Cryptocurrency Encyclopedia

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In which field was blockchain technology first applied?

Mar 16,2025 at 06:30pm

Key Points:Blockchain's initial application wasn't in finance, but rather as a foundational technology for cryptocurrencies.Satoshi Nakamoto's Bitcoin whit...
What does TPS mean in blockchain?

Mar 16,2025 at 03:20pm

Key Points:TPS stands for Transactions Per Second, a crucial metric measuring a blockchain's processing capacity.Different blockchains have vastly differen...
What is the gas fee in blockchain?

Mar 16,2025 at 05:36am

Key Points:Gas fees are transaction fees on Ethereum and other compatible blockchains.They compensate miners/validators for processing transactions.The amo...
What is "blockchain sharding"? How does it increase the processing power of the blockchain?

Mar 16,2025 at 12:15am

Key Points:Blockchain sharding divides a blockchain's data into smaller, more manageable pieces called shards.Each shard is processed by a subset of nodes,...
What is the difference between the public chain and private chain of blockchain?

Mar 15,2025 at 11:50pm

Key Points:Public vs. Private: Public blockchains are open and permissionless, while private blockchains are permissioned and controlled.Transparency & Sec...
What is a fork in blockchain?

Mar 15,2025 at 10:16pm

Key Points:A blockchain fork is a divergence in the blockchain's history, creating two separate chains.Forks can be hard forks, requiring a software update...
What is "gas fee" in blockchain? How is it calculated?

Mar 15,2025 at 04:00pm

Key Points:Gas fees are transaction fees paid to miners or validators on a blockchain network to process transactions.The calculation of gas fees depends o...
How does blockchain technology work?

Mar 15,2025 at 03:55pm

Key Points:Blockchain technology uses a decentralized, distributed ledger to record transactions.This ledger is replicated across multiple computers, makin...
What is a node in a blockchain? What types of nodes are there?

Mar 15,2025 at 01:06pm

Key Points:A blockchain node is a computer that participates in the network, validating and storing transactions.Different types of nodes exist, each with ...
What are the decentralized storage solutions in blockchain and how do they work?

Mar 15,2025 at 05:50am

What are the Decentralized Storage Solutions in Blockchain and How Do They Work?Key Points:Decentralized storage's core principle: Eliminating single point...
How is the anonymity of blockchain achieved?

Mar 15,2025 at 05:15am

Key Points:Blockchain's anonymity is not absolute but relies on various techniques to obfuscate user identities.Pseudonymity, not true anonymity, is the co...
What is a fork? What is the difference between a hard fork and a soft fork in a blockchain?

Mar 15,2025 at 04:46am

Key Points:A fork in a blockchain occurs when the blockchain's history diverges, creating two separate chains.Hard forks involve incompatible changes to th...
What is a "state channel" in blockchain? How does it improve transaction efficiency?

Mar 15,2025 at 03:25am

Key Points:State channels are off-chain solutions that enable faster and cheaper transactions within a blockchain network.They achieve this by moving trans...
What is an "oracle" in blockchain? How does it connect on-chain and off-chain data?

Mar 14,2025 at 10:45pm

Key Points:Oracles bridge the gap between blockchain's isolated environment and the real world.They provide verifiable off-chain data to smart contracts, e...
How is blockchain applied to the gaming industry?

Mar 14,2025 at 10:10pm

Key Points:Blockchain technology offers enhanced security and transparency in game assets.Non-fungible tokens (NFTs) are revolutionizing in-game item owner...
What does the immutability of blockchain mean?

Mar 14,2025 at 08:51pm

Key Points:Immutability in blockchain refers to the inability to alter or delete data once it's recorded. This is achieved through cryptographic hashing an...
What does mining mean in blockchain?

Mar 14,2025 at 07:55pm

Key Points:Mining in blockchain refers to the process of verifying and adding new transactions to a distributed ledger.Miners use powerful computers to sol...
What are the main features of blockchain technology?

Mar 14,2025 at 07:31pm

Key Points:Decentralization: Blockchain's core feature, eliminating single points of failure and control.Immutability: Once recorded, data is virtually una...

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