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chainparams.cpp – Commented Bitcoin Source Code
In this article we’ll take a look at one of the better known Bitcoin Core source files. Why is chainparams.* known to so many crypto developers? Because since 2011 or so, basically every coin that appeared before Ethereum would edit this source file and its header to modify parameters and create a new cryptocurrency! After […]
Opinion: Bitcoin no longer a contrarian investment [February, 2018]
Early Bitcoin investors got used to the common sense that cryptocurrencies were an alternative to the mainstream financial system. True that Satoshi’s original vision, where each user could mine a bit of BTC per day as a reward for keeping their full node running, may have seemed like a revolutionary alternative to the mainstream financial […]
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 […]
ELI5 PSBT – Partially Signed Bitcoin Transactions
Trustless operation is one of the key concepts behind cryptocurrencies. The idea is that you should not have to personally meet, or trust your peers, in order to perform successful transactions. Experienced crypto users may take this concept for granted, but come to think of it – every real world transaction before cryptocurrencies came about […]
Concepts In This Page
SHA256 is an encryption routine which produces a unique and irreversible digest for a given message.
Bitcoin is the world's first viable decentralized cryptocurrency. It was released on January 2009 by Satoshi Nakamoto.
Hal Finney was a cryptographer who pioneered the development of Bitcoin. Finney received the first ever Bitcoin transfer.
Scrypt is a cryptographic key derivation function (KDF). In the context of cryptocurrencies, scrypt sometimes substitutes SHA256 as the hashing algorithm, most notably on Dogecoin and Litecoin