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Ethereum for Pros

You know the basics, now become an expert

  • What is proof of stake?

    While the Bitcoin blockchain acts as a virtual cheque book and ledger to process incoming and outgoing transactions, Proof-of-Stake is a type of consensus protocol that relies on a network of ‘validators’ with similar responsibilities to miners: ordering transactions and…

    1 minute read
  • What is a decentralised oracle network (DON)?

    A decentralised oracle network (DON) is a group of independent third-party services that actively seeks out real-world data such as weather updates or financial information and feeds it back to the blockchain, providing a bridge between the decentralised and centralised worlds.

    1 minute read
  • What is an ERC-20 token?

    ERC-20 tokens run on top of the Ethereum blockchain alongside its native currency – ‘Ether’ and can act similarly as either a currency or a representation of other tokens of value such as shares of a company, loyalty points or more.

    1 minute read
  • What is the Consensus Layer?

    Much like an upgrade to your operating system on your smartphone or laptop, Ethereum’s Consensus Layer is a series of upcoming upgrades to Ethereum’s blockchain that aims to improve its speed and capacity for transactions, reduce their cost and increase overall security.

    2 minute read
  • What is a beacon chain?

    The Beacon Chain is one of the key upgrades at the heart of the new Consensus Layer and is responsible for managing the new proof of stake blockchain protocol.

    1 minute read
  • What is sharding?

    Created as part of the upcoming changes in the Consensus Layer, sharding was proposed by Ethereum developers to split the infrastructure of the Ethereum blockchain into smaller pieces to support more users, improve efficiency and speed up the verification process.

    1 minute read
  • Understanding Ethereum fees: How gas works

    Ethereum transaction fees hit another all-time high (ATH) this week, with miners earning a record $500,000 in fees in a single hour. To better understand this, let’s break down how Ethereum transaction fees (or gas) work.

    6 minute read