, as it turns out, it’s one of the most secure Bitcoin storage methods available! Why? Because printed paper is actually very durable. Documents printed on paper hundreds of years ago can be found in perfect reading condition to this day. Since ancient China, paper has […]
Who is Erik Voorhees? What is Erik Voorhees’ net worth?
Erik Voorhees (born 1985) is the founder and CEO of ShapeShift.io – an innovative and pioneering cryptocurrency exchange which allowed anonymous users to instantly exchange several pairs of cryptocurrencies. ShapeShift.io On ShapeShift’s original interface, users would automatically receive unique single-use deposit addresses. Cryptocurrency sent to that unique address would be automatically converted to another chosen […]