Essays about: "Wilhelm Wanecek"

Found 1 essay containing the words Wilhelm Wanecek.

  1. 1. Electricity Consumption of a Distributed Consensus Algorithm

    University essay from Lunds universitet/Institutionen för elektro- och informationsteknik

    Author : Wilhelm Wanecek; [2021]
    Keywords : Energy efficiency; Payment systems; Stellar; Consensus algorithm; Digital currencies; Technology and Engineering;

    Abstract : The colossal electricity consumption of proof-of-work cryptocurrencies such as Bitcoin and Ethereum has caused critical examination of how consensus in blockchain-solutions is designed. Stellar is a decentralized, open-membership payment network built on blockchain technology, with the goal of enabling money to flow between banks, businesses and people across the global financial infrastructure, while minimizing latency and transaction fees. READ MORE