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Cryptocurrency June 8, 2020 Proof of Stake (PoS) Guide – All You Need to Know
Artem 111133 Author
There are several consensus algorithms in the market that have been implemented in different blockchains in the last years. Two of the most important are Proof of Work (PoW) and Proof of Stake (PoS). In this article, we will be talking about PoS and how it is one of the most energy-efficient consensus algorithms in […]
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Cryptocurrency May 24, 2020 Basic Guide on Blockchain Consensus Algorithm – [The All You Need To Know]What is a Consensus Algorithm?
Artem 111133 Author
No technology has revolutionized the digital world like blockchain, not even arising anywhere close to what blockchain achieves. Blockchain raises many questions about its elements and operation, so we will delve a little into those responsible for maintaining the integrity of the network, who are known as Consensus Algorithms. These consensus algorithms make all blockchain […]
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Cryptocurrency May 24, 2020 Basic Guide on the Functions of Proof-of-Work (PoW) What role do miners play in the Proof of Work system?
Artem 111133 Author
Proof-of-Work (PoW) remains to be one of the most popular consensus algorithms used by cryptocurrency networks in the market. Bitcoin (BTC) is the largest cryptocurrency that is using it, and many other networks dependent on cryptography such as Litecoin (LTC) are also working with it. Proof-of-Work systems work in order to protect blockchain networks and […]
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Cryptocurrency May 24, 2020 Basic Guide on Blockchain Consensus Algorithm – [The All You Need To Know]What is a Consensus Algorithm?
Artem 111133 Author
No technology has revolutionized the digital world like blockchain, not even arising anywhere close to what blockchain achieves. Blockchain raises many questions about its elements and operation, so we will delve a little into those responsible for maintaining the integrity of the network, who are known as Consensus Algorithms. These consensus algorithms make all blockchain […]
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Cryptocurrency May 20, 2020 What is a Mempool and How Does It Affect Bitcoin?The Bitcoin Mempool Basic’s
Artem 111133 Author
As the cryptocurrency market expands and welcomes new users it is important for them to know all the terminology and parts of the Bitcoin (BTC) network and one of the many words that appearing often the confuse many is what we refer to as the “bitcoin mempool“. The Bitcoin mempool is the number of unconfirmed […]
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Cryptocurrency May 20, 2020 What is a Mempool and How Does It Affect Bitcoin?The Bitcoin Mempool Basic’s
Artem 111133 Author
As the cryptocurrency market expands and welcomes new users it is important for them to know all the terminology and parts of the Bitcoin (BTC) network and one of the many words that appearing often the confuse many is what we refer to as the “bitcoin mempool“. The Bitcoin mempool is the number of unconfirmed […]
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Cryptocurrency May 15, 2020 How The Bitcoin Block Reward System Works
Artem 111133 Author
Understanding the Bitcoin Block Reward System Transaction data are recorded in the bitcoin network in files called “blocks” and each time a block is discovered, a new bitcoin is minted and the miners receive compensations known as a “block rewards”. The rate of these bitcoins being created are cut in half every for years, limiting […]
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Cryptocurrency May 14, 2020 Blockchain Oracles Basic Guide – Providing Quality Data to Blockchain Networks
Artem 111133 Author
As blockchain networks continue to expand in the market, users start using new terminology that in many cases can create confusion. One of these terms includes Blockchain Oracles. In this guide, we will explain what are blockchain oracles, how they work and how they can help blockchain networks to have better information. Of course, there […]
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Cryptocurrency May 12, 2020 Basic Guide About Atomic Swaps – All You Should Know About Them
Artem 111133 Author
Atomic Swaps is a hot topic in the cryptocurrency and blockchain industries due to the high impact it could have to both individuals and companies operating in the market. Most of the cryptocurrency users are now trading their digital assets in a wide range of exchanges. This is the easiest way to buy or sell […]
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