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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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Hal Finney A succinct definition of Hal Finney Hal FinneyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHAL FINNEYCopy linkShare on TwitterShare on FacebookShare on LinkedinHal FinneyAfter Bitcoin’s creator, Satoshi Nakamoto, Hal Finney was the first person to run the Bitcoin software, having received the first Bitcoin transaction ever sent, which was from Nakamoto. This transaction, which took place on 12 January 2009, involved the transfer of 10 bitcoins from Nakamoto to Fi…
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Merkle Proof A succinct definition of Merkle Proof Merkle ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMERKLE PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinMerkle ProofA Merkle proof in blockchain is a cryptographic proof that allows someone to verify that a specific piece of data (such as a transaction) is included in a larger dataset (such as a block in the blockchain) without having to reveal or download the entire dataset. It leverages the propertie…
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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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Hashpower A succinct definition of Hashpower HashpowerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHPOWERCopy linkShare on TwitterShare on FacebookShare on LinkedinHashpowerHashpower, also known as hashrate, refers to the total computational power used in blockchain networks to solve cryptographic puzzles necessary for mining, processing, and validating transactions. It is a key metric in Proof of Work (PoW) blockchains like Bitcoin, where it helps secure the network and m…
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Hash A succinct definition of Hash HashLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHCopy linkShare on TwitterShare on FacebookShare on LinkedinHashIn the context of blockchain, a hash is the result of a cryptographic function that takes an input (or message) and produces a fixed-size string of characters, which is typically a hexadecimal number. The output, known as the hash value or hash digest, is unique to the specific input data. Even a small change in the input data …
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How Does Crypto Mining Work? Bitcoin Mining and More BTC is mined on a Proof of Work network — here’s how the process works in detail. How Does Crypto Mining Work? Bitcoin Mining and MoreLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin14 Jan 2025|INTERMEDIATE|6 MIN READHow Does Crypto Mining Work? Bitcoin Mining and MoreBTC is mined on a Proof of Work network — here’s how the process works in detail. Key Takeaways: Bitcoins are a cryptocurrency created through a…
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How Does Crypto Mining Work? Bitcoin Mining and More BTC is mined on a Proof of Work network — here’s how the process works in detail. How Does Crypto Mining Work? Bitcoin Mining and MoreLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin14 Jan 2025|INTERMEDIATE|6 MIN READHow Does Crypto Mining Work? Bitcoin Mining and MoreBTC is mined on a Proof of Work network — here’s how the process works in detail. Key Takeaways: Bitcoins are a cryptocurrency created through a…
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ZK-SNARK A succinct definition of ZK-SNARK ZK-SNARKLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZK-SNARKCopy linkShare on TwitterShare on FacebookShare on LinkedinZK-SNARKA ZK-SNARK, short for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, is a cryptographic technique used to prove possession of certain information without revealing that information itself. In the context of cryptocurrencies like Ethereum, ZK-SNARKs are used for privacy and scalability purpose…
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Cryptography A succinct definition of Cryptography CryptographyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOGRAPHYCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptographyCryptography provides a method for secure communication through sophisticated mathematical equations (algorithms) and, often, secret keys. Three main types of cryptographic algorithms include symmetric encryption, asymmetric encryption, and hash functions.In symmetric encryption, commonly…
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