Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look. What factors contribute to transaction fee sizes? The two main factors affecting fees are the size of a transaction, and demand for block space. Given that some networks can only contain a…
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It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective. Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake. There are others, but these systems are common and power many of…
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Compared to traditional cloud servers, decentralized solutions for data storage claim to be secure, private and efficient, but can they address the scalability issue? Cloud servers are able to keep a full record of our lives, storing literally everything from personal photos and videos from our smartphones to work documents. At first glance, this solution…
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