Cryptoeconomics with Vlad Zamfir
A cryptocurrency has a distributed ledger called a blockchain. The blockchain keeps track of every transaction that occurs across the cryptocurrency. This blockchain must stay up-to-date and verified–which requires someone in the network to do that validation. Bitcoin and Ethereum use the proof-of-work algorithm. Miners do computational work to validate the legitimacy of transactions across The post Cryptoeconomics with Vlad Zamfir appeared first on Software Engineering Daily.