See Also

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 […] 2013 Bitcoin and Altcoin Hacks [Part 5]
This article is part of our complete guide to Bitcoin and altcoin hacks. Here we cover Bitcoin and altcoin security incidents from the year 2013. Dogewallet Such hack. Many coin. Very disappear. Christmas of 2013 wasn’t a good time for Dogecoin investors. The recently created half-joke-half-serious cryptocurrency had just suffered its first major heist. Although […] ELI5 Cryptocurrency airdrops and giveaways : Why do cryptos get distributed for free?
There’s no such a thing as free lunch. The famous quote, which probably originated at a saloon in the middle of nowhere, raises a valid question about cryptocurrency airdrops and giveaways. You log into Twitter and, if you follow some of the most popular accounts, then you’ve probably seen something like this: $30 #Bitcoin giveaway […] 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 […]