ELI5 How to mine Litecoin
Litecoin has consistently been one of the most popular cryptocurrencies since its inception in 2011.
It was initially forked from the main Bitcoin source code by a developer ca...
ELI5 Dollar Reboot Composite
Market analyst Jim Rickards edits the Strategic Intelligence newsletter and, in 2017, he made several predictions about the financial markets in the coming years, specifically men...
ELI5 Coinmixer : What is a coin mixer?
A coin mixer, most popularly known as Bitcoin mixer, is a service which scrambles your cryptocurrency transactions so that the funds' origin becomes hard to trace. (Some also call...
ELI5 Provably Fair Games
What is a provably fair game?
The answer lies at the heart of a whole new industry which has been developed around the transparent, decentralized, nature of the blockchain.
ELI5 Bitcoin Puzzle Transactions
As the name implies, Bitcoin puzzle transactions are created as a challenge and not for the usual purpose of monetary transfer.
Puzzles can be published for several reasons, in...
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The 34 most profitable Proof of Stake (PoS) coins for 2021
In this article we take a look at several Proof of Stake (PoS) coins for investors building passive income streams. With the DeFi craze causing extremely high Ethereum fees, more and more investors look to PoS instead. Before You StartIf you’re not familiar with Proof of Work, Proof of Stake and cryptocurrency mining/staking, then please […]
Opinion: Bitcoin no longer a contrarian investment [February, 2018]
Early Bitcoin investors got used to the common sense that cryptocurrencies were an alternative to the mainstream financial system. True that Satoshi’s original vision, where each user could mine a bit of BTC per day as a reward for keeping their full node running, may have seemed like a revolutionary alternative to the mainstream financial […]
MECACoin: Decentralized and trusted online casino platform
2020 Update Both the MecaCoin project’s Telegram group and Twitter have vanished. We’ve moved this project to the Dead Coins section. Original Post There are many online casinos operating legally, but legality does not guarantee a regulation of fairness. In traditional (non-blockchain) online casinos, game systems and winning distributions lack transparency and there is no […]
Introduction to our commented Bitcoin source code section
Below you’ll find the main commented Bitcoin source code sections (sorted by section name and filename). Core amount.h – Defines the CAmount typedef, implements minimum and maximum valid amount range check. base58.cpp – The encoding function used for Bitcoin addresses. Base58 removes some potentially ambiguous characters from Base64 so Bitcoin addresses can be written down […]
Concepts In This Page
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.
Proof of Stake
Proof of Stake is a consensus mechanism in which block verifiers prove their commitment to the network by staking their coins instead of by proving they performed some work (contrast with Proof of Work).
Staking is the process by which users delegate their Proof of Stake voting rights to a staking pool. The pool then verifies transactions on the users' behalf and, similarly to mining pools, share some of the profits back with the stakers.
Litecoin is a first generation cryptocurrency which was originally forked from the Bitcoin source code. It substituted Bitcoin's SHA256 hashing algorithm for Scrypt as an attempt to make ASIC mining impossible.
A PoW based mining method by which Litecoin transactions are verified and blocks get produced.
Cryptography and cryptocurrency based gaming.