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Ethereum: The Merge The Merge is finally complete. Energy consumption is expected to drop by 99.95%. It will not reduce gas fees or increase transaction speeds. More upgrades are incoming. Ethereum: The MergeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompany19 Sep 2022|RESEARCHEthereum: The MergeThe Merge is finally complete. Energy consumption is expected to drop by 99.95%. It will not reduce gas fees or increase transaction speeds. More upgrades are incoming. Research Disclaimer Crypto.…
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Metadata A succinct definition of Metadata MetadataLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMETADATACopy linkShare on TwitterShare on FacebookShare on LinkedinMetadata‘Metadata’ refers to data that provides information about other data within a blockchain network, which includes various types of supplementary information that helps describe, manage, and track the primary data (transactions, blocks, user information, smart contracts, etc.).For transactions, metadata pr…
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Fraud Proof A succinct definition of Fraud Proof Fraud ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFRAUD PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinFraud ProofA fraud proof in blockchain is a cryptographic mechanism used to detect and prove malicious or incorrect activity within a blockchain or Layer-2 scaling solution. It allows for the identification of invalid transactions or blocks, ensuring that misbehaviour can be caught and corrected if verif…
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Cryptographic Proof A succinct definition of Cryptographic Proof Cryptographic ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOGRAPHIC PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptographic ProofCryptographic proof refers to the use of cryptographic techniques to provide evidence or verification of the authenticity, integrity, and validity of data or transactions. In the context of cryptocurrencies and blockchain technology, cryptographic proofs…
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Proof of Capacity A succinct definition of Proof of Capacity Proof of CapacityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF CAPACITYCopy linkShare on TwitterShare on FacebookShare on LinkedinProof of CapacityIn Proof of Capacity (PoC), occasionally referred to as Proof of Space (PoSpace), network participants temporarily provide storage space on their hard drives in a bid to verify transactions and mine new blocks. While this process requires large amounts of data st…
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Proof of Authority (PoA) A succinct definition of Proof of Authority (PoA) Proof of Authority (PoA)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF AUTHORITY (POA)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Authority (PoA)Consensus mechanisms are used by blockchains in order to validate cryptocurrency transactions and secure the network. Proof of Authority (PoA) is one such mechanism. Note that both the Proof of Authority and Proof of Activity con…
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Proof of Activity (PoA) A succinct definition of Proof of Activity (PoA) Proof of Activity (PoA)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF ACTIVITY (POA)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Activity (PoA)Not to be confused with Proof of Authority (also PoA), the Proof of Activity (PoA) consensus mechanism is a combination of Proof of Work (PoW) and Proof of Stake (PoS). In short, this hybrid algorithm uses a PoW mining process to gene…
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Zero-Knowledge Proof A succinct definition of Zero-Knowledge Proof Zero-Knowledge ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZERO-KNOWLEDGE PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinZero-Knowledge ProofA Zero-Knowledge (ZK) proof is a method of authentication where one user can prove the authenticity of certain information without conveying any extra information. In short, a ZK proof allows private information to be kept private during an exchange…
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Proof of Replication (PoRep) A succinct definition of Proof of Replication (PoRep) Proof of Replication (PoRep)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF REPLICATION (POREP)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Replication (PoRep)Proof of Replication (PoRep) is a proof system used to demonstrate the dedication of unique resources to storing replicas of a data file.PoRep is often used by projects in the decentralised storage space, wher…
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Proof of Burn (PoB) A succinct definition of Proof of Burn (PoB) Proof of Burn (PoB)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF BURN (POB)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Burn (PoB)Proof of Burn (PoB) is a consensus mechanism that uses less energy consumption than Proof of Work (PoW). The concept behind PoB requires miners to ‘burn’ a portion of their digital currencies for the chance to mine a new block.In PoB, miners send tok…
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