The drawbacks of proof-of-work or PoW algorithm have prompted the introduction of new consensus mechanisms aimed at promoting energy efficiency and lessening the environmental impact […]
Tag Archives: Finance
PoW: Advantages and Disadvantages of Proof-of-Work
The proof-of-work or PoW system is a cryptographic zero-knowledge proof and consensus mechanism. The concept was first introduced by computer scientists Cynthia Dwork and Moni […]
Advantages and Disadvantages of Litecoin
Litecoin is one of the earlier altcoins that emerged after the introduction of Bitcoin in 2009 and the subsequent emerging popularity of cryptocurrencies in the […]
Explained: Dogecoin Advantages and Disadvantages
It started as a joke. Jackson Palmer was poking fun at the hype and wild speculations surrounding cryptocurrencies when he tweeted about Dogecoin on 28 […]
Cardano and Ada: Advantages and Disadvantages
Ethereum co-founder Charles Hoskinson founded Cardano in 2015 and positioned it as a public blockchain platform that goes through regular peer-review in each stage of […]
Who is Satoshi Nakamoto?
The true identity of Satoshi Nakamoto has baffled the media, members of the cryptocurrency community, and industry observers. The name has been credited to have […]
Cryptocurrency Coins vs Tokens: What is the Difference?
There are two types of cryptocurrencies developed, introduced, and used in the digital world: coins and tokens. Some individuals would not mind interchanging these two […]
What is Ethereum: Applications, Pros, and Cons
Vitalik Buterin, a programmer and one of the founders of Bitcoin Magazine, first described Ethereum in a 2013 white paper as a technology for introducing […]
NFT Games Explained: What Are They? How Do They Work?
NFT-based video games or NFT games represent a genre of video games built on the concept of tokenization and digital asset creation, and powered using […]
NFT Advantages and Disadvantages
There is an explosion of interest toward non-fungible tokens or NFTs beginning in 2021 when several digital artworks and memes were auctioned and sold for […]