1. Introduction & Overview What is a Hash Function? A hash function is a cryptographic algorithm that takes an arbitrary-size input (data) and produces a fixed-size output, commonly referred to…
Introduction & Overview The genesis block is the foundational element of any blockchain, serving as the first block in the chain and setting the stage for all subsequent transactions and…
1. Introduction & Overview In blockchain ecosystems, the term “fork” describes a situation where the blockchain network diverges into two possible paths forward. These forks can occur due to protocol…
Introduction & Overview What is Miner? A Miner in cryptoblockcoins refers to a participant (individual, entity, or hardware/software setup) in a blockchain network that validates transactions, solves complex mathematical puzzles,…
1) Introduction & Overview What is a Validator? A Validator is a network participant that: In PoW you burn electricity; in PoS you bond capital and reputation. That’s the vibe.…
Introduction & Overview What is a Node? A node in the context of cryptocurrency and blockchain (referred to as “cryptoblockcoins” in this tutorial) is a computer or device that participates…
1. Introduction & Overview What is a Consensus Mechanism? A consensus mechanism is the algorithmic protocol that ensures all participants in a distributed ledger or blockchain agree on the current…
1) Introduction & Overview What is a “Consensus Mechanism”? A consensus mechanism is the protocol a distributed set of nodes uses to agree on a single, canonical history of transactions…
1. Introduction & Overview What is a Distributed Ledger? A Distributed Ledger (DL) is a database spread across multiple nodes, regions, or institutions. Unlike a traditional centralized ledger maintained by…
1. Introduction & Overview Decentralization is one of the most important design principles of blockchain technology and the ecosystem of cryptoblockcoins. It shifts power and control away from central authorities…