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What Does “Trustless” Mean?
What is

What Does “Trustless” Mean?

You might not often think about the system that underlies how you spend money. If you do think about it, in every transaction, there is a middleman you trust. You swipe a card, and the card processor handles the transaction, protecting both you and the merchant against fraud. You write […]

What Is a Bitcoin Mining Pool?
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What Is a Bitcoin Mining Pool?

Imagine, for a moment, you have been hired to destroy a shed and haul off the debris. You could strike out on your own with a sledgehammer and a crowbar, drag all that wood into the back of a truck, and drive it to the dump. Wouldn’t it be more […]

What Is a Dapp?
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What Is a Dapp?

In altcoin jargon, you may have heard or read about a “Dapp.” Short for “decentralized app,” it sounds more intimidating than it actually is. Decentralized apps are open-source, autonomous apps that live on blockchains. To understand decentralized apps, let’s start with the example of a “centralized” app. You’re using one, […]

What Is a Bitcoin Node and What Purpose Does It Serve?
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What Is a Bitcoin Node and What Purpose Does It Serve?

A bitcoin node maintains the blockchain and helps ensure transactions are swift and coins are mined. To understand a bitcoin node, think of the difference between a car radio and a citizen’s band radio. With a car radio, you can only receive signals, hearing about accidents and traffic reports before […]

What Is a Multisignature (Multisig) Address?
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What Is a Multisignature (Multisig) Address?

Multisignature addresses are basically permission slips to make digital currency transactions and they help protect against fraud. To understand multisignature addresses, the best analogy is the signatures needed for a business check. You know how, if a business plans to write a check for a large amount of money, the […]

Blockchain Salaries: How Much Do Blockchain Professionals Earn?
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Blockchain Salaries: How Much Do Blockchain Professionals Earn?

The technology that underpins bitcoin and other altcoins is experiencing a surge in public interest. Bitcoin’s underlying technology, called the blockchain, is a digital ledger that features certain characteristics that are essential for digital currencies to work. However, these same features, such as immutability and decentralization, also make the blockchain […]

What the Heck is Bitcoin Used for, Anyway?
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What the Heck is Bitcoin Used for, Anyway?

For nearly ten years, the media has been preoccupied with news about bitcoin. Having been declared dead 144 times to date and counting, bitcoin remains a mystery that even self-described experts have found difficult to unravel. This, however, has not stopped investors from engaging in what is emerging to be […]

Ether vs. Ethereum: What Is the Difference?
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Ether vs. Ethereum: What Is the Difference?

The novelist L.M. Montgomery once wrote, “It’s dreadful what little things lead people to misunderstand each other.” In the altcoin world, these misunderstandings tend to occur when trying to make sense of the multitude of similar terms that exist. One common headache is the casual interchangeability of terms like “Ethereum,” […]