Proof of Work

A Hash is a central concept in all modern communication, storage, and security. Some might even call Hashing the backbone of the internet. But when we say hash, what do we mean? Is it simply something to do with random numbers? Are numbers that important? This introduction may seem challenging, but the concept is not difficult. Of course, we will not enter into the details of the algorithm's functioning, but we will describe it in essence and see what a…

The advent of a decentralized, distributed, and self-fulfilling platform, i.e., blockchain, has revolutionized how we exchange value and information with each other for good. In many ways, blockchain will help us move away from the world with central regulatory bodies needed for brokering trust and towards a decentralized trust-less ecosystem. A world where technology shoulders the responsibility of federating trust. The belief is that Satoshi Nakamoto, the anonymous inventor(s) of Bitcoin and Blockchain technology, wouldn't have imagined that their novel…