COMMITTED TO THE FOREFRONT OF TECHNOLOGY & INNOVATION
At Athena Nodes, we are committed to excellence and innovation. We understand that blockchain technology is rapidly evolving, and we are dedicated to staying ahead of the curve.
WHAT IS BLOCKCHAIN VALIDATING?
Nodes are the workhorses of blockchain. They're computers running 24/7, verifying and storing every transaction. Through advanced cryptography, nodes make sure that each transaction is secure and tamper-proof.Find out more
What keeps a blockchain running smoothly? Consensus mechanisms. These algorithms make sure all nodes are on the same page. Whether it's Proof-of-Work, which uses complex mathematical puzzles to validate transactions, or Proof-of-Stake, where validators are chosen based on the number of coins they hold, consensus mechanisms keep the blockchain consistent and reliable.Find out more
A blockchain validator, also known as a node or a validator node, is a participant in a blockchain network that verifies transactions and creates new blocks in the blockchain.Find out more
Proof of Stake
Imagine you’re in a raffle, where the more tickets you hold, the higher your chances of being picked to win a prize.
In Proof of Stake, instead of racing to solve puzzles like in Proof of Work, the system picks one computer (node) to add the next block to the blockchain. The more cryptocurrency a node is willing to “lock up” as stake, the more likely it is to be chosen.
It’s like having more raffle tickets because you put more on the line. The chosen node gets rewarded with transaction fees for adding the block. This method uses less energy and resources than Proof of Work.
Proof of Work
Imagine you’re in a race where you have to solve a super tricky puzzle. The first one to solve it gets a prize!
In Proof of Work, computers (called miners) race to solve a complex math problem. The first computer to solve it gets to add the next block of transactions to the blockchain and is rewarded with some cryptocurrency.
This race happens over and over, and because solving the puzzle takes a lot of computing power and energy, it’s called “Proof of Work”. It proves that the computer did the work to earn that reward.