Blockchain technology can support banks, insurance, medical and pharmaceutical industries, many other sectors. Centralized majority of “trusted third parties” are banks, notaries, signs, and so on. Can be replaced by a distributed network system in the blockchain.
By Wirba Brice Divine Ransinyuy. [email protected] Editor note from Finmail: The title is slightly revised The world eventually needs a method or a way or medium or a set of codes to protect itself since the majority of global things and affairs are done online, that is virtually. The virtual has obviously taken the hearts […]
By Lumai Mubanga. [email protected] Like any other business venture, bitcoin mining is an expensive enterprise. Unlike some exaggerate low cost projections some sections portray regarding this venture; you need to understand the operational costs of mining bitcoins. Whether you prefer to do it at home with an ASIC hardware or joining the mining pool, you […]
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.
There are many types of blockchain designs and each is built on any of the five pillars we will discuss in this article. However, we hasten to state that there could be something already being developed that will surpass current knowledge.
By Wirba Brice Divine Ransinyuy. [email protected] These two terms the unbanked and the underbanked may seem to be less significant, but they are very much significant in their meaning. They come together to portray the real face of financial services as banks are not often there to bring their support to the poor, they commonly […]
The blockchain development team has acquired a new bitcoin called the Bitcoin Ultimatum (BTCU). The idea developed for BTCU is another cryptocurrency, the beginnings of which are explained by Ethereum.
Southeast Asia, a place for 647.74 million inhabitants, has become a big market for many countries. Blockchain technology becomes one of the best choices to provide a secure transaction. Developing blockchain tech becomes a primary concern for many countries in Southeast Asia.
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?
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.
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