In part 1, we discussed the implications of using generic and public or private design models on blockchain operations. In part two, we will further discuss the implications of using a chosen consensus algorithm on the operations of a blockchain platform.
This article will explore the early attempts made in search of transaction anonymity, what protocols supported that designs as well as how Monero forked to be what it is today.
Blockchain deals with digital documents and any authentication to be done in the system will demand the use of digital authentication mechanisms. As such, all documentation is ‘stamped’ with digital signatures.
Recently it was announced that the new launch Ethereum 2.0 will adopt the proof of stake algorithm. Why could this algorithm be more appealing?
Disintermediation is the ability to remove intermediaries in financial transactions to save costs. Blockchain has however demonstrated that intermediaries can be done away with effectively, if not at a lesser cost than is attainable today.
The three biggest blockchains have different approaches to tokenization. The Ethereum and bitcoins blockchain hold tokens while the Hyperledger does not. What is the purpose of some tokens on the Ethereum blockchain? How does it differ from other tokens?
African is well known for its mineral wealth many of which is rare, expensive, and in high demand. However, Africa is also well known for civil strife especially in areas where these minerals are found. One mineral that was recently classified as a conflict mineral is tantalum.
In the previous article entitled “Blockchain technology, a culmination of old technologies” we discussed two old technologies on which blockchain is built. These are cryptography and distributed systems. In this article, we move a step further to discuss additional features that have made blockchain what it is today.
Cook County is one of the most populous counties in the US with a population of about 5 million. However, it had many challenges in terms of real estate management. In 2017, it embarked on a vicious project to adopt blockchain to manage its real estates. However, what were some of the main reasons? Can other states and countries worldwide learn from it?
One critical problem that the world faced sometime back was the use of diamonds to fund rebel groups against governments. Such diamonds were referred to as conflict diamonds, or “blood diamonds.” Africa was full of news related to this in the DRC, Central African Republic and Sierra Leon.
