The consensus mechanism is a vital component of blockchain technology. It has been around for quite some time, as a backbone for transactions: ensuring that participants in a blockchain network reach an agreement about the present state of data in the network. However, little is known of its history and this article will provide a bit of historical insight.The History of Blockchain’s Consensus MechanismThe consensus mechanism was developed to solve the problem of ‘double spending’ common with...

The consensus mechanism is a vital component of blockchain technology. It has been around for quite some time, as a backbone for transactions: ensuring that participants in a blockchain network reach an agreement about the present state of data in the network. However, little is known of its history and this article will provide a bit of historical insight.The History of Blockchain’s Consensus MechanismThe consensus mechanism was developed to solve the problem of ‘double spending’ common with...

As the Web3 space continues to expand, decentralized, accurate data becomes increasingly difficult for the public to access. This lack of access to trustless data results in significant scalability issues and dangerous data inconsistencies due to the lack of proper validation before use. KYVE is revolutionizing decentralized data validation, immutability, and retrieval to address these challenges. Who Are We Dealing With KYVE is a PoS Layer 1 blockchain built with the Cosmos SDK that offers f...

As the Web3 space continues to expand, decentralized, accurate data becomes increasingly difficult for the public to access. This lack of access to trustless data results in significant scalability issues and dangerous data inconsistencies due to the lack of proper validation before use. KYVE is revolutionizing decentralized data validation, immutability, and retrieval to address these challenges. Who Are We Dealing With KYVE is a PoS Layer 1 blockchain built with the Cosmos SDK that offers f...

What You Have To Know About Blockchain Technology A blockchain is a type of distributed ledger that maintains a continuously growing list of records, called blocks. Each block contains information about the previous block, which connects the chain in chronological order. It is a distributed database that can be used to store a list of records, with each record containing information about the previous one. Blocks are linked together to create a chain, which creates trust in the system because...

What You Have To Know About Blockchain Technology A blockchain is a type of distributed ledger that maintains a continuously growing list of records, called blocks. Each block contains information about the previous block, which connects the chain in chronological order. It is a distributed database that can be used to store a list of records, with each record containing information about the previous one. Blocks are linked together to create a chain, which creates trust in the system because...

A consensus mechanism is essential to the function of Blockchain technology. It is responsible for building a secure and trustworthy blockchain network. But what exactly is a consensus mechanism and how does it work? This article seeks to shed more light on how the procedure works. Let’s get right into it!What is a Consensus Mechanism?Let’s start by defining what consensus means with an example. A family of six unanimously decides to order pizza for dinner. Reaching this decision is referred ...

A consensus mechanism is essential to the function of Blockchain technology. It is responsible for building a secure and trustworthy blockchain network. But what exactly is a consensus mechanism and how does it work? This article seeks to shed more light on how the procedure works. Let’s get right into it!What is a Consensus Mechanism?Let’s start by defining what consensus means with an example. A family of six unanimously decides to order pizza for dinner. Reaching this decision is referred ...

Bitcoin and Ethereum are the most popular cryptocurrencies in the world today. Created from blockchain technology, both cryptos have greatly contributed to the growth of the industry more than any of the over 12,000 cryptocurrencies in the world today. Bitcoin has the highest market value, and Ethereum follows as the second most valuable crypto. However, apart from the attention paid to their weight, not so much attention is paid to the history of these cryptos. We hope this article will reve...

Bitcoin and Ethereum are the most popular cryptocurrencies in the world today. Created from blockchain technology, both cryptos have greatly contributed to the growth of the industry more than any of the over 12,000 cryptocurrencies in the world today. Bitcoin has the highest market value, and Ethereum follows as the second most valuable crypto. However, apart from the attention paid to their weight, not so much attention is paid to the history of these cryptos. We hope this article will reve...

Proof of Stake (PoS) is a consensus mechanism protocol that chooses validators based on the value of their holdings. This algorithm encourages participants to have a “stake” in the success of the blockchain network. This is altogether different from Proof of Work’s (PoW) which was the first sensation down history lane. Here’s the case for staking and why Proof of Stake was introduced.The Case for StakingProof of Work, as its name implies, required that miners solve a complex mathematical equa...

Proof of Stake (PoS) is a consensus mechanism protocol that chooses validators based on the value of their holdings. This algorithm encourages participants to have a “stake” in the success of the blockchain network. This is altogether different from Proof of Work’s (PoW) which was the first sensation down history lane. Here’s the case for staking and why Proof of Stake was introduced.The Case for StakingProof of Work, as its name implies, required that miners solve a complex mathematical equa...

Web 3.0, more commonly referred to as Web 3 has been widely touted as the future of the internet. It’s said to be based on next-gen tech that will put control in the hands of the masses rather than large corporations. If you’re reading this and wondering what Web 3 is and why it’s causing a lot of stir, you’re not alone. A lot of people have been trying to understand the concept, its features, and how that may affect everything. That’s what this article seeks to show.So, What is Web3?Web 3 is...

Web 3.0, more commonly referred to as Web 3 has been widely touted as the future of the internet. It’s said to be based on next-gen tech that will put control in the hands of the masses rather than large corporations. If you’re reading this and wondering what Web 3 is and why it’s causing a lot of stir, you’re not alone. A lot of people have been trying to understand the concept, its features, and how that may affect everything. That’s what this article seeks to show.So, What is Web3?Web 3 is...

Web3 is the revolutionary change that has come to the internet. As many already call it, it’s the future of the internet, but can we truly understand the fullness of Web3 if we don’t consider its roots and what happened to Web1 and Web2?History of Web3: Web1, Web2, and the need for Web3The names Web1 and Web2 are simply used to imply different phases in the history of the world wide Web.Web1Web1 refers to a time from 1991 to 2004, the era of read-only pages completely different from what we h...

Web3 is the revolutionary change that has come to the internet. As many already call it, it’s the future of the internet, but can we truly understand the fullness of Web3 if we don’t consider its roots and what happened to Web1 and Web2?History of Web3: Web1, Web2, and the need for Web3The names Web1 and Web2 are simply used to imply different phases in the history of the world wide Web.Web1Web1 refers to a time from 1991 to 2004, the era of read-only pages completely different from what we h...

Blockchain technology is driven by several critical mechanisms. One of these is staking and delegating. However, to properly understand these two concepts, it’s important to understand the Proof of Stake (PoS) mechanism better. The Proof of Stake mechanism is a consensus mechanism algorithm that requires the participation node (miner) to stake tokens for continued participation in the network. It then rewards miners with mining power depending on the total stake amount. PoS is a low-energy ap...

Blockchain technology is driven by several critical mechanisms. One of these is staking and delegating. However, to properly understand these two concepts, it’s important to understand the Proof of Stake (PoS) mechanism better. The Proof of Stake mechanism is a consensus mechanism algorithm that requires the participation node (miner) to stake tokens for continued participation in the network. It then rewards miners with mining power depending on the total stake amount. PoS is a low-energy ap...

Bitcoin and Ethereum: An Introduction Cryptocurrencies are well-known alternatives to traditional currency, and Bitcoin and Ethereum are two of the most popular cryptocurrencies. Although both are often mentioned in the same breath, they’re birthed from the same distributed ledger tech named blockchain. Yet, Bitcoin and Ethereum are not as similar as many people think. So, what’s the difference between these cryptos, and how can you as an investor (or potential one) take advantage of either o...

Bitcoin and Ethereum: An Introduction Cryptocurrencies are well-known alternatives to traditional currency, and Bitcoin and Ethereum are two of the most popular cryptocurrencies. Although both are often mentioned in the same breath, they’re birthed from the same distributed ledger tech named blockchain. Yet, Bitcoin and Ethereum are not as similar as many people think. So, what’s the difference between these cryptos, and how can you as an investor (or potential one) take advantage of either o...

An Example with NYM projectConcerned about your privacy? Traditionally used VPNs may hide your precise IP address but don’t offer any protection against powerful network adversaries. And that’s where NYM comes in.What is NYM, and How Does it Work?Nym is a blockchain aiming to provide privacy for internet traffic. When you share things on the internet, your data is not encrypted, allowing any application to analyze your information. The decentralized NYM mix-net uses blockchain technology and ...

An Example with NYM projectConcerned about your privacy? Traditionally used VPNs may hide your precise IP address but don’t offer any protection against powerful network adversaries. And that’s where NYM comes in.What is NYM, and How Does it Work?Nym is a blockchain aiming to provide privacy for internet traffic. When you share things on the internet, your data is not encrypted, allowing any application to analyze your information. The decentralized NYM mix-net uses blockchain technology and ...

What You Have to Know About Nodes in Blockchain Part 1A node is an essential part of the blockchain. It’s an electronic device, mostly a computer, that monitors the network, validating transactions and securing them. To understand this better, we must realize that a blockchain, a decentralized network, can’t keep data and transactions in one central storage space. The idea behind this technology is to store it without any central authority but to continue somehow to validate transactions. Thi...

What You Have to Know About Nodes in Blockchain Part 1A node is an essential part of the blockchain. It’s an electronic device, mostly a computer, that monitors the network, validating transactions and securing them. To understand this better, we must realize that a blockchain, a decentralized network, can’t keep data and transactions in one central storage space. The idea behind this technology is to store it without any central authority but to continue somehow to validate transactions. Thi...