The difference between proof of work and proof of stake, both in cryptocurrencies and in general, can be difficult to understand for people who haven’t studied cryptography or computer science before. You may have heard these terms thrown around, but unless you’ve been following the… Read More »The Difference Between Proof of Work and Proof of Stake
One of the most hotly debated issues in blockchain technology concerns which consensus algorithm to use as the backbone of an ecosystem. For this reason, there are two major types of blockchains that are currently used in cryptocurrencies and smart contracts: Proof of Work (PoW)… Read More »Why Proof of Stake Could Be the Future of Blockchain
What exactly does Proof of Work mean? In its most basic sense, Proof of Work (PoW) is the act of using an extensive amount of computing power to solve complex math problems. Because it takes so much processing power to find the solution to these… Read More »What is Proof of Work and How Does it Keep the Blockchain Secure?
Blockchain technology has been growing in popularity in recent years, and it shows no signs of slowing down. But what exactly is blockchain technology? Why use a blockchain? What exactly is a block? And Do all cryptocurrencies have blockchains? Read on to learn everything there… Read More »Blockchain technology 101: A beginner’s guide