Crypto.BI Cryptocurrency Knowledge Base

Our latest featured cryptocurrency knowledge base articles including basic concepts, software development, technical articles, easy to follow ELI5 introductions to technical concepts and much more!
ELI5 What is a Merkle Root? by @Cryptobill
If you've been around cryptocurrencies for a while then you've probably heard the term Merkle root thrown around in technical discussions.  Welcome to our ELI5 article on merkle r...
ELI5: What is a full node? by @Cryptobill
A full node is a network connected computer that runs the official cryptocurrency client and has a complete and synchronized copy of the blockchain. When Bitcoin first appeared,...
What is a Cryptocurrency Tumbler or Mixer? Is it legal? by @Cryptobill
A cryptocurrency tumbler is a system which mixes transactions in order to make it difficult to trace the origin of the funds. Although in fiat money markets this would be seen a...
What is a Directed Acyclic Graph (DAG)? Why should I know about this? by @Cryptobill
A Directed Acyclic Graph, or DAG, is a graph where no "loops" exist and where you can only flow one way throughbnlout its paths. Essentially a DAG represents a process where each s...
What is actually a cryptocurrency fork? by @Cryptobill
Unless you've been living in a cave for the past 9 years, then you've probably heard about cryptocurrency forks. Bitcoin Cash was probably the most hyped, feared, loved, talked ...
What is a Metaverse? by @Cryptobill
A Metaverse is a conceptual virtual world that incorporates ideas from the Internet, augmented reality, virtual reality, artificial intelligence and other state of the art technolo...
What is a Mining Pool? Do I need to join one? by @Cryptobill
As the name suggests, a mining pool is a group of miners working together to solve blocks and split the block rewards. Mining pools have become popular since GPU and ASICs started ...
What is a nonce? Why are nonces important in mining? by @Cryptobill
A nonce is a number that is only used once. Hence its name is a portmanteau of number-used-once. Why is this kind of concept useful in cryptocurrencies' mining? Because nonces allo...
What is a BIP? by @Cryptobill
As SegWit gains adoption, you may have heard the term "BIP 141" in online discussions. What does BIP mean? And what is that number next to it? Bitcoin is a community-run technol...
What is a Dapp (Decentralized Application)? by @Cryptobill
Dapp is a portmanteau of Decentralized Application and refers to computer programs that run on the blockchain and which have self-enforcing business logic implemented via smart con...