The method a blockchain uses to agree on which transactions are valid and in what order.
The method a blockchain uses to agree on which transactions are valid and in what order. Bitcoin uses proof-of-work (mining), while Ethereum switched to proof-of-stake. Different mechanisms have different tradeoffs between security, speed, and energy use.
A consensus mechanism where miners solve computational puzzles to create blocks and earn rewards.
A consensus mechanism where validators stake tokens as collateral to secure the network.
A node operator who validates transactions and creates blocks on a proof-of-stake network.
Application Binary Interface.
A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.
The way Ethereum and many other chains track balances.
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