Blockchain: the fundamental, immutable data structure behind Bitcoin and all cryptocurrencies.
It’s one of the most critical cryptocurrency building blocks, which forms the ledger and bookkeeping system that allowed Bitcoin to be decentralized.
Here, we discuss blockchain-related topics, including introductory materials and various applications of blockchain (including non-cryptocurrencies).
ELI5: Blockchain explained in simple terms
A blockchain is a database formed by a sequence of entries called (you guessed it) blocks.
Blockchains have a special characteristic by which any attempt to modify one of its ...
Can Bitcoin SV scale?
Bitcoin SV has made the transition to (for all practical purposes) unlimited block size.
You can now store any amount of data on the BSV blockchain, which raises serious questi...
Middlemen have become expendable
There’s a widely known trend that the number of people is ‘portfolio workers’ who freelance, work part-time or take unguaranteed shift work rises pretty fast. It creates a l...
What are CryptoDepository Receipts?
A CryptoDepository Receipt is a smart contract that is meant to represent something. It is a cryptographic note that can represent anything, any asset, any rights, currency or any...
What is actually a cryptocurrency fork?
Unless you've been living in a cave for the past 9 years, then you've probably heard about cryptocurrency forks.
Bitcoin Cash was probably the most hyped, feared, loved, talked...
Is blockchain just a glorified database?
The blockchain is a special kind of database that has the property of being immutable and tamper proof. This makes it suitable for high security applications such as banking, logi...
ELI5 Cryptocurrency Sharding
If you come from the world of IT, then you've probably heard of database or disk data sharding.
For those who don't come from IT, a real simple way to put it is that sharding m...
Understand the basics of smart contracts
What’s a smart contract? What makes it smart? How can I deploy my own contracts on the Ethereum blockchain? In this article we explore these questions and give you an overview about smart contracts and their revolutionary contribution to the world of cryptocurrencies. In the beginning there was Bitcoin. It’s a protocol that allows you […]
Bitcoin Blockchain to Database Sync Process (blocks_updater) [cypto.bi Toolbox]
After performing the initial database insert using toolbox/db/blocks_inserter, new blocks will be received from the network. To keep the database in sync after the initial bulk insertion, toolbox/db/blocks_updater should be kept running on its own terminal. Difference From blocks_inserter Although similar in structure, blocks_updater works differently from blocks_inserter (go here for details on blocks_inserter). For […]
ELI5 Bitcoin to USD conversion
Bitcoin itself does not offer a US Dollar for Bitcoin exchange system. If you’ve just arrived in the world of cryptocurrencies, this may cause some confusion. Bitcoin is a completely virtual crypto asset that exists within its own blockchain. The only way to convert Bitcoin to US Dollars, and from USD back to Bitcoin, is […]
Cryptocurrencies and digital governance: Blockchains for transparency
Governance involves higher level management at a strategic level. The main purpose for the adoption of proper governance frameworks and processes is to maximize value for stakeholders by avoiding legal and compliance setbacks. At the same time, governance also concerns itself with internal monitoring, evaluation and direction of priorities by an enterprise. By complying with […]
Concepts In This Page
One logical entry in a blockchain. Usually composed of a header, which points to the previous block, and a sequence of transactions.
The amount of data a single block is allowed to hold. The block size limits how many transactions can fit in a single block.
The fundamental data structure which powers distributed ledger technology (DLT). Bitcoin implemented the first successful cryptocurrency using a blockchain for its ledger storage system.
The Genesis Block is the first block in a blockchain. It is the only block whose pointer to the previous block is NULL (points at nothing). Every other block must point to a valid previous block.
Bitcoin SV stands for Bitcoin Satoshi Vision, a Bitcoin fork led by Calvyn Ayre and Craig Wright. SV offers unlimited block size.