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Blockchain

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Types of Encryption in Blockchain Technology

Encryption in blockchain technology converts plain text data into an unreadable format using mathematical algorithms. Also known as ciphertext, encryptions protect the confidentiality and security of the information on the block. Consequently, each block on the blockchain encrypts the data through cryptographic functions. The resulting ciphertext gets tagged to the digital ledger. Further, encryption secures

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What Is Proof Of History?

Proof of History is a consensus algorithm that improves the scalability and efficiency of blockchain systems. It uses a verifiable delay function to create a secure and unique timestamp. The timestamp for each block ensures that the order of the transactions does not change. This allows nodes to reach consensus quickly and efficiently without requiring much computational power. 

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What Is Delegated Proof Of Stake Consensus?

Delegated Proof of Stake (DPoS) is a consensus algorithm in blockchain networks. DPoS helps to maintain consensus and validate transactions. In a DPoS system, token holders elect a group of validators or “delegates” to represent them and validate transactions. These delegates are responsible for verifying transactions and adding new blocks to the blockchain. Token holders can vote for validators,

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