Jun 27, 2022
Proof-of-Work Vs. Proof-of-Stake
Consensus mechanisms like Proof-of-Work and Proof-of-Stake let a distributed network of users decide which new block of transactions should be added to a cryptocurrency's blockchain. They safeguard blockchains by allowing and validating only legitimate users to add new transactions....
Jun 27, 2022
CAREERS IN BLOCKCHAIN TECHNOLOGY
...in blockchain technology, these career paths involve using specific skills to either develop blockchain technology or increase its mass usage. 1. Blockchain Developers 2. Technical Writers 3. Data Scientists and Engineers 4. Cybersecurity Specialists 5. UI/UX Designers 6. Marketers...
Jun 22, 2022
What is Distributed Ledger Technology (DLT)?
Distributed Ledger Technology refers to the protocols & supporting infrastructure that enables computers to offer & authenticate transactions & update records in a synchronized manner across a network. DLT makes it easier to protect information....
Jun 10, 2022
A Beginner's Guide to Atomic Swap
Atomic swaps are highly decentralized and allow crypto asset holders to trade coins directly between blockchains (i.e., an exchange between an Ethereum blockchain and a Bitcoin blockchain). Atomic swaps employ hash timelock contract technology (HTCL)....
Jun 10, 2022
WHAT ARE MINING POOLS?
A mining pool involves the collaboration of hundreds or thousands of interdependent miners running the same mining software (client). Since they have cumulatively invested their resources towards mining, they will stand a better chance of earning mining rewards....
Jun 09, 2022
HISTORY OF BITCOIN FORKS
A Bitcoin fork is a new version of bitcoin's open-source software, with an upgrade to its underlying technology... a Bitcoin fork happens when two sets of miners cannot reach a consensus on the blockchain update to follow; hence, the blockchain splits into two versions....
Jun 07, 2022
What is Blockchain Technology?
The blockchain is a database organized in the form of a chain of blocks, each of which holds a sequence of data. blockchain technology is a digital ledger that records transactions in its most simple form. However, these transaction records can't be tampered with, modified, deleted, or destroyed....
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