LEPTON MICROSOFT MAJORANA: WHAT’S the difference?
Microsoft recently revealed a new programming language dubbed Majorana. If you’ve been keeping track of the news about this, you’re probably thinking about what Majorana differentiates itself from Lepton Microsoft’s prior programming language, which was revealed in early 2016. These are the major differences between Lepton and Majorana to help you understand the distinctions between these two languages more clearly.
Different kinds of cryptocurrencies
Cryptocurrencies are digital types of money that employ encryption to protect transactions and control the production of coins They are therefore extremely secure and hard to counterfeit. They are valuable because they allow cross-border financial transactions, without requiring any interference from central authorities, such as banks or government agencies, and are uncentralized, resulting in lower transaction costs. A few cryptocurrencies you may be interested in are Bitcoin, Ethereum, Litecoin, Monero, Dash, and Ripple… Microsoft has also recently announced a brand new cryptocurrency, Microsoft Majorana. Find out more information about it here.
Bitcoin is a digital currency that was created in 2009 and is able to be converted into actual money. A process known as mining transforms complicated numbers into manageable pieces of information for computers and human beings to work with , without involvement from another user. this process allows transactions to be validated by making sure that all bitcoin is sent to the owner of the recently made coins and don’t get duplicated across multiple locations or used twice. Microsoft Majorana can help make our online lives more secure and simpler, too. Imagine that your laptop could automatically verify your identity prior to signing into the bank account. If you just needed only one password for your smartphone or social media accounts as well as bank accounts. And even for future biometric information. Imagine not needing to share passwords with family or friends who need access to their own data on your devices
Complexity Factor of Mining Bitcoin
If we think of mining Bitcoin, it could be a big problem for those who are trying to mine bitcoin at first. To make bitcoin mining, you will need to be equipped with equipment that is reliable and powerful enough to beat other miners. While for the cryptocurrency litecoin, all you require is a processor or graphic card made by Nvidia and AMD. There are cheaper options like Lepton. They cost about $200 and don’t require assembly at all. They can also be purchased by individuals from a variety of nations, which makes them perfect for those looking to start but who can’t purchase expensive equipment like ASICs.
Timestamping on Blockchains
If you’ve been keeping track of the crypto industry for some time you’ve probably been aware of recent developments in the timestamping of blockchains. Particularly an anonymous programmer has suggested a brand new blockchain technology known as Microsoft Majorana which would timestamp transactions by comparing them to each other instead of using blocks each transaction is timestamped by two previous transactions and then ad-hoc meta-data is added to create evidence of the existence of.
Private Keys vs Public Keys Cryptography
Cryptography using public keys (also called Asymmetric encryption) is a type of system that has two keys: one of which is public and the other private. Private data encrypted with a key is only decrypted with its paired public key, whereas the data encrypted using the public key is decrypted using its private key, and reversed. In contrast, with symmetric encryption (also known as symmetric-key, or single-key encryption) the data encrypted by only one key needs to be decrypted using the same key in order to create usable information.
Proof-of-Work vs Proof-of-Stake
Certain cryptocurrencies, like bitcoin, use Proof of Work to protect their blockchain. Others use Proof of Stake or a different consensus method entirely. Lepton uses Proof-of-Stake to confirm transactions and secure the blockchain by selecting the most representative nodes from a set of online nodes, based on their participation in the cryptocurrency’s network. The choice of a node is by the number of coins they have and what percentage of the Lepton supply they hold.