Tag: COnsensus

What is Delegated Byzantine Fault Tolerance?

There are quite a few different ways to power blockchain solutions. Two of the more common types are proof-of-work and proof-of-stake. However, every now and then, we see a new type of algorithm that leaves people confused for quite some time. Delegated Byzantine Fault Tolerance is one of those algorithms very few people can wrap their head around. Now is a good time to take a closer look at what …
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Bitcoin Core Members Discuss Blockchain Consensus At Chinese Event

Bitcoin Core developers are working hard on facilitating the future of Bitcoin. Several of the team members recently attended a meeting in China, where they touched upon blockchain consensus and open source projects, among other things. It is evident that there are still some technical hurdles to overcome before all Chinese miners get on board with the developers’ decisions. An Important Event For Bitcoin Core Ever since the block size …
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Understanding The Real Value of Bitcoin Mining

There are a lot of aspects to the Bitcoin mining ecosystem. Many outsiders see this as a waste of resources, particularly when taking into account how miners receive a small reward for doing so. But the mining process is not just about money; it is also a way to secure the Bitcoin network. More importantly, it is what makes Bitcoin tick, and how consensus is achieved. Bitcoin Mining Is More …
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Mainstream Media Utterly Ignores Positive Bitcoin Trend Once Again

Now that the Bitcoin price is rising again, mainstream media outlets remain tightlipped on this significant change. For some reason, they refuse to report on Bitcoin price increases until the value goes down once again. The lack of education and unwillingness to learn by mainstream media outlets shines through once again. Where Art Thou, Media Outlets? Although there is an argument to be made as to why bad news will …
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