Challenge of the Week - read the bitcoin and one altcoin whitepaper
This week's challenge is, to question what you know about cryptocurrencies and study the original bitcoin whitepaper (https://bitcoin.org/bitcoin.pdf) as well as one whitepaper from an altcoin that is interesting (e.g. the steem whitepaper: https://steem.io/SteemWhitePaper.pdf).
Finding the answer to the following questions might help on the way to understanding cryptocurrencies:
- what is the main difference between this altcoin and bitcoin?
- how is anonymity handled in both implementations?
- what role does decentralization play?
- what is the main purpose of the altcoin in comparison to bitcoin?
- why is it necessary to use the blockchain for bitcoin and the altcoin?
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