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Education

A simple, concise learning path to get you up to speed on the foundational concepts of crypto.

Crypto in an Hour

In this series of short topics, you’ll become familiar with what constitutes Blockchain technology, Bitcoin, and the intricacies of “mining”. We’ve designed each topic to take about 5 minutes to read.

Crypto in an Hour: Introduction

Crypto in an Hour: Introduction

Bitcoin. Cryptocurrency. Blockchain. It’s going to change the world. You might have heard of it on the news or from that guy in the office that won’t shut up about it. At first, it sounded like a scam or a fad, but it hasn’t gone away. Maybe you even believe what...

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Crypto in an Hour: Part 1 – Distributed Ledger

Crypto in an Hour: Part 1 – Distributed Ledger

The most recognizable face of the cryptocurrency space is Bitcoin. However, it isn’t possible to talk about what Bitcoin is or what it can do unless you understand blockchain, the technology over which Bitcoin functions. So, let’s put Bitcoin aside for right now and...

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Crypto in an Hour: Part 2 – Blockchain

Crypto in an Hour: Part 2 – Blockchain

The best way for you to understand how Bitcoin works is to start with understanding how blockchain works. Blockchain is the technology on which Bitcoin is based. Whatever industry you work in, blockchain technology has important use cases that will impact your life in...

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Crypto in an Hour: Part 3 – Trust

Crypto in an Hour: Part 3 – Trust

In the previous article, I mentioned that blockchain is a trustless system and that nodes don’t trust each other. The word trustless often has a negative connotation to it, when it is a positive feature of blockchains. In essence, the code of blockchain allows real...

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Crypto in an Hour: Part 4 – Identity & Keys

Crypto in an Hour: Part 4 – Identity & Keys

How can you make a transaction without having to trust the other party with access with your personal data? How do you keep your identity safe? Blockchain’s answer to this question comes in the form of encryption that uses keys. When you create a wallet, you are given...

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Crypto in an Hour: Part 5 – Smart Contracts

Crypto in an Hour: Part 5 – Smart Contracts

In the previous lesson, we talked about identity and keys. In this lesson, we’re going to discuss smart contracts. Smart contract is a term that was first coined in the nineties, but it took until the development of blockchain technology in 2008 to became easy to...

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Crypto in an Hour: Part 6 – Coins & Tokens

Crypto in an Hour: Part 6 – Coins & Tokens

When people talk about cryptocurrency, they often use the term coin. On the other hand, you might have heard people talk about tokens when referring to a cryptocurrency. Some people confuse the two terms while other use them interchangeably. What’s the difference? A...

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Crypto in an Hour: Part 7 – Governance

Crypto in an Hour: Part 7 – Governance

One of the overriding ideals of cryptocurrency is decentralization, which makes how to govern a blockchain an important topic: who can make transactions on the blockchain, who can see those transactions, and who gets to decide? There are any number of different...

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Crypto in an Hour: Part 8 – Bitcoin & Mining

Crypto in an Hour: Part 8 – Bitcoin & Mining

So, what’s up with Bitcoin? Why does it still exist? What makes it special? Bitcoin has often been referred to as digital gold, and that’s not because of how much it’s worth. Bitcoin’s creator intended for it to act similar to gold. So, how is Bitcoin like gold? To...

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Crypto in an Hour: Part 9 – Hash Function

Crypto in an Hour: Part 9 – Hash Function

You know that Bitcoin encrypts the data from all the transactions in order to keep the information safe as well as immutable, but how does that encryption work? You might think the answer is too technical for you, but for the most part, it’s fairly simple. There are...

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Crypto in an Hour: Part 10 – Merkel Tree

Crypto in an Hour: Part 10 – Merkel Tree

Now that you know about the hash function, you can better understand what happens to all the information that goes through it to produce the hash, or the output that represents the next block on the blockchain. The technology of blockchain, however, isn’t simply to...

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Crypto in an Hour: Part 11 – Difficulty Target

Crypto in an Hour: Part 11 – Difficulty Target

We’ve talked about how to encrypt the information of all the transactions through the Merkel Tree, and the subsequent hash is almost ready to be added to the blockchain. Before that can be done, the miner needs to hash the entire block to produce the block’s name. The...

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Crypto in an Hour: Part 12 – Nonce

Crypto in an Hour: Part 12 – Nonce

Alright. We’re almost done with understanding how mining works. There’s only one more piece: the nonce. Remember, one of the fundamental aspects of the hash function is that when you run an input through the hash function, it always produces the same output. In order...

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Crypto in an Hour: Part 13 – Wallets

Crypto in an Hour: Part 13 – Wallets

Let’s say that you have decided you want to buy bitcoin or some other altcoin. Great, now where do you keep it? How do you store and secure a digital asset? Cryptocurrency holders refer to the place they store their digital assets as a wallet. However, there are many...

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Crypto in an Hour: Extra Credit – DAOs

Crypto in an Hour: Extra Credit – DAOs

Now that you’ve made it through the blockchain and Bitcoin, you should know enough to talk to anybody about all things crypto. If you dig deeper into this space, you’ll find ever more complex topics that crypto enthusiasts like to discuss. To that end, here are a...

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Crypto in an Hour: Extra Credit – ICO & IEO

Crypto in an Hour: Extra Credit – ICO & IEO

If you study cryptocurrencies for any length of time, you’ll run into the term ICO, and probably with a negative connotation. So, what are ICOs? An ICO is an Initial Coin Offering. It’s like a stock market IPO, or Initial Public Offering, for cryptocurrencies. New...

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