WHAT IS ‘PROOF OF WORK’

Cryptocurrencies use distributed ledgers-blockchains to record transaction data, a critical process for the whole system to work is reaching a collective agreement-consensus on the content of the ledger. How this consensus is achieved impacts the security and economic parameters of the protocol. A blockchain is a linked list of blocks, …

WHAT IS BLOCKCHAIN

If you have access to the internet, it is highly unlikely that you have never come across of the term ‘blockchain’ before, even with the rapid growth of cryptocurrencies, not a lot of people understand how the blockchain technology works or its various potential uses. What is the blockchain technology? …