Category Archives: Binance Academy

What is a 51% Attack|Explained For Beginners

💡 A 51% attack is a potential attack on a blockchain network, where a single entity or organization is able to control the majority of the hash rate, potentially causing a network disruption. 📚 Read our articles to learn more about 51% AttackWhat Is a 51% Attack ▶️ Is a Blockchain Consensus Algorithm ▶️[Read more…]

What is Inflation|Explained For Beginners

💡 Inflation can be defined as the reduction of the purchasing power of a given currency. It’s the sustained increase in the price of goods and services in an economy. 📚 Read our articles to learn more about the EconomyWhat Is Inflation ▶️ Is Quantitative Easing (QE) ▶️ Does the Economy Work ▶️[Read more…]

Why Public WiFi is Unsafe |Explained For Beginners

💡 Free public WiFi is now available in many places. Airports, hotels, and coffee shops all promote free internet connection as an added benefit of using their services. For many people, being able to connect to a free internet on the go seems ideal. This would be particularly useful for the traveling business person, now[Read more…]

What is Delegated Proof of Stake (DPoS) |Explained For Beginners

💡 The Delegated Proof of Stake (DPoS) consensus algorithm is considered by many as a more efficient and democratic version of the preceding PoS mechanism and it is also used as an alternative to the Proof of Work consensus algorithm. 📚 Read our articles to learn more about DPoSDelegated Proof of Stake Explained ▶️[Read more…]

The History of Cryptography|Explained For Beginners

💡 Cryptography, the science of writing codes and ciphers for secure communication, is one of the most important elements that goes into making modern cryptocurrencies and blockchains possible. 📚 Read our articles to learn more about CryptographyThe History of Cryptography ▶️ History of Blockchain ▶️ ⏱️ TimestampsWhat is Cryptograph 00:00The Ancient Roots of[Read more…]

The Mathematics of Cryptography

Click here to enroll in Coursera’s “Cryptography I” course (no pre-req’s required):… STEMerch Store: the Channel: time donation): Watch Part 2: Instagram: Facebook Group:… ►My Setup:Space Pictures: Floating Globe: Tube: Source : Binance Academy Youtube Binance

What is The Internet of Things (IOT)|Explained For Beginners

💡 The first known use of the IoT was at MIT, where university students used cheap sensors to monitor and restock their cola dispenser machine. IoT technology is basically the internetworking of multiple physical devices and objects and usually consists of a network of sensors and non-computing devices that communicate with computers or and devices[Read more…]

What is Lightning Network|Explained For Beginners

💡 The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other[Read more…]

What Is Ripple (XRP)|Explained For Beginners

💡 Formerly known as OpenCoin, Ripple is a privately held company that is building a payment and exchange network (RippleNet) on top of a distributed ledger database (XRP Ledger). The main goal of Ripple is to connect banks, payment providers and digital asset exchanges, enabling faster and cost-efficient global payments. 📚 Read our articles to[Read more…]

What is Bitcoin|Explained For Beginners

💡 Bitcoin is the first cryptocurrency ever created. It is, basically, a digital form of money that is highly resistant to frauds and cannot be copied or destroyed. Computer and network technologies have advanced to its current state through one universal property of digital information: most of it can be easily copied. 📚 Read our[Read more…]