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Tag: Consensus Mechanism

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Decentralized Autonomous Organization

April 7, 2023 Nyx-Labs.com

A Decentralized Autonomous Organization (DAO) is a type of organization that operates using a blockchain-based smart contract, which automates the decision-making and governance processes of the organization.

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Delegated Proof of Stake (dPoS)

February 5, 2021 Nyx-Labs.com

This consensus mechanism was created by Daniel Larimer in order to solve Bitcoin’s perceived scaling problems. dPoS has proven to…

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Binary Tree

A binary tree is a data structure used in computer science to organize and store data. It consists of nodes connected by edges, where each node can have at most two children...

Nyx-Labs.com
by Nyx-Labs.com
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Web3

Web3 refers to the next generation of the internet, where blockchain technology and decentralized applications (dApps) will become more prevalent....

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by Nyx-Labs.com
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Decentralized Autonomous Organization

A Decentralized Autonomous Organization (DAO) is a type of organization that operates using a blockchain-based smart contract, which automates the decision-making and governance processes of the organization....

Nyx-Labs.com
by Nyx-Labs.com
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Consensus Algorithm

Consensus algorithms are used to prevent double-spending, ensure the integrity of transactions, and maintain the security of the network....

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by Nyx-Labs.com
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Ethereum Virtual Machine (EVM)

The Ethereum Virtual Machine (EVM) is a runtime environment for executing smart contracts on the Ethereum blockchain. It was designed to be a decentralized, secure, and sandboxed environment that can execute arbitrary...

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by Nyx-Labs.com
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Vue.js

Vue.js is an open-source progressive JavaScript framework used for building user interfaces and single-page applications....

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by Nyx-Labs.com
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