Introduction to cryptocurrency

A public blockchain network is a network open to everyone with no restrictions.

An off-chain transaction takes place outside of the blockchain, and is often defined as a second-layer protocol.

Bitcoin manages to solve this issue thanks to confirmations and its proof of work consensus mechanism.

A private blockchain operates by invitation only and is often run by an entity or ‘trusted intermediary’.

Cryptography is the key to blockchain technology and allows the storage of huge numbers of transactions and protect them from hackers.

An unspent transaction output (UTXO) is the amount of digital currency left over after a cryptocurrency transaction.

An atomic swap is the process of exchanging cryptocurrencies between different blockchains. 

The Byzantine Generals Problem describes the difficulty of achieving consensus in distributed systems.

Anti-money laundering (AML) practices monitor and report suspicious activities to prevent money laundering and terrorist financing.

Where did Bitcoin come from? Who created it and why? What is its purpose? Could one person have really created it? These are common questions within the cryptocurrency community.

XRP is a global payment settlement system that aims to be a faster and less costly alternative than traditional payment platforms.