Validium scaling is a method used to increase the number of transactions a blockchain can handle by processing data off the main chain. It keeps transaction data outside the blockchain while using cryptographic proofs to confirm transactions are valid. This approach helps to lower costs and make transactions faster, without overloading the main network.
Rollup compression is a technique used in blockchain systems to reduce the size of transaction data before it is sent to the main blockchain. By compressing the information, rollups can fit more transactions into a single batch, lowering costs and improving efficiency. This method helps blockchains handle more users and transactions without slowing down or…
Payment channels are a technology that allows two parties to conduct multiple transactions between each other without recording every transaction on a public blockchain. Instead, only the opening and closing balances are recorded, which helps reduce fees and increase transaction speed. This method is commonly used to make frequent or small payments more efficient.
State channel networks are systems that allow parties to conduct many transactions off the main blockchain, only settling the final outcome on-chain. This approach reduces congestion and transaction fees, making frequent exchanges faster and cheaper. State channels are most often used for payments or games, where participants can interact privately and only broadcast a summary…
Privacy-preserving smart contracts are digital agreements that run on blockchains while keeping user data and transaction details confidential. Unlike regular smart contracts, which are transparent and visible to everyone, these use advanced cryptography to ensure sensitive information stays hidden. This allows people to use blockchain technology without exposing their personal or business details to the…
Differential privacy is a technique that protects the privacy of individuals in a dataset by adding mathematical noise to the data or its analysis results. In blockchain systems, this method can be used to share useful information from the blockchain without revealing sensitive details about specific users or transactions. By applying differential privacy, blockchain projects…
Proof of History is a cryptographic method used to create a historical record that proves an event has occurred at a specific time. It works by producing a series of hashes, each building on the previous one, making it easy to verify the sequence and timing of events. This approach allows computers in a network…
Proof of Space is a method for proving that a participant has allocated a certain amount of storage space to a task or process. It is used as an alternative to proof of work in some blockchain and distributed systems, where instead of requiring computational power, participants show they have set aside disk space. This…
Blockchain is a digital system for recording transactions in a way that makes them secure, transparent, and nearly impossible to alter. Each block contains a list of transactions, and these blocks are linked together in a chain, forming a permanent record. Cryptography is the use of mathematical techniques to protect information, making sure only authorised…
Batch auctions are a way of selling or buying items where all bids and offers are collected over a set period of time. Instead of matching each buyer and seller instantly, as in continuous trading, the auction processes all orders together at once. This approach helps to create a single fair price for everyone participating…