1. Introduction & Overview What is a DAO? A Decentralized Autonomous Organization (DAO) is an organization represented by rules encoded as smart contracts on a blockchain. These rules are transparent,…
1. Introduction & Overview What is a DApp (Decentralized Application)? A Decentralized Application (DApp) is a software application that runs on a decentralized network, typically a blockchain, rather than a…
1. Introduction & Overview What is Web3? Web3 represents the next evolutionary phase of the internet, shifting from centralized platforms (Web2) to decentralized protocols, applications, and services based on blockchain…
1. Introduction & Overview What is Block Reward? A block reward refers to the incentive cryptocurrency miners or validators receive for successfully processing and validating a new block of transactions…
1. Introduction & Overview What is Block Time? Block Time refers to the average time taken to generate a new block in a blockchain network. It is a core concept…
1. Introduction & Overview What is Finality? In blockchain and distributed systems, finality refers to the guarantee that a transaction cannot be reversed or altered once it is confirmed. In…
1. Introduction & Overview What is Nakamoto Consensus? Nakamoto Consensus is a cryptographic consensus mechanism introduced by Satoshi Nakamoto in the Bitcoin whitepaper. It enables decentralized networks to agree on…
1. Introduction & Overview What is Byzantine Fault Tolerance (BFT)? Byzantine Fault Tolerance (BFT) is the capability of a system—especially a distributed one—to continue functioning correctly even if some nodes…
1. Introduction & Overview What is Proof of History (PoH)? Proof of History (PoH) is a cryptographic clock that allows for verifiable timestamps of events or transactions. It is a…
1. Introduction & Overview What is Proof of Authority (PoA)? Proof of Authority (PoA) is a consensus algorithm used in blockchain networks where pre-approved nodes (authorities) validate transactions and blocks.…