In the Basic Concepts category you will find introductory articles that range from the very basics (such as the ELI5 subsection) to medium difficulty subjects (e.g. beginning programming).
The concepts presented on this section are recommended for those beginning with cryptocurrency programming, investing, mining and other crypto related activities which involve some technical background.
ELI5 Provably Fair Games
What is a provably fair game?
The answer lies at the heart of a whole new industry which has been developed around the transparent, decentralized, nature of the blockchain.
ELI5 Bitcoin Puzzle Transactions
As the name implies, Bitcoin puzzle transactions are created as a challenge and not for the usual purpose of monetary transfer.
Puzzles can be published for several reasons, in...
Understand the Double Spending problem
As the name implies, the double spending problem consists in executing a transaction twice while subtracting once from your balance.
This, of course, can only happen by means ...
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 What’s a stablecoin?
Since the beginning of cryptocurrency history, most crypto assets have been known to experience enormous oscillations against the US Dollar (or some other legacy fiat currency).
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MECACoin: Decentralized and trusted online casino platform
2020 Update Both the MecaCoin project’s Telegram group and Twitter have vanished. We’ve moved this project to the Dead Coins section. Original Post There are many online casinos operating legally, but legality does not guarantee a regulation of fairness. In traditional (non-blockchain) online casinos, game systems and winning distributions lack transparency and there is no […]
ELI5: What is WINk? [Formerly TRONBet]
WINk is a decentralized gaming application hosted on the TRON blockchain. Formerly TRONBet Previously known as TRONBet, the platform is now live at WINk.org At the time of this writing, tronbet.io domain name was no longer responsive: Games WINk platform games include Dice, Poker, Casino (lots of games in this subsection), Sports and (soon to […]
Winning Bustabit strategy: ELI5 How to consistently win at Bustabit!
Bustabit is a betting game where you try to guess the largest possible magic number in each contest. Sounds kinda dull, but there’s a catch: this number is a Bitcoin multiplier! So, there’s actual money involved in bustabit. Lots of it. How does Bustabit work? If you guess a multiplier before the game crashes, you […]
RAWG: Video Game Discovery Service Powered By You
August 2020 Update The RAWG Telegram group seems to have been deleted. The most recent post on the RAWG subreddit is from over 1 year ago. The last official tweet was published in November 2019: We’ve therefore moved RAWG to the Dead Coins section. Original Post: RAWG is an online service with a database of […]
Concepts In This Page
First Generation Cryptocurrencies
The first generation cryptocurrencies was spawned by Bitcoin. Several Bitcoin forks exist on this generation. Most 1st generation coins simply copied the Bitcoin source code while modifying the encryption algorithms and total coin supply.
Second Generation Cryptocurrencies
The second generation of cryptocurrencies added on-chain smart contracts and fully featured contract programming languages. Ethereum, which is the most notable 2nd generation cryptocurrency, brought smart contracts and introduced tokens to the masses, spawning the wave of ICO's from 2014 onwards.
Third Generation Cryptocurrencies
Third Generation Cryptocurrencies are still being developed. These include everything from second gen cryptos, plus on-chain governance, delegated Proof of Stake consensus and native compliance features. Cardano is a notable example of 3rd gen cryptocurrency project.
Cryptography and cryptocurrency based gaming.
A Bitcoin Puzzle is a cryptographic puzzle which carries Bitcoin as a reward. Those able to break the cryptography obtain access to the private key needed to unlock the Bitcoin.
A cryptocurrency transaction designed to be broken. Usually a cryptographic puzzle having cryptocurrency as a reward, such as finding the private key to a UTXO loaded with Bitcoin.
Bitcoin Improvement Proposals entry #174 establishes the Partially Signed Bitcoin Transaction Format