See Also
We think Elon Musk IS the real Satoshi. For real. [Nov 2017 Humor]
We know what you’re thinking: this post can’t be serious. But it is. Like, dead serious. After dismissing the theory that Elon Musk is Satoshi Nakamoto as a joke for a long time, we went and had a closer look at the arguments behind this rumor and, as this piece from Entrepeneur put it, the […]
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 […]
Bitcoin: The mother of all cryptocurrencies
On January 12 2009, an individual, or group, using the pseudonym Satoshi Nakamoto, announced that the first Bitcoin transaction had taken place. Ten Bitcoins had been magically transferred between Satoshi and cryptography legend Hal Finney. It was the beginning of a revolution which, to this day, promises to change how humankind deals with money, finance […]
ELI5 Provably Fair Games
What is a provably fair game? The answer lies at the heart of a whole new industry which has been developed around the transparent, decentralized, nature of the blockchain. The open and decentralized consensus mechanism existent in Ethereum, Bitcoin and most major cryptocurrencies, makes it possible for anyone to verify transactions using open source software […]