Avinash Yedeavinashyede.hashnode.dev·Jan 9, 2024Understanding Consensus in Blockchain: A Simple GuideBlockchain, the revolutionary technology powering cryptocurrencies like Bitcoin and Ethereum, thrives on a concept called consensus. Consensus is the linchpin of blockchain, ensuring decentralized control through a process called mining. The choice o...DiscussBlockchain
Ifure Iwuoenangalphawomann.hashnode.dev·Jan 4, 2024Consensus Mechanisms in Blockchain and Why They Are ImportantThe core feature of blockchain is decentralization. I mean, the reason why many of us have embraced blockchain technology is mainly because of this feature of decentralization. The idea that, with the third web (web3), we have complete control of our...Discuss·10 likes·29 readsBlockchain
Om Bhosaleombhosale1024.hashnode.dev·Nov 6, 2023Understanding Public and Private Keys and Consensus ProtocolIntroduction: Blockchain technology is built upon a foundation of cryptographic principles that ensure security and trust within the network. Two crucial components of this security are public and private keys. In this blog post, we'll explore what p...DiscussBlockchain
Sanjana Gupta0xsanjana.hashnode.dev·Nov 2, 2023Backbone Of Blockchain: Understanding Consensus MechanismIn the ever-evolving realm of Blockchain technology, have you ever thought about what makes this decentralized system so transparent and secure, how transactions are validated and how nodes agree with each other without the presence of any central au...Discuss·45 readsBlockchain
Nikhil Kumarnickk.hashnode.dev·Oct 26, 2023Shardeum’s Consensus Mechanism: A Novel Approach to Scalability and Security1. Blockchain Consensus: The Orchestra of Trust In the dazzling world of public blockchaintechnology, the term 'consensus' is the grand conductor orchestrating a symphony of trust among node operators, akin to a room filled with a hundred vigilant wi...DiscussShardeumIsBorderless
Tim.0xtimsage.hashnode.dev·Oct 22, 2023How Avalanche Blockchain Consensus Mechanism Works.In every blockchain network, certain interactions are carried out. Examples of these interactions may include the minting of NFTs, sending and receiving cryptocurrencies, signing of transactions, and even on-chain voting. In traditional systems, befo...Discuss·4 likes·51 readsAvalanche
Memoi Africablog.memoiafrica.com·Oct 9, 2023Understanding Blockchain Consensus MechanismsBlockchain consensus mechanisms are at the core of how blockchain networks achieve agreement among decentralized participants. These mechanisms ensure that all nodes in a network reach consensus on the state of the ledger, validating and adding trans...Discuss·1 likeBlockchain
Lolu Bolarinwalolubolarinwa.hashnode.dev·Oct 7, 2023Understanding Blockchain Consensus MechanismsBlockchain is a distributed ledger system that allows multiple parties to maintain a copy of an ever-growing list of records, secured using cryptography. For it to be distributed, all the parties involved need to reach an agreement, a Consensus. How?...Discussblockchain security
Shiv Dixitshivdixit.hashnode.dev·Sep 29, 2023Understanding Proof of Stake (PoS) vs. Proof of Work (PoW)Introduction In the ever-evolving landscape of blockchain technology, consensus mechanisms play a pivotal role in maintaining the integrity and security of distributed ledgers. At the heart of this cryptographic revolution are two prominent and often...DiscussBlockchain
CryptapeforCryptape Jungleblog.cryptape.com·Sep 1, 2023Crystal: Enhancing Blockchain Mining Transparency with Quorum CertificateAbstract Researchers have discovered a series of theoretical attacks against Bitcoin's Nakamoto consensus; the most damaging ones are selfish mining, double-spending, and consistency delay attacks. These attacks have one common cause: block withholdi...Discuss·159 readsResearchBitcoin