ELI5 Multisignature Systems
What we call a Bitcoin is simply an unspent, signed transaction on the blockchain. (Technically called a UTXO, for Unspent Transaction (TX) Output.)
When you say you own such ...
7 Cryptocurrencies that rule the market
Cryptocurrencies seem to be the new big thing at the threshold of the Industrial revolution 4.0 and the digital transformation of the entire human world. Digital money has turned to be a worldwide phenomenon, and at the same time, it is still not deeply understood by the majority of people. While corporations and enthusiasts start […]
Understand asymmetric encryption – AKA public key cryptography
For thousands of years the art of encryption consisted in hiding one secret from the enemy. By gaining access to this secret the opponent could decode the message and, perhaps, future messages encoded using the same key. Many complicated secret encodings were created, like the Vigenère cipher where the secret alphabet would change among several […]
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 […]
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]
Concepts In This Page
A concept of value exchange that does not require physical tokens (coins or paper cash) to be used in order to trade. Cryptocurrencies are a type of digital money.
Public Key Encryption
Public Key Encryption is an encryption method by which the encoding and decoding keys are different. AKA asymmetric encryption. Examples include RSA and elliptic curve cryptography (the latter used in Bitcoin and most cryptocurrencies).