If you have been involved in Bitcoin for any significant length of time, you have probably at least heard of the idea of “proof of work”. The basic concept behind proof of work is simple: one party ...
Proof of stake is a consensus algorithm originally invented by Sunny King and Scott Nadal in 2012. The idea for proof-of-stake (PoS) began as a way to create an alternative to Bitcoin’s proof-of-work ...
How mining works is fascinating. When I explain it to people, I enjoy seeing their face the moment their mind is blown. I’ll explain it here, but just know, I’m imagining all your faces as your minds ...