See Also
ELI5 What is the Avalanche Protocol? [AVAX]
Avalanche is a next generation, post-Nakamoto consensus mechanism which was designed to incorporate the best features of previously existing protocols and add some of its own. Note: Avalanche is both the name of a consensus mechanism and the name of the DeFi platform that was built on top of it. Today, the term Avalanche refers […]
Who is “Team Rocket”, the creators of the Avalanche protocol?
The Avalanche protocol family creators’ true identity is, perhaps, cryptocurrency’s most poorly kept secret. Or is it? Why would such a great idea’s true creators want to keep their names private? Which brings us to an earlier question. Why did Satoshi Nakamoto want to keep his own identity private? Wouldn’t Satoshi be held at the […]
ELI5 Proof of Stake (PoS) – How does PoS work?
In the cryptocurrency universe, Proof of Stake (PoS) is one of the most popular alternatives to the Proof of Work (PoW) family of consensus mechanisms. While PoW systems invest large amounts of energy to make sure transactions are legit, PoS does not require mining hardware. Proof of Stake “miners” (stakers) must lock a financial stake […]
ELI5: Why is the “fast” Ethereum sync so slow?
Why is the geth sync so slow? I keep hearing this question again and again from Ethereum node operators. Why is it still so difficult to fully sync an Ethereum full node? Slow Geth Users have been complaining forever now about the notoriously slow geth sync on the official Ethereum wallet. Some even question the […]