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 […]
Category: Blockchain Basics
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 […]
