Regional, local, and community currencies refer to a form of currency that is utilized for trading goods within particular geographic areas.
Monthly Archives: November 2023
A private blockchain refers to a specific type of blockchain where the network is controlled solely by a single organization.
Programmability refers to the ability of an object or system to execute instructions.
Proof-of-Authority (PoA) is a consensus mechanism employed in blockchain technology that enables swift transaction processing by leveraging identity as a form of stake.
Proof-of-Burn (PoB) is a blockchain consensus mechanism that aims to enhance energy efficiency when bootstrapping one blockchain to another. It achieves this by verifying that a coin has incurred a cost through the process of “burning,” which involves sending it to an address where it becomes unspendable.
Proof-of-Burn is a concept aimed at establishing a mechanism to deter deceitful transactions within a blockchain network, while simultaneously enhancing the overall effectiveness and operation of the blockchain.
A Public Blockchain is a type of blockchain that is accessible to anyone.
A code generated in the process of asymmetric-key encryption, along with a public key, is utilized to decrypt information that has been hashed using the public key.
Proof-of-Immutability (PoIM) allows the blockchain to store data in a decentralized and verifiably unchangeable way, without the need to distribute the data across nodes.
Proof-of-Donation is a term used to describe the incorporation of charitable contributions into the operational aspects of a blockchain.