Decentralized finance has immerged as an offshoot from the blockchain. Decentralized finance was probably unknown when bitcoin was first launched. However, it has become prominent with the surge of Ethereum network. What is it all about and is it one of those crypto “circuits” you can explore?
Blockchain is a combination of two long-standing technological developments.The first one is distributed ledger technology, and the second one is cryptography. The same holds true with bitcoins as a cryptocurrency. Its base is the blockchain which sits on the two old technologies. We see how human innovation is truly avoiding reinventing the wheel and the efforts are paying off.
By Lumai Mubanga, [email protected] In his article, I would like to endeavor to answer the question, what is Bitcoin? In answering this question in future articles, I write about the origins and motivations leading to the development of this crypto currency. Later on, I will touch on a number of important concepts related to crypto […]
By Lumai Mubanga. [email protected] In our use of fiat currency like the dollar and many other currencies, we use physical wallets made of leather or other materials to carry our money around. We may not be faced with hard decisions to make when purchasing these wallets. We are in control and we decide when to […]
The greatest benefits blockchain has introduced into database systems is immutability. While data can be added and “updated”, it cannot be deleted or edited. However, does it guarantee the accuracy of the data?
When bitcoin was invented, it had clear goals of eliminating the controlling financial authorities over personal funds. It aimed to eliminate banks and other financial institutions and give power back to the owners. However, when enterprise blockchain became popularized, blockchain found fertile soils for easy incorporation into its genetic code. Diverse applications resulted.
Imagine reading adverts and earning at the same time. This is exactly what the basic attention token is all about. How does it work?
t is not uncommon to read the following headlines in some national and private newspapers: “Retirees protest over unpaid retirement”. This article will discuss how the Ethereum blockchain can solve some of these endemic problems.
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.
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.
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