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How to Agree: Different Types of Consensus for Blockchain There are many more types of consensus than Proof of Work and Proof of Stake. Here we introduce the most important alternatives. How to Agree: Different Types of Consensus for BlockchainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain9 Jun 2022|INTERMEDIATE|8 MIN READHow to Agree: Different Types of Consensus for BlockchainThere are many more types of consensus than Proof of Work and Proof of Stake. Here we in…
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Buy Ethereum With Credit or Debit Card • Nexo Buy Ethereum (ETH) with Debit or Credit card. Earn high yields as soon as you top up. Expand your digital assets portfolio. Buy Ethereum With Credit or Debit Card • NexoLog inSign upPersonalBusinessMarketsCompanyGet startedBuy BTC, ETH, and over 100 other digital assets and start earning interest.Buy assetsGrow your savingsFlexible SavingsEarn interest with daily payouts and no lock-ups.Fixed-term SavingsEarn more interest for longer periods of u…
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What Is Consensus? A Beginner’s Guide What is a consensus mechanism? From Proof of Work to Proof of Stake, learn how they work for cryptocurrency. What Is Consensus? A Beginner’s GuideLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain13 May 2022|BEGINNERS|7 MIN READWhat Is Consensus? A Beginner’s GuideWhat is a consensus mechanism? From Proof of Work to Proof of Stake, learn how they work for cryptocurrency. Consensus for blockchain is a procedure in which the pe…
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Crypto Tokens vs Coins — What’s the Difference? Are crypto tokens and coins the same thing? Not exactly. Here we explain their differences and uses, with insight into popular ones. Crypto Tokens vs Coins — What’s the Difference?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins20 Jun 2022|BEGINNERS|4.5 MIN READCrypto Tokens vs Coins — What’s the Difference?Are crypto tokens and coins the same thing? Not exactly. Here we explain their differences and uses, wit…
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Peer-to-Peer (P2P) A succinct definition of Peer-to-Peer (P2P) Peer-to-Peer (P2P)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPEER-TO-PEER (P2P)Copy linkShare on TwitterShare on FacebookShare on LinkedinPeer-to-Peer (P2P)Peer-to-peer (P2P) networks do not have a central server or authority that facilitates the management of its communications. Each user contributes in effort to help keep the entire network running smoothly, and all members of this network are considered equal…
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Permissionless A succinct definition of Permissionless PermissionlessLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPERMISSIONLESSCopy linkShare on TwitterShare on FacebookShare on LinkedinPermissionlessA permissionless system is one that has no apparent ‘gatekeepers’, meaning there isn’t something or someone able to stop any particular person or thing from using it or limiting access to it. For example, Bitcoin is permissionless because anyone can use its features.In the…
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Cypherpunk A succinct definition of Cypherpunk CypherpunkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCYPHERPUNKCopy linkShare on TwitterShare on FacebookShare on LinkedinCypherpunkThe term ‘cypherpunk’ refers to a movement and ideology focused on using cryptography and privacy-enhancing technologies to promote individual freedom and privacy. Cypherpunks believe in the right to personal privacy, especially in the digital age, and advocate for the use of encryption to prot…
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Faucet A succinct definition of Faucet FaucetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFAUCETCopy linkShare on TwitterShare on FacebookShare on LinkedinFaucetA faucet is an effortless way for users to earn cryptocurrency that doesn’t require any technical skills or purchasing of digital assets. It incentivises users to use a particular cryptocurrency, where users perform various tasks like completing a captcha or viewing an ad, and, in turn, they receive a small amount o…
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Nick Szabo A succinct definition of Nick Szabo Nick SzaboLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNICK SZABOCopy linkShare on TwitterShare on FacebookShare on LinkedinNick SzaboNick Szabo is a cryptographer and computer scientist well known for creating Bit Gold, a predecessor to Bitcoin. Having created Bit Gold, Szabo is considered by many to be Satoshi Nakamoto, the creator of Bitcoin. However, Szabo has denied these claims several times.Szabo is also known as the inven…
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Cryptocurrency A succinct definition of Cryptocurrency CryptocurrencyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCYCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrencyA cryptocurrency is a digital or virtual currency in which all peer-to-peer (P2P) transactions are verified and recorded using cryptography, making it very difficult to counterfeit or hack. Cryptocurrencies are built to enable a decentralised financial (DeFi) system where anyone…
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