Proof-of-Stake (PoS) is one of the most common consensus algorithms that have gained popularity as an alternative for the PoW algorithm. It has evolved as a low-cost and low-energy consensus mechanism. In this consensus mechanism, responsibilities for managing the ledger are distributed among the nodes in proportion to the number of tokens staked by them. […]
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Category: Cryptocurrency
Analyst Justin Bennett Believes That Cry...
In a recent interaction with his Twitter followers, Justin Bennett said that markets don’t crash when they are most expected to do so. He explained that the crypto Bull market is still not over, but the correction is months away. Bennett has also revealed that “Federal Reserve will not hike interest rates and bring a […]
What is the Proof of Work (PoW) Consensu
PoW is a consensus algorithm that is used by cryptocurrencies. This consensus mechanism is used by cryptocurrencies to verify new transactions, add them to the blockchain, and create new tokens. Bitcoin was the first cryptocurrency to use this consensus mechanism. PoW (Proof of Work) The main essence of the proof of work consensus mechanism is […]
Kraken Differentiates Between Cardano (A...
A difference between Ethereum and Cardano was explained by the crypto exchange Kraken. The exchange highlighted that both the smart contract platforms offer the same thing but have “different philosophies.” According to Kraken, “ADA emphasizes on research-driven approach to design,” Ethereum was developed to “be a kind of operating system for any number of custom […]
Blockchain Application in Cryptocurrency
Before talking about the application of Blockchain in cyber security and cryptocurrency, it is important to first understand blockchain in supply chain management. Blockchain technology in supply chain management allows complete traceability, meaning the condition of the product at each step in supply can be tracked. The transactions through blockchain technology can be tracked very […]
Trading Veteran Shows Confidence in Bitc...
Trader Tone Vays, in a recent session with his YouTube subscribers, said that he is still biased towards a bullish run in Bitcoin despite the sharp decline in its prices from an all-time of $69,000. The trader yet believes that Bitcoin has not entered a bear market. To support his argument, Vays gives several reasons […]