Tag: decentralized

PROOF OF STAKE: WHAT IS IT?

RELATED POST In a proof of work system, miners compete to solve a computationally difficult puzzle in order to create a new block and earn a reward. This process consumes a lot of energy and resources. In contrast, in a proof of stake system, like what Cardano uses, the creator of a new block is […]

2 EXAMPLES OF DECENTRALIZED NETWORKS

RELATED POST A decentralized network is a network that operates without a central authority or central server. In such a network, each node (a device or computer connected to the network) has equal power and can communicate directly with other nodes on the network. This allows the network to operate in a decentralized and distributed […]