Tag proof-of-stake

Proof of Stake Explained

Proof of Stake
The consensus is the key to every blockchain. It is the consensus that enforces transaction ordering. Among many other responsibilities, the consensus also helps in promoting honest actors and punish bad actors in the network.  Bitcoin introduced Proof-of-Work(PoW) as it’s…

Beacon Chain: Heart of Ethereum 2.0

Ethereum Beacon Chain
Beacon Chain is the heart of Ethereum 2.0. It is the base upon which the rest components like Shard, eWasm, and cross-link will be built. It (PoS based chain) will run parallelly with the Mainnet (PoW based chain). Beacon chain is mainly made for the validators.