The Value of Proof-of-Work

A Proof-of-Work or PoW is a consensus algorithm in a blockchain network which is used to confirm transactions and produce new blocks to the chain. Users on the network send each other digital tokens where the decentralized ledger consolidates all the transactions into blocks. Confirming transactions and arranging blocks is a responsibility borne by special... Continue Reading →

Smart Contract Platforms

Smart Contracts have been all the rage ever since they first appeared on the radar of techies around the world. They were both very exciting and quite mysterious as a lot of their potential hadn’t been tapped into. This made them a mainstay on thousands of tech, especially crypto, forums all over the world. But... Continue Reading →

Lightning’s Security Model

The Lightning Network was conceived with the idea of solving the scalability issues associated with Bitcoin transactions. The fundamental idea behind the Lightning Network is to make small and everyday transactions don't have to be stored on the blockchain. This is also called the 'off-chain approach.' In a scenario where someone wants to pay for... Continue Reading →

Why Running a Node is Important.

Nodes are storage devices that are connected to the internet and store all transaction data right from the start, as a chain of information. This chain of information is known as the blockchain. Nodes send transaction information from the user to the miner and also store the same on the blockchain. They check every transaction,... Continue Reading →

State of Massachusetts warming up to Blockchain Industry

As Western U.S. states embrace the blockchain revolution with even Congress inching closer towards crypto-friendly regulation, Massachusetts’ chief of securities has launched a new working group in the Commonwealth of Massachusetts to clear up some of the murky regulation for blockchain innovators. Regulators in the state haven’t made it easy for blockchain entrepreneurs. Bitcoin and... Continue Reading →

How do Smart Contracts Work?

What is a Smart Contract? A smart contract can be described as a protocol based on a computer code that is intended to digitally facilitate, verify and/or enforce the negotiation or performance of a contract on the parties to the transaction. Transactions that take place via smart contracts are trackable, irreversible and enforceable without the... Continue Reading →

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