See Also
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 […]
ELI5: How can I buy Bitcoin?
There are many options when it comes to buying Bitcoin. You can buy it directly from friends, on what’s generally known as over the counter (OTC) trade. Or you can buy BTC from exchanges. Coinbase For US customers, the most popular option seems to be Coinbase. This is America’s largest Bitcon broker and perhaps the […]
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 […]
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 […]