Consensus mechanisms are methods used by distributed networks to achieve agreement on the current state of the ledger. These mechanisms ensure that all nodes in the network agree on the
Distributed Ledger Technology (DLT): Basics and Functionality
Distributed Ledger Technology (DLT) represents a technological infrastructure that allows for the sharing, synchronization, and maintenance of data across multiple locations or nodes without the need for centralized control. DLT
Smart contracts are self-executing contracts that automatically perform actions when predefined conditions are met. They operate on blockchain technology, enabling secure, transparent, and automated value exchanges between parties without the
Cryptography is the science of protecting information through encryption and other security techniques. In the context of cryptocurrencies and digital tokens, cryptography is crucial for ensuring the security, privacy, and
Mining is the process of verifying and adding new transactions to a blockchain network. It is a key mechanism that ensures the security and decentralization of networks like Bitcoin and
Non-Fungible Tokens (NFTs): Basics and Applications
Non-Fungible Tokens (NFTs) are unique digital tokens representing ownership of specific assets, whether it's artwork, music, videos, or even virtual assets in games. Unlike cryptocurrencies which are interchangeable (one Bitcoin
