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Ethereum Classic is a blockchain -based distributed computing platform that offers smart contract (scripting) functionality. [1] It is open source and supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM). Ethereum Classic maintains the original, unaltered ...
Ethereum enthusiasts gather for a Merge party in San Francisco in 2022. Ethereum 2.0 (Eth2) was a set of three or more upgrades, also known as "phases", meant to transition the network's consensus mechanism to proof-of-stake, and to scale the network's transaction throughput with execution sharding and an improved EVM architecture.
NiceHash. NiceHash is a cryptocurrency broker and exchange with an open marketplace for buyers and sellers of hashing power. The company provides software for cryptocurrency mining. The company was founded in 2014 by two Slovenian university students, Marko Kobal and Matjaž Škorjanc. [1] The company is based in The British Virgin Islands [2 ...
Unspent transaction output. In cryptocurrencies, an unspent transaction output (UTXO) is a distinctive element in a subset of digital currency models. A UTXO represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. The utilization of UTXOs in transaction processes is a key ...
Mining pool. In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid ...
Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012 ...
Equihash. Equihash is a memory-hard Proof-of-work algorithm introduced by the University of Luxembourg 's Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the 2016 Network and Distributed System Security Symposium. The algorithm is based on a generalization of the Birthday problem which finds colliding hash values.
Stellar is an open-source protocol for exchanging money or tokens using the Stellar Consensus Protocol. [ 1 ] The platform's source code is hosted on GitHub. Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers.