how “new” is the new way the Ox protocol work with regard to the exchange coins? If you know, the person you want to trade with, all you need is to send an Ox order via messenger or email. Then, all they need to do is accept the order and execute.
The insurance market is one of the largest and dynamic industries. It is one industry where quick decisions need to be made based on real and authentic data as well an industry fraught with fraud, inefficiency and unprocessed claims amounting to billions of dollars. How will blockchain technology help such an industry?
Disintermediation is the ability to remove intermediaries in financial transactions to save costs. Blockchain has however demonstrated that intermediaries can be done away with effectively, if not at a lesser cost than is attainable today.
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.
Have you ever realized the power of Ethereum? In this article, we will discuss a few applications that the Ethereum blockchain is being used for. With more than 300, 000 developers across the world developing applications using more than 10, 000 nodes, Ethereum’s power is only beginning to be felt.
The proof of work protocol has been in use for some time and notably for good reasons. Despite its deficiencies in terms of delayed transaction processing speeds, proof of work is considered a deliberate design meant to win the trust of network users. 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?
Blockchain technology is just rising and its full wider adoption is yet a few years from now. However, could there be some unintended consequences of using Blockchain, more so on a wider scale?
Enterprise blockchain is designed slightly different from private blockchain in general. Remember, there are three main properties that are taken into consideration when designing a blockchain.
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.
