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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Bitcoin: The mother of all cryptocurrencies
On January 12 2009, an individual or group using the pseudonym Satoshi Nakamoto, announced that the first Bitcoin transaction had taken place. Ten Bitcoins had been magically transferred between Satoshi and cryptography legend Hal Finney. It was the beginning of a revolution which, to this day, promises to change how humankind deals with money, finance […]
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 […]
bitcoind.cpp – Commented Bitcoin source code
As mentioned in the Bitcoin-Qt commented source code post, there are several approaches one can take to step into the Bitcoin source in approximately the same order as it runs. For instance, tests are a great source of tiny example programs. Then there’s the ubiquitous Bitcoin-Qt client and, of course, bitcoind. All are good options […]
ELI5: What is WINk? [Formerly TRONBet]
WINk is a decentralized gaming application hosted on the TRON blockchain. Formerly TRONBet Previously known as TRONBet, the platform is now live at WINk.org At the time of this writing, tronbet.io domain name was no longer responsive: Games WINk platform games include Dice, Poker, Casino (lots of games in this subsection), Sports and (soon to […]
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.