A quorum is a group of nodes. It is required for reaching an agreement. Nodes make communication with each other with the purpose to reach the agreement. If a specific threshold of nodes is met, then an update on the state is valid will be concurred.
What Is Proof-of-Authority (PoA)- Part 2? Working of PoA in Apla New blocks will be created by validated nodes…
Proof-of-Activity (PoA) is defined as a blockchain consensus algorithm that doesn’t only ensure that transactions are genuine but also…
A fork is defined as a change in a blockchain network. If miners reach a unanimous consensus in the…
Proof-of-Capacity (PoC) is defined as a blockchain consensus algorithm used to mine cryptocurrency. Miners have to use the empty space of their hard drive for mining purpose. Computing powers and stakes are not required in PoC. Burstcoin (BURST) is defined as a digital cryptocurrency and payment system using PoC.
A peer-to-peer cryptocurrency called Peercoin (PPC) is the first cryptocurrency to use PoS. An open-source cryptocurrency and payment network called NXT (NXT) and another peer-to-peer cryptocurrency called Blackcoin (BLK) also use Proof-of-Stake (PoS). Energy efficiency and security are the advantages of PoS.
The Stellar Consensus Protocol (SCP) is defined as the implementation of the Federated Byzantine Agreement (BFA) Protocol. The instances…
Miller Lite, a 4.2% ABV American light pilsner beer sold by MillerCoors of Milwaukee, Wisconsin, had already started using…
On 18 September 2019, Huobi Group is recognized as a leading global digital asset financial service provider who has made…
BitPay is recognized as the world’s largest blockchain payments provider who has made an announcement related to the cryptocurrency Ethereum…
