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Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality
12.9.2024
Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of...
Io.net partners to launch world-first proof-of-AI
29.8.2024
io.net collaborates with FLock.io to introduce PoAI, a consensus mechanism designed to ensure integrity and scalability in decentralized AI networks
Canto chain targets fix amid 33-hour outage caused by consensus issue
12.8.2024
The Canto blockchain has been down for over a day, and the team has scheduled an upgrade to fix the issue for Aug. 12
Delegated proof-of-stake (DPoS), explained
25.6.2024
Learn how delegated proof-of-stake (DPoS) brings a democratic evolution in blockchain consensus mechanisms
9 factors to consider when choosing a blockchain consensus mechanism
10.10.2023
Both broad and narrow considerations come into play when choosing a blockchain project’s consensus mechanism
Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause
12.5.2023
Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally. Ethereum Network Experiences...
Blockchain Consensus Mechanisms and Their Role in Sustainable Blockchain Development
9.10.2022
Gwendolyn Regina is Investment Director at BNB Chain, the blockchain developed by major crypto exchange Binance.__________
Blockchain sustainability has become essential. As the technology scales, new blockchains must be green.
You might have heard the saying, “Bitcoin uses more electricity than...
The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work
16.9.2022
At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of the largest crypto coins by valuation, only six use PoW...
Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge
20.8.2022
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings...
Inside the blockchain developer’s mind: Proof-of-burn blockchain consensus
19.12.2021
Gaining a deeper understanding of a popular — but, meanwhile, widely misunderstood — concept in blockchain technology: the consensus algorithm
Inside the blockchain developer’s mind: Proof-of-stake blockchain consensus
12.12.2021
Gaining a deeper understanding of a popular — but widely misunderstood — concept in blockchain technology: the consensus algorithm
Inside the blockchain developer’s mind: Blockchain consensus, Part 1
5.12.2021
Gaining a deeper understanding of a popular — but meanwhile widely misunderstood — concept in blockchain technology: the consensus algorithm
As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
5.7.2021
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin...
IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games
16.11.2020
The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games
A History of Blockchain Consensus Mechanisms
26.11.2019
The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, its original consensus mechanism – Proof of Work (PoW) – has been emulated and iterated...
NULS Teams up With Consensus Labs
18.5.2019
NULS, a global open-source and community driven blockchain infrastructure for customizable services, has added Consensus Labs to its ecosystem. By joining the NULS principal network, Consensus Lab has initiated a chain building and cross-chain investment layout that will enable the NULS ecosystem...
NEO Blockchain Unveils NEO EcoBoost Funding For The NEO Ecosystem At Consensus 2019
16.5.2019
Consensus 2019, held in New York, is one of the most awaited events of the crypto industry. Many exciting announcements have been made since the inauguration on 13th May, and the event will be concluded on Thursday, the 16th. The announcement coming out of the NEO Blockchain states that it...
Pfizer Executive: Technology Is ‘Basically Good Enough’ to Ramp Up Production Blockchains
14.5.2019
A Pfizer executive has challenged existing theories about slow rates of blockchain adoption
A (Short) Guide to Blockchain Consensus Protocols
4.3.2017
Bitcoin's consensus mechanism is great, but it isn't perfect. This article looks at some of the more viable public blockchain alternatives