What is an “airdrop”?

In the world of cryptocurrencies, an “airdrop” is the distribution of free coins to specific coin addresses. Usually there are two common scenarios of airdrops. a) The airdrop because of a blockchain fork, by coins that have been launched without their own...

What is a “Genesis block”?

A genesis block is the very first block of a blockchain. It is usually mentioned as block 0 or block 1. For a blockchain powered Project, like a Cryptocurrency, having its own genesis block means a few important things about its integrity and fair distribution of...

What is “Decentralization”?

Decentralization is the process of distributing and dispersing power away from a central authority. In the world of cryptocurrencies , decentralization plays a critical role in many aspects like safety , security and their very philosophy which has lead to their...

What is “Equihash”?

Equihash is a memory-hard Proof of Work algorithm. It was introduced by the University of Luxembourg’s Interdisciplinary Center for Security, Reliability and Trust (SnT) at the 2016 Network and Distributed System Security Symposium. The algorithm is based on a...

What is BITCOINZ’s “VAULTZ”?

VaultZ is the Community Fund of the BitcoinZ Project. It is a major upgrade for the Project and came with the 2.05 version, after a massive 96% YES vote by the Community. The idea consists of getting a sophisticated and democratized funding mechanism for the support...
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