By Lumai Mubanga. [email protected] Almost all decentralized systems have some operational weakness. These weaknesses may result in serious inconsistences that may render the whole system difficult to manage as well as inabilities to censor malicious users. Like any other commercial or financial systems, decentralized systems are not immune to human abuse and misuse. Let’s discuss […]
By Lumai Mubanga. [email protected] With B-Money, HashCash and DigiCash having laid the foundation as bitcoin Predecessors, Bitcoin was set to do what no other cryptocurrency before it had ventured to do; create an anonymous, trustless, decentralized currency. Instead of putting trust in any human or human organization, the bitcoin protocol was set to attempt putting […]
By Lumai Mubanga. [email protected] There are many forms of crypto wallets but basically, they are categorized into two groups as either hot or cold. Hot Wallets Hot wallets are online based but the difference lies in the method of access. Smartphone Apps Some examples of hot wallets are smartphone apps such as Mycelium and AirBitz. […]
With so many cyber-attacks launched against conventional Information systems around the world, resulting in the loss of billions of dollars, many have wondered how secure blockchain really is. This article will provide some insight into how blockchain is designed and secured at the same time.
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.
When bitcoin was invented, it had clear goals of eliminating the controlling financial authorities over personal funds. It aimed to eliminate banks and other financial institutions and give power back to the owners. However, when enterprise blockchain became popularized, blockchain found fertile soils for easy incorporation into its genetic code. Diverse applications resulted.
Defined on the coinmarketcap.com website as an open-source protocol, Ox (ZRX) uses smart contracts to enable peer to peer exchange of tokens. There is a strong belief by the OX creators that everything will eventually be tokenized.
Like any undertaking, ICOs undergo several stages leading to the launch of a token or project. However, it must be acknowledged that there’s a lot of learning still going on in the “tokenomics” world.
The three biggest blockchains have different approaches to tokenization. The Ethereum and bitcoins blockchain hold tokens while the Hyperledger does not. What is the purpose of some tokens on the Ethereum blockchain? How does it differ from other tokens?
As Bitcoin and blockchain grew increasingly popular, banks and large corporations noticed the potential applications of this new technology.
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