Joey Hofmeister

Blockchain Explained

What Is A Blockchain? A Blockchain is a distributed ledger that is shared between a network of computers – more commonly known as nodes. Picture a network of 100 nodes that are all connected together and all of them have an identical copy of the distributed ledger.  This allows for decentralization because if one of

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Consensus mechanisms explained

Consensus mechanisms What is a consensus model? A consensus model (also known as a consensus algorithm or consensus protocol) is a mechanism that networks of connected computers use to work in tandem to maintain security. There are various consensus models, and there are new ones being created all the time, with different features and benefits,

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Cryptocurrency explained

Cryptocurrency Cryptocurrency is an encrypted digital currency that is secured through cryptography – which is essentially the use of codes to encrypt and thus secure data. Cryptocurrencies are stored and transacted on blockchains – a distributed ledger that keeps a record of all transactions to verify who owns what – and are virtually immune to

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Cross-Chain Bridges

What Are Cross-Chain Bridges? With the explosion of various blockchain ecosystems in recent years, the issue that has risen to the surface is that most Blockchains aren’t interoperable, meaning they don’t work seamlessly together. In the current crypto world, there are many blockchains with different structures and features but previously there was no way to

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