Digital technology revolutionized modern finance, and recently, blockchain technology has become a big part of it. Many people think of cryptocurrencies when they hear "blockchain”— yes, it’s true that’s the underlying tech that powers them. But it can do...
Ethereum is one of the biggest and most popular cryptocurrency projects as the leading blockchain for decentralized applications (dApps) due to its compatibility with smart contracts. However, its popularity has led to congestion and high gas fees, thus, a...
Cryptocurrencies are virtual assets secured by cryptography and operate on a decentralized network powered by blockchain technology. The terms cryptocurrency and blockchain still sound complex to many. However, Bitcoin as a digital asset has been in the news for...
The high amount of energy consumed by Proof of Work (PoW) systems led to many in the cryptocurrency space looking for more efficient and greener alternatives. While Proof of Stake (PoS) systems emerged as a viable alternative to PoW,...
With Algorand (ALGO) 's price more than doubling to over $2 in a month, many people have started paying attention to the Algorand protocol. While the price action of Algorand has been impressive, the technology behind the protocol is...
Proof of Work (PoW) and Proof of Stake (PoS) are two of the most used consensus mechanisms by blockchains in the crypto space. While PoW is the consensus mechanism that is considered to be the original idea of how...
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...
The Proof of Work concept has been around for a long time, longer than the Proof of Stake consensus mechanisms and other chains in existence. Its origin is traced to the 1990s when Dwork and Naor developed the concept in...
The blockchain is a digital ledger of transactions stored, duplicated, and distributed across thousands of computers called nodes, connected to a central network. On the other hand, big data is a collection of data in large volumes that grows...
With the coming of cryptocurrencies and Non-Fungible Tokens, many have erroneously thought that only cryptos are digital currencies, but that is far from the truth. This article will go ahead to demystify digital currencies, cryptocurrencies, and much more. As...
