WHAT PREFACED CRYPTOCURRENCY AND THE APPLICATION OF BLOCKCHAIN TECHNOLOGY Before 1977, computers were nearly off-limits to all except companies or those with wealth. Then, a great innovation happened and the first personal computer came along. By the mid-1980s, the world entered the computer age where computers became mainstream. A certain momentum rose within the computer […]
All posts by Sarah Robertson
Cardano and Proof of Stake
A consensus mechanism is a technique for ensuring the security of a distributed database and verifying entries. Proof-of-Stake (PoS) is one of the most popular consensus algorithms used by blockchain and cryptocurrency projects to secure their networks. Proof-of-Stake differs from Proof-of-Work in several ways, allowing for faster speeds and more efficient energy usage by changing […]
Bitcoin and Proof of Work
AN OVERVIEW OF BITCOIN Bitcoin is the most well-known digital currency to date. So well known, that when most of the world hears the term “cryptocurrency,” Bitcoin comes to mind. It is often referred to as the “grandfather of blockchain-based digital currencies”. This is because it was a novel idea at launch, and it has […]
Understanding Consensus Algorithms
UNDERSTANDING WHAT A CONSENSUS ALGORITHM IS AND WHY THEY EXIST In most data management systems, a central administrator has the power to manage and update any centralized system, such as a database holding critical information. Any updates, such as adding or removing information, are managed by a central authority, which is solely responsible for keeping […]
