Cryptocurrencies sparked a wave of innovation that forever changed how we do business.
Not only were thousands of projects crowdfunded using ICO’s, countless business niches adopted crypto in very creative ways.
Here we cover interesting business ideas, B2B, B2C and others that stemmed from advances in cryptocurrency.
ELI5 How iPayYou.io works
iPayYou.io is an Amazon.com gift-card-for-cryptocurrency trading service.
Currently, iPayYou will buy your gift cards at a fixed rate and pay back in cryptocurrency.
Gese: Watch What You Drink
The current Gese website seems to be unrelated to the project described in this announcement.
The original Gese Twitter account is also no longer active:
Greeneum: Go Green. Get GREEN.
This project's Twitter account has been locked.
Its subreddit also seems to have been abandoned, with several unrelated posts at the top. Latest related post was post...
Proof of Activity (PoA) Summary [Cryptocurrency consensus mechanisms]
Proof of Activity (PoA) is a cryptocurrency consensus mechanism which combines Proof of Work (PoW) and Proof of State (PoW) into a hybrid mining system. In a PoA system, validators begin by applying a Proof of Work stage to block headers until they find a desirable hash. The block headers are then passed onto a […]
Proof of Location (PoL) Summary [Cryptocurrency consensus mechanisms]
In a Proof of Location consensus algorithm, users’ geospatial coordinates are accounted for as proof of value. This kind of algorithm is usually employed in cryptocurrency geomining systems. In a geomining application, users earn rewards for being at a certain place at a certain time. If, for example, a company wished to gather participants for […]
Proof of Trust (PoT) Summary [Cryptocurrency consensus mechanisms]
In a Proof of Trust system, users in a network gain trust as they participate in special activities within the network. If a user tries to defraud the system, the trust is lost and they lose an equivalent amount in value (the cryptocurrency or token employed). In a Proof of Trust system, “trust” is staked […]
Proof of Burn (PoB) Summary [Cryptocurrency consensus mechanisms]
In the Proof of Burn (PoB) consensus mechanism, miners earn the right to mint the next block by burning some value in the blockchain. All proof systems are based on the principle that minting a block must incurr in some cost, otherwise fraudsters could inject invalid transactions into the blockchain. Bitcoin achieves this by making […]
Concepts In This Page
Online retailer. Amazon gift cards are often traded for cryptocurrency.
Amazon Gift Cards
Gift Cards from online retailer Amazon are frequently traded against various cryptos.
IPayYou.io is a cryptocurrency for gift card exchange service.
A process or system by which multiple parties are able to reach consensus. In the context of cryptocurrencies, it's the process which allows for everyone to agree on everyone else's money balance. E.g. Bitcoin employs Nakamoto consensus via PoW mining.