Proof-of-work

syscoin ethereum bridge protocol

Syscoin-Ethereum Bridge Protocol DApp Launched & Now Live for Users

Syscoin, one of the earliest crowdfunding blockchain projects, announces the successful mainnet launch of the Syscoin Bridge Protocol. For Syscoin, this represents a significant technological milestone in blockchain interoperability. However, the Syscoin Bridge is a zero counterparty bridge for moving tokens back and forth between the Syscoin and Ethereum Blockchains. The team working tirelessly on […]

consensus algorithms in blockchain

Consensus Algorithms in Blockchain Technology

Consensus algorithms in the blockchain technology are the primary roots of the network and are responsible for the nature of the network. Blockchain is completely secure because of the presence of the consensus protocol. Let us see what exactly is the consensus algorithms in the blockchain technology…

Amazon Acquires A Patent

Amazon Acquires A Patent for New Cryptographic System

Finally, Amazon acquires a patent for its cryptographic system which it filed way back in 2016. This system will incorporate the proof-of-work (PoW) algorithm. The patent plea was approved by the U.S. Patent and Trademark Office (USPTO) on the 14th of May. The document says one can generate the Merkle trees as a solution to […]

Is Blockchain Hackable

Is Blockchain Hackable? Here’s the Long Story Short!

The hype of blockchain technology came into existence with the launch of Bitcoin in 2007. Since then, although cryptocurrencies have gone through several ups and downs, the blockchain craze has been steadily increasing. However, taking a closer look, you’ll realize that the real hype is all about the distributed ledger property of blockchain that makes it immutable and hack-proof. These systems use high-level encryption for data transfers, yet the question that arises is: Is blockchain really hack-proof?