Blockmeadow

BlockMeadow provides technical in-depth protocol specific guides and articles along side with our monthly validator staking rankings. Aim cover over 100 + protocols and their validator node setup guides. What is Blockchain?Simply put, a blockchain is a special kind of database. The term blockchain refers to the whole network of distributed ledger technologies. According to Oxford Dictionaries, a ledger is "a book or other collection of financial accounts of a particular type. " It can be a computer file that records transactions. A ledger is actually the foundation of accounting and is as old as writing and money. What is staking?Crypto staking is the process of locking up crypto holdings in order to obtain rewards or earn interest. Cryptocurrencies are built with blockchain technology, in which crypto transactions are verified, and the resulting data is stored on the blockchain. Staking is another way to describe validating those transactions on a blockchain. Depending on the types of cryptocurrency you're working with and its supporting technologies, these validation processes are called "proof-of-stake" or "proof-of-work. " Each of these processes help crypto networks achieve consensus, or confirmation that all of the transaction data adds up to what it should.
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