What is Proof of Stake and how is it different form Prove of Work
Proof-of-stake is a consensus algorithm used by cryptocurrencies to process transactions and add new blocks to a blockchain. A consensus mechanism is a technique for approving entries into a distributed database and maintaining the security of the database. A blockchain is...
WHAT IS CRYPTOCURRENCY MINING?
The number of people interested in investing in cryptocurrencies is rising day by day. There are, however, very few people who can fully comprehend the underlying technology, even among those who regularly trade cryptocurrencies.
This is due to the fact that...
What are DApps?
Why pay a middlemen when you want to buy a piece of land when you can use an app that links the land owner directly to the buyer and doesn’t charge a fee? That is the assurance that dapps, or decentralized apps are offering.
What is a dapp (decentralized...
Coins and Tokens: WHAT ARE THEY?
First, let’s address a minor distinction that causes many beginners to struggle while seeking to understand the fundamentals of cryptocurrencies. Coins and tokens are the two types of cryptocurrency.
Coins
It is a cryptocurrency that has its own blockchain, like...
The Various Forms of Cryptocurrencies
Most people likely think of Bitcoin when they hear about cryptocurrencies. Bitcoin is regarded as the cryptocurrency’s pioneer, having launched thousands of other coins. In the emerging field of digital currency, Bitcoin had little to no competition when it first...
What’s Blockchain Technology and How does it work?
Blockchains are often explained with a lot of tech jargon by people in mathematics, cryptography, and
network engineering. It turns out that blockchains are more straightforward than you might think, at least
for the most part.
Imagine how simple life would be if you could...
The difference between Digital Currency and Cryptocurrencies
As we had hinted in the previous articles one may easily confuse “cryptocurrencies” and “Digital
currency.”
The two might seem interchangeable, but they mean two different things, whereas digital
currency refers to any currency that exists online Cryptocurrency refers to...
What is Bitcoin? History, Characteristics, Advantages and Disadvantages
What is Bitcoin?
Not only is Bitcoin (BTC) the first cryptocurrency, but it’s also the best known of the more than
19,000 cryptocurrencies in existence today. Financial media eagerly covers each new dramatic
high and stomach-churning decline, making Bitcoin an inescapable...