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The Role of Game Theory in Blockchain Consensus Mechanisms
12.10.2024
Blockchain technology has garnered significant attention in recent years, primarily due to its decentralized nature and potential to revolutionize industries […]
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Blockchain for a Better Planet: CEO Sunny Lu Explains How Vechain (VET) is Fighting the Climate Crisis – Next Big Trend?
27.10.2023
As the crypto industry pushes the limits of blockchain, the constant pursuit of innovation and sustainability takes center stage, with various consensus mechanisms vying for the spotlight, among them, Proof of Authority (PoA), employed by Vechain, emerges as a growing alternative, challenging...
Deciphering the Differences Between Proof-of-Stake and Proof-of-Work
17.9.2023
As cryptocurrencies continue to evolve, two key consensus mechanisms have emerged for validating transactions on the blockchain: proof-of-work (PoW) and proof-of-stake (PoS). This explainer will examine how these protocols differ and the unique benefits and drawbacks of each. Consensus Mechanisms...
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...
Ethereum Co-Founder Vitalik Buterin Discusses Bitcoin’s Long-Term Security
4.9.2022
On September 1, Vitalik Buterin conducted an interview with the economics author Noah Smith and the co-founder of Ethereum spoke an awful lot about Bitcoin and the network’s long-term security. Buterin also discussed the crypto economy’s crash and he insisted he was “surprised...
Youtube Seeks Web3 Director With Experience Trading Crypto, According to Recent Job Listing
16.2.2022
Youtube, the online video sharing and social media platform owned by Google, is hiring a director to work with Web3 technology, according to a job listing published on Linkedin. While Youtube requires 15 years of product management experience, the company prefers a candidate that is familiar with...
White House Backs Crypto Tax Amendment Endorsing Proof-of-Work in Infrastructure Bill
6.8.2021
The White House has endorsed an amendment to the $1 trillion Infrastructure bill that supports proof-of-work over all other consensus mechanisms. However, the crypto community is supporting a different amendment. White House Takes Stance on Infrastructure Bill’s Crypto Tax Amendment The White...
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...