Latest Posts with Consensus tag

Consensus

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What is a Consensus Method?

7 Aug 2021 5 minute read 0 comments MintDice.com

Understanding the cryptocurrency world is no easy feat. Especially because cryptocurrency is built on a new type of technology that not many people understand known as a blockchain. Blockchains use something known as a consensus method to function....

Consensus Reality and the Curse of Individualism in the POB Community

9 Jul 2021 7 minute read 1 comment SA_Sam1971

  I was doing some research the other day on languages and came across a term I was not familiar with, albeit that it made perfect sense: 'Consensus Reality'. The moment I read the words, I had to revisit them and voice them aloud. Alone they are ju...

Consensus is the only way: why you should attend a conference with Everstake

26 May 2021 3 minute read 0 comments Cryptotexty

Founded by a hardcore software developer Sergii Vasylchuk, Everstake comprises a team of prominent engineers who, like cryptocurrency pioneers once did, noticed that the current financial systems are quite limited (and limiting, if not draconian) in...

Quantstamp Says That Ethereum 2.0 Phase 0 Almost Ready for Launch

27 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

On October 26, smart contract auditing firm Quantstamp announced that Ethereum 2.0 is all set to launch, following an audit of Consensys’ Teku client. Quantstamp released a statement on October 25 via Decrypt, saying that it had spent “countless hou...

Bitcoin Vs. Ethereum: Critics Around ETH Supply And Consensus Grows

20 Jun 2020 2 minute read 0 comments PassionCryptodotcom

Criticism of the creator of Ethereum , Vitalik Buterin continues to cro ITRE on Twitter crypto. At the epicenter of this is the controversy surrounding the design of the flexible offering and the release of Ethereum 2.0. As recently reported on CoinG...

IOTA GoShimmer V.0.2 To Be Released Late June With New Consensus Model

19 Jun 2020 2 minute read 0 comments PassionCryptodotcom

The new version of IOTA GoShimmer v.0.2.0 will be released in late June and will include support for the "Parallel Reality Based Ledger State" consensus. In addition, the version will include a new transaction layout, the UTXO model, full conversion...

Rapids Network - New Consensus

24 May 2020 1 minute read 6 comments Chriss

Today marks an important moment in the history of Rapids Network. We've just reached 793580 block. It was the long awaited Block, which definitely marks the entry of Rapids Network & Rapids (RPD) into a new era: New Consensus Safer and more versatil...

An unplanned hard fork took place in the Ethereum 2.0 test network

18 May 2020 1 minute read 0 comments Kluma

The project developer Afri Choedon announced that a pilot blockchain cryptocurrency divided because of a failure. However, its Creator Vitalik Buterin believes that this is normal In the test network of Ethereum 2.0 called Schlesi, there was a harfdo...

Proof of Work and Proof of Stake systems for blockchain consensus

17 May 2020 2 minute read 2 comments Jumble

Introduction For a blockchain, such as Bitcoin, Ethereum, etc. to operate satisfactorily, it is necessary for all the nodes in the network to agree on the state of chain and what blocks are correct. Because the network is decentralized and it is gene...

Understanding different Consensus Mechanisms

9 May 2020 5 minute read 0 comments Ruma

The BlockChain network consists of a series of nodes that form a distributed architecture. These nodes need to be aligned and run synchronously to maintain security in the network. Thus the concept of Consensus is devised to maintain harmony in the b...