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Proof-of-Work vs Proof-of-Stake

Which is Preferable Between Proof-of-Work Vs Proof-of-Stake?

As we know, a cryptocurrency runs on a blockchain platform that keeps a record of all the transactions. To achieve consensus among all the nodes, a blockchain uses consensus algorithms, out of which the proof of work and proof of stake consensus mechanisms are the most popular. These mechanisms are run by nodes that take …

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LAYER 1 Vs LAYER 2

What You Need to Know About Various Blockchain Layer Solutions, Including Layer 1 Vs Layer 2

Introduction If you’ve been in the world of blockchains for some time now, you would have definitely heard of terms like layer 2 blockchains, helping alleviate the scaling troubles that blockchains are infamous for. The scaling trilemma is seen to be one of the greatest limitations stopping blockchains from being popularly adopted – one could …

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A deep dive into blockchain scalability

A Deep Dive into Blockchain Scalability?

Overview of Scalability in Blockchain Scalability in blockchain, which largely refers to transaction speed, is undoubtedly the crypto industry’s simultaneous holy grail and bottleneck. Cryptocurrency transactions currently take longer than regular payment methods. However, there are a variety of hypotheses being developed in the crypto communities on how to best get past this obstacle and …

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what are blockchain layers

What are Blockchain Layers and How Do They Work?

Cryptography, game theory, and other modern technologies are concepts that combine to create blockchain technology, which has a wide range of potential uses, one of them being a cryptocurrency. By offering transparency and security, a blockchain reduces the need for intermediaries, decreases costs, and increases efficiency. By combining technology, trust is fostered between individuals or …

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What is Blockchain security

What is Blockchain Security, and Why is it Important?

What is Blockchain Security? There is no one answer to the question of what is blockchain security, as blockchain and cyber security depend on several factors, including blockchain types, the consensus mechanism used, and the security measures implemented by the blockchain platform. However, blockchain cybersecurity generally refers to using cryptography and other security measures to …

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What Is A Public Blockchain

What is a Public Blockchain? A Beginner’s Guide

What is a Public Blockchain?  In 2009, when the first cryptocurrency, Bitcoin, came into existence, Satoshi Nakamoto wished for a financial world with no centralized authority to control users’ finances. One of the primary goals of creating crypto based on blockchain was to create a public blockchain ledger. This would eliminate the need for a …

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What are EVM compatible blockchains

What are EVM Compatible Blockchains?

Introduction EVM compatibility has remained one of the most essential characteristics of a successful blockchain network ever since the advent of altcoins themselves. Short for Ethereum Virtual Machine compatibility – it is a variable that is essential for gaining user adoption and growing the development community. While we’ll get to what it means in just …

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What is an EVM wallet - A Complete Guide

What is an EVM Wallet? – A Complete Guide

What is an EVM Wallet?  ETH is currently one of the top aggregators of the decentralized world and is directly related to web3. The Ethereum Virtual Machine is the underlying operator on the blockchain that computes and processes all that users do over the Ethereum blockchain. EVMs are powered by several participants, and the collective …

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What Is a Consortium Blockchain

What Is a Consortium Blockchain and How Does It Work?

Blockchain technology has been expanding rapidly over the last few years. You might have seen some experts talk about various applications of blockchain other than just cryptocurrency. Blockchain is not just related to crypto; it is a technology that helps store and securely share data sets. Each block contains a data set that is added …

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All about the logical components of blockchain

All About The Logical Components of Blockchain

The Logical Components of Blockchain: Key Components of Blockchain Network Blockchain technology, which enables a shared, distributed, and tamper-proof ledger, is the foundation upon which cryptocurrencies are formed. Understanding the larger implications and applications of blockchain technology requires liberating it from its application in terms of cryptocurrency. To better appreciate the disruption inspired by blockchain, …

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