The Blockchain Article Compound - Page 4 of 4 - Blockchain Compound

The Blockchain Article Compound

What is Proof of Work or (Pow)

PoW Energy mining bitcoin

First off lets define what a consensus mechanism is. A consensus mechanism is a process or algorithm used to ensure that the participants in a decentralized system (such as a blockchain network) reach agreement on the current state of the…

Little Timmy discovers the Blockchain

Timmy discovers blockchain

Once upon a time, in a land far, far away, there was a young boy named Timmy. Timmy was a curious and adventurous kid who loved to learn new things. One day, while exploring the forest near his home, he…

What are NFT’s?

non-fungible token

An NFT, or non-fungible token, is a digital asset that represents ownership of a unique item or piece of content, such as a digital artwork, collectible, or even tweet. Unlike traditional cryptocurrencies like Bitcoin, which are fungible (interchangeable and identical),…

Who can build a blockchain?

In theory anyone can build a blockchain… Blockchain technology is based on open-source software, which means that the code is publicly available and can be modified and distributed by anyone. To create your own blockchain, you would need to have…

The multiple meanings of Compound

Compound

“COMPOUND” symbolizes how blockchain technology can bring people from all around the world together. Blockchain technology, like compound interest has the ability to grow and connect people in ways that were once thought impossible. By using blockchain, people can securely…

What is Compound Interest?

Compound Interest

Compound interest is a type of interest where the interest earned on an investment is added to the initial principal, so that the interest earned in the next period is based on both the principal and the accumulated interest from…