Tag Archive for: Blockchain Technology

Early Bitcoin – A string of bad history

By Lumai Mubanga. [email protected] The history of Bitcoin is shredded in bad historical “books” partly because of its stringent privacy policy, a policy that made it very difficult to tie digital identities to real world users as well as its decentralization policy, a policy that ensured that no central entity could be summoned to fix […]

Flaws of Blockchain

When we look at present currency and how it is being manage, the introduction of bitcoin and other currencies will just alter that chain of the normal currency and it is going to be more difficult to price goods or allocated goods with prices.

What are some blockchain benefits?

Every game-changer has benefits. Many of us will relate how the internet has revolutionized everything around us. Communication, relationships, finances and a lot more have changed for the better. The same applies to the blockchain. Before we discuss some perceived disadvantages, this article will briefly look at some advantages and benefits of blockchain technology.

Implications of blockchain design models PoW (Part 2)

In part 1, we discussed the implications of using generic and public or private design models on blockchain operations. In part two, we will further discuss the implications of using a chosen consensus algorithm on the operations of a blockchain platform.

Is the current surge in cryptocurrencies, a case of cause and effect?

The financial crisis of 2008 could be defined as an epoch event in the history of humankind that passed and left a trail of unknown effects, effects that would be felt decades after it is even forgotten. One though cannot mention that event without mentioning the banking sector.

Proof of stake consensus – why appealing? Part 2

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.

Libra: Facebook’s currency (part 2)

Money laundering provisions mean a lot to you. Just as any financial arbitrator accepts a new user, Facebook will have to get different authentication information through the online form of any user who wants to access the Calibra wallet user.

Online payment system made easier through cryptocurrency

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 […]

Bitcoin vs Blockchain

By Wirba Brice Divine Ransinyuy. [email protected] Bitcoin is a form of digital currency which falls under cryptocurrencies. It’s just one of the hundred cryptocurrencies that do exist. Though we can note that Bitcoin is the most known and worldly used form of all the cryptocurrencies. Some don’t even know that there are other cryptocurrencies that […]

Blockchain is not a magic bullet for all applications. (part 1)

In spites of all the enthusiasm and hopes brought by blockchain, it is not a magic bullet for every type of problem or challenges. Many applications continue to be developed for different sectors but not all applications will be blockchain-based. This article looks at which applications may or may not be suitable for adoption on the blockchain technology.