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 […]

Enterprise blockchain platforms (part 3)

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.

How Blockchain Empowering Book Publishing

In the book’s publishing, traceability and transparency surely become an essential role. Both of these factors are blockchain technology excellences. Its decentralized data and irreversible format could solve problems in book industries.

Libra: Facebook’s currency (part 1)

Facebook has launched a cryptocurrency library that allows users to make international purchases or payments on Messenger and other group platforms from 2020.

Blockchain is responsible for money back

The introduction of blockchain technology changed the general idea of ​​working harder than wealth. However, this issue has helped the economy to some extent.

Is digital currency viewed as fulfilling properties of a currency?

By Wirba Brice Divine Ransinyuy. [email protected] Nowadays, we are living a second created made man world in the name of digital world. Even the things we were not expecting has gone digital. When the internet came to existence, its prime objective was to enable and facilitate communication between people, between parties and between nations. But […]

How blockchain has influence the way people made money back in the past.

With money and in the pass, you were to work very hard to make so much money or to get paid. If you don’t respond or perform well to your job description, you were sacked. But today, that concept and mindset has been changed greatly thanks to blockchain technology.

Is bitcoin really decentralized?

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.

Blockchain is secure and trusted but inefficient

The purpose of innovative solutions is to be more efficient, secure and trusted in comparison to present solutions. While blockchain for sure has proved to be more secure and trustworthy, there seems to be one area in which more innovation is required to polish it up and make it to near perfection. That is the area of efficiency.