See Also
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 […]
ELI5 Cardano Staking & Basic FAQ
In this article we look at the very basics of Cardano staking. If you’ve got any experience whatsoever with other Proof of Stake coins, then you probably don’t need to read this intro. Although cryptocurrency staking is a complex process, readers need zero previous knowledge in order to understand this text. Cryptocurrencies work in a […]
ELI5 What’s the minimum amount of XTZ required to stake Tezos?
Is there a minimum amount of XTZ required to begin staking? A lot of new Tezos users ask this question because there certainly is a minimum amount of XTZ required to bake Tezos. tl;dr; No, there is no minimum amount of XTZ required to bake Tezos. To be precise, there is a minimum but it’s […]
ELI5 Semi-formal Cryptocurrency Development
We’ve previously discussed formal software verification as related to crypto programming. Today we’d like to discuss an intermediary concept called semi-formal cryptocurrency development. Brief Review of Formal Verification In formal verification, every single possible logical state of a computer program must be mathematically proven. This kind of proof can consume tens, even hundreds, of pages […]