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By Lumai Mubanga. [email protected] With B-Money, HashCash and DigiCash having laid the foundation as bitcoin Predecessors, Bitcoin was set to do what no other cryptocurrency before it had ventured to do; create an anonymous, trustless, decentralized currency. Instead of putting trust in any human or human organization, the bitcoin protocol was set to attempt putting […]
Blockchain designing principles have direct implications on the way the blockchain will scale, operate and interact with users. To a larger extent, the chosen design perspective determines how many users can use the blockchain at a given time and how fast transactions can be processed.
by Lumai Mubanga Enterprise blockchain is essentially the type of blockchain intended to empower a private network with some central authority controls that is able to take part in consensus and validate transactions on the network. The rise of enterprise blockchain has been supported different types of enterprise blockchain platforms. Enterprise blockchain platforms exist precisely […]
Tollgates around the world are used as revenue collection points from motorists on behalf of the government. The idea is to prioritize road repair and maintenance without waiting for government budgets. How blockchain can help improve present system works?
By Lumai Mubanga. [email protected] Depending on your level of involvement in the Bitcoin ecosystem, you surely should have either a hot or a cold wallet to conduct transactions. Sending and receiving bitcoins into your wallet requires that you generate a private key were you will receive the bitcoins. Recall that, to successfully transact, you need […]
Blockchain can be used to provide digital services. In monetary transactions, this has been demonstrated in many ways.
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?
As an open source hosted by the Linux foundation, hyperledger cuts across many industries. Unlike bitcoins, it is actually more enterprise focused than any other similar platform. Nevertheless, just how unique is hyperledger?
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 […]
By Lumai Mubanga. [email protected] Almost all decentralized systems have some operational weakness. These weaknesses may result in serious inconsistences that may render the whole system difficult to manage as well as inabilities to censor malicious users. Like any other commercial or financial systems, decentralized systems are not immune to human abuse and misuse. Let’s discuss […]
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