Retail is key to promoting the widespread adoption of cryptocurrencies. Merchants from around the world are looking into crypto to broaden their customer base and avoid heavy payment processing fees from traditional banks.
Here we discuss projects, ideas and concepts which leverage cryptocurrencies in retail commerce.
ELI5 What is OpenBazaar?
OpenBazaar is a P2P application that allows people to sell their artworks, creations and anything else via a 100% decentralized marketplace.
There is no middleman and no fees t...
Gese: Watch What You Drink
The current Gese website seems to be unrelated to the project described in this announcement.
The original Gese Twitter account is also no longer active:
Cravy CRV Token: Uber for Food
This project has been abandoned.
The project's domain name has been placed for sale:
The most recent social media post was published over 2 years ago.
TANZŌ: Blockchain Social Marketplace
This project hasn't been updated in 2+ years.
Its subreddit is abandoned and the website is also unavailable.
For these reasons, we've moved this project to the De...
Proof of Burn (PoB) Summary [Cryptocurrency consensus mechanisms]
In the Proof of Burn (PoB) consensus mechanism, miners earn the right to mint the next block by burning some value in the blockchain. All proof systems are based on the principle that minting a block must incurr in some cost, otherwise fraudsters could inject invalid transactions into the blockchain. Bitcoin achieves this by making […]
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 […]
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 […]
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 […]
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.