The words “blockchain” and “distributed ledger technology” sounds like synonyms for most people. Only a few can tell the distinction between this two terms. But DLT is not equal to the blockchain, even though they have so much in common.
Many big companies like IBM, Microsoft, and Coca-Cola have announced interesting blockchain projects using this decentralized ledger technology. So now, both large companies and individuals alike are inspired by blockchain technology. Novice developers are intrigued by how this new technology will further their life’s passions while companies attempt to fill the voids and flaws of […]
The Lightning Network or “Lightning” is basically a payment protocol that runs atop a blockchain (primarily for Bitcoin network), and is added as a kind of the second layer in order to process more transactions and eliminate mining fees. It does so by settling a transaction before it’s published on the blockchain. The reason for […]
Either very clever or extremely risky and possibly both is the phrase which instantly springs to mind with the concept “National” cryptocurrency. Clever for Governments to seek to “own” the blockchain space and potential uses, and extremely risky due to the overall volatility in the market and the sophistication of key players to manipulate it. […]
Decentralization, or the spreading out of control over a network, is the key component of cryptocurrencies. So what happens if a group is able to gain the majority control of a coin’s hashing power? They would have to have at least a 51% of total global hashpower for this to be the case.
Blockchain has become one of the most recognized terms in recent years thanks to the rise of Bitcoin. Many understand that this technology is associated with crypto, but few realize the potential of such a secure ledger technology, which holds the key to a transformation of commerce, information, and governance the world over! Even fewer […]
We have all come across cryptocurrency in some way or other and tried to compare the coins amongst themselves. The basis of these comparisons is often aligned to how popular they have been or how much they have gained for the currency market. Although true to some degree, this would not be an ideal way […]
Cryptocurrency is a form of digital currency based on the principle that a coin occupies a block of digital space. A good guess will lead you to the conclusion that the blockchain is simply a digital ledger where the transactions are recorded chronologically and publicly.