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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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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 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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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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Delegated Proof of Stake (DPoS) A succinct definition of Delegated Proof of Stake (DPoS) Delegated Proof of Stake (DPoS)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDELEGATED PROOF OF STAKE (DPOS)Copy linkShare on TwitterShare on FacebookShare on LinkedinDelegated Proof of Stake (DPoS)In Delegated Proof of Stake (DPoS), users vote in delegates, also known as validators, to verify and produce blocks. After successfully producing a block, validators may then distribute their bl…
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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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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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