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The original Gese Twitter account is also no longer active: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 Space (PoSpace) Summary [Cryptocurrency consensus mechanisms]
Proof of Space uses hard disk space as the value used to guarantee a participant’s stake in mining. By allocating disk space, the network participant provides value to the network, which uses this space to solve computational problems. Given low network bandwidth for a lot of regions, making it difficult to transfer large amounts of […]
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 […]
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 Capacity (PoC) Summary [Cryptocurrency consensus mechanisms]
Proof of Capacity (PoC) consensus algorithms require network participants to prove they have performed a certain amount of storage operations in order to mine a valid block. Where Proof of Work consensus requires users to prove they have performed computations in time (to guarantee a 10 minute space between Bitcoin blocks, for example), Proof of […]
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.