Crypto.BI

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!
What is “formal verification” of cryptocurrency software? by @Cryptobill
You may have heard that Cardano ADA is aiming for formal verification of its core software. What does it mean for software programs to be formally verified? Why is it important ...
What is network difficulty? by @Cryptobill
It is intuitive to most cryptocurrency miners that when more people join the mining operation, less reward is paid to each participating miner. It seems logical that it should w...
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 are CryptoDepository Receipts? by @Cryptobill
A CryptoDepository Receipt is a smart contract that is meant to represent something. It is a cryptographic note that can represent anything, any asset, any rights, currency or anyt...
Understand the Basics of Trading Cryptocurrencies by @Cryptobill
Cryptocurrencies can be traded in many different ways which, in the end, aren't very different from the stock, option and derivative markets. The same models used in centralized st...
Understand how decentralized cryptocurrency exchanges work by @Cryptobill
Decentralized cryptocurrency exchanges are true P2P systems where investors can trade cryptos directly with their counterparts, without a centralized middleman. To better unders...
Understand how cryptocurrency price is determined by @Cryptobill
The US Dollar price we see listed for major cryptocurrencies is an average that takes all the major crypto exchanges into consideration. For example, on Coinmarketcap, there is a s...
How do cryptocurrency debit cards work? by @Cryptobill
Cryptocurrency debit cards aren't really related to cryptos per se. They're not decentralized and they are mostly based on legacy technology. The only difference being that they're...
Why use Bitcoin? by @Cryptobill
Bitcoin is a revolutionary form of digital cash that has provided the world with a new vision about money and the decentralization of power. The feeling of being one's own bank, of...
How can I buy Bitcoin? by @Cryptobill
There are many options when it comes to buying Bitcoin. You can buy it directly from friends, on what's generally known as over the counter (OTC) trade. Or you can buy BTC from exc...