Tag: cryptocurrencies

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Blockchain energy consumption concerns and possible solution

From banking to logistics, blockchain technology holds promise. A wide range of applications is considered, from energy trading schemes to transparent supply chains to food safety.  Blockchain’s non-sustainable energy consumption is often overlooked as people envision ways in which it might change the world. Cryptocurrency miners are also disadvantaged by their need to invest in stronger … Continue reading Blockchain energy consumption concerns and possible solution

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Proof of Stake Vs Proof of Work: The future of Blockchain

There is often a debate in the crypto world about Proof of Stake versus Proof of Work. People may not understand what they mean, however.You must first understand how Blockchain work to understand the difference between Proof of Work and Proof of Stake.  Decentralized networks are Blockchain. Consequently, rather than a central authority approving transactions, several … Continue reading Proof of Stake Vs Proof of Work: The future of Blockchain

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NFTs: what they are and why they are so buzzworthy

What are NFTs? An important aspect of blockchain technology involves digital assets such as tokens and coins, called cryptocurrencies. In short, cryptocurrencies are fungible, which means each bitcoin is worth the same amount regardless of what variety it is: one bitcoin is equal to one bitcoin regardless of its type. Additionally, NFTs, which are tokenized … Continue reading NFTs: what they are and why they are so buzzworthy