Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Security at a Cost
Bitcoin is one of the most secure protocols but what makes it incredibly secure is the physical resources and energy consumption required to take over the network. To distort and manipulate the blockchain, an attacker requires having the majority control of the hashing power. Security comes at a cost and the energy consumption will increase over time as the Bitcoin network grows.
But what if you can have your cake and eat it too? Use a fraction of the energy consumption with the same level of security.
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Significant Energy Savings
- Cardano : 6 gigawatts = ~2 average power plants
- Bitcoin : 115,850 gigawatts = Rank 31st in country’s energy consumption, surpassing the Netherlands.
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Same Security, More Energy Efficient
To distort Cardano’s network you would need to control the majority ada. Below is a calculation of the amount of money required to have majority control of Cardano’s network.
- 31,948,309,441 ADA – Circulating supply
- 16,293,637,815 ADA – 51% of the circulating supply
- US$1...
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PoW vs PoS
There are two most common types of consensus protocols, proof of work (PoW) and proof of stake (PoS). A consensus protocol has a few main functions; selecting a block producer, validating the block is correct, and rewarding the block producer. The biggest difference between PoW with Bitcoin and P...
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Bitcoin has a first-mover advantage. It's the first of its kind and dominates the global market share. However, it also suffers from significant flaws that could kill it.
It's the Model T of the blockchain revolution.
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7 Things You Need To Understand About Anxiety And Depression
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- Think of your anxiety as a biological problem, rather than thinking there is something wron...
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