What is Addressing? Addressing is used when two nodes in a network want to communicate with each other. For example, if you want to send something to your friend, you require his/her address, or if you want to send someone an email you need their ema...
A Monolithic architecture encapsulates 3 main features of a blockchain which are Consensus, Execution of transactions and, Data availability. These types of blockchains have been the industry standard ever since the hype of cryptocurrencies came...
Proof of Stake (PoS) is a component of the mechanism used to achieve consensus on the state of a blockchain. Another common way is to use 👉 Proof of Work After September 15, 2022, a major update happened to the Ethereum blockchain, known as The Merg...
It is one thing to know what is a consensus mechanism and another to understand it. Proof of work is a protocol that allows all of the nodes on the network to agree on the state of the blockchain. This protocol is still used for Bitcoin. Like Bitcoin...
It is one thing to know what is a consensus mechanism and another to understand it. Proof of work is a consensus protocol that allows all of the nodes on the network to agree on the state of the blockchain. This protocol is still used for Bitcoin. Li...
If you are not new to Ethereum or in Blockchain space in general, you have already heard about "Miners". Before we start with the rewards the miners get, let's know what is "Mining"? Mining? Ethereum is a blockchain network, i.e it is a network/chain...
