In the context of cryptocurrency, double-spending refers to the act of spending the same digital asset more than once. This can happen when someone tries to spend the same coin in multiple transactions, or when someone tries to spend a fake copy of a coin. Double-spending is a major problem for any digital currency because … Read more
An ASIC miner is a cryptocurrency mining rig that has been specifically designed to mine a specific cryptocurrency. ASIC miners are much more efficient than general purpose mining rigs, and are often the only option for mining certain cryptocurrencies. What is the most profitable ASIC miner? The most profitable ASIC miner is the one that … Read more
Proof of Capacity is a type of consensus algorithm for cryptocurrency networks that uses a person’s available storage space as a way to secure the network and process transactions. This type of algorithm is also known as a “provable security” or “proof of space” algorithm. The idea behind Proof of Capacity is that a person … Read more
Sharding is a type of database partitioning that involves splitting a database into multiple pieces, called shards. Each shard is a separate database that contains a subset of the data. Sharding is a way to scale a database by distributing data across multiple servers. It can improve performance by allowing concurrent operations on multiple shards. … Read more
Qtum is a decentralized and open-source smart contracts platform and value transfer protocol which operates on a hybrid blockchain. It is built on a fork of the Bitcoin blockchain and an account abstraction layer allowing the EVM to run on the Bitcoin UTXO set. Qtum utilizes a proof-of-stake consensus mechanism and is the first UTXO-based … Read more
A SAFT is a Simple Agreement for Future Tokens. It is a contract between an investor and a company that is developing a blockchain-based project. The investor agrees to purchase tokens from the company at a future date, once the project is completed and the tokens are issued. This type of agreement is often used … Read more
Digital currencies have different characteristics and can be used for different purposes. Some digital currencies are designed to be used as a general purpose currency, while others are designed for specific purposes such as for use in a particular country or for a specific type of transaction. What are the 4 types of cryptocurrency? Cryptocurrencies … Read more
What is Proof of Burn? Proof of Burn is a method of securing a cryptocurrency network through “burning” coins. In this process, miners send coins to a verifiable and irrecoverable address, thus removing them from circulation. By “burning” coins in this way, miners are essentially proving their commitment to the network’s security. The idea behind … Read more
