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3 articles · 35 min
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History of Digital Cash: From DigiCash to Bitcoin
The history of digital cash, from Chaum and DigiCash through Hashcash, b-money, and Bit Gold, to why Bitcoin succeeded where earlier systems failed.
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How Bitcoin Transactions Work: UTXOs, Scripts & the Blockchain
How Bitcoin transactions work, step by step: the UTXO model, Script execution, blocks and Merkle trees, SPV verification, and hard vs soft forks.
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Bitcoin Mining Economics: Hardware, Pools & Profitability
Bitcoin mining economics: hardware efficiency, block subsidies and halvings, pool payment schemes, and the profitability math miners actually use.
Bitcoin & Blockchain Foundations
9 parts · 2 hours
Cryptographic Hash Functions: The Building Blocks of Blockchain
How cryptographic hash functions power Bitcoin: collision resistance, hiding, puzzle-friendliness, SHA-256, Merkle trees, and proof of liabilities.
Proof-of-Work Explained: How Bitcoin Achieves Consensus
Proof-of-work explained: how Bitcoin mining secures decentralized consensus, why difficulty adjusts, and the economics that make attacks irrational.
Cryptocurrency Wallets & Key Storage: Hot, Cold & Hardware
Cryptocurrency wallets and key storage for investors: hot vs cold custody, hardware wallets, multisig, secret sharing, and exchange counterparty risk.
Bitcoin Valuation: Supply, Demand & Token Economics
Bitcoin valuation models: fixed supply and halvings, the token valuation equation, stock-to-flow and its failure, NVT, and investment vs transaction demand.
Bitcoin Privacy & Anonymity: Pseudonymity, Mixing & Zero-Knowledge
Bitcoin privacy and anonymity: address clustering, exchange KYC linkage, CoinJoin mixing, Monero and Zcash, and what compliance teams need to know.
Cryptocurrency Regulation: Legal Classification, AML & Global Frameworks
Cryptocurrency regulation explained: the Howey test, SEC enforcement, the FATF Travel Rule, MiCA, and how digital assets are classified and taxed.
Proof-of-Stake Explained: Ethereum’s Merge & Beyond
Proof of stake vs proof of work: how Ethereum’s Merge happened, validator economics, slashing risk, liquid staking, and the security trade-offs.
Smart Contracts & Ethereum: Programmable Money
Smart contracts and Ethereum explained: the EVM, gas and EIP-1559, DeFi and NFTs, Layer 2 rollups, and the risks finance professionals must weigh.
Altcoins & the Cryptocurrency Ecosystem: Beyond Bitcoin
Altcoins and the cryptocurrency ecosystem: coins vs tokens, merge mining, atomic swaps, sidechains, ICO lessons, and an evaluation framework.
Money, Banking & the Financial System
1 part · 14 min
Digital Payment Systems & CBDCs: From Electronic Rails to Central Bank Digital Currency From Money & Banking
Learn how central bank digital currencies (CBDCs) work, how they compare to stablecoins and cryptocurrency, and what they mean for banking and monetary policy.
Tools for this topic
- Bitcoin Mining Profitability CalculatorFree online calculator Excel model: Bitcoin Mining Profitability Calculator
- Bitcoin Valuation CalculatorFree online calculator Excel model: Bitcoin Valuation Calculator
- Bitcoin Vanity Address CalculatorFree online calculator Excel model: Bitcoin Vanity Address Calculator
- Ethereum Gas Fee CalculatorFree online calculator Excel model: Ethereum Gas Fee Calculator
- Hash Collision Probability CalculatorFree online calculator Excel model: Hash Collision Probability Calculator
- Mining Difficulty Adjustment CalculatorFree online calculator Excel model: Mining Difficulty Adjustment Calculator
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