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Tag: proof of work

Posted on January 22, 2023January 15, 2023

Why Blockchain, NFTs, And Web3 Have A Sustainability Problem

Blockchain technology has a reputation for consuming an enormous amount of energy. What can be done to address sustainability issues around blockchain, NFTs, and Web3 technologies?… Read the rest

Posted on September 26, 2022September 18, 2022

Ethereum’s Merge is Complete- Behind the Scenes of a Pivotal Moment in Blockchain | Forbes

Ethereum Core Developer Preston Van Loon shares his experience of working on the blockchain’s long-awaited transition to proof-of-stake, now complete.

At 6:42 A.M. Coordinated Universal Time (2:42 A.M. EDT), the Ethereum blockchain merged with a special-purpose decentralized ledger called the … Read the rest

Posted on September 2, 2022August 22, 2022

The Ethereum Merge: Why Crypto World Is So Excited | Tech News Briefing Podcast | WSJ

The crypto platform Ethereum is preparing for a major system overhaul aimed at reducing the amount of electricity the network uses. But the update could lead to other changes to how Ethereum works. WSJ cryptocurrency reporter Paul Vigna joins host … Read the rest

Posted on January 12, 2022January 4, 2022

How Does Cryptocurrency Work? Blockchain Explained for Beginners

Almost all money in the world is already digital, entries in a ledger which is usually managed by a bank. Only a small portion exists as physical, such as cash or coins. Given that we already have a mostly digital … Read the rest

Posted on December 29, 2021December 21, 2021

What’s Special About Blockchain

What is so special about Blockchain? How does it work? What are its main use cases?… Read the rest

Posted on June 5, 2021May 27, 2021

Ethereum 2.0 Will Use 99.5 Percent Less Electricity

Ethereum 2.0 energy consumption is significantly reduced due to the move from proof of work to proof of stake.… Read the rest

Posted on February 8, 2021January 28, 2021

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

Posted on January 7, 2021December 30, 2020

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

Posted on December 12, 2020December 2, 2020

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

Posted on October 28, 2020October 19, 2020

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

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Blockchain and Web 3.0

“Blockchain paves the way to greatly improved cryptography and online security. It establishes faster, more efficient, more transparent, more accountable and less expensive operations and transactions. It is the future of commerce. And it’s already begun.” GW Alger

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