Blockchain Forks — Hard Forks vs Soft Forks
In blockchain technology, the concept of a fork refers to a situation where the blockchain splits into two separate chains due to changes in the protocol or consensus rules. This….
Tag: Consensus Mechanism
Anatomy of a Blockchain block
A blockchain is a decentralized, distributed ledger that records transactions across multiple computers in such a way that the registered transactions cannot be altered retroactively. Each block in a blockchain….
Smart Contract development platforms
Smart contracts are self-executing contracts with the terms of the agreement directly written into code. These contracts are deployed and executed on blockchain platforms, and various development platforms have emerged….
Avalanche Blockchain basics
Avalanche (AVAX) is a decentralized, open-source blockchain platform designed for building and deploying decentralized applications (dApps) and enterprise blockchain solutions. Launched in September 2020 by the Ava Labs team, Avalanche….
Practical Byzantine Fault Tolerance (PBFT)
Practical Byzantine Fault Tolerance (PBFT) is a consensus algorithm designed to ensure that a distributed system, such as a blockchain network, remains functional even if some of its participants (nodes)….
Delegated Proof of Stake (DPoS)
Delegated Proof of Stake (DPoS) is a variation of the traditional Proof of Stake (PoS) consensus mechanism used in blockchain networks. It aims to improve the performance and scalability of….
Proof of Stake (PoS) explained
Proof of Stake (PoS) is a consensus mechanism used in blockchain networks to validate transactions and secure the network. It is considered a more energy-efficient alternative to Proof of Work….
Proof of Work (PoW) explained
Proof of Work (PoW) is one of the most widely used consensus mechanisms in blockchain networks, especially in cryptocurrencies like Bitcoin. It is a way for a decentralized network of….