Tag: proof of stake
Bitcoin Lightning Network’s Achilles’ Heel: The Replacement Cycling Attack
The replacement cycling attack, a titan among blockchain attacks, is a vulnerability threatening the foundation of the Bitcoin Lightning Network.
Bitcoin Lighting network...
Bitcoin Mainnet’s future role: A pillar of security for proof of stake chains
While many have traditionally viewed Bitcoin mainnet as a medium of exchange, the future may see its primary function shift towards providing security...
Blockchain companies work to revive crypto mining
Binance is selling one Terahash per second (Th/s) at $10.7280, split between the hash rate and electricity costs.
In June 2023, Tether announced...
Consensus Mechanisms in the blockchain world and how important they are
Most consensus mechanisms are an improvement of either the Proof of Work, Proof of Stake, or both.
These consensus mechanisms strive to uphold...
Crypto market insights: understanding Ethereum’s post-Merge market downturn
Certainly, one of the most significant advancements in crypto history occurred on September 15, 2022, when the blockchain Ethereum completed a software upgrade known as “the Merge.” Ethereum’s historical transition from proof-of-work to proof-of-stake signalled the end of its decentralised ledger's energy-intensive, miner-based approach previously used in processing changes.
Polygon Network: A hub for promoting decentralized finance
Polygon is a layer two blockchain application created to overcome Ethereum's scalability issues
Like other recent Ethereum alternatives, Polygon implements a Proof-of-Stake(PoS) replacing...
Ethereum 2.0 provides cheap and fast crypto mining techniques
The Beacon Chain launched in December 2020 and introduced the PoS mechanism, the concept of validators and various penalties and incentives.
Ethereum has...
The environmental impact of cryptocurrency adoption and usage
The cryptocurrency transaction validation procedure structure and design make it consumes a lot of energy with considerable environmental impacts.
Mining is one way of...