Ethereum 2.0 energy consumption is significantly reduced due to the move from proof of work to proof of stake.… Read the rest
Blockchain Technology Explained
This “Blockchain Technology Explained” video will help you learn basic concepts of Blockchain technology, some of the challenges companies had been facing before Blockchain, how bitcoin solved the issues in banking industry, features of Blockchain – public distributed ledger, proof … Read the rest
Blockchain cryptography [8 of 20] | Beginner’s Series to: Blockchain
One of the primary advantages of blockchain is that it is secure. Understand more about hashing functions, and public and private keys, and how they work to make transactions on blockchain safe.… 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
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
Proof of Work
A proof of work is a math verification system by which it’s costly and time-consuming to produce data, but it’s easy for others to verify that the data is correct.
Proof of work (PoW) was originally invented for computer security … Read the rest