Tokens: What they are and how they’re used

You may have heard cryptocurrencies referred to as a coin or token. While these terms are often used interchangeably, they shouldn’t be. The distinction between coins and tokens depends on various factors, such as the way the asset is used. Coins are often defined as “native” to the given blockchain environment, meaning they are part […]

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What is a private blockchain?

Depending on an organization’s needs, a public blockchain may not be the right solution for them. If authority and speed are top priorities, a private blockchain may be the better route.  Private blockchains have rules and regulations on who can see and write on the chain, and nodes are typically invite-only. It operates as a […]

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What is a public blockchain?

What do you think of when you think of a blockchain? Unfortunately, many people struggle to grasp what a blockchain is because blockchain is a relatively intangible concept. It is equivalent to asking someone what they think of the internet in the 80s. Without tangible applications, blockchain can be challenging to conceptualize. One nuance to […]

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The History of Digital Currencies

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 […]

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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 […]

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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 […]

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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 […]

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