Entries by Mubanga LUMAI

Can cryptocurrency be legal tender?

by Lumai Mubanga Legal tender is usually government-issued and controlled. It is regarded, as a national assert recognized and used as legal tender in other neighbouring countries. Legal tender is also regarded as national pride and a sign of sovereignty. Some more powerful legal tender currencies like the US Dollar are also used as reserve […]

The Philosophy behind ox – zrx token

Defined on the coinmarketcap.com website as an open-source protocol, Ox (ZRX) uses smart contracts to enable peer to peer exchange of tokens. There is a strong belief by the OX creators that everything will eventually be tokenized.

Blockchain and the music industry

The music industry is yet another sector that could benefit immensely from Blockchain technology once adopted and fully implemented. This is another sector poised to benefit more from the potential offered by smart contracts. It is one industry with so many intermediaries and the elimination of some of these could prove beneficial.

Blockchain is not a magic bullet for all applications. (part 1)

In spites of all the enthusiasm and hopes brought by blockchain, it is not a magic bullet for every type of problem or challenges. Many applications continue to be developed for different sectors but not all applications will be blockchain-based. This article looks at which applications may or may not be suitable for adoption on the blockchain technology.

Pitfalls of proof of stake consensus part 2

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.

Blockchain indexing – a marvelous feat!

The graph has immerged as that blockchain “search engine” equivalent to google… it is a protocol developed to specifically index and make queries on blockchain data. As a blockchain user, you have much to explore and learn about the Graph.