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 PSBT – Partially Signed Bitcoin Transactions by @Cryptobill
One of the key concepts behind cryptocurrencies is that you should not be obligated to know or trust your peers. Therefore every development in Bitcoin Core must have a decentraliz...
ELI5 How iPayYou.io works by Gal Crypto
iPayYou.io is an Amazon.com gift-card-for-cryptocurrency trading service. Currently they buy your gift cards at a fixed rate and pay you back in crypto. Currently accepted coins...
ELI5 What is OpenBazaar? by Gal Crypto
OpenBazaar is a P2P application that allows people to sell their artworks, creations and anything else via a 100% decentralized marketplace. There is no middleman and no fees to...
 
ELI5 What is Bitmessage? by @Cryptobill
Bitmessage is a messaging protocol designed by Jonathan Warren in 2012. The purpose of Bitmessage is to allow parties to communicate with each other in a secure and 100% decentr...
ELI5: Paradigm and Deribit OTC trading by @Cryptobill
Paradigm is a new chat platform that aims to take over from Telegram as the de-facto cryptocurrency chat/trading platform. Telegram's success in the crypto community was organic...
ELI5: What is BetterHash? by @Cryptobill
BetterHash is a mining method developed by Bitcoin Core developer Matt Corallo. The main idea behind BetterHash is to improve decentralization of Bitcoin mining efforts. The ...
 
ELI5 USI Tech / Eyeline Trading / Wealth Boss. Scam? Ponzi? What’s the deal? by @Cryptobill
USI Tech was a MENA region (UAE-based) cryptocurrency exchange which has been accused of operating a ponzi scheme. As of this writing, USI Tech's website is unreachable. There i...
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,...
ELI5: Cryptocurrency master keys by @Cryptobill
A cryptocurrency master key is a theoretical concept where one specially crafted cryptographic private key would be able to decrypt ciphertext encrypted using any public key. As...