What is a crypto whale and how do they impact the market?
The term “crypto whales” refers to users holding large amounts of crypto assets. These holders may not only be individuals but also hedge funds or organizations that invest on behalf of their customers. For instance, according to Etherscan, the largest holder of ETH is the Beacon Deposit Contract, which played a crucial role in Ethereum’s […]
What is the difference between Proof of Work and Proof of Stake?
Consensus algorithms define a stack of rules that coordinate the operation of a blockchain network. These rules include an algorithm for nodes’ operation, a reward plan and protocols established to achieve an agreement on the correct state of the blockchain and transaction records. The two most prevalent consensus algorithms are Proof of Work (PoW) and Proof of Stake […]