Cryptocurrency Q&A
What is the algorithm of Zilliqa?
What is the algorithm of Zilliqa?
Tommaso
Sat Sep 21 2024
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6 answers
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Could you please explain in detail what the algorithm of Zilliqa is? I understand it's a blockchain platform designed for high throughput, but I'm curious about the specific mechanics behind it. How does it achieve scalability and what makes its consensus mechanism unique compared to other blockchain platforms? Additionally, could you elaborate on the security measures implemented to ensure the integrity of the network?
6 answers
DigitalDukedom
Mon Sep 23 2024
Notably, Keccak was eventually standardized as SHA-3, a widely-adopted secure hash algorithm. However, it's crucial to distinguish between Keccak and SHA-3, as they serve different purposes and have distinct properties.
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CryptoEagle
Mon Sep 23 2024
The Zilliqa blockchain employs the Ethash algorithm, a well-established cryptographic mechanism rooted in Ethereum's technology. This algorithm serves as the cornerstone for verifying transactions and maintaining the integrity of the blockchain.
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Valentina
Mon Sep 23 2024
Ethash functions as the proof-of-work mechanism in Ethereum-based systems. It requires miners to solve complex mathematical puzzles, thus validating transactions and earning rewards in the form of cryptocurrency.
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GeishaMelody
Mon Sep 23 2024
A key component of Ethash is Keccak, a cryptographic hash function. Hash functions transform data into unique, fixed-length strings, making it difficult for attackers to manipulate or predict the outcome.
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Chiara
Sun Sep 22 2024
The integration of Ethash into Zilliqa underscores the platform's commitment to leveraging proven blockchain technologies. By adopting a familiar proof-of-work mechanism, Zilliqa aims to provide users with a secure and reliable environment for conducting transactions.
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