Have you ever seen an advertisement for a landscaper, house painter, or some other tradesperson […]
What is Sharding?
The problem : As the number of transaction on a blockchain increases the transaction speed […]
Double Spending Problem and Blockchain Solution
Bitcoin, the world’s first blockchain, was created as part of an attempt to create theworld’s […]
Proof of Work vs. Proof of Stake
Proof of Work Proof of Stake Distributed consensus among untrusted and unidentifiable nodes Distributed consensus […]
What is Proof of Stake? (PoS)
The proof of stake was created as an alternative to the proof of work (PoW) concept, to […]
Byzantine Fault Tolerance
What is Byzantine Fault Tolerance?Byzantine Fault Tolerance(BFT) is the feature of a distributed network to […]
What are Nodes?
A blockchain exists out of blocks of data. These blocks of data are stored on nodes (compare […]
Blockchain Merkle Trees
The concept of a Merkle tree was proposed in the early ‘80s by Ralph Merkle […]
What is Nonce? (Number Only Used Once)
A nonce is an abbreviation for “number only used once,” which is a number added to […]
How are Bitcoins Mined?
Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network […]