Cryptocurrencies have been one of the hottest buzzwords in finance and technology for years now. You’ve probably heard of Bitcoin,…
Year: 2024
Proof of Work (PoW): A Comprehensive Guide
Proof of Work (PoW) is a consensus mechanism originally developed to prevent spam and denial-of-service attacks but has since gained…
Consensus Mechanisms In Simple Words
In a decentralized network, achieving a shared agreement among nodes (computers) is critical. This agreement, or consensus, is necessary to…
What is Blockchain? An Easy Explanation
What is Blockchain? Imagine a digital notebook where every transaction, record, or piece of data is written in pen, so…