Parachain

Parachain

A parachain(parallelizable chain) is a simpler form of blockchain.Blockchains today come in a pretty standard form consisting of two parts. The first part is the consensus algorithm, which provides security. The second part is the state machine, which provides the...
Blockchain trends in Consensus 2019

Blockchain trends in Consensus 2019

Consensus 2019 was enormous and these are the five principle trends that you can see from the talks that occurred at the occasion, which kept going three days from May 13 to 15. Amazon Entering the Crypto World Amazon is likely the most obvious feature. The...
Pala consensus

Pala consensus

Open blockchain platform provider ThunderCore has quite recently released proof-of-concept code for another consensus convention, named Pala, on GitHub. As per Elaine Shi, chief scientist for ThunderCore, the work speaks to “a dream consensus protocol.” As...
Proof of Elapsed Time

Proof of Elapsed Time

Proof of elapsed time (POET) is a blockchain network consensus mechanism algorithm that prevents high resource utilization and high energy consumption and keeps the process increasingly effective by following a fair lottery system.   Breaking it down POET is a...
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