What is Web 3.0 or the Metaverse? Sure, you’ve probably already heard that Facebook changed it’s name to “Meta”, but what does that really mean? In order to understand this concept, let’s take a quick look at the history of the internet or the world wide web! The nascent days of the internet were basically…
If you’re a crypto investor, or just starting out in crypto, staking is a concept you’ll hear about often. Staking is the way many cryptocurrencies verify their transactions, and it also allows participants to earn rewards on their holdings. But what is crypto staking? Staking cryptocurrencies is a process that involves committing your crypto assets…
Credit and thanks to Nick Black! Market cap: The total value of all the coins of a particular crypto. Calculated by multiplying the current price per coin by the total number of coins in circulation. Typically used to rank cryptos, such as on the website CoinMarketCap.com. As of this writing, the total market cap for…
Credit to Nick Black and the Crypto and Coffee Team! Game theory: The process of modeling the strategic interaction between two or more players in a situation containing set rules and outcomes, often employed by Nick Black to determine the best strategy for profiting from a crypto investment. Gas: The unit used to calculate the…
Again, with Special Thanks to Nick Black and the Money Map team! dApp: Short for decentralized application, a kind of application that runs on a distributed, decentralized network, such as the Ethereum network, rather than a device such as a smartphone or PC. Decentralization: The concept of having no central authority such as a company,…
It’s been a while since I’ve posted on the blog, as I’ve used social media (IG and Twitter) for the past year as my primary means of sharing info. The markets are changing quickly and so now its time to get back in the blog, and see where it goes! The reason that cryptocurrencies are…
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an…
Cardano (ADA) is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Ethereum are limited by the infrastructure burden of growing costs, energy use, and slow transaction times. Yes, Cardano is a form of cryptocurrency. It can be…
To spark your company’s thinking about crypto, here are some of the rationales behind why some companies are currently using crypto: Some companies use crypto just to facilitate payments. One avenue to facilitate payments is to simply convert in and out of crypto to fiat currency to receive or make payments without actually touching it….
When Satoshi Nakamoto first set the Bitcoin blockchain into motion in January 2009, he was simultaneously introducing two radical and untested concepts. The first is the “bitcoin”, a decentralized peer-to-peer online currency that maintains a value without any backing, intrinsic value or central issuer. So far, the “bitcoin” as a currency unit has taken up…
Bitcoin is the first massively adopted cryptocurrency getting most of the attention and dominating other cryptocurrencies. Bitcoin was born in 2008 when an unknown person or group of people named Satoshi Nakamoto published the Bitcoin whitepaper. Since then, many other cryptocurrency systems (including many in the rest of this list) have considered Bitcoin as a…
Abstract. A purely peer-to-peer version of electronic cash would allow onlinepayments to be sent directly from one party to another without going through afinancial institution. Digital signatures provide part of the solution, but the mainbenefits are lost if a trusted third party is still required to prevent double-spending.We propose a solution to the double-spending problem…