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What Is Crypto Mining? Mining used to be about precious metals, but it has acquired a new meaning. In this article, learn about crypto mining and how it works. What Is Crypto Mining?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain16 Dec 2022|INTERMEDIATE|7 MIN READWhat Is Crypto Mining?Mining used to be about precious metals, but it has acquired a new meaning. In this article, learn about crypto mining and how it works. Key Takeaways: Mining, in the crypto lexicon,…
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Pectra A succinct definition of Pectra PectraLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPECTRACopy linkShare on TwitterShare on FacebookShare on LinkedinPectraThe Ethereum Prague/Electra upgrade, ‘Pectra’ for short, will introduce significant scalability improvements to Ethereum, merging two previously planned upgrades — Prague and Electra — and introducing a range of Ethereum Improvement Proposals (EIPs) aimed at improving the network’s efficiency, security, and …
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Impossible Trinity A succinct definition of Impossible Trinity Impossible TrinityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYIMPOSSIBLE TRINITYCopy linkShare on TwitterShare on FacebookShare on LinkedinImpossible TrinityThe Impossible Trinity, also known as blockchain trilemma, is one of the greatest hurdles for cryptocurrency. It states that blockchains can only simultaneously achieve two out of either decentralisation, scalability, or security — but never all three.Scala…
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RPC A succinct definition of RPC RPCLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRPCCopy linkShare on TwitterShare on FacebookShare on LinkedinRPCRemote Procedure Call, also known simply as RPC, plays a crucial role in the functioning of many cryptocurrencies, including Ethereum. It refers to a communication protocol that allows a programme (like a wallet or node) to efficiently request services from another programme or server over a network, typically the internet.In a cryp…
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Block Reward A succinct definition of Block Reward Block RewardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCK REWARDCopy linkShare on TwitterShare on FacebookShare on LinkedinBlock RewardA block reward is a form of incentive provided to participants in a blockchain network, typically miners or validators, for successfully adding a new block to the blockchain through the consensus process. This reward serves as a motivation for participants to contribute their computationa…
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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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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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Node A succinct definition of Node NodeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNODECopy linkShare on TwitterShare on FacebookShare on LinkedinNodeIn decentralised systems and blockchain technology, a node refers to a computer or device that participates in the network by maintaining a copy of the blockchain and validating transactions. Nodes play a crucial role in the functioning of decentralised networks, such as cryptocurrencies. They store a complete copy of the bloc…
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XRP A succinct definition of XRP XRPLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYXRPCopy linkShare on TwitterShare on FacebookShare on LinkedinXRPCreated by US-based technology company Ripple Labs Inc. (Ripple Labs), XRP is the native cryptocurrency of XRP Ledger (XRPL), an open-source, decentralised public blockchain. XRP and the XRP Ledger were launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto as an alternative to Bitcoin, with the goal of creating a digita…
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Candidate Block A succinct definition of Candidate Block Candidate BlockLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCANDIDATE BLOCKCopy linkShare on TwitterShare on FacebookShare on LinkedinCandidate BlockIn blockchain, a ‘candidate block’ typically refers to a block that has been proposed by a participant in the network and is undergoing the process of verification and consensus before being added to the blockchain.The term ‘candidate block’ emphasises the transitio…
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