See Also
ELI5 What is Nakamoto consensus?
Cryptocurrencies are an application of the more general distributed computing field of research. While Bitcoin’s potential impact on financial markets sent it straight to the spotlight, the reality is that the technical concepts behind Bitcoin have long been the subject of intense research. Many peer-to-peer technologies came before Bitcoin and attempted to solve various different […]
Opinion: Decentralized blockchains can only survive having a valuable token, like Bitcoin, attached to them [Feb 2018]
We’ve heard this time and again, especially from folks in the financial sector: “blockchain is here to stay, Bitcoin not so much”. Is this really so? We disagree, and in this article we discuss the origins of Bitcoin and how the problem it solved only makes sense when there’s a reward for participants to join […]
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 […]
History and importance of Open Source Software in cryptocurrency development
Open Source Software (OSS) plays a critically important role in the development of cryptocurrencies, but it is almost always ignored or taken for granted by most crypto users. It’s as if the transparency and collaborative spirit that OSS provides had always been there, available to us whenever we needed it. But the truth is far […]