Proof of Importance (PoI): Definition, Importance & Benefits

Blockchain networks employ a consensus mechanism called Proof of Importance (PoI) to verify transactions and protect the network. The NEM (New Economy Movement) blockchain...

PBFT Consensus Blockchain: Fast And Enterprise Security

PBFT consensus blockchain A consensus technique called Practical Byzantine Fault Tolerance (PBFT) was created expressly to ensure that nodes in a distributed system can agree...

BFT Meaning, How Does BFT Works And Applications

BFT Meaning The ability of a distributed system to operate well and reach a consensus even when some of its components malfunction or behave maliciously,...

What Is Ethereum 1.0? Initial PoW Blockchain & ETH Evolution

What is Ethereum 1.0? Ethereum 1.0 premiered July 30, 2015. Vitalik Buterin presented a decentralised app creation white paper in November 2013. Buterin had an...

Unique Node List UNL: A Balance of Centralization & Trust

Unique Node List A fundamental part of the consensus mechanism of the XRP Ledger and the Ripple protocol, the Unique Node List (UNL) is mainly...

EEA Blockchain: Enterprise Ethereum And Industry Standards

EEA blockchain The global, member-led Enterprise Ethereum Alliance (EEA) promotes enterprise Ethereum blockchain adoption. Since its February 2017 inception, it has expanded from 30 members...

Testnet in Blockchain Differences Between Testnet & Mainnet

Testnet Before smart contracts and Decentralized Applications (DApps) are deployed to the mainnet, the live production blockchain, a testnet, also called a test network, is...

Quorum Slice: Decentralized Consensus In Distributed Systems

Quorum slice A key idea in some distributed ledger technologies, especially in the Stellar Consensus Protocol (SCP) and other decentralised consensus systems, is a quorum...

Mainnet Definition, Characteristics, How It Works & Examples

Blockchain Mainnet Definition Mainnet, short for "main network," is a fully functional, real-time blockchain where genuine transactions are recorded. A mainnet, unlike testnets or development...

Top Solidity Development Tools Build Secure Smart Contracts

Solidity Development Tools and Frameworks Solidity developers may create, test, and implement smart contracts safely and effectively with the help of an extensive ecosystem of...

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