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.
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?
With Blockchain gaining more and more momentum and adaptations across different platform, it appears the technology is just heating up and is yet to reach its climax in ita transformative wave across businesses. This article endeavours to speculate on the possible effects Blockchain will have on businesses in general.
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 […]
The debate as to whether the rise and adoption of blockchain is a natural evolution or a consequence of revolution will be around for some time to come. While others contend that it is a revolution, others strongly feel that it is an evolution because change is inevitable.
This article will explore the early attempts made in search of transaction anonymity, what protocols supported that designs as well as how Monero forked to be what it is today.
Foreign aid disbursements have been a challenge for donor countries for some time. The aid is normally sent to developing countries in war-torn countries, refugee camps and underdeveloped countries especially in Africa, South America and middle east. some of the challenges have been lack of accountability, absence of records and the aid not reaching the intended recipients. Blockchain, however, seems to have been the solution already. This article will discuss how that could be possible and how it is being done.
Much like any other technological development, the crypto space has seen an explosion in the number of companies that have sprang up to directly or indirectly support the ecosystem.
So far, much has been written about blockchain use cases that were never thought about, but have become a reality. Can blockchain be used in Africa to reduce century-old challenges related to its abundant natural resources other than diamonds, emeralds, and other precious minerals?
When bitcoin was invented, it had clear goals of eliminating the controlling financial authorities over personal funds. It aimed to eliminate banks and other financial institutions and give power back to the owners. However, when enterprise blockchain became popularized, blockchain found fertile soils for easy incorporation into its genetic code. Diverse applications resulted.
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