The concept for Proof of Work (PoW) was initially published in the year 1993 by Cynthia Dwork and Moni Naor and was later implemented by Satoshi Nakamoto in his Bitcoin paper in 2008. Proof of Work consensus is a peculiar mechanism of acceptance for most of the cryptocurrencies currently in circulation. The word “proof of […]
The Peer to Peer network-based transactional model is one of the most robust platforms available in today’s business ecosystem. The P2P is chosen over others owing to certain intrinsic characteristics that are not present in other systems. Some of the major advantages available for Peer to Peer transactions are A network operating system is not […]
A diamond is forever! The diamond industry is one of the biggest industries of the world with an enormous value of money involved with it. If we consider the global figures, the approximate value of the diamond industry stands at a whopping $160+ billion. It is an exorbitantly high amount by any standards. The diamond […]
Proof of stake is considered as the better and safer version of proof of work as it is more efficient in handling hacking problems related to transactions in a blockchain.