Tag: Blockchain

A mainnet is a fully developed and released version of a blockchain network. This stands in contrast with a testnet, which is generally used to perform tests and experiments on a blockchain before a mainnet is released. Testnets are used while a blockchain is live for experimentation and development as to not disrupt the main chain. How Does a Mainnet Work? There are a few key phases that may occur before the mainnet stage. When a token...

Immutability refers to the property of data being irrevocably codified in the shared data ledger of a blockchain network once a transaction has been successfully completed. The vast majority of non-blockchain computer networks are changeable, which means that the information contained inside them may be changed, censored, or controlled by a central authority or organization. Immutability enables a blockchain network to guarantee the overall...

An angel investor contributes funds to a startup firm in its early phases of growth. Unlike venture capitalists, who are usually tied to a professional venture capital business and invest a pooled money, angel investors are people who take risks on their own and fund a project they believe in. Angel investors are frequently compensated with shares in a startup in exchange for their support. If the enterprise succeeds, angel investors will...

GPU mining is a cryptocurrency mining method that uses graphics processor units (GPUs) rather than the central processing units (CPUs) that were used in the early days of the blockchain industry. The Radeon HD 5970 GPU-miner, for example, can process 3,200 32-bit instructions per clock.  This reflects an 800-fold improvement in power over a CPU’s four 32-bit instructions per clock. GPU mining is much more effective for...