See Also
Proof of Elapsed Time (POET) Summary [Cryptocurrency consensus mechanisms]
In this poetically named consensus mechanism, network participants prove that they have slept for a random amount of time before being able to mint a block. POET was released by Intel in 2016 and was originally aimed at trusted computing using Intel CPU’s. A special instruction set called Software Guard Extensions (SGX) allows programs to […]
Proof of Location (PoL) Summary [Cryptocurrency consensus mechanisms]
In a Proof of Location consensus algorithm, users’ geospatial coordinates are accounted for as proof of value. This kind of algorithm is usually employed in cryptocurrency geomining systems. In a geomining application, users earn rewards for being at a certain place at a certain time. If, for example, a company wished to gather participants for […]
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 […]
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 […]