Tether's Origin: The Controversial Birth of the First Major Stablecoin
From Realcoin to USDT: how Tether created the dollar-pegged token that became crypto's de facto reserve currency, and the controversies that followed.
60 articles exploring cryptocurrency whitepapers — deep dives, origin stories, and technical explainers.
From Realcoin to USDT: how Tether created the dollar-pegged token that became crypto's de facto reserve currency, and the controversies that followed.
How an anonymous whitepaper by 'Nicolas van Saberhagen' led to a community fork that created the gold standard of privacy-preserving cryptocurrencies.
How Sergey Nazarov identified the critical gap between blockchains and real-world data, and built the most widely adopted oracle network in crypto.
How a Google engineer created a Bitcoin fork with faster blocks and Scrypt mining, establishing the template for thousands of altcoins that followed.
The origin of Tendermint consensus and the Cosmos Hub — from academic BFT research to a practical framework for building interoperable blockchains.
From co-founding Mt. Gox and Ripple to creating Stellar — how McCaleb's focus shifted from trading to financial inclusion for the developing world.
The story of Changpeng Zhao launching BNB as a utility token and evolving it into a dual-chain ecosystem rivaling Ethereum's smart contract platform.
A beginner-friendly explanation of SHA-256 mining, difficulty adjustment, and why Bitcoin uses more electricity than some countries.
Understanding how PoS blockchains replace energy-intensive mining with economic staking, and the mechanisms that keep validators honest.
How hash trees enable efficient verification of massive datasets, from Bitcoin's SPV to Ethereum's state tries and beyond.
What smart contracts actually are, how the EVM executes them, and why gas fees exist — explained for developers and curious readers.
The mechanisms behind fiat-backed stablecoins — reserves, attestations, redemption, and the regulatory landscape that governs them.
Understanding how Arbitrum, Optimism, and other L2s process transactions off-chain while inheriting Ethereum's security guarantees.
The mechanics of overcollateralized borrowing, variable interest rates, liquidation, and flash loans in decentralized lending.
Understanding constant product formulas, liquidity pools, impermanent loss, and why AMMs revolutionized token trading.
From Byzantine generals to modern DAG-based protocols — a comprehensive guide to how distributed networks agree on truth.
The oracle problem, decentralized oracle networks, and why Chainlink's approach of cryptoeconomic security matters for DeFi.
Understanding IBC, XCMP, and bridge protocols that enable value transfer across independent blockchains — and the security risks involved.
The unspent transaction output model that underpins Bitcoin — how it differs from account-based systems and why it enables better privacy.
How Ethereum tracks every contract and account using Merkle Patricia Tries, and why state management is the chain's biggest scaling challenge.