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Blockchain Explainers

Forkast.News’ growing knowledge base on blockchain technology and how it affects our world

13 articles

Explainers

What is Blockchain? (And Why You Should Care)

What is blockchain? And why does it matter?  Simply put, blockchain (a form of distributed ledger technology) scales trust. If you were explaining why blockchain matters to your mother, you might tell her that she will no longer need to go through a bank to make a payment to the electric company. Or go to […]
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Explainers

What is Proof of Stake?

Introduction The blockchain revolution is happening so fast, that it too is being revolutionized. Until now, the de facto mechanism to reach consensus on distributed ledgers has been Proof of Work (PoW), in which computers compete to solve fictitious mathematical problems. However, this system wastes a lot of energy and computer power. But now a […]