web3.hashnode.comWeb5 Will Expose Data Hungry CompaniesFormer Twitter CEO, Jack Dorsey, announced that his business, TBD, will be embarking on creating web5 — an extra decentralized web platform. The next generation of the web will lay heavy stress on identity and personal data, thus exposing the compan...Aug 11, 2022·6 min read
web3.hashnode.comWhat Is the Double Spend Problem?The double spend problem is central to the creation of Bitcoin and cryptocurrency. But what exactly is it? What Is the Double Spend Problem? The double spend problem is the risk that money could be used more than once; hence, the name “double spend....Jul 29, 2022·7 min read
web3.hashnode.comWhat Is a 51% Attack?What Is a 51% Attack? A 51% attack is when a person, group, or entity gains control of 51% of a blockchain's hashing power, meaning they have control over certain aspects of the project. The method in which this is obtained is different for each con...Jul 28, 2022·7 min read
web3.hashnode.comWhat is the Difference Between Layer 1 vs Layer 2? Blockchain Layers ExplainedThe blockchain is like onions, they both have layers. Onions have layers. The blockchain also has layers. Let's peel back the blockchain layers one at a time! What Is a Layer 1 Blockchain? Layer 1 is the base blockchain; it can validate and finali...Jun 9, 2022·7 min read
web3.hashnode.comCryptocurrency Consensus Mechanisms ExplainedConsensus Mechanisms are a hot topic that touches on the environment, scalability, and security. But what exactly are they? What Is a Consensus Mechanism? 🔐 In the cryptocurrency world, consensus mechanisms are protocols and algorithms that enable a...May 23, 2022·10 min read
