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What I Learned While Building My First Web3 Project

Konstantin Komelin on December 12, 2022

I started building MarrySign, a crypto-marriage app, during the Chainlink Hackathon Fall 2022 because I wanted to give any couple regardless of the...
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Tamojit Bhowmik

Great Blockchain definition . Nice job!!

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Konstantin Komelin

Thank you Tamojit!

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Tamojit Bhowmik

Can you help me with one question ? That do all blockchains need minning and if not then how does they build proof of work or what alternate does they use to keep the safety with blockchain?

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Konstantin Komelin

As far as I understand, Proof of Work (PoW), which is used by Bitcoin for example, implies "mining" - it's when you buy a special computer that mine new blocks to the network and you receive some compensation for your work/resources spent.

Most of the others use Proof of Stake (PoS), which Ethereum has recently switched too. It implies staking - it's when you "deposit" your crypto for the network to use it for validating transactions. Here you receive some compensation as well.

For such theoretical topics, I recommend you watching @WhiteboardCrypto channel on Youtube.

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Tamojit Bhowmik

@WhiteboardCrypto channel on Youtube.

I actually follow this chanel and it is great helpfull .
Anyway thank you for your imformation. You were really helpfull!!

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Konstantin Komelin

You're welcome buddy.