Since Bitcoin launched in 2009, blockchain platforms have relied on consensus mechanisms to securely add new transactions. Yet no consensus method perfectly optimizes for the desired attributes of decentralization, security,… Continue reading The Quest for the Optimal Consensus Mechanism
Author: Bryant Nielson
Beyond Proof of Work and Proof of Stake: Emerging Consensus Models
Proof of Work (PoW) and Proof of Stake (PoS) are the two dominant blockchain consensus models today. However, they each have drawbacks that have motivated researchers to develop innovative new… Continue reading Beyond Proof of Work and Proof of Stake: Emerging Consensus Models
The Evolution of Blockchain Consensus: From Proof of Work to Proof of Stake
When Satoshi Nakamoto created Bitcoin in 2008, he introduced the concept of a decentralized digital currency powered by a novel consensus mechanism called Proof of Work (PoW). This allowed participants… Continue reading The Evolution of Blockchain Consensus: From Proof of Work to Proof of Stake
Blockchain and Baseball: The Scoreboard – Tracking the Blocks and Hits
In baseball, the scoreboard acts as a ledger to track key events like runs, hits, and errors to provide a snapshot of the game’s progress. Likewise, a blockchain records transactions… Continue reading Blockchain and Baseball: The Scoreboard – Tracking the Blocks and Hits
Blockchain and Baseball: The Growth and Adoption – Following the Progress of the Game
Since its origins over 10 years ago, blockchain has rapidly evolved from an obscure technology into a catalyst for transformation across industries. Comparably, baseball grew in popularity over the 20th… Continue reading Blockchain and Baseball: The Growth and Adoption – Following the Progress of the Game
Blockchain and Baseball Players and Positions – Understanding the Roles and Responsibilities
Blockchain networks and professional baseball teams are complex systems requiring different participants to play specialized roles. From cryptocurrency miners validating transactions to pitchers throwing heat on the mound, responsibility is… Continue reading Blockchain and Baseball Players and Positions – Understanding the Roles and Responsibilities
Blockchain Fundamentals – Just Like Learning the Rules of Baseball
For many people, blockchain technology seems complex, dense, and filled with unfamiliar technical terms. Cryptography, distributed ledgers, consensus mechanisms – it’s enough to make your head spin! Baseball too has… Continue reading Blockchain Fundamentals – Just Like Learning the Rules of Baseball
Blockchain as the new corporation – moving to a DAO
If you have not heard of the term DAO, it is the short form of Decentralized Autonomous Organization. You are going to hear it frequently in the blockchain era. Blockchain… Continue reading Blockchain as the new corporation – moving to a DAO
Caught in Blockchain’s Digital Headlights
Nolan Bauerle, an author at Coindesk, says that blockchain technology based on its qualities and merits is not the new technology. Instead, it is a blend of proven technologies being… Continue reading Caught in Blockchain’s Digital Headlights
Blockchain Digital Implementation Strategies
Blockchain technology is becoming more mainstream in business IT strategies in multiple industries. For instance, the food giant Walmart has announced several projects involving blockchain technology. Walmart, in collaboration with… Continue reading Blockchain Digital Implementation Strategies