Category: Basic Concepts

What is cryptocurrency geomining?
Geomining is a cryptocurrency consensus mechanism where the participants' geographic locations are used as proof of value. Though the concept may seem vague at first, it is actu...

ELI5 Cryptocurrency
If you're just getting started in the world of cryptocurrencies then the amount of information may seem overwhelming. Blockchains, forks, stablecoins, mining, staking, complex e...

ELI5 Bitcoin to USD conversion
Bitcoin itself does not offer a US Dollar for Bitcoin exchange system. If you've just arrived in the world of cryptocurrencies, this may cause some confusion. Bitcoin is a co...

ELI5 What’s a stablecoin?
Since the beginning of cryptocurrency history, most crypto assets have been known to experience enormous oscillations against the US Dollar (or some other legacy currency). This...

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 de...

ELI5 Atomic Swaps
Atomic swaps provide a way for two cryptocurrencies to be exchanged using one blockchain and without a trusted 3rd party involved. In computer lingo, "atomic" means something th...

ELI5 Cryptocurrency Sharding
If you come from the world of IT, then you've probably heard of database or disk data sharding. For those who don't come from IT, a real simple way to put it is that sharding me...

ELI5 Zero Knowledge (ZKP) cryptocurrency proofs?
In cryptographic theory, a zero knowledge proof is a method by which you can convince someone, who does not necessarily trust you, that you possess a piece of knowledge (proof) wit...

What is a Cryptocurrency Tumbler or Mixer? Is it legal?
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?
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...