Decentralized System: A Complete Guide To How They WorkBlockByte6 min read·Just nowJust now--Press enter or click to view image in full sizeDid you ever think that digital systems may be run without the involvement of any central agency? Blockchain and peer-to-peer systems have allowed us to rethink the storage, distribution, and processing of data. Lying at the core of the technology is a decentralized system.When compared to conventional centralised systems, a decentralized system allows many nodes to coe ...

Ethereum Network Update - Ethereum transitioned to a proof-of-stake (PoS) consensus mechanism three years ago [1] - The Ethereum Foundation announced a new privacy roadmap [1] Privacy Features - The roadmap aims to bring end-to-end privacy features to the Ethereum network [1] - Updates will make private transactions as seamless and cost-effective as public ones [1] - The roadmap includes Private Writes, Private Reads, and Private Proving [1]

Consensus Mechanism Update - Solana's Alpenglow proposal (SIMD-0326) has passed, with the voting period ending around September 2, 1:40 PM UTC [1] - Despite 62.6% of votes uncast, strong community support suggests Alpenglow will be upheld [1] - Alpenglow aims to reduce block finality from 12.8 seconds to approximately 150 milliseconds [1]

Consensus Mechanism Update - Solana's Alpenglow (SIMD-0326) proposal aims to reduce block finality time to approximately 150 milliseconds from 128 seconds [1] - The proposal requires a two-thirds majority vote to pass, with voting occurring during Epochs 840-842 (approximately 6 days total) [1] - As of Epoch 840, voter turnout is approximately 987% with 976% in favor of Alpenglow [1]