Proof of Burn (PoB) is a consensus algorithm where participants permanently remove a certain amount of cryptocurrency from circulation to gain mining or validation privileges. This process creates a scarcity effect and incentivizes long-term investme...
Proof of Elapsed Time (PoET) is a consensus mechanism designed to offer a more efficient and scalable alternative to traditional blockchain protocols like Proof of Work (PoW) and Proof of Stake (PoS). It was developed by Intel and is commonly used in...
Background: When data blocks are chained together in a particular database, it becomes a blockchain. The mechanism that chains these data blocks together in a predefined consistent chronology is known as cryptography. This explains the blockchain tec...
Blockchain technology has gained a lot of interest as a result of its use in public blockchain networks like Bitcoin and Ethereum. Businesses who wish to benefit from blockchain technology while maintaining control over the network's users and operat...
