Category: Non-technical

What’s in Your Wallet? Understanding Private Key Control

Overview Just like your cash, cards, and ID, your cryptocurrency assets live in something called a “wallet”. Most all forms of digital money implement this concept in some form, and understanding wallets is critical to safely storing and using your favorite digital currency. Much like your physical wallet, your Bitcoin, Monero, or Ethereum wallet gives

BIP39 Mnemonics Made Easy (Part 1 – Backups, Simplified!)

Overview A critical component of cryptocurrency security is the ability for users to easily and efficiently backup the private keys that control access to their funds on the blockchain. Without one’s private keys, any funds in a user’s addresses are irrecoverably lost. However, the nature of early wallets made backing up one’s private keys a

Proof of Work, Explained (Part 1 – POW for Non-Techies)

Overview Personally, I’m fascinated by both the technical and financial implications of cryptocurrencies like Bitcoin, Bitcoin Cash, and Litecoin (to name a few). The way these currencies work is a complex topic, with lots of moving parts to discuss. One of the core components of cryptocurrencies like Bitcoin is the mechanism by which an entirely