Search Result for 'Proof of work '

Zero-Knowledge Proof and Its Impact on Web3

Zero-Knowledge Proof and Its Impact on Web3

Different improvements in user experience have been introduced at various stages of the web's history. For example, in the early stages of the internet, or "Web1," only static websites that conveyed information were available.  Given the buzz generated by the concept of a decentralized web, technical discussions have included topics ...

An-Overview-of-The-Optimism-Network

An Overview of The Optimism Network

With the Ethereum blockchain experiencing scalability issues, more platforms have developed scaling solutions to address the issue.  Typically, these scaling solutions are intended to improve transaction speed while reducing the high transaction costs associated with the Ethereum chain. The Ethereum network has recently been under increased pressure. Developers are building ...

Overview of Blockchain Networks II

Overview of Blockchain Networks II

Some blockchain networks are solving the blockchain trilemma, with different elements and versions of the PoS consensus mechanism. This article analyzes the history, structure, and utility of Near Protocol, Cardano, Polkadot, and Harmony One. Near Protocol Near Protocol is a network that is focused on solving the blockchain trilemma and ...

Overview of Blockchain Networks (1)

Overview of Blockchain Networks (1)

Solana Solana is a new generation blockchain designed to solve the issues identified on Ethereum. It, like other networks that emerged after the creation of Ethereum, seeks to solve the blockchain trilemma, without compromising an important element for others. Ethereum 1.0, a Proof of Work network, achieved security and decentralization ...

How blockchain can work in marriage

How Blockchain Can Work In Marriage

Blockchain technology has been altering different spheres of life, from traditional financial activities, through supply chain management structures and down to marriages. As an immutable and transparent technology, many industries are seeing the need to incorporate it into their operations, as a way of breeding efficiency in their systems. Trust ...

A-Z of Proof of Stake (PoS) in Blockchain

A-Z of Proof of Stake (PoS) in Blockchain

What is Proof of Stake? The first generation of blockchains used the Proof of Work consensus mechanism, which is currently being used by Bitcoin. Proof of Stake was created to solve the issues noticed in the forerunner of blockchain like the complex validation process, which consumed a massive amount of ...

NFT Marketplace Overview: OpenSea

NFT Marketplace Overview: OpenSea

NFT Marketplaces are essential components of the Non-Fungible Token ecosystem. They are used to mint NFTs such as art, music, literature, movies, gaming assets, title deeds, and so on. Most NFT Marketplaces will mint any item that can be converted into digital data.  Some marketplaces solely cater to a specific ...

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