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What is ASIC mining?

May 20, 2018 AlanC Other

What is ASIC?



ASIC - application-specific integrated circuit. 

ASIC is an integrated circuit (IC) customized for a particular use rather than intended for general purpose use.

In Bitcoin mining hardware, ASIC...




What is a Ponzi scheme in cryptocurrencies?

May 20, 2018 AlanC Other

What is a Ponzi scheme in cryptocurrencies?



Ponzi scheme is a special kind of fraud. It is based on a fake investment that one schemer or group of schemers, get other people money.

In ponzi schemes, the schemer basically says, I found a great way to...




What are Smart contracts?

May 17, 2018 AlanC Other

What are Smart contracts?



A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies or assets between parties under certain conditions.

A...




The Anatomy of a Cryptocurrency

May 17, 2018 AlanC Other

The Anatomy of Cryptocurrency



Although there can be exceptions to the rule, there are some factors that make cryptocurrency so different from the financial.

Adaptive scaling:
Adaptive scaling means that cryptocurrencies are built with measures to...




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