Tag: pow

What Is Sharding In Blockchain | Sharding Explained In Detail

Why is Sharding needed? Just before we dive into the nuances of Sharding & try to take the bull by the horns i.e. understand what is Sharding in blockchain, let’s first try to understand the need for it. The Blockchain evangelists & enthusiasts believe that Blockchain technology has the potential to shape a world with no disparity, ...

Proof of Work vs Proof of Stake – EXPLAINED!

First of all, what is mining? Mining – is a process of validating a transaction or block in a network by the process of complex algorithms to prove and validate the correctness of the transaction and thereby add the new block to the chain. In order to mine coins, you need to have high power ...