All types of computer systems are vulnerable in one way or another. For example, the proof of stake algorithm was introduced to solve a specific challenge in the proof of work algorithm. But there are specific attacks unique to PoS. These are long-range attack and stake grinding attack.
The fundamental design models between Ethereum and hyper ledger brings out similarities and differences worth noting. This article will point out fundamental comparisons and why users need to take note of them.
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?
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?
When the internet was born, it proved to be a game-changer in many ways. From education, finance, health and industrial applications, it was hailed as a tool that would change the way we live. In addition, true to that, we have witnessed the truth of those expectations. However, it is far from achieving everyone’s dreams as initially portrayed.
Initial Coin Offerings – ICOs are proving to be among the best fundraising options for huge blockchain projects. Some companies have raised huge amounts of investment capital beyond expectation. But what makes ICOs more innovative than the traditional venture capital? How does this mode of raising capital motivate open source projects?
In this article, we continue to look at that comparison by considering other features that make it unique and adaptable for worldwide use such as distributed, a chain of blocks and process integrity.
Many underdeveloped countries have a huge challenge in accounting for the massive land they own. With millions of hectares of land available largely owned by the state, they lack the mechanism to properly manage, allocate and account for.
Autonomy in blockchain has always been its focus. When the etherium blockchain introduced the use of smart contracts, it became apparent that autonomy on the blockchain was poised for a wider spectrum. How so?
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?
