4 Popular Types of Consensus Mechanisms in Blockchains

Consensus mechanisms are the real heart of blockchain technology. They make it possible for blockchains to achieve decentralization, ensure safe transactions, and build trust between peers. You have probably heard of the Proof of Work consensus mechanism used by popular blockchains like Bitcoin and Ethereum. Although this algorithm is one of the most talked about,…

4 Main Types of Blockchain with their Uses, Pros, and Cons

At first, blockchain was presented as a completely decentralized electronic payment system that would let people move money without the help of a centralized bank. It was first used as a way to keep track of Bitcoin transactions. Since Bitcoin’s ability to work without a central authority has attracted much attention, many companies have started…

A comprehensive guide to blockchain and its uses

A comprehensive guide to blockchain and its uses You have probably heard of “blockchain technology” when talking about cryptocurrencies such as Bitcoin. Blockchain will likely grow and become easier to use in the coming years.  When answering “What is blockchain technology?” we should talk about how it works, what it can be used for, what…