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Crypto 101: What is a consensus mechanism?

A blockchain consensus mechanism is a type of automated system that aims to accomplish two objectives: Provide a distributed, leaderless way to unanimously agree on data stored on a blockchain ledger. Make sure all network validators follow the rules of the protocol and perform their roles honestly. While it may be tempting to trust a…

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Busting Crypto Myths: You don’t own anything when you buy an NFT

For the uninitiated or crypto-curious people out there, non-fungible tokens (NFTs) represent one of the more colorful sectors of the cryptocurrency industry. How is it that duplicable, oftentimes wacky pieces of digital artwork can fetch extraordinarily high prices, and why are people flocking to buy these intangible items? It’s certainly a difficult topic to get your head…

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Crypto 101: What is the blockchain trilemma

Life is full of tradeoffs. Oftentimes, we can only maximize one outcome by sacrificing another. Sometimes these tradeoffs are not exactly 1:1 tradeoffs but are part of a more complex relationship. What are some examples of a trilemma? Realtors might say: a big house, great location, affordable price – pick two Chefs might say: big…