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Ethereum’s Prague/Electra Upgrade: What to Know About ‘Pectra’ The Prague/Electra upgrade, ‘Pectra’ for short, is slated for May 2025 and set to be a transformative milestone for Ethereum. Here’s what to expect. Ethereum’s Prague/Electra Upgrade: What to Know About ‘Pectra’Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum1 May 2025|BEGINNERS|6 MIN READEthereum’s Prague/Electra Upgrade: What to Know About ‘Pectra’The Prague/Electra upgrade, ‘Pec…
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Ethereum vs Ethereum Classic — What Is the Difference? They may share the name, but Ethereum and Ethereum Classic are different in many ways. Here’s a comparison of both chains. Ethereum vs Ethereum Classic — What Is the Difference?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum5 May 2023|INTERMEDIATE|6 MIN READEthereum vs Ethereum Classic — What Is the Difference?They may share the name, but Ethereum and Ethereum Classic are different in many ways. Here’s a…
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What Is the Ethereum Merge? The Ethereum Merge is one of the most anticipated events in crypto history. Learn more about what it is, why it’s needed — and challenges The Merge might face. What Is the Ethereum Merge?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum14 Sep 2022|INTERMEDIATE|5 MIN READWhat Is the Ethereum Merge?The Ethereum Merge is one of the most anticipated events in crypto history. Learn more about what it is, why it’s needed — and challenges Th…
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What Is the Ethereum Merge? The Ethereum Merge is one of the most anticipated events in crypto history. Learn more about what it is, why it’s needed — and challenges The Merge might face. What Is the Ethereum Merge?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum14 Sep 2022|INTERMEDIATE|5 MIN READWhat Is the Ethereum Merge?The Ethereum Merge is one of the most anticipated events in crypto history. Learn more about what it is, why it’s needed — and challenges Th…
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…Unlike Proof of Work (PoW) blockchains like Bitcoin, which consume substantial energy for mining, Cardano was one of the first cryptocurrencies to employ a Proof of Stake (PoS) consensus mechanism, which significantly reduces energy consumption by eliminating the need for resource-intensive mining computations like with PoW. Nowadays, a large number of other blockchains also rely on PoS or other environmentally friendly consensus mechanisms, but the green image has stuck to Cardano as a pionee…
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…This means they could lose some or all of the ETH they’ve staked while still not accomplishing the goal of overtaking the system. Learn more about how Bitcoin and Ethereum’s underlying consensus mechanisms work. 5. Price Volatility One of the primary things to consider with Bitcoin and Ethereum is price volatility (how much the price tends to swing up and down in the crypto market). Depending on a trader’s risk tolerance and trading strategy, they might see greater or lesser volatility as …
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…Other forms of consensus mechanisms include Proof of Stake (PoS), Proof of Burn (PoB), and Proof of Authority (PoA). These mechanisms make a network Byzantine Fault Tolerant (BFT).Key TakeawayThe Byzantine Generals Problem is a challenge that arises when trying to maintain security and consensus on a distributed network.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the…
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…Bitcoin solves this issue with sound consensus mechanisms, including requiring each node to work independently and having a decentralised public ledger that allows anyone to review transactions. Tampering with the system would require majority control of full nodes (a 51% attack) and precise manipulation of blocks to ensure consistency. A further protection is that Bitcoin has no central authority, relying instead on a distributed network of nodes. For example, when consumers use a credit card…
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…Bitcoin solves this issue with sound consensus mechanisms, including requiring each node to work independently and having a decentralised public ledger that allows anyone to review transactions. Tampering with the system would require majority control of full nodes (a 51% attack) and precise manipulation of blocks to ensure consistency. A further protection is that Bitcoin has no central authority, relying instead on a distributed network of nodes. For example, when consumers use a credit card…
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…As DOGE increased in value and more transactions were processed on its blockchain, there wasn’t enough hashrate to protect the network from cyberattacks. This vulnerability inspired Litecoin founder Charlie Lee to propose ‘merged mining’, which allows miners to simultaneously secure Litecoin and Dogecoin without compromising performance, since both protocols share the Scrypt hashing algorithm. The proposal was fiercely debated by Dogecoin’s community but ultimately accepted in 2014, …
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