1 day ago · Tech · 0 comments

"Cryptocurrency" for short, is a term that is used to describe a particular kind of tokens—the ones that are backed up by real money just like how the US dollar was backed by gold. The technology is simple, really: original Bitcoin uses proof-of-work — a way to verify participants in the networks and to filter out malicious actors. It is very elegant, indeed: the power is in the agreement between independent parties, this agreement is called a protocol, in the same way as we use network protocols to make our devices communicate and so on. The cryptography part is also fascinating — the fact that we can construct a system such that it can be exposed to malicious actors without the risk of them breaking it. Same as we use HTTPS to hide out traffic in transit to the site from malicious actors (or your own provider). These concepts underline the very substrate of our technology. Now, that is all well and good, but how can we profit from it? I hear you asking. And that's exactly why we…

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