A smart contract in simple language

The blockchain technology has introduced many terminologies. Common terminologies associated with this include blockchain itself, micropayments, digital currency, and cryptocurrency, halving bitcoins, trust protocols and smart contracts. If you are new to blockchain technology, surely you have a lot to learn. This article will look at smart contracts in simple terms.

Blockchain and the stock exchange

If after hours trading refers to the case of trading, what’s stopping financial institutions from enabling after hours trading online today?

Are smart contracts in their current form the ultimate?

The term “smart” in smart contracts may well excite many readers to think they are the ultimate solutions. Perhaps you may think of smartphones and what they are capable of doing. You use smartphones to surf the net, send emails, watch movies, conduct zoom meetings, transact, take pictures and videos, learn, teach, and many other everyday conveniences. While that is smart indeed, does the same apply to blockchain’s smart contracts in their current form?

Can cryptocurrency be legal tender?

by Lumai Mubanga Legal tender is usually government-issued and controlled. It is regarded, as a national assert recognized and used as legal tender in other neighbouring countries. Legal tender is also regarded as national pride and a sign of sovereignty. Some more powerful legal tender currencies like the US Dollar are also used as reserve […]

Was Bitspark another blockchain-based bubble?

When it comes to adopting blockchain applications, there is usually a cultural lag in many societies. It took several years for millions of people to start using the internet and its various services. However, it appears blockchain adoption may take a similar root, with some countries catching up perhaps decades from now.

Suitable business models to leverage blockchain

When the internet became widely adopted, it was clear that many companies were going to adopt it. Today, almost all companies, learning institutions and government agencies have adopted the internet and benefit from its services. Can the same be said of blockchain?

Cryptocurrency industry – A personal experience

By Lumai Mubanga. [email protected] Editor note from Finmail: The title is slightly updated to reflect the content. I woke up to the world of cryptocurrency in 2016, at the time when Bitcoins were gaining momentum and its market value was increasing. Out of sheer curiosity, I jumped into the band wagon, with no clue to […]

How blockchain can help Africa reduce natural resource depletion

So far, much has been written about blockchain use cases that were never thought about, but have become a reality. Can blockchain be used in Africa to reduce century-old challenges related to its abundant natural resources other than diamonds, emeralds, and other precious minerals?

Fundamental comparisons between hyperledger and ethereum (part 2)

In part (2), we will consider three more aspects, namely the consensus mechanisms, processing times, and privacy. This will throw more light on the dynamics of blockchain technology and highlight the reason why no one platform is the answer to all challenges.

Digital signature schemes – How they work?

By Lumai Mubanga. [email protected] All cryptocurrency users have two types of digital signatures. These are private and public keys. Recall that both messages and transactions are sent over the Bitcoin network pseudonymously and trustlessly. This is achieved partly through the use of digital signatures. Transactions contained in previous blocks of the blockchain are tamper-proof, meaning […]