What is Proof of stake ?

What is Proof of stake ?

Proof-of-stake is a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain. A consensus mechanism is a method for validating entries into a distributed database and keeping the database secure. In the case of...
What is Proof of Work

What is Proof of Work

Proof of work (PoW) describes a system that requires a feasible amount of effort in order to deter silly or malicious uses of computing power, such as sending spam emails or service attacks. The concept is to secure digital money by Hal Finney in 2004 through the idea...
Are Cryptocurrencies Securities?

Are Cryptocurrencies Securities?

The SEC has said that Bitcoin and Ethereum, the top two cryptocurrencies by market cap, are not securities. It has not commented on the status of other cryptocurrencies. Investing in cryptocurrencies and other initial coin offerings (“ICOs”) is highly risky and...
Types of Cryptocurrency

Types of Cryptocurrency

Bitcoin is the most popular and valuable cryptocurrency. An anonymous person called Satoshi Nakamoto invented it and introduced it to the world via a white paper in 2008. There are thousands of cryptocurrencies present in the market today. Each cryptocurrency claims...
Blockchain

Blockchain

Central to the appeal and functionality of Bitcoin and other cryptocurrencies is blockchain technology. As its name indicates, blockchain is essentially a set of connected blocks or an online ledger. Each block contains a set of transactions that have been...