A decentralized ledger technology that records transactions across multiple computers.
Why Did Ethereum Switch to This Mechanism? Proof of Stake (PoS) is one of the most popular consensus mechanisms in blockchain technology. It replaced the traditional Proof of Work (PoW)…
🔹 What is Proof of Work (PoW)? Proof of Work (PoW) is a consensus mechanism that ensures the security and functionality of blockchains like Bitcoin. The core idea is that…
What Are Consensus Algorithms? Consensus algorithms are mechanisms, such as Proof of Authority (PoA), that ensure data consistency in a blockchain. They guarantee that all network participants (nodes) agree on…
What Is a Cryptocurrency Fork? Cryptocurrency forks are updates or modifications to a blockchain that can result in the creation of a new cryptocurrency. The easiest way to visualize them…
The world of cryptocurrency is constantly evolving, and changes in blockchain code can significantly impact the entire ecosystem. The two most common ways to upgrade blockchains are hard forks and…
Blockchain is no longer just a technology for Bitcoin. Today, it is used in finance, logistics, healthcare, government projects, and even art. However, not all blockchains are the same. They…
Ethereum is one of the most popular blockchain networks, but many users encounter something that can be confusing for beginners—gas fees. Why do you have to pay extra fees to…
The Basics of Tokens and How to Create One What Is a Token and How Is It Different from a Cryptocurrency? When people hear the word "crypto," they often think…
What Is ERC-20? ERC-20 and ERC-721 are both token standards on the Ethereum blockchain. ERC-20 defines a set of rules that all tokens of this type must follow to ensure…
What Are Cross-Chain Transactions? Cross-chain transactions allow the exchange of digital assets between different blockchains without using centralized platforms. For example, you can swap Bitcoin for Ethereum without involving an…