The Avalanche consensus mechanism is a revolutionary system that aims to provide high throughput, scalability, and speedy finality in blockchain networks. It is based on repeated random sampling and validator consensus. But, before we go into Avalanche Consensus, let us first define what consensus i...
the investment is mandatory based on the labour relationship. On the other hand, even if employees agree not to withdraw from the project after leaving the company, it does not mean the company is entitled to deduct their principal due to...
Ethereum, on the other hand, is a platform for decentralized applications. While Ether (ETH) is its native cryptocurrency, Ethereum’s main function is to facilitate smart contracts and dApps. Consensus Mechanism: Bitcoin uses Proof of Work (PoW) to secure its network, which requires ...
How Does A Bitcoin Exchange Work? A Bitcoin exchange operates much like Nasdaq. It facilitates trade between a buyer and seller, albeit in cryptocurrencies. A Bitcoin exchange adopts the same operational module as a brokerage firm, and you can fund your account through a bank transfer or other...
This Comprehensive Blockchain Tutorial Explains What is Blockchain Technology, its History, Versions,Types, Building Blocks and how does a Block Chain Work.
How does Ethereum work? Beyond being recognized as the second largest cryptocurrency by market value, Ethereum also has its own main functionalities and characteristics. Let’s walk through them. LikeBitcoin, the Ethereum network exists on thousands of computers around the world. Because of this,...
Hashgraph consensus is a mechanism used in a hashgraph distributed ledger to validate transactions. How Does Hashgraph Consensus Work? Hashgraph consensus works using consensus timestamps and "gossip," in which each node communicates everything it knows to random nodes in "gossip events." Will Hashg...
Solana is a proof-of-stake (PoS) blockchain but improves on it with a mechanism called proof-of-history (PoH), which uses hashed timestamps to verify when transactions occur. History of Solana Solana co-founder Anatoly Yakovenko's previous work experience was in the field of distributed sys...
How Does Selfish Mining Work? "Mining" is the process in which nodes in the blockchain's network validate and confirm transactions. Miners earn newly minted tokens in return for their computational effort. In a selfish mining scheme, a cartel obscures newly created blocks from the main chain,...
Iota is built on Tangle, a custom direct acyclic graph (DGG) that does not work like a blockchain. Blockchains build new blocks with information from previous blocks, while DAG node communicate their blocks to other nodes for validators to verify. ...