ELI5 What’s a cryptocurrency whitepaper?
The term whitepaper originated in Great Britain, due to the color of government-issued documents in the early 1900's.
The famous Churchill white paper of 1922 (featured above)...
ELI5: What is WINk? [Formerly TRONBet]
WINk is a decentralized gaming application hosted on the TRON blockchain.
Previously known as TRONBet, the platform is now live at WINk.org
At the time o...
ELI5 What’s a stablecoin?
Since the beginning of cryptocurrency history, most crypto assets have been known to experience enormous oscillations against the US Dollar (or some other legacy fiat currency).
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 […]
Betform: Smart Contract Powered Social Betting Platform
Update This project seems to have been abandoned. The most recent tweet was published in 2019 and the project’s Telegram group has vanished. We’ve moved this project to the Dead Coins section. Original Text When the founders of Betform got together to start the company, it was their vision to have assets on the blockchain […]
Winning Bustabit strategy: ELI5 How to consistently win at Bustabit!
Bustabit is a betting game where you try to guess the largest possible magic number in each contest. Sounds kinda dull, but there’s a catch: this number is a Bitcoin multiplier! So, there’s actual money involved in bustabit. Lots of it. If you guess a multiplier before the game crashes, you earn that much more […]
Introducing Crypto Poker Club: Blockchain powered poker platform
Update As of August 2020, we were unable to find websites or social media presence for this project. The website is down: Twitter, Facebook and Instagram accounts have been deleted: We’ve moved this project to the Dead Coins section. Original Post The platform will be launched on April 20th 2018 and will support both Bitcoin […]
Concepts In This Page
Whitepaper is the name given to published research reports.
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.
A marketing tactic where cryptocurrency is given away in order to build a community around the new coin.
An infamous scam method which targets cryptocurrency newbies. It promises to give away a multiple of whatever cryptocurrency you send them. Users send coins but never receive anything back.
In the early days of cryptocurrencies there were several legit coin giveaways. In recent times, most giveaways are scams.