blogKnowledge base
hotPopular Posts
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
cover
scaling
Nervos·7 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,
cover
pow
Nervos·3 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
cover
utxo
Nervos·1 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
cover
pow
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
cover
popular
Nervos·8 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
cover
blockchain
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
cover
scaling
Nervos·7 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
cover
utxo
Nervos·5 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
cover
utxo
Nervos·3 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
cover
blockchain
Nervos·8 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
cover
nervos
Nervos·8 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
cover
popular
Nervos·6 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
cover
popular
Nervos·3 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
cover
pow
Nervos·3 mins
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
cover
nervos
Nervos·24 mins