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…What Is Polkadot (DOT)?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins4 Oct 2023|BEGINNERS|1 MIN READWhat Is Polkadot (DOT)?Learn about one of the key multichain networks in the crypto space and how it addresses scalability and interoperability issues — plus how to use its governance token, DOT. Key Takeaways: Polkadot is a multichain network designed to address scalability and interoperability issues in traditional blockchain networks by enabling seamless communica…
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…Learn all its fundamentals here.Key Takeaways Known for its scalability, speed, and low transaction costs, Solana (SOL) is a high-performance blockchain platform aiming to address the limitations of existing blockchains with a unique consensus mechanism called Proof of History (PoH). It supports decentralised applications (dapps) across decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and meme coins. The Solana Program Library (SPL) provides developers with modular, parallelised…
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…Ethereum’s ERC-20 token standard has made launching blockchain projects much easier. While Ethereum continues to evolve, one of its most significant upgrades to date was The Merge, which took place on 15 September 2022, when Ethereum shifted from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). This immediately reduced network energy consumption by an estimated 99.95% while preparing the ecosystem for subsequent scalability upgrades. Check out ETH’s current value and recent…
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…Proof of Reputable Observations (PRO) A succinct definition of Proof of Reputable Observations (PRO) Proof of Reputable Observations (PRO)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF REPUTABLE OBSERVATIONS (PRO)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Reputable Observations (PRO)Proof of Reputable Observations (PRO) is a consensus mechanism introduced by the Constellation Network, a distributed ledger on a directed acyclic graph (DAG). In P…
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…Proof of Work (PoW) A succinct definition of Proof of Work (PoW) Proof of Work (PoW)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF WORK (POW)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Work (PoW)The Proof of Work (PoW) consensus mechanism is a method of validating transactions, which requires miners to solve complex mathematical problems to add new blocks to the blockchain. Used by Bitcoin and many other public blockchains, PoW — the original …
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…The platform continues to refine its ecosystem to make it more accessible and efficient for developers and users alike. Check out Polkadot’s current value and recent price trends. Ecosystem Comparison: SOL vs DOT Solana and Polkadot’s Consensus Mechanisms Solana’s consensus mechanism combines Proof of Stake (PoS) with its signature Proof of History (PoH) to maximise transaction efficiency, where validators vote on whether new blocks contain verified transactions that should be added to the…
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…Since then, an endless stream of meme coins have followed, featuring dogs, cats, celebrities, and more, but DOGE has withstood all of these to remain the top meme coin by market cap. While DOGE hasn’t seen a major technological upgrade since 2015, its community-driven appeal has kept it relevant, continuing to dominate social media conversations and setting the benchmark for meme coins. Both Bitcoin and Dogecoin enjoy their status as originals in their respective niches, but how do they compar…
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…Some PoS networks require a minimum amount to stake, and others may take into consideration the staking period, as well. A type of consensus mechanism, PoS is seen as a more sustainable and environmentally friendly alternative to Proof of Work (PoW) in validating cryptocurrency transactions. It is also more secure against 51% attacks. However, as the system favours entities with a higher number of tokens, PoS has drawn criticism for its potential to lead to centralisation. Examples of PoS con…
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…Who Is Ethereum Founder Vitalik Buterin? Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum20 Sep 2024|BEGINNERS|8 MIN READWho Is Ethereum Founder Vitalik Buterin? An overview of Ethereum founder Vitalik Buterin’s life and achievements, both in the cryptocurrency space and beyond. Key Takeaways: Vitalik Buterin is the co-founder of Ethereum, a revolutionary blockchain platform that introduced smart contracts and has been instrumental in the rise of decentralised fina…
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…Ver couldn’t placate him, and Bitcoin Cash was split into Bitcoin Cash ABC (BCHA) and the new Bitcoin SV (BSV). Check out Bitcoin Cash’s current value and recent price trends. Ecosystem Comparison: LTC and BCH Litecoin and Bitcoin Cash’s Consensus Mechanisms Litecoin utilises a Proof of Work (PoW) consensus mechanism using the Scrypt hashing algorithm, where miners compete to solve mathematical puzzles, with the winner earning the right to add a new block to the blockchain and claim a bloc…
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