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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":51,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Beacon Chain?","slug":"what-is-beacon-chain","section":"B","keyword":"Beacon Chain","status":"published","definition":"is in charge of managing and organizing the expanding network of shards and stakers.","content":"<p><strong>This blockchain called Beacon chain was introduced on December 1st, 2020. The beacon chain manages and organizes the expanded network of shards and stakers.</strong> Moreover, it will coordinate <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">proof-of-stake for Ethereum. The hope is that this will help <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum be more secure in the long run.</p>\n<p>A beacon chain is also required for establishing shard chains and assigning stakers to check shard chains at random.</p>\n<p>The proof-of-stake blockchain is said to be <strong>the core of the new Ethereum 2.0 system</strong>. It both maintains the system running and handles its users. <em>Like a security guard who is always on the lookout for what is going on around them.</em> To be more specific, validating, scanning, gathering votes, and rewarding.</p>\n<p>However, shard chains are used since Beacon Chain <strong>can&rsquo;t run <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</a></strong>.</p>\n<p>Ethereum had plans to swap for a proof-of-stake protocol for a while now. Since <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">proof-of-work is known to lack quite a few factors, such as ease of use, centralization, and convenience.</p>\n<p>Instead of miners exerting energy certifying blocks, randomly chosen verifiers that have <strong>at least a 32 ETH stake</strong>, offer alternative blocks that are voted on by other validators.</p>\n<p>The rewards go to the verifiers that attest to blocks correctly, nonetheless, the rewards also get taken away from offline users, or individuals that engage in malicious activities.</p>\n<p><strong>To administer the proof-of-stake protocol and shards chains, Beacon Chain also has to:</strong></p>\n<ul>\n<li>Take care of the verifiers and their stakes.</li>\n<li>Choose the block proposer for each shard at each stage.</li>\n<li>Add verifiers to groups so that they may vote on proposed blocks.</li>\n<li>Use the laws of consensus.</li>\n<li>Use bonuses.</li>\n<li>Be an anchor place for shards to register their stakes, in order to allow cross-shard transactions.</li>\n</ul>\n<p>The proof-of-stake system and the Beacon Chain are both secured. The next step for Ethereum 2.0 is setting-up shard chains. <strong>Shard chains will upgrade Ethereum's network to be easier to use, and faster overall.</strong></p>\n<p>Besides, Beacon Chain will take control of <strong>64 individual shards</strong>.</p>","level":"medium","meta_title":"What is Beacon Chain? Definition & Meaning | Crypto Wiki","meta_description":"Beacon Chain meaning: Beacon Chain - is in charge of managing and organizing the expanding network of shards and stakers.","meta_keywords":null,"language":"en","created_at":"2022-02-11T07:06:06.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-beacon-chain"},"prevSection":{"id":48,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Bandwidth?","slug":"what-is-bandwidth","section":"B","keyword":"Bandwidth","status":"published","definition":"the amount of data that can be transmitted per second.","content":"<p>Bandwidth can be mistaken for internet speed, nonetheless,<strong> it is the amount of data capacity available on a network for transactional</strong> <strong>activities</strong>. To be precise, it is measured by the number of megabytes or gigabytes per second that are processed on a network.</p>\n<p>You can also measure bandwidth by transmitting a file, or multiple files, counting the time of transfer also knowing the size of the file. The result is changed to bits per second by dividing the file size by the time necessary for the transmission.</p>\n<p>Many internet speed tests utilize this approach to calculate a user's computer's connection speed to the internet.</p>\n<p><strong>However, bandwidth has a limit. </strong>When the threshold is reached, the data flow becomes insufficient to handle the volume, and all connections slow down.</p>\n<p>Furthermore, speed shows how quickly the information is processed. Bandwidth, on the other hand, shows <strong>how much information reaches you per second</strong>. As an example, let&rsquo;s say you are making yourself a cup of black coffee from an espresso machine.&nbsp;</p>\n<p>If the holder is wider, it fits a larger coffee capsule, therefore, more coffee will flow at a faster speed. So, the pace of how fast the cup of coffee gets full is the speed, and bandwidth is the coffee.</p>\n<p>With blockchain technology, <strong>bandwidth might be tokenized and turned into a marketable and changeable asset</strong>. The asset could be exchanged in the same way as digital money or smart banking is. Nonetheless, instead of money, bits per second would be used.</p>\n<p>Nowadays, blockchain allows tokenizing anything valuable. Keeping that in mind, bandwidth might assist in the future of advanced technology.</p>\n<p>On a decentralized network, <strong>bandwidth might function as a type of currency</strong>. Stable currency should be long-lasting, consistent, divisible, and trustworthy. Bandwidth would not require a centralized financial institution to step in, since it can provide security and transparency on its own. Meaning that it can perform without the need for a central bank's assistance.</p>\n<p>However, at the moment, bandwidth doesn&rsquo;t have trustworthiness. It&rsquo;s mandatory to gain belief in the system in order to survive.</p>\n<p>Also, when several devices are connected to the same internet and performing high-capacity activities such as gaming, streaming, or watching a movie, additional bandwidth is required. Extra bandwidth ensures that devices maintain the same speed. After all, everyone wants their computer to work as quickly as possible.</p>\n<p>To be fair, bandwidth is super valuable, because it has limited resources. Similarly to cryptocurrencies. Besides, the infrastructure is developed to be able to deal with any circumstances.</p>\n<p>Since bandwidth is valuable due to scarcity, it is also relatively expensive. In that regard, the internet depends on it to operate and exist, so <strong>bandwidth has</strong> <strong>tangible worth</strong>. And the need for high-speed technology, like the demand for computer resources, is growing by the day.</p>\n<p>It is difficult to generate more bandwidth while the currency keeps its value. To see a rapid increase, people or local companies might need to take part in constructing the required infrastructure.</p>","level":"medium","meta_title":"What is Bandwidth? Definition & Meaning | Crypto Wiki","meta_description":"Bandwidth meaning: Bandwidth - is the amount of data that can be transmitted per second.","meta_keywords":null,"language":"en","created_at":"2022-02-11T06:18:00.000000Z","updated_at":"2022-11-17T12:36:52.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bandwidth"},"currentChapter":"B","currentSection":"what-is-banking-secrecy-act-bsa","chapterTitle":"B","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-banking-secrecy-act-bsa","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">