Education

Blockchain consensus mechanisms blackboard depicting math for coming to consensus

Blockchain consensus mechanisms: Proof of Work, Proof of Stake, and hybrid mechanisms

What’s a consensus mechanism? Every computer network needs a way to ensure that all connected devices are in agreement about the state of the network: whether data is valid, where and how it should be sorted, etc. For centralised networks, reaching this consensus is easy: the central server dictates the correct state of the network …

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Isometric Loki green cryptocurrency "Sale" sign on white block background with Mac-style application title bar above it and shopping bag beside it.

How to sell cryptocurrency: Crypto selling basics

The process of selling cryptocurrency is generally the reverse of buying crypto. And just like buying crypto, the process will change depending on what kind of exchange you’ve chosen to use: Regular trading platform, brokerage service, or direct trading service. No matter which platform you’re using, though, you’ll need to move your crypto from your personal wallet …

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Centralized network (group of nodes linked to central node) juxtaposed with decentralized network (group of interlinked nodes)

Centralized vs decentralized networks

The words ‘centralized’ and ‘decentralized’ are thrown around a lot in the cryptocurrency world. That’s because blockchain technology is generally decentralized — blockchains were created as a viable alternative to centralized networks. But what do ‘centralized’ and ‘decentralized’ mean, exactly? The difference: Power and control Any system or network is either centralized or decentralized, depending …

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Lokinet: Understanding testnet vs. mainnet

We hope Lokinet will one day help revolutionise privacy and security online, but it’s currently still in beta. During the beta period, Lokinet and its SNApps — websites and applications that operate entirely over Lokinet — are running on the Lokinet ‘testnet’, rather than the ‘mainnet’. So what does that mean for Lokinet and its …

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