How New Blocks Are Distributed on Ethereum: A Step-by-Step Explanation When a new block is created on the Ethereum blockchain, it’s not just about adding it to the list of existing blocks. In fact, it involves a complex process that involves several steps and checks. Here’s a detailed explanation of how a new block is […]
Ethereum Mining: What You Need to Know Before You Start As a potential Ethereum miner, you’re probably considering entering the lucrative mining market. With an initial investment of around $100 in hash power and a monthly profit of around $2,094.25, it may seem like a lucrative venture. However, there are a few factors to consider […]
Here is the article: Update to Ethereum Web3 v4.7.0: simple capture of outgoing events As a developer building complex applications based on the Ethereum blockchain, one of the most challenging tasks we face is processing events coming from the network. In our case, we upgraded from version 1.x.x (the old version) to version 4.7.0 (our […]
The Limits of Proof of Work: Why Miners Can’t Always Choose a Low Block Hash In the world of cryptocurrency mining, there’s a fundamental principle at play: proof of work (PoW). It’s what allows miners to validate transactions and create new blocks on the Ethereum network. However, despite its name, PoW isn’t as simple as […]
The Evolution of NFTs: From Static Images to Generative Art NFTs, or Non-Fungible Tokens, have revolutionized the world of digital art and collectibles. Originally introduced as a way to verify ownership of unique digital assets, NFTs have evolved into a powerful medium for creating and selling unique, one-of-a-kind pieces. In this article, we’ll explore the […]