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Nervos: An In-Depth Overview of a Blockchain Network Built for Modularity
This article seeks to be the be-all and end-all resource for the underlying architecture and value proposition of the Nervos network. Nervos is a modular blockchain network built from the ground up to
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nervos
Nervos·24 mins
ASIC-Resistance, is it possible?
ASIC-Resistance describes the ability of a blockchain's mining algorithm to resist implementation of specialized hardware called ASICs (Application-Specific Integrated Circuits). ASICs are specificall
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pow
Nervos·3 mins
What are Payment Channels?
Payment channels are a unique solution to the scalability problems decentralized blockchains face; they allow for faster and more efficient transactions. What are Payment Channels? Payment channels ar
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Nervos·3 mins
Blockchain Trilemma: The Ultimate Guide
What is the Blockchain Trilemma? The Blockchain Trilemma is a theory, proposed by Ethereum founder Vitalik Buterin, stating that blockchain networks can’t be secure, decentralized, and scalable all a
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Nervos·6 mins
Common Knowledge Base: Understanding Our Ethos
An essay on time preference and building future-proof blockchains. The remarkable speed of change in the blockchain industry has increasingly been steering the space toward high time preference thinki
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nervos
Nervos·8 mins
Layer 1 vs. Layer 2 Blockchain Networks: What is the Difference?
Layer 1, in the context of blockchain networks, refers to the base layer chain where transactions are settled with finality. On the other hand, Layer 2 networks are scaling solutions built on top of
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blockchain
Nervos·8 mins
The UTXO Model Explained
The Unspent Transaction Output (UTXO) accounting model plays a critical role in the functioning of Bitcoin and other UTXO-based cryptocurrencies. It ensures the accurate tracking of coin ownership ch
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utxo
Nervos·3 mins
UTXO vs. Account-Based Blockchains - Benefits and Drawbacks
UTXO (left) vs. Account-Based (right) can be imagined like cash transaction vs. bank transfer The UTXO and account-based models represent the two most popular bookkeeping methods in the blockchain sp
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utxo
Nervos·5 mins
What Are Optimistic Rollups? Everything You Need to Know
Optimistic rollups are Layer 2 scaling solutions designed to offload some of the transaction processing from the underlying Layer 1 blockchains they're built on to increase their transaction throughpu
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scaling
Nervos·7 mins
What is a 51% Attack in Cryptocurrency?
What Is a 51% Attack and How Does It Work A 51% attack is an attack on a cryptocurrency when а miner or group of miners successfully hijacks and controls more than 50% of a blockchain's hash rate. By
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blockchain
Nervos·5 mins
What Is a Hash Function?
What Is a Hash Function? Hash functions are mathematical functions that take an input of any length and transform it into a fixed-length character string. They’re a staple encryption tool in cryptogr
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Nervos·8 mins
What Is Nakamoto Consensus?
Nakamoto Consensus, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is a Byzantine Fault Tolerant (BFT) consensus mechanism that combines Proof-of-Work with the "longest chain" rule
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pow
Nervos·5 mins
What Is the UTXO Alliance?
The UTXO Alliance is a collaborative initiative that brings together individuals and organizations working towards making the UTXO (Unspent Transaction Output) model more scalable, secure, and intero
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utxo
Nervos·1 mins
Why Is Proof-of-Work Required in Bitcoin?
Proof-of-Work (Proof-of-Work) is a consensus mechanism employed by blockchain networks, most notably Bitcoin, to validate transactions and create new blocks. It requires participants, called miners,
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pow
Nervos·3 mins
ZK-Rollups vs. Optimistic Rollups: What’s The Difference?
Rollups are powerful blockchain scaling solutions that have become very popular over the last two years. There are two types of rollups: zero-knowledge rollups (ZK-rollups) and Optimistic rollups, whi
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scaling
Nervos·7 mins