proof of stake

Decentralization is one of the most interesting features that blockchain introduced. With this feature, no member or entity can single-handedly validate changes. Rather, there ought to be an agreement amongst the majority before this change is committed to a block. This is what we refer to as consensus. It is what creates a distinction between blockchains and standard databases. And the manner in which consensus is realized goes a long way in determining scalability, speed, …

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proof of work

Blockchain technology, which comprises of many facets like Bitcoin and Proof-of-Work, can be quite challenging to comprehend. This is so because the major concepts are mainly absorbed in the complexities involved. In this article, you will find a detailed look into all that’s there to be known. One of the most important innovations that Satoshi, the creator of Bitcoin, introduced us to is Proof-of-Work (PoW). This is not entirely a fresh idea, but the manner …

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Proof-of-Authority (PoA)

what is proof of authority

Blockchain technology is one of the most important innovations of our time. The digital ledger records transactions across many computers to ensure a single record is not altered retroactively without altering subsequent blocks. Decentralization would not be possible without consensus algorithms. One of such algorithms is Proof of Authority (PoA). What does it do, how does it work, and what makes it different? Here is a detailed look into all that you need to know. …

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Cryptocurrencies & Taxes: The Situation In 2019


The explosion of virtual currencies in 2017 is still fresh in our minds. Ever since even until now many countries are now showing so much interest in this new way of storing value. Governments of different nations are taking the issue of regulation seriously more than ever before. Over the previous few years into 2019, cryptocurrencies such as Bitcoin have grown in popularity. This increased popularity leads to more attention being paid to the asset …

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Is It Worth Buying Bitcoin Cash & Litecoin?


One fact that remains undisputed is that Bitcoin is the father of cryptocurrencies. It has established its roots so strongly that the other more than 1600 cryptos in existence today appear to be a joke. The ones that are in close competition to this crypto are Ethereum and Ripple/XRP, which are an equally viable investment option. What of Bitcoin Cash and Litecoin? Can they really make a good investment? This article seeks to find that …

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Ripple & Buying XRP – Is It worth It?


Ripple’s performance in 2017 and 2018 was extremely impressive. This encouraged investors to jump on board as they sought to cash in on the profits. But one question that remains unanswered in 2019 is whether or not this is still a viable investment to make. To begin with, before you can make the decision to invest in Ripple or any other crypto, it is paramount that you conduct detailed personal research. Doing so helps you …

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Cryptocurrencies vs. Fiat Money


Since the onset of civilizations, human beings have always looked for a medium of exchange. There was a time when we used to exchange goods for other goods but that system was soon found to be inefficient. Soon, some cultures adopted shells as a medium of exchange. A certain value would be attached to the chosen medium. With advances in humanity, fiat money emerged. This has been used since then and proved to be quite …

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Cryptocurrency Regulations in 2019


The whole idea of cryptocurrencies was that they get to operate outside the scope of national regulation. The truth of the matter is that the transaction volumes, valuations, and user bases react on the basis of news regarding regulatory actions. The extent of this reaction is determined by how massive the regulatory action was. Scope of Regulations The idea that cryptos can be or ought to be regulated is met with mixed reactions. Even for …

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Ethereum Price & Developments In 2019


Ever since its introduction in July 2015, Ethereum has steadily grown to become the second most popular platform for smart contracts. It is possible to write on Ethereum code that can send money and also build applications that can be accessed from any part of the world. As the platform grows, its prizes also become stable. Most crypto asset speculators consider Ethereum to be one of Bitcoin’s competitors that rightfully deserves attention. Unlike BTC whose …

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How Blockchain & Cryptocurrency Crowdfunding Have Changed?


Crowdfunding is probably the most popular method of raising capital for a project through a large group of people, usually, a large number of people with significantly small amounts is the norm. It typically occurs through various Internet platforms and is commonly embraced for creative project financing, social entrepreneurship, indigent medical expenses, and start-ups. Blockchain-related startups use cryptocurrency crowdfunding by requesting some quantity of a cryptocurrency and sells new tokens to investors in return for …

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