Entries by Mubanga LUMAI

Are smart contracts really smart or not?

A smart contract is a term familiar with blockchain technology. It sounds futuristic, exciting, and promising. The term was coined by a computer scientist in the 1990s even before the advent of blockchain as we know it today. It is simply a computer protocol, some lines of code that automatically execute a specified action, like releasing a payment, when certain conditions are fulfilled. But are smart contracts in their current form really smart?

Will Cryptocurrencies democratize everything?

The well-known immediate effect of cryptocurrencies in our world today has been its decentralization of finances sector. However, could this successful decentralization of some financial transactions lead to more decentralization or democratization of other spheres of day-to-day life?

What is Initial Coin Offerings – ICO

Since the inception of cryptocurrencies, initial coin offering has become a buzz word, if not a household name for cryptocurrency enthusiasts. Other cryptocurrency hobbyists simply wonder what it is all about. This article will briefly explain what ICO is and why you may be the next interesting beneficiary.

Blockchain indexing – a marvelous feat!

The graph has immerged as that blockchain “search engine” equivalent to google… it is a protocol developed to specifically index and make queries on blockchain data. As a blockchain user, you have much to explore and learn about the Graph.

Blockchain and the music industry

The music industry is yet another sector that could benefit immensely from Blockchain technology once adopted and fully implemented. This is another sector poised to benefit more from the potential offered by smart contracts. It is one industry with so many intermediaries and the elimination of some of these could prove beneficial.

How secure is blockchain?

With so many cyber-attacks launched against conventional Information systems around the world, resulting in the loss of billions of dollars, many have wondered how secure blockchain really is. This article will provide some insight into how blockchain is designed and secured at the same time.

Enterprise blockchain platforms (part 3)

The need for more centralization and a choice of consensus mechanisms are among the critical factors that determine the success of individual enterprise blockchains. There are arguments that this compromises on the security feature as opposed to decentralization and scalability.