What is a Block Explorer Contents: The is an open and transparent public ledger that contains a record of every transaction included in it. Block explorers are the services, helping you track a transaction and giving valuable information on the overall state of the network. Block explorer A block explorer represents a website for viewing bloc...
Many investors believe that decentralization is a key feature of all cryptocurrencies. And, when you look at it, the principle of decentralization has made the safest, most reliable and sought-after currency on the market. Even despite this, a very small number of people now truly understand what decentralization is, what its main features ar...
Contents: What is a Contract? Before deeply understanding the smart contracts, let’s remember the meaning of the term ‘contract’. A contract is a legally enforceable agreement between two or more parties. Smart Contracts (also self-executing contracts, blockchain contracts, digital contracts) is a digital form of agreement stored in the bloc...
Proof-of-Work is the second most popular consensus algorithm, which is nowadays being used by a number of successful crypto projects, with many more planning to change their system to PoS soon. What is consensus algorithm? A consensus algorithm is a special procedure, in which every one of the peers of the Blockchain system concludes an agreem...
Proof of Work vs. Proof of Stake Preface Blockchain is based on egalitarian principles. That’s a system of peers or equally privileged agents. If some of them unavailable, blockchain will continue to work due to his decentralized manner. Being a peer means share your personal resources to the network: disk space, GPU/CPU powers, RAM, network ba...
Satoshi Nakamoto developed the software of . He offered an electronic payment system, which is based on the use of mathematical calculations. The idea was to create an electronic decentralized cash system in a form of distributed and immutable ledger – blockchain. The legend of Satoshi Nakamoto is one of the greatest Internet mysteries in the...
Bitcoin Network Fees: Everything You Need to Know Contents: With the rising wave of hype, network fees start fluctuating and raising concerns. This article is about to explain how Bitcoin network fees work and how to cut on the network fees. What is a network fee? Network fees or transaction fees represent an additional amount you pay to mine...
Ethereum Network Fees: Everything You Need to Know What is an Ethereum network fee ETH is the money unit on the Ethereum blockchain. When you interact with a contract, send ETH or tokens, or perform any actions on the blockchain, charges are applied for all the operations. All fees are counted in gas and later are settled by ETH. The fees are p...
As 2019 slowly arrives at an end, comes to its 11-years on the crypto market, being the first ever crypto to not only be launched as a guinea pig of the research but to become one of the most expensive and successful for the traders. In this article, we would like you to return back to the times when this topic was a matter of a pure mystery...
What is a fork? In fact, any fork is a fork with the appearance of an additional cryptocurrency. The term came from programming, where it means “using the source code to create another project”. At the heart of any blockchain-based project is program code. Accordingly, as practice shows, forks are possible for any coin. Why bother to fork at...