proof of stake Archives

How Is Consensus Achieved on the Blockchain?

August 1, 2018 | By Xsolus Team

Learn about the different types of blockchain consensus protocols and how consensus is achieved in each model Blockchains present the perfect solution to today’s digital security issues. Its decentralized nature and unique and innovative technology make it possible to create a system that is virtually devoid of corruption generated from a central authority. However, the • Read More »

Tags: blockchain, consensus algorithm, consensus protocol, dag, delegated proof of stake, directed acyclic graph, dpos, pbft, poa, pob, poc, pol, pos, pow, practical byzantine fault tolerance, proof of authority, proof of burn, proof of capacity, proof of luck, proof of stake, proof of work

Proof of Work vs. Proof of Stake

March 22, 2018 | By Xsolus Team

Here’s all you need to know about the differences between Proof of Work and Proof of Stake protocols The promise of decentralization, made possible by the emergence of the blockchain and cryptocurrencies, has undeniably revolutionized the way online transactions are carried out. With third-party intermediaries taken out of the equation, transactions through the blockchain network • Read More »

Tags: 51% attack, ada, algorithm, altcoins, bitcoin, cadano, cryptocurrencies, decentralization, delegated proof of stake, dpos, forger, incentivization, litecoin, miner, mining hardware, pos, pow, proof of stake, proof of work, proof of work vs proof of stake, qtum, valid transaction, validation process

What Are Mineable, Non-Mineable, and Pre-Mined Cryptocurrencies?

March 16, 2018 | By Xsolus Team

Learn more on the different types of cryptocurrencies and the nature of how they are mined or created Cryptocurrencies are revolutionizing the way online transactions are carried out and the way digital “money” is created. The core value proposition that sets cryptocurrencies apart from traditional fiat money is decentralization. Because there is no central governing • Read More »

Tags: bitcoin, blockchain network, cardano, consensus, cryptocurrencies, cryptocurrency mining, digital money, ethereum, ico, iota, litecoin, mineable, miners, mining, non-mineable, pos, pow, pre-mined, proof of stake, proof of work, ripple, token sale

Different Types of Blockchain Networks

March 1, 2018 | By Xsolus Team

Here’s what you need to know about public, private, and federated/consortium blockchains and how these three differ from one another Blockchain technology has greatly evolved since Bitcoin’s debut in 2008. Bitcoin’s promise of decentralization, transparency, and immutability has gained the attention of many technology enthusiasts, and since then, many discoveries were made—from the base blockchain • Read More »

Tags: bitcoin, blockchain networks, censorship resistance, consortium blockchain, cryptographic auditing, distributed ledger technologies, dlt, ethereum, federated blockchain, immutability, litecoin, pos, private blockchain, proof of stake, public blockchain, transparency