For the pBFT model to work, the assumption is that the amount of malicious nodes in the network cannot simultaneously equal or exceed ⅓ of the overall nodes in the system in a given window of vulnerability. The more nodes in the system, then the more mathematically unlikely it is for a...
The meaning of progressive decentralization Progressive decentralization is the process of relinquishing centralized control of a particular resource, system, or organization over time. An example of progressive decentralization is gradually revoking privileged permissions over a protocol and transferring decisio...
PNG(pronounced ping) is the Portable Network Graphics file format for image compression. It provides several improvements over the GIF format. Like a GIF, a PNG file is compressed in a lossless manner, meaning that all image information can be restored when decompressing the file for viewing. P...
Users have up to terabyte storage meaning room for lots of apps with each app requiring sign-up and unique passwords. This phenomenon has led to an increase in user-permissions that can result in ease of access for hackers. Hackers can use various entry points to breach into a user ...
Cryptocurrencies, on the other hand, are decentralized, meaning that they are not controlled by central authorities, making them more secure and transparent. Additionally, cryptocurrencies offer faster and more cost-effective transactions, making them ideal for the modern age of fast living and instant...
where buyers and sellers of cryptocurrencies connect directly. This type of marketplace is different from traditional marketplaces, where buyers and sellers are not connected. Cryptocurrencies are usually not controlled by a third party, meaning users retain control of the private keys of theirwallets...
The Ethereum Improvement Proposal process(Image source) To understand ERC-404, it helps to examine some Ethereum token standards that came before: ERC-20 tokens likeWrapped Bitcoin(WBTC) andWrapped Ethereum(WETH) are purely fungible, meaning each token is identical and interchangeable with another...
Ethereum has long been plagued by high fees for transactions, which sometimes skyrocket into hundreds or even thousands of dollars, especially at times of high network congestion. Solana has a larger theoretical throughput — meaning it can handle more transactions per second than Ethereum — so ...
CFDMeaning: CFD is an abbreviation for Contract For Difference. In a simplified way it means that you're not an owner of certain asset and transactions are based on the exchange difference. What are Forex pairs? We can distinguish forex major pairs, minor pairs and exotic currency pairs. ...
If you're a philosopher, do you really want to start every conversation with "But how does this relate to the meaning of life?” There’s a time and place to have these conversations, but it’s not conducive to getting shit done. ...