Consensus algorithms are used to prevent double-spending, ensure the integrity of transactions, and maintain the security of the network.
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.
This consensus mechanism was created by Daniel Larimer in order to solve Bitcoin’s perceived scaling problems. dPoS has proven to…
Web3 refers to the next generation of the internet, where blockchain technology and decentralized applications (dApps) will become more prevalent.