All posts in "Cryptocurrencies"
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What is IPFS?

Quick Navigation #1. What does IPFS stand for?#1.1. What are communication protocols? #1.2. Why the client-server model is not attractive anymore? #2. How does IPFS work?#2.1. How does content-based addressing function? #2.2. How does IPFS store files?#2.3. What is IPFS drawback?#3. What are the possible applications of IPFS? Can you imagine what your life would be without access […]

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Proof-of-stake vs. Proof-of-work

Quick Navigation #1. What’s the history behind the algorithm?#2. How does the proof-of-work algorithm work?#3. How does proof-of-stake work?#4. Purpose of PoW and PoS algorithms#5. Proof of stake vs. Proof of work I imagine that there are a few people who haven’t heard about Bitcoin and the miners who labor to mine new bitcoins. But […]

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What are ERC20 Tokens?

Quick Navigation #1. What’s Ethereum?#2. Ether vs. tokens#3. What are ERC20 tokens?#4. Is it necessary to use ERC20 protocol?#5. How to create ERC2O tokens? To somebody who encounters cryptocurrencies for the first time, it might be difficult to grasp some concepts. Blockchains, Bitcoins, smart contracts, DAPPs, these terms sound strange the first time you hear […]

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What are Smart Contracts?

Quick Navigation #1 History of smart contracts#2 What are smart contracts?#3 What are the benefits of smart contracts?#3.1 Lack of intermediary#3.2 Immutable#3.3 Distribution#3.4 Back-up#3.5 Safety#3.6 Time-saving#4 Where can you process smart contracts?#5 What are the possible applications of smart contracts?#5.1 Government#5.2 Business#5.3 Healthcare#6 What are the potential problems with smart contracts? Cryptocurrencies are developing so […]

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What is Cardano (ADA) and How It Works?

Quick Navigation What’s Cardano?Structure and coinCardano Development and ICOFounder of Cardano and Cardano teamWhat makes Cardano different from other cryptocurrencies?#1. Scalability#1.1. Transactions per second (tps)#1.2. Bandwidth#1.3. Data storage#2. Interoperability#3. SustainabilityHow to store ADA? Since the introduction of Bitcoin in 2009, new cryptocurrencies spring up like mushrooms thanks to the innovative technology called the blockchain. Take […]

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What’s the Difference Between Coin, Token and Protocol?

Quick Navigation What are cryptocurrencies?What’s a blockchain?What’s a protocol?What is the difference between coins and tokens?What are coins?What are tokens?Types of tokensDAPPs and smart contracts Cryptocurrencies continue to gain popularity, despite the fact that the price of Bitcoin crashed in March. That’s not a big surprise. People see a lot of potentials in the emerging […]

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Top 5 Alt Coins for Private Transactions

Quick Navigation #5 Verge#4 Zcash#3 PIVX#2 Dash #1 Monero  Bitcoin emerged on the market as an alternative to traditional payment methods, and its main selling point was anonymity and privacy. But as we started to get to know Bitcoin, we suddenly realized that wasn’t as anonymous as we thought it was. As you know, every […]

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