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Basic Concepts Category - Page 4

What is “formal verification” of cryptocurrency software?
You may have heard that Cardano ADA is aiming for formal verification of its core software. What does it mean for software programs to be formally verified? Why is it important...
What is a Dapp (Decentralized Application)?
Dapp is a portmanteau of Decentralized Application and refers to computer programs which run on the blockchain and which have self-enforcing business logic implemented via smart c...
Understand asymmetric encryption – AKA public key cryptography
For thousands of years the art of encryption consisted in hiding one secret from the enemy. By gaining access to this secret the opponent could decode the message and, perhaps, fu...
Proof of Work Summary [Cryptocurrency consensus mechanisms]
PoW uses a brute force approach where miners compete to find block hashes beginning with a certain number of zeroes. The more zeroes, the more difficult it is to find such hash...
Proof of Stake Velocity (PoSV) Summary [Cryptocurrency consensus mechanisms]
As the name implies, Proof of Stake Velocity is a variation on traditional PoS. It was developed for the Reddcoin project, which abandoned Proof of Work in favor of the more en...
ELI5 What is the best cryptocurrency?
I've seen this asked a lot, so I thought I'd post about it. What's the best crypto? My impulse here is to simply reply "well, duh, there's no such thing as a best cryptocurr...
ELI5 Brave Rewards Program
Brave Rewards offers two programs : one for publishers and another one which shares the publisher ad revenue with end users. Reading the official Brave Telegram group, I notice...
ELI5 Coin Dance
Coin Dance is a Bitcoin statistics website which presents lots of interesting data about Bitcoin, Bitcoin Cash and Bitcoin SV. The main interface presents side-by-side comparis...
ELI5 What are Masternodes?
Masternodes are the latest cryptocurrency hot topic. Investors looking to make passive income in cryptocurrency have been taking a second look at several Proof of Stake technologi...
Is Bitcoin a Ponzi scheme?
tl;dr; No. Here's the longer version A system where the early birds made billions of U$ and the newer investors who entered in late 2017 are losing money, a system where...