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Gal Crypto

Geek crypto Gal stacking sats to get more tats! Information security enthusast, cryptocurrency early adopter and passionate about decentralized finance + fintechs. Front-end developer (Angular, PHP, React) and weekend skater. Gal Crypto has published a total of 84 Posts

Latest Updates by Gal Crypto

ELI5 What does an Ethereum Miner do, exactly?
Ethereum currently uses a Proof of Work consensus mechanism. Which means it requires 24x7 mining in order to keep the network running. So, if you're new to cryptocurrencies, yo...
ELI5 Self-Amendment : How can Tezos upgrade itself?
In a recent post, we discussed Tezos' abstract blockchains. In short, by making system components loosely coupled, you can make changes to one part of the system without breaki...
ELI5 What are Tezos abstract blockchains?
"All problems in computer science can be solved by another level of indirection." - David Wheeler Computer science professor David Wheeler once famously stated that every probl...
ELI5 What’s the minimum amount of XTZ required to stake Tezos?
Is there a minimum amount of XTZ required to begin staking? A lot of new Tezos users ask this question because there certainly is a minimum amount of XTZ required to bake Tezos...
ELI5 How does Tezos protect itself against common attacks?
Unlike other Proof of Stake cryptocurrencies, Tezos does not have the concept of preferred block validators, as this would imply trust. Tezos is 100% trustless platform, wher...
ELI5 Why can’t I delegate Tezos to multiple bakers?
Most Tezos wallets operate on a single account at a time. Which means everything you do in an instance of a personal wallet, like Galleon, is done under one account. To work on...
ELI5: CoinMarketCap
CoinMarketCap, often abbreviated CMC, is the name of a pioneering data provider which became the de-facto market cap and coin price reference for cryptocurrency traders. Over T...
ELI5 Tezos On-Chain Governance
Tezos is a third generation cryptocurrency which offers all the benefits of first and second generation cryptocurrencies, plus Proof of Stake minting and on-chain governance. I...
ELI5 How does Tezos avoid baking centralization?
One of Tezos' most exciting features is the way it protects itself against attacks. There are no trusted hosts or manually designated network watchmen. It is a fully decentrali...
Who is Jack Liao?
Jack Liao is a Shenzhen-based, Chinese software engineer who is better known as the creator of Bitcoin Gold. Mr. Jack Liao forked Bitcoin Core at block 491,407 and launched Bit...