Latest posts of: zelenkova

Week 19/04-25/04
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Literally Proof of Work is translated as "proof of work" or proof of the work done. If we interpret this transfer to the crypto-currency sphere, then the computing operations of the equipment are accepted here. Proof of Work is such a mechanism for verifying that the work (calculation of the same mining) has been carried out.
Proof of Stake. Literally this term can be translated as a proof of a share of possession. If the crypto currency uses this consensus algorithm, then transaction validation occurs through the network nodes. Roughly speaking, the more a person's crypto currency is on his wallet, the more chances he has to find a new unit and confirm the authenticity of the transaction, getting a reward for it.

One of the largest crypto-currency exchanges in India has appealed to the country's Supreme Court with a demand to recognize as unconstitutional the circular RBI, which prohibits the circulation of crypto-assets by the decision of the central bank of India.
The country's Supreme Court demanded an explanation from the national reserve bank RBI, where it is prescribed to recognize illegal all actions with crypto-active assets. The currency exchange asks to recognize the highest court of the country as an unconstitutional ban, because it contradicts the current Indian legislation.

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