Why people may be turning to blockchain for financial trust

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After the 2007 to 2009 financial meltdown that left millions financially stranded and asset-stripped, people seemed to have gained a measure of trust to blockchain and cryptocurrencies that came on board almost immediately.

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Blockchain design – the 5 perspectives to consider.

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There are many types of blockchain designs and each is built on any of the five pillars we will discuss in this article. However, we hasten to state that there could be something already being developed that will surpass current knowledge.

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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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Bitcoin & Blockchain communities

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Bitcoin and Blockchain history have proved to be a story of rapid transformation. After initial scandals in the industry, the fledging technology emerged and rose in value to attract the attention of JP Morgan Chase and the mushrooming of reputable companies that support the ecosystem.

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Validating transactions in crypto space

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By Lumai Mubanga. [email protected] The absence of a central control master in cryptocurrencies creates the question of who validates transactions when making or receiving payments. This article explains how Bitcoin transactions and other cryptocurrencies are validated. Let us begin with the traditional banking transaction scenario. The client’s fund is aggregated into one count. When a […]

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Crypto wallet choice – your responsibility

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By Lumai Mubanga. [email protected] In our use of fiat currency like the dollar and many other currencies, we use physical wallets made of leather or other materials to carry our money around. We may not be faced with hard decisions to make when purchasing these wallets. We are in control and we decide when to […]

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Can cryptocurrency be legal tender?

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by Lumai Mubanga Legal tender is usually government-issued and controlled. It is regarded, as a national assert recognized and used as legal tender in other neighbouring countries. Legal tender is also regarded as national pride and a sign of sovereignty. Some more powerful legal tender currencies like the US Dollar are also used as reserve […]

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Enterprise blockchain platforms (part 3)

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The need for more centralization and a choice of consensus mechanisms are among the critical factors that determine the success of individual enterprise blockchains. There are arguments that this compromises on the security feature as opposed to decentralization and scalability.

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What are some blockchain benefits?

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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.

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Proof of stake consensus – why appealing? Part 2

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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.

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