Category: Technical

(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

Proof of Work, Explained (Part 2 – A Hash Bash for Techies)

Overview In the last article, we looked at the overall idea of proof of work and its applications. That article covered the origins of this concept, how it works at a high level, and some of its applications. Now, let’s take a look at the technical inner workings of these algorithms. In a nutshell, proof