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    Home » Blockchain

    Blockchain News and Updates

    Blockchain-based technology represents a digital ledger of economic transactions that can also be programmed to record not just financial transactions but everything that has any value.

    Simply put, it’s a time-stamped series of immutable records of information that’s managed by a cluster of computers that aren’t owned by any single entity.

    The data sets are compiled in blocks (hence the “block”) and bound to each other using cryptography (hence the “chain”).

    These networks are governed by consensus algorithms that dictate how the blocks are created and added to the blockchain. The two most popular ones up to date are Proof-of-Work and Proof-of-Stake.

    Proof-of-Work (PoW) is perhaps the most popular consensus algorithm, and it governs Bitcoin’s network. With it, each participant must compete with the rest to solve a difficult mathematics problem, using the processing of computing power. The first one to solve the puzzle gets a reward for the work.

    With Proof-of-Stake (PoS), there is no competition because an algorithm chooses the block creator based on the user’s stake (the cryptocurrency he owns and uses for stake). There is no reward for adding a block; instead, the block creator takes the transaction fees.

    It’s also worth noting that there are public and private blockchains. With the former, anyone has access to the ledger. Typing an address will reveal the current balance, as well as the list of transactions that the address had sent and received. This is the reason why Bitcoin is not considered anonymous.

    Recent Blockchain News

    Web3-Focused Fund VVF Announces a $5 Million Investment in the Everscale Blockchain

    Web3-Focused Fund VVF Announces a $5 Million Investment in the Everscale Blockchain

    Jan 31, 2023 14:00 Dimitar Dzhondzhorov

    "For us, this is a strategic investment aimed at the technological development of projects," VVF's Chairman Peter Knez stated.

    Infamous ‘Blockchain Bandit’ Begins Moving His Stash 6 Years Later

    Infamous ‘Blockchain Bandit’ Begins Moving His Stash 6 Years Later

    Jan 26, 2023 19:51 Jordan Lyanchev

    The unidentified hacker emptied multiple Ethereum wallets by guessing their keys years ago.

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Jan 18, 2023 18:10 George Georgiev

    What is PI Network? Is it a scam? Let's take a deeper dive into the project and the most recent

    Crypto Industry Booms: Report Shows 100% Increase in Developers in Two Years

    Crypto Industry Booms: Report Shows 100% Increase in Developers in Two Years

    Jan 18, 2023 01:16 Felix Mollen

    The number of Bitcoin and Ethereum developers has tripled since 2018, but alternative projects are more attractive.

    GALA Skyrockets 70% After Gala Games Said it Partnered With The Rock

    GALA Skyrockets 70% After Gala Games Said it Partnered With The Rock

    Jan 9, 2023 21:21 Dimitar Dzhondzhorov

    GALA soared by 68% after Gala Games said it collaborated with "The Rock" and Mark Wahlberg.

    Many More Crypto Firms to Suffer FTX’s Fate, Predicts Palantir Co-Founder

    Many More Crypto Firms to Suffer FTX’s Fate, Predicts Palantir Co-Founder

    Dec 5, 2022 18:47 Dimitar Dzhondzhorov

    Even though most crypto projects might scam users, there is a bright future for blockchain technology, Lonsdale said.

    Cloud Provider Bans Solana Nodes, Taking 40% Offline

    Cloud Provider Bans Solana Nodes, Taking 40% Offline

    Nov 4, 2022 20:10 Jordan Lyanchev

    Although the network itself is decentralized, its service providers are definitely not.

    Gala Games Dismisses Hacking Speculations After GALA Plunged 90%

    Gala Games Dismisses Hacking Speculations After GALA Plunged 90%

    Nov 4, 2022 11:09 Chayanika Deka

    Its native token GALA crashed by over 25% in a matter of 2-hours as a result of the initial panic

    Byzantine Fault Tolerance in Blockchain: A Closer Look

    Byzantine Fault Tolerance in Blockchain: A Closer Look

    Nov 1, 2022 15:24 George Georgiev

    Byzantine Fault Tolerance (BFT) is a term tossed around quite often. Here's a closer look at what it means and

    THORChain Network Remains Offline 15 Hours After Software Bug 

    THORChain Network Remains Offline 15 Hours After Software Bug 

    Oct 28, 2022 12:08 Mandy Williams

    The network's operators say the halt is due to non-determinism between individual nodes and has nothing to do with solvency.

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