BINANCE:ETHUSDT Before Ethereum merge lets dive in little bit in fundamentals At the core of each cryptocurrency is a network of computers that helps keep software safe from hackers and controls how many new units can be made available. The consensus mechanism is the name for this set of rules. Proof of Work (PoW) and Proof of Stake (PoS) are the two most...
Hey, Alkalites! If you want to invest in cryptocurrencies and know how to recognize long-term opportunities, you should start learning the technology behind them. Do you know what a consensus mechanism is? Consensus decision-making is a process in which group members agree to support a decision in the best interest of the whole. In other words, this...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Today, we thought we would explore the different consensus mechanisms that form the backbone of the underlying Blockchain technology. We have attempted to briefly cover the following: Proof of Work ...