Should I worry about the Bitcoin halving?
As you probably know, when mining Bitcoin, every block contains a reward reserved for whoever solves it.
The very first blocks, mined by Satoshi Nakamoto himself, paid a 50 BTC...
Estimating Cardano ADA Staking Rewards
July 2020 Update
Cardano has finally released the Shelley mainnet. From this point forward, staking rewards will no longer be estimated. Once epoch 210 is concluded, we'll have...
ELI5: What is BetterHash?
BetterHash is a cryptocurrency mining method developed by Bitcoin Core developer Matt Corallo.
The main idea behind BetterHash is to improve decentralization of Bitcoin mining ...
ELI5 What is geomining? [Cryptocurrencies]
Geomining is a cryptocurrency consensus mechanism where the participants' geographic locations are used as a proof of value. Geominers are rewarded for being at a specific place, ...
What is network difficulty?
It is intuitive to most cryptocurrency miners that when more people join the mining operation, less reward is paid to each participating miner.
It seems logical that it should ...
Proof of Trust (PoT) Summary [Cryptocurrency consensus mechanisms]
In a Proof of Trust system, users in a network gain trust as they participate in special activities within the network. If a user tries to defraud the system, the trust is lost and they lose an equivalent amount in value (the cryptocurrency or token employed). In a Proof of Trust system, “trust” is staked […]
Proof of Activity (PoA) Summary [Cryptocurrency consensus mechanisms]
Proof of Activity (PoA) is a cryptocurrency consensus mechanism which combines Proof of Work (PoW) and Proof of State (PoW) into a hybrid mining system. In a PoA system, validators begin by applying a Proof of Work stage to block headers until they find a desirable hash. The block headers are then passed onto a […]
Proof of Authority (PoA) Summary [Cryptocurrency consensus mechanisms]
Proof of Authority is a consensus mechanism where members of a cryptocurrency network are identified and receive delegated powers to solve blocks. If they defraud the system their identity is at stake and they will either be prosecuted or booted from the network. This is a centralized system where a higher authority delegates mining powers […]
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 […]
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.
The Howey Test
Since 1934, the Howey Test is used to determine whether a transaction is an investment contract under US legislation. There is controversy as to whether a test designed mostly for agricultural produce can be applied to disruptive technologies such as cryptocurrencies.
The halvening is the same as halving (halves the rewards paid out to miners).
Halving (and halvening) is an automated procedure which halves the rewards paid out to miners who solve blocks. On Bitcoin this happens roughly every 4 years.