What Is a Smart Contract Oracle? A smart contract oracle is a tool that helps smart contracts get information from the real world. Smart contracts are like digital agreements that run on a blockchain. They can do many things, but they need data to work properly. Understanding Smart Contracts Smart contracts are programs stored on…
What is Proof-of-Work (PoW)? Proof-of-Work, or PoW, is a way for computers to agree on things in a network. It helps keep the network safe and secure. In PoW, computers solve hard math problems to add new blocks to a blockchain. When a computer solves a problem, it gets a reward. This reward is usually…
What is UTXO? UTXO stands for Unspent Transaction Output. It is a way to keep track of Bitcoin transactions. Each Bitcoin transaction has outputs that can be used later. When you send Bitcoin, you use UTXOs. What is the Account Model? The account model is used by Ethereum. In this model, each user has an…
What is Blockchain? Blockchain is a special way to keep records. It is like a digital notebook. This notebook is shared with many people. Everyone can see the pages, but no one can change them. How Does Blockchain Work? Blockchain works in blocks. Each block is like a page in the notebook. When we add…
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