Of Blockchain Technology, Sustainability, and Applicability

Written by taygundogan | Published 2019/10/07
Tech Story Tags: blockchain | proof-of-work | proof-of-stake | crypto | latest-tech-stories | pow | forging-vs-minting | blockchain-money-transfer

TLDR In this article we discuss the technical aspects of the blockchain technology, Bitcoin and the algorithms it uses and applications for the technology. Bitcoin is still at the top and was the first to introduce the Proof of Work algorithm, which we'll talk about in a moment. Bitcoin miners can use CPU and GPU which means the electricity cost can be quite high. In the PoS system, blocks are ‘forged’ or ‘minted’, not mined, in which the user validates transactions and generates new blocks.via the TL;DR App

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Written by taygundogan | "Long Bitcoin, Short The Banks" @nuxxorcoin
Published by HackerNoon on 2019/10/07