While the developed countries easily adopt these technologies easily because of their educated populace and advanced infrastructure, the developing countries have their own challenges that make them either delay or forego the adoption. This article will highlight the most likely barriers developing countries will likely face in adopting blockchain.
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.
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.
Enterprise blockchain is designed slightly different from private blockchain in general. Remember, there are three main properties that are taken into consideration when designing a blockchain.
Imagine reading adverts and earning at the same time. This is exactly what the basic attention token is all about. How does it work?
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?
In most cases, an appointed road agency collects funds on behalf of the government. However, some government have been reported to use these funds for political campaigns, personal projects and in some cases, the cash disappears in thin air. How can blockchain decentralize and streamline the use of these funds in a transparent manner?
There are three types of cryptocurrencies, namely the self-organizing cryptocurrency, the corporate cryptocurrency and state-based cryptocurrency. This article will highlight some significant differences between them.
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.
Blockchain designing principles have direct implications on the way the blockchain will scale, operate and interact with users. To a larger extent, the chosen design perspective determines how many users can use the blockchain at a given time and how fast transactions can be processed.
