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.
By Lumai Mubanga. [email protected] There are many current technologies today, whose backbone are distributed systems. We need to understand what distributed systems are to understand blockchain technology. Like many others, blockchain is just a specific type of a distributed system. What are distributed systems and what properties or features do they have that favor the […]
Unlike most advanced economies and systems, Africa lurks far behind in many areas. Few countries really appreciate and trust democratic systems in African countries. This article will discuss the unique challenges faced by many African states and how blockchain may finally overcome some of these challenges.
Imagine reading adverts and earning at the same time. This is exactly what the basic attention token is all about. How does it work?
In parts one and two of “blockchain – what it is”, we discussed why the tech design of blockchain has enabled it to be adaptable for worldwide use and adoption. Unlike the internet, blockchain is all about resource and asset management as opposed to information sharing and determination. But is blockchain infallible? What is it not?
By Wirba Brice Divine Ransinyuy. [email protected] As the world moves on in witnessing daily and various advancements, so it is the same with economical advancements. The world is gaining heights in its entire aspect bringing civilisation to a different and new level. With this in sight, the world has come to experience a new growth […]
Cryptocurrencies have experimented with the use of blockchain for international payments. But countries benefit the most from the use of equality. It is state-sponsored and a fully decentralized digital currency like Bitcoin cannot compete with it.
By Lumai Mubanga. [email protected] They say there is no breakthrough success without frustrating failure. That is very true with the success of Bitcoin. Bitcoin immerged as the first successful cryptocurrency after many attempts by other forerunners who made early attempts. The success of bitcoins paved way for many more altcoins to emerge, thanks to Bitcoin […]
Autonomy in blockchain has always been its focus. When the etherium blockchain introduced the use of smart contracts, it became apparent that autonomy on the blockchain was poised for a wider spectrum. How so?
By Wirba Brice Divine Ransinyuy. [email protected] Cryptocurrency is something which we couldn’t imagine happening in the 21 century as it comes at a time when the world is plagued by different crisis such as climatic changes, economic crisis, political crisis, social crisis with each affecting the stability of the world in its own way. Can […]
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