Tag: algorithm used Ethereum

How Is Polygon Different From Ethereum

Ethereum and Polygon are two different types of blockchains. Ethereum is a public blockchain that anyone can use, while Polygon is a private blockchain that is only open to approved participants. Ethereum uses a Proof of Work (PoW) consensus algorithm, while Polygon uses a Proof of Authority (PoA) algorithm. Polygon is also faster and more […]

What Algorithm Is Ethereum

What is Ethereum?  Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.  Ethereum is the first Turing complete cryptocurrency and has the ability to process transactions and contracts much faster than Bitcoin. Ethereum also allows developers to create decentralized applications […]