Written: 31st July 2018
Author: Aidan Finn (Chief Operating Officer, QPQ.io)
Variants of Blockchain have already delivered credible steps towards enterprise grade DLTs ever since the first seismic shift which was to introduce a Proof of Stake approach to validate transactions on the Blockchain, as an alternative to the original Proof of Work approach.
PROOF OF WORK BLOCKCHAIN:
The Proof of Work Blockchain runs across the whole world-wide network of “miners” who operate farms of expensive, highly tuned, mining computers. These miners race to solve the complex algorithms that are sent out across the network as each transaction or transfer is executed. …