Blockchain is a combination of two long-standing technological developments.The first one is distributed ledger technology, and the second one is cryptography. The same holds true with bitcoins as a cryptocurrency. Its base is the blockchain which sits on the two old technologies. We see how human innovation is truly avoiding reinventing the wheel and the efforts are paying off.
By Lumai Mubanga. [email protected] In my previous article, I pointed out that bitcoins have been inspired by the ideals of the Cypherpunks and libertarians. However, who were the Cypherpunks and what where the central ideals that influenced the creation of Bitcoins? According to the Wikipedia, they are activists advocating widespread use of strong cryptography and […]
Although proof of work protocol had served the blockchain community faithfully since its inception with bitcoin, its inability to scale and its support for centralization were some of the identified weaknesses. How is the proof of work protocol perceived as supporting centralization?
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.
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.
Initial Coin Offerings – ICOs are proving to be among the best fundraising options for huge blockchain projects. Some companies have raised huge amounts of investment capital beyond expectation. But what makes ICOs more innovative than the traditional venture capital? How does this mode of raising capital motivate open source projects?
The crypto space has seen an increase in alternative Cryptocurrencies besides the Bitcoin. Why was the phrase “Bitcoin bubble” coined? What are altcoins and what value do they bring to the ever widening crypto space?
By Lumai Mubanga. [email protected] There are different types of Bitcoin users, from the very basic user to the most advanced users. It is very important for users to understand at what level they are involved in the cryptocurrency space in order to derive the most benefits from the system. It’s all about knowing how the […]
In this article, we will consider another high profile Dapp known as Digix. Digix, unlike Augur, tokenizes Gold on the ethereum network. How did this initiative develop, and how may you get involved?
We often refer to the public blockchain when discussing bitcoin, Ethereum and other related platforms. Can public blockchain be used for permissioned solutions? Can public blockchain be permissioned?
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