Anyone who read about cryptocurrencies since the ICO boom or more could have learned that Ethereum is planning to abandon the PoW consensus protocol in favor of PoS. The knowledge of this planned transition was so habitual that some of us could hardly believe that Ethereum would adopt the PoS algorithm...

Today we are going to speak about the riches of Charlie Lee, a famed creator of Litecoin, a cryptocurrency having a reputation of digital silver (by analogy to "digital gold" — the way some people call Bitcoin). We had a hard time estimating Lee’s net worth as there is zero information on the riches...

Contents Proof of Work Proof of Stake Why does Ethereum want to switch to Proof of Stake? The difference between PoW and PoS Blockchain technology works on a consensus algorithm. It means that in a network of public blockchain different members or nodes reach a unanimous decision to agree...

Cryptocurrencies market share continues to grow with the combined cap surpassing Apple's $2.35-trillion stock worth. In this context, finding a viable and accessible cryptocurrency asset is a bit of a unicorn. However, Ravencoin or RVN for short is still a developing project that offers you just that...

Although in recent years many blockchain projects emit tokens that cannot be mined, altcoins mining is still a thing. Mostly, it is possible thanks to cryptocurrencies created in the first half of 2010s. Mining difficulty made it hard to mine certain coins at home via a PC. Now this enterprise requires...

Despite Bitcoin having been created over 12 years ago, the world of cryptocurrencies and blockchain technology is still a young, unexplored one. The 2017 Bitcoin boom has definitely increased the public opinion's awareness of the advantages of decentralized currencies, with many people starting to look...

If we assume for a while that the creator of Bitcoin Satoshi Nakamoto is a real person, not a group of people under this alias, no matter what his name is, we can try to estimate the minimum amount of money he owns. It's understood that our estimation cannot include the money he earned anywhere besides...

All cryptocurrency assets can be divided into 2 types based on their operating principle: Proof of Work (PoW) and Proof of Stake (PoS). The concept of Proof of Stake (PoS) involves a type of mining, where instead of the computing power of the participants, you just need to store crypto assets in your...

Consensus algorithms are an inherent part of all blockchain-based technologies as there is no authority unit supposed to validate the network's transactions. Consensus algorithms are here to provide the decentralized trouble proof functioning of the network. We can't underestimate the significance of...