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Proof of Work vs Proof of Stake Ever wonder what the difference between a PoS and PoW network is? Learn about the two most popular consensus mechanisms and how they work. Proof of Work vs Proof of StakeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain8 Nov 2023|BEGINNERS|5 MIN READProof of Work vs Proof of StakeEver wonder what the difference between a PoS and PoW network is? Learn about the two most popular consensus mechanisms and how they work. Key Takeaways: Proof…
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What Is Sharding? Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works. What Is Sharding?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain30 Jun 2023|INTERMEDIATE|3 MIN READWhat Is Sharding?Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works. Key Takeaways: Sharding is a technique used in blockchain to enhance scalability and transaction speed by dividing the netwo…
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Public Chain A succinct definition of Public Chain Public ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPUBLIC CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPublic ChainOn a public blockchain, anyone is free to join, and there are no restrictions when it comes to participating. It is a decentralised system in which no single entity controls the network. Instead, all users within a public chain have equal rights. This includes access to read the ledger, a…
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Cryptocurrency Exchange A succinct definition of Cryptocurrency Exchange Cryptocurrency ExchangeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCY EXCHANGECopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrency ExchangeCryptocurrency exchanges are online platforms or intermediaries used to trade digital assets. In comparison with traditional exchanges, which are centralised entities, cryptocurrency exchanges can either be a centralised exchange (CEX…
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Staking A succinct definition of Staking StakingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTAKINGCopy linkShare on TwitterShare on FacebookShare on LinkedinStakingUsers who stake (provide funds) are ‘locking up’ their funds by depositing them onto the blockchain, which allows for it to be secure and functional. Typically, users who stake to a blockchain network earn a reward for helping to secure the network.Staking is a very common practise with blockchains that use t…
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What Is a Bitcoin Node? | Crypto.com Uncovering the importance of nodes in making Bitcoin the future of money. What Is a Bitcoin Node? | Crypto.comLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyWhat Is a Bitcoin Node? | Crypto.comUncovering the importance of nodes in making Bitcoin the future of money. Key Takeaways Essential to the Bitcoin network, nodes validate transactions, maintain the blockchain, and uphold the cryptocurrency’s decentralised nature. Several node types, from ful…
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Proof of Stake (PoS) A succinct definition of Proof of Stake (PoS) Proof of Stake (PoS)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF STAKE (POS)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Stake (PoS)In a Proof of Stake (PoS) system, validators are required to pledge a ‘stake’ of digital currency for the chance to be randomly chosen to validate transactions. They are selected based on the number of tokens they hold, a process not unlike a lo…
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Altcoin A succinct definition of Altcoin AltcoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYALTCOINCopy linkShare on TwitterShare on FacebookShare on LinkedinAltcoinA combination of ‘alternative’ and ‘coin’, the word ‘altcoin’ is used to describe any cryptocurrency that is not Bitcoin. This term formed with the idea that Bitcoin is the original cryptocurrency, and all other types of cryptocurrencies are alternative coins. The first-ever altcoin was Namecoin (NMC)…
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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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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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