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What is proof of burn?

What is proof of burn?



Proof of burn is a method for a distributed consensus.

It is an alternative to proof of work and proof of stake, it can also be used for bootstrapping one cryptocurrency off of another.

All Proof of Burn cryptocurrencies work by burning...



Views: 339 Read

What is Groestlcoin (GRS)?

What is Groestlcoin (GRS)?



Grostl is a cryptographic hash function submitted to the National Institute of Standards and Technology hash function competition.

Grostl was chosen as one of the five finalists of the competition. The author's claimed speeds of up...



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What is ASIC mining?

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 were the next step of development after CPUs, GPUs...



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What are Smart contracts?

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 smart contract not only defines the rules and penalties...



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The Anatomy of a Cryptocurrency

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 ensure that they...



Views: 339 Read

What is Gnosis?

What is Gnosis?



Gnosis is a software project that's been around for a while and is similar to auger.

 

They're building a decentralized prediction market on top of the Ethereum Network.

 

A prediction market is essentially a gambling site that allows you to make...



Views: 452 Read

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