See Also
ELI5 The Ethereum #SupplyGate controversy
In early August 2020, Michael Goldstein, Pierre Rochard and others asked what seemed to be a trivial question. What’s Ethereum’s total monetary supply? Can they articulate how to easily and independently verify the monetary supply of ETH? — Michael Goldstein (@bitstein) August 6, 2020 What they found next was both surprising and absolutely intriguing. Turns […]
ELI5 Who is Nick Szabo?
Nick Szabo is an American cryptography specialist, known for pioneering work in digital currencies. Considered by many to be the father of smart contracts, a concept he developed in the 1990’s. A few years later, Szabo implemented Bit Gold – a digital currency which laid the framework for several ideas behind modern cryptocurrencies. In a […]
ELI5 What is ProgPoW?
In May 2018, cryptocurrency researchers IfDefElse and Greg Colvin submitted EIP 1057, proposing a change to Ethereum’s mining algorithm. The central idea in EIP 1057, widely known as ProgPoW, is to design a mining algorithm that makes the most of available GPU hardware. By doing this, the authors argued that ASICs would then need to […]
ELI5 How do Tezos Smart Contracts work?
Tezos smart contracts are natively written in Michelson – a purely functional, statically typed programming language. Note: See our cryptocurrency programming languages article, specifically the Haskell section, for reasons why purely functional statically typed languages are highly desirable for crypto development. Since Michelson isn’t very user-friendly, Tezos allows you to write smart contracts in various […]