Blockchain Technology – A Personal Thought
Some say, blockchain chain technology is transparent. How is this true when the number of black-market transactions keep increasing and being successful with nothing done to stop it.
Some say, blockchain chain technology is transparent. How is this true when the number of black-market transactions keep increasing and being successful with nothing done to stop it.
In part one, we stated that blockchain is not the answer or magic bullet for any challenge or problem. This article considers three more.
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 […]
The fact that this is not traceable it is a bad thing. Because once you make a mistake in transferring so much money to another or bitcoin, someone you don’t know, someone you have no idea about, then consider it a loss.
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.
With Relation to BITCOIN or CRYPTO currency, sites that use crypto currency to transact are one step ahead of site that don’t.
In this article, we will consider another high profile Dapp known as Digix. Digix, unlike Augur, tokenizes Gold on the ethereum network. How did this initiative develop, and how may you get involved?
n some developing countries, the award of scholarships to needy sections of society is not done transparently and fairly. How can blockchain be applied in such situations to bring fairness and transparency in the whole selection and award process?
To gain benefit from cryptocurrency investment trends while keep maintaining the risk, the government in several countries start to create their cryptocurrency. Know as Central Bank Digital Currency (CBDC), a digital form of a national fiat currency claimed by the central bank.
An earlier article looked at the most likely obstacles developing countries are most likely to contend with in adopting blockchain technology in their businesses and government operations. However, this does not mean that all developed countries will easily adopt blockchain as it becomes available.
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