New to Crypto? Are you new to crypto? Are you asking questions like 'What is Bitcoin?', 'What is cryptocurrency?', 'How do I learn about cryptocurrency?' and 'What is cryptocurrency used for?' If crypto seems intimidating, then start here. Start at the place where everyone starts: not knowing but wanting to know, and taking the steps to get there: New to Crypto? Want ...
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What is Cryptography?
What is Cryptography? And How Do Cryptocurrencies Work? The Need for Encryption Cryptography arose out of the need for people communicating to ensure that the message is received by the correct person and also received accurately, meaning not having been tampered with. It’s a way to secure communication. Cryptography is the term most commonly used but it’s actually just one half of the equation, the other being cryptanalysis, and both coming under the term cryptology which is the study of ...
What Is Blockchain and How Does It Work?
What is Blockchain and How Does it Work? This post is a basic walk-through of the non-technical and technical fundamentals of the blockchain technology that is used in cryptocurrencies, with a focus on Bitcoin's blockchain. It is blockchain explained simply. The blockchain can be thought of as a distributed ledger system. The key terms here are distributed and ledger, distributed being the opposite of centralized or being in one location; and ledger being a continuous recording of events, ...
Proof of Stake vs Proof of Work | Which is Better?
Proof of Stake vs Proof of Work Each cryptocurrency has its own blockchain which uses a specific kind of consensus algorithm to organize transactions in the blockchain 'database'. The original consensus algorithm used in Bitcoin is Proof of Work, as described in my previous post What is Blockchain and How Does it Work? Proof of stake is one alternative algorithm to proof of work (used in Bitcoin alternatives/altcoins). The battle between proof of work aka POW and proof of stake aka POS is ...
The Truth About Altcoins
The Truth About Altcoins Have you noticed that as the price of Bitcoin goes up, altcoin prices go up? And have you also noticed that as the price of Bitcoin goes down, altcoin prices go down? This might seem like basic information if you are already a crypto-enthusiast. But perhaps, like myself, you would like to have a deeper understanding of what exactly is happening with the price volatility of alt-coins and why they so closely follow the troughs and peaks of Bitcoin. I also wanted to play ...
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Discover The Guide on Privacy Coins
The Guide on Privacy Coins Learn all about the technology behind privacy coins, the problems that they are trying to solve with anonymous cryptocurrencies, and how they can be useful for you. A beautiful book! Concisely filled with everything you need to know! Buy the book: Print, Digital Watch (or read) Part 1 below for free: What is the Guide on Privacy Coins? If you're looking for a ...
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