In parts 1 and 2, we discussed a number of characteristics required for applications to consider before leveraging blockchain platform for efficiency and robustness. In this article, we round it up with three more criteria for blockchain use.
Secret societies and other underground groupings involved in both illicit and dangerous activities are usually associated with anonymity and pseudonymity connotations. Secret organizations and underground groupings do not want to be tracked and latter prosecuted. Anonymity is thus a protection mechanism.
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.
The only problem that could be faced here is during the imputation of the data. If the data is collected wrongly, then they are to do nearly everything wrongly. The problem are HUMANs.
All types of computer systems are vulnerable in one way or another. For example, the proof of stake algorithm was introduced to solve a specific challenge in the proof of work algorithm. But there are specific attacks unique to PoS. These are long-range attack and stake grinding attack.
The main challenges affecting health care institutions, especially ones where they have diverse clientele dotted in different locations is keeping trusted data in sync. With thousands of payments and claims to be made each day, they need a system that can quickly process, sync, minimize any serious errors, and provide an accurate record of trusted data.
By Wirba Brice Divine Ransinyuy. [email protected] Cryptocurrency is a form of digital currency that uses cryptography for security and anti-counterfeiting measures. It can also be known in normal terms as a digital or virtual currency which aims as a medium of exchange. In the other hand, cryptography involves the use of codes to solve an […]
It is of no new knowledge that the main predominance of the blockchain technology is the financial world and its various systems. The blockchain technology is so much involve in the financial world in such a way that it needs to have the highest security in terms of protection of user’s data and information.
By Wirba Brice Divine Ransinyuy. [email protected] Bitcoin is a form of digital currency which falls under cryptocurrencies. It’s just one of the hundred cryptocurrencies that do exist. Though we can note that Bitcoin is the most known and worldly used form of all the cryptocurrencies. Some don’t even know that there are other cryptocurrencies that […]
The proof of work protocol has been in use for some time and notably for good reasons. Despite its deficiencies in terms of delayed transaction processing speeds, proof of work is considered a deliberate design meant to win the trust of network users. How so?
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