Day: March 1, 2021

 In 2010, in the early days of Bitcoin’s creation, BM challenged Satoshi Nakamoto and believed that Bitcoin’s consensus mechanism must be changed and proposed improvements.  However, the arrogant Satoshi Nakamoto did not adopt it. After emphasizing the importance and necessity of Bitcoin decentralization, he responded aggressively: If you don’t believe me or don’t get it, I don’  t have time to try to convince you, sorry.  Several years later, BM founded EOS and realized his own consensus mechanism.  Since it is a rumor, let’s just listen to it.  But when it comes to consensus mechanisms, there are many things to explore.  With the development and evolution of technology, the current mainstream consensus is PoW, PoS and PoS variants. Which consensus is better has always been a hot...

 On public chains such as Bitcoin or Ethereum, anyone can read and write data.  Reading data is free, but it costs a certain amount to write data to the public chain. This overhead helps prevent spam and protects its security through payment.  Any node on the network (each connected device containing a copy of the ledger is called a node) can participate in a method called mining to protect the network.  Since mining requires computing power and electricity fees, miners need to be paid for their services. This is also the origin of miners’ fees.  However, the problems caused by miners in mining have become increasingly prominent:  Electricity bill  The “mining” of the graphics card requires a long time to fully load the graphics card, the power consumption will be quite high, and ...