Join Our 800,000+ Community
"Blockchain technologies like Bitcoin and Ethereum are at a base level distributed databases that are hosted by nodes. A consensus mechanism allows the distributed network of nodes to reach an agreement of the current state of the network, work together in sync and stay secure. For Ethereum and Bitcoin, the consensus mechanism is Proof of Work (PoW) where GPU-Miners compete to form new blocks with completed transactions that will be shared with the network and added to the chain. The winner is the fastest to solve complex math equations and is rewarded the underlying token of the network (i.e. ETH, BTC).
There are many consensus mechanisms but the two most popular ones are Proof of Work and Proof of Stake."
-Harsharn Singh, Investment Associate @ Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
Enjoying Ember?
March 20, 2023
Two new portfolio tournaments have arrived! Check the roster for more details.
March 17, 2023
This is who the Ember community thinks will win the F1 Saudi Arabian Grand Prix and Barcelona vs Real Madrid match this weekend.
March 15, 2023
Two new portfolio tournaments have arrived! This time, we're bringing sports into the crypto world. Check the roster for more details.