To create a dish, preparing fresh ingredients is a must. The challenging part is to manage ingredients shipment that comes from many places and need to ship fast and accurately. This condition is when blockchain technology needs to help by using blockchain, especially the Ethereum network, the shipment process can be controlled and monitored using its smart contract.
Aside from addressing many bottlenecks associated with proof of work, proof of stake is not without its flaws. For instance, it seem to have introduced its own problems such as the “Rich getting richer”, liquidity issues and the possibility of one changing the history of the block chain.
t is not uncommon to read the following headlines in some national and private newspapers: “Retirees protest over unpaid retirement”. This article will discuss how the Ethereum blockchain can solve some of these endemic problems.
By Lumai Mubanga. [email protected] Ethereum and Bitcoin are the two most popular blockchain platforms in the world today, but have two different goals. In a way, Bitcoin is referred to as the “gold standard” of blockchain. Although it is a well-known fact the founders of bitcoin are unknown as opposed to the founders of Ethereum, […]
Putting all mentioned into consideration, I feel the whole idea about BTC was to benefit a particular class of people. When you look at the rate of 1BTC now, you will see that, or understand that, if you do not invest with huge sums of money, then you will be relegated at the back and benefit just from pennies. Why not cling to the old currency.
In part 1, we focused on one similarity and two types of PoS algorithm. This article will briefly review this and then discuss why proof of stake was introduced.
Today, there are three major problems with how we transact online today: users have low privacy, fraud prevention efforts cost businesses a lot of money, and password-based authentication leads to frequent data breaches. Will the blockchain-based self-sovereign Identity rectify these?
By Wirba Brice Divine Ransinyuy. [email protected] Living in the scope that the world is fending on several things in order to make the livelihood of mankind much better is not something easy as some continents are still far backward. This is notably the case with the African and South American countries. These continents have been […]
Southeast Asia, a place for 647.74 million inhabitants, has become a big market for many countries. Blockchain technology becomes one of the best choices to provide a secure transaction. Developing blockchain tech becomes a primary concern for many countries in Southeast Asia.
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.
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