Olivie Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based systems, such as Bitcoin, which require miners to use substantial amounts of computing power to solve complex mathematical problems in order to validate transactions and create new blocks, a PoS system requires users … Read more
Balance Sheet: Components and Examples What is the main purpose of balance sheet? The balance sheet is one of the most important financial statements for a business. It provides a snapshot of a company’s assets, liabilities, and equity at a particular point in time. The balance sheet can be used to assess the financial health … Read more
Dodd-Frank Act: What It Does, Components, Criticisms. What is one of the reasons why the Dodd-Frank Act created the Consumer Financial Protection Bureau? The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in response to the financial crisis of 2007-2008. The Act created the Consumer Financial Protection Bureau (CFPB) as an independent agency … Read more
