When the bitcoin first appeared eight years ago, it promised a change in payments. People could transact directly with each other without relying on banks – but that promise had not yet been fulfilled and bitcoin had little acceptance.
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?
Every technological breakthrough certainly has its own drawbacks. This is the case with ICOs. How do ICOs compare with venture capital fundraising? This article will consider two possible ways.
Have you ever realized the power of Ethereum? In this article, we will discuss a few applications that the Ethereum blockchain is being used for. With more than 300, 000 developers across the world developing applications using more than 10, 000 nodes, Ethereum’s power is only beginning to be felt.
The whole point of developing cryptocurrencies has been taking control back to the people, the users. Bitcoin and indeed all cryptocurrencies have been developed to empower ordinary users with complete control and easy access to their assets, in this case, money. Thus, the central hold and control of huge financial firms on people’s money have been threatened.
With the introduction of Bitcoin, that has really increased the traffic with the internet. Many have benefited from Bitcoin others have lost to and the number isn’t small. But the funny thing about all this that, this rich scheme model, most world richest are still skeptic about it.
Many IoT systems have a single point of failure. Once that single point of failure is attacked, the whole system becomes compromised. Can blockchain turn the tables?
You may already know about the terms such as proof of work (PoW) and proof of stake (PoS) in relation to bitcoins, Ethereum and EOS cryptocurrency. Each cryptocurrency has a set of unique protocols that determine its operations. What though is Zero-Knowledge-Proof?
Facebook has launched a cryptocurrency library that allows users to make international purchases or payments on Messenger and other group platforms from 2020.
By Wirba Brice Divine Ransinyuy. [email protected] The reality of the blockchain technology and digital currencies is something far enriching and optimistic in terms of financial settlement and financial resolution is the reality we all needed at one point of our lives and the blockchain technology is absolutely giving us such a reality. Though in a […]
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