Ethereum 2.0 energy consumption is significantly reduced due to the move from proof of work to proof of stake.… Read the rest
Proof-of-Stake vs. Proof-of-Work Blockchains: Why Staking Stands Out
What’s the difference between proof-of-work cryptocurrencies, like Bitcoin, and proof-of-stake cryptocurrencies, like Tezos? A lot. We’ll be discussing the POW vs POS blockchain models, and how, with POS, holders can earn “interest” aka staking rewards.… Read the rest
What is a consensus algorithm?
There is only one state of truth in a blockchain. But how can we make sure the state of truth doesn’t get tampered with? Consensus algorithms are protocols that nodes use to agree with each other on the one and … Read the rest
Chain Reaction: Distributed Ledger Technologies (DLT) explained
Is it a revolution? Or just hype? Perhaps something in between? One thing is clear, Blockchain is one of today’s big talking points. Experts see a technology that will influence our life, a new phase of the internet. But what … Read the rest
Decentralized?
Cryptoeconomics In 30 Minutes by Vitalik Buterin (Devcon5)
Cryptography lets us prove things without assumptions about behavior.
Cryptoeconomics lets us prove things with minimal assumptions about participants.
Both are idea for decentralized / trust-minimized systems.… Read the rest
What’s the future of Blockchain?
Brendan from Block.one sat down with CNBC’s Brian Sullivan to discuss some of the big questions businesses are asking today. What impact is Blockchain having on enterprise? Why governments are primed for Blockchain? What can we learn from the 90’s … Read the rest
What is EOS? How Does it Work?
EOS is a smart contract platform much like Ethereum. EOS, however, promises the ability to perform millions of transactions per second, without any fees! How could this be possible, given the scalability of other major blockchains? In this guide, we … Read the rest
Vitalik Buterin: Proof of Stake vs Proof of Work
In this brief video, Vitalik Buterin describes the difference between proof of work and proof of stake and why he considers proof of stake to be a more efficient consensus mechanism.
Proof of stake is a type of algorithm by … Read the rest
What is Delegated Proof of Stake?
Fundamental to different blockchain projects is the manner in which transactions are verified, or more technically speaking, how a “consensus” is achieved to ensure blockchain integrity.
Different consensus algorithms have evolved – and are still evolving – to support efficient … Read the rest