What is Proof of Work (POW)?
Proof of work (POW) is a decentralized consensus algorithm that blockchains utilize to deter attacks and ensure…
Scoops
Blockala Scoops are intended for the novice users of crypto who may not possess the technical background to understand a certain concept. Our mission is to provide quality, short, and easy to understand information that people can send to those people who may be more open to learn something new without getting a headache from information-overload!
What are dApps and the most popular ones today?
dApps, also known as decentralized applications, are run on blockchains and other peer-to-peer (P2P) networks. There is…
What is Proof of Stake (PoS)?
Proof of stake (PoS) is a consensus mechanism, where miners can mine or validate transactions on the…
What is a 51% attack?
A 51% attack isn’t a new concept in crypto-currency. The most recent one has occurre as recently…
The Pros and Cons of Hot and Cold Crypto Wallets
When dealing with crypto assets, there are two main types of wallets you can use to store…
What is a soft fork?
Unlike hard forks, soft forks are a bit easier to implement on blockchain networks. Something you may…
What is ERC-20?
If you have ventured into the world of crypto-currency, there’s a good chance you’ve heard of an…
How do stablecoins work?
Stablecoins are cryptocurrency assets that have been designed to remain relatively ‘stable’ in price. Stablecoins provide liquidity…
Blockala Scoops: What is hash rate?
Maybe you’ve heard of Bitcoin mining or maybe you just have heard about ‘hashing power’ and didn’t…
What is DeFi?
Decentralized Finance (DeFi) is the umbrella term used to describe a wide array of decentralized financial protocols…