Token Curated Registries are online lists or directories that are managed and maintained by a group of people using tokens as a form of voting power. Anyone can propose an addition to the list, but the community decides which entries are accepted or removed by staking tokens and voting. This system aims to create trustworthy…
Category: Blockchain
Proof of Authority
Proof of Authority is a consensus mechanism used in some blockchain networks where a small number of approved participants, known as validators, are given the authority to create new blocks and verify transactions. Unlike systems that rely on mining or staking, Proof of Authority depends on the reputation and identity of the validators. This method…
Proof of Burn
Proof of Burn is a method used in some cryptocurrencies to verify transactions and create new coins. It involves sending tokens or coins to a public address where they cannot be accessed or spent, essentially removing them from circulation. This process is used to demonstrate commitment or investment in the network, as participants must sacrifice…
Sybil Resistance
Sybil resistance is a set of techniques used to prevent or limit the impact of fake or duplicate identities in online systems. Without these protections, one person could create many accounts to unfairly influence votes, gain rewards, or disrupt services. Sybil resistance helps ensure that each user is unique and prevents abuse from people pretending…
Beacon Chain
The Beacon Chain is a core part of Ethereum’s transition from proof-of-work to proof-of-stake. It acts as a new consensus layer, helping keep the network secure and managing the process of validating transactions and blocks. The Beacon Chain went live in December 2020 and later merged with the main Ethereum network to coordinate validators and…
Fork Choice Rules
Fork choice rules are the guidelines a blockchain network uses to decide which version of the blockchain is the correct one when there are multiple competing versions. These rules help nodes agree on which chain to follow, ensuring that everyone is working with the same history of transactions. Without fork choice rules, disagreements could cause…
Decentralized Oracle Networks
Decentralised Oracle Networks are systems that connect blockchains to external data sources, allowing smart contracts to access real-world information securely. Instead of relying on a single data provider, these networks use multiple independent nodes to fetch and verify data, reducing the risk of errors or manipulation. This approach ensures that data entering a blockchain is…
Liquidity Mining
Liquidity mining is a process where people provide their digital assets to a platform, such as a decentralised exchange, to help others trade more easily. In return, those who supply their assets receive rewards, often in the form of new tokens or a share of the fees collected by the platform. This approach helps platforms…
Yield Farming
Yield farming is a way for people to earn rewards by lending or staking their cryptocurrency in special online platforms called decentralised finance, or DeFi, protocols. Users provide their funds to these platforms, which then use the money for things like loans or trading, and in return, users receive interest or new tokens as a…
Staking Derivatives
Staking derivatives are financial products that represent a claim on staked cryptocurrency and the rewards it earns. They allow users to access the value of their staked assets without waiting for lock-up periods to end. By holding a staking derivative, users can trade, transfer, or use their staked funds in other financial activities while still…