Simplify Crypto
Simplify Crypto

Simplify Crypto

Trying to help people to understand the crypto world from the basic concepts to the crypto projects purpose. My articles are publish in Publish0x and Hive


Proof-of-Work - the algorithm that makes Bitcoin move

15 Sep 2020 4 minute read 1 comment Simplify Crypto

To understand the role of miners and how consensus is achieved through a decentralized network with thousands of nodes without a central authority, we must first understand the innovative algorithm that makes all of this possible. A hash algorithm tu...

DApps - the Future of the Internet

14 Sep 2020 4 minute read 3 comments Simplify Crypto

This new world has created (more) a new concept: DApps - decentralized applications. They are software applications that are open source and work autonomously and directly between users that must be rewarded.   Your users must be rewarded throug...

Ethereum - the global computer

14 Sep 2020 4 minute read 0 comments Simplify Crypto

So far we have talked about Bitcoin as a cryptocurrency, but this “cryptomundo” has created a whole new class of assets. According to Chris Burniske and Jack Tatar, in their book Criptoactivos: the innovative investor's guide to Bitcoin and beyond, w...

Tightrope world economy

13 Sep 2020 1 minute read 1 comment Simplify Crypto

For the OECD, the outlook for the economy is one of great uncertainty. since the COVID-19 pandemic unleashed serious damage to people's health, employment and well-being, being one of the most serious crises of our century. The OECD projected two sce...

YFDEX.CHANGE new scam on DEFI

11 Sep 2020 1 minute read 2 comments Simplify Crypto

On the last day 09, the CryptoWhale profile made this post on Twitter referring to another scam in the DeFi world: Yfdex.Finance. On September 8, the Yfdex.Finance project announced the start of the sale of its YFDEX Tokens. For that, the investor ju...

Blockchain - The revolutionary technology

10 Sep 2020 5 minute read 0 comments Simplify Crypto

The technology that allowed the creation of this new world is called blockchain! The blockchain - chain of blocks - quite simply, is a database stored in immutable blocks, dated and linked by cryptographic means, maintained by a distributed network o...

Consensus in a Decentralized Network

9 Sep 2020 4 minute read 0 comments Simplify Crypto

We have been learning how Bitcoin mining works and the Proof-of-Work algorithm that validates it. In this article, we will try to understand more deeply how it is possible to create a universal truth accepted by all who are part of the network and wi...

Mining - Satoshi's best idea

8 Sep 2020 4 minute read 0 comments Simplify Crypto

Bitcoin mining is the mechanism for creating new bitcoins. But it is much more than that. It is the invention that makes Bitcoin special and the decentralized security mechanism that is the basis for peer-to-peer money. New bitcoins are created each...

NetBox Browser feedback

8 Sep 2020 1 minute read 1 comment Simplify Crypto

A month ago, I wrote a post explaining the Netbox project (NBX).Since that post, I tried to use the Netbox browser and now I want to share with you my experience. Well I had used the browser all days to do everything that I normal do.Everything worke...

ETHEREUM CLASSIC AND 51% ATTACKS

5 Sep 2020 3 minute read 0 comments Simplify Crypto

Despite being something not so common, it happened with the Ethereum Classic (ETC) twice in the same week (currently there has been another 3 attacks in a month), when a miner got 51% of mining power (hash power) to break into the network and thus cr...