标签存档: Blockchain Technology

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.

Blockchain is not a magic bullet for all applications. (Part 2)

In part one, we stated that blockchain is not the answer or magic bullet for any challenge or problem. This article considers three more.

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 […]

The World Today With Bitcoin

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.

Implications of blockchain design models PoW (Part 2)

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.

How the use of bitcoin or crypto currency has been beneficial to sites or platforms that use these currencies to transact.

With Relation to BITCOIN or CRYPTO currency, sites that use crypto currency to transact are one step ahead of site that don’t.

High profile dapps on Ethereum. Are they for you? (Part 2)

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?

Blockchain and scholarship awards

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?

How CBDC Protect Investor from Fraudulence

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.

Likely barriers to blockchain adoption in developed countries

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.