How smart contracts enhanced blockchain autonomy

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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?

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Proof of work and desire for decentralization

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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?

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Crypto – Colonialism!

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A cryptocurrency trader by the name of Puerto Rico has moved to Puerto Rico to create a cryptocurrency utopia called Sol. There are some plans to pay taxes there. However, it is not entirely clear when the US (some or less) regions will change.

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

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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.

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Can public blockchain be permissioned?

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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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How powerful is blockchain disintermediation effect?

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Disintermediation is the ability to remove intermediaries in financial transactions to save costs. Blockchain has however demonstrated that intermediaries can be done away with effectively, if not at a lesser cost than is attainable today.

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Proof of work, a “weak” but desired protocol

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The proof of work protocol has been in use for some time and notably for good reasons. Despite its deficiencies in terms of delayed transaction processing speeds, proof of work is considered a deliberate design meant to win the trust of network users. How so?

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Does blockchain immutability guarantee accuracy?

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The greatest benefits blockchain has introduced into database systems is immutability. While data can be added and “updated”, it cannot be deleted or edited. However, does it guarantee the accuracy of the data?

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Existing relation between the blockchain technology and the real estate

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Now, everything takes place between the buyer and seller in all security as functions that were being done by banks and lawyers like payments, listing and legal documentation is now being done by platforms using as technology, the blockchain.

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Is blockchain a natural evolution?

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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.

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