Category: Technical

Learn Hashing, Binary, and Proof-of-Work with MicroProver (Code Companion #2)

Note: This article focuses on the development of MicroProver. See my slides for the full BTC2019 talk Overview Proof-of-work is a Bitcoin and blockchain topic of vital importance, as it allows transactions to occur without trusting an intermediary. However, understanding this concept also requires some computer science background. One needs to know about hashing algorithms,

Offline Address Generation with uBitAddr (Code Companion #1)

This is a new series I’m introducing called “Code Companion”. These articles and videos highlight code projects of mine that are related to Bitcoin & cryptocurrencies. These projects can be helpful in understanding technical blockchain concepts. Explore and enjoy! Overview One of the most secure ways to store Bitcoin and other cryptocurrencies for the long

Token-Ize Me – The Basics of ERC20 Tokens

Overview One of the most interesting and powerful capabilities of the Ethereum network is the ability to create new currencies that operate on top of the base network. By using smart contracts, it’s possible to create a currency called a token without having to fork an existing currency’s code and create a new decentralized network.

Super Segwit Scripts

Overview Segregated Witness, better known as segwit, is a soft-fork change to the core Bitcoin (BTC) protocol implemented to provide one possible scaling solution as well as other benefits. First, the use of segwit decreases the size of transactions (sort of) and provides a new way for the Bitcoin network to scale without a hard-fork

Inside Ethereum Transactions

Overview Much like Bitcoin, Ethereum is a wildly popular cryptocurrency that allows its users to exchange value on a global, decentralized, censorship resistant platform. However, Ethereum goes beyond the capabilities of Bitcoin by adding a far more versatile scripting platform for the creation of “smart contracts” or “decentralized applications”. In order to facilitate this, the

(Bitcoin) Script Kiddies – Understanding Basic Transaction Scripts

Overview In the Bitcoin world, money is not just digital – money is programmable! When transactions between users on the network are created and broadcast, miners and nodes independently verify that these transactions are valid. But this verification is not just checking some basic data points – it involves the execution of special scripts specified

EZ-Pay – Full Node vs. SPV Wallets

Overview When discussing digital currencies, the question is often asked “where is the ‘money’ actually stored?” In the world of fiat currency (US dollars, Euros, etc.), cash stored in your physical wallet is the money. You give a $20 bill to a cashier, and they now have $20. With cryptocurrencies like Bitcoin, the actual currency