The smart contract that was first launched in Ethereum, where using the blockchain is used in a more specific way. It was first spoken by Nick Szabo in 1993, where he introduced the concept of DIGITAL DISTRIBUTOR. The computer engineer gave an example: “If a user enters data or values, they receive compensation from the … Read more What the Smart Contract is is how it works.
The BFT consent system was created with the aim of solving a problem in the consent of a blochchain network. It solves the problem of the Byzantine generals. Today with the introduction of the blockchain, new technologies have developed with it, but above all new problems. With the birth of Bitcoin, in addition to the … Read more The BFT Consent System – Byzantine Fault Tolerance
The DPOS consentd system (Delegate proof of stake) is part of the 3rd generation cryptocurrencies such as EOS, TRON, etc. The CEO of EOS and founder of Steemit was introduced by BITSHARES created by DANIEL LARIMER. And it consists in delegating a certain amount of that cryptocurrency to a delegate who will take care of … Read more The DPOS consent system – Delegated proof of stake
The POS consent system (proof of stake) is used in 2-generation cryptocurrencies such as Dash, Pivx, Zcoin, etc. With this system there is a proof of confidence through the demonstration of the possession of a certain amount of that cryptocurrency. This amount will be frozen as a guarantee, which if lost, this amount could be … Read more The POS Consent System – Proof of Stake
The POW consent system is used in first-generation cryptocurrencies such as Bitcoin, Ethereum. It means proof of work, it is used to solve the blocks that are generated on the blockchain. It is part of several Systems of the various cryptocurrencies that we know today, and is the first to have been introduced with Bitcoin. … Read more The POW Consent system – proof of work
Surely you have often heard of bitcoin mining, but exactly what it is and what we are talking about. Obviously mining is associated with cryptocurrencies, especially with bitcoins and other crypto that have the consensus algorithm POW (proof of Work). It was born with Bitcoin and has developed over the years, creating specialized companies only … Read more What mining is how it works
In recent years we are talking about a new technology called blockchain, it is associated with the concept of Bitcoin, but what is the blockchain exactly? There is still a bit of confusion in this topic, in that it is believed that the blockchain and bitcoin are two different things, which of course is not … Read more What is the blockchain