The algorithm “Proof of Work” (PoW) is one the most known in the cryptocurrencies ecosystem. PoW requires a computational work to verify transactions and getting the rewards. The effort done by the miners and required by the algorithm discourages the malicious behaviors.« Back to Glossary Index
Decentralization consists in the absence of control by one single person or entity. In a fully decentralized organization, the control will be equally shared by all the members. On the contrary, if the organization is centralized, the control will be held by one single figure.
Lightning Network is a P2P network which works as a second layer for Bitcoin. This network proposes that the blockchain registration should only serve to manage bidirectional payment channels. The transactions from these payment channels should register outside of the blockchain. Therefore, the network could increase the scalability without any damage over the decentralization or […]
A token is a physical or digital object with no intrinsic value but in a concrete context. A good example could be the chips in the casino, which have no value out of it. In a digital environment, the tokens can also be units of value which can grant rights to the owners within a […]