Blockchain technology, a culmination of old technologies

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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.

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ICO – a new fundraising innovation

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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?

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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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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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Blockchain is secure and trusted but inefficient

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The purpose of innovative solutions is to be more efficient, secure and trusted in comparison to present solutions. While blockchain for sure has proved to be more secure and trustworthy, there seems to be one area in which more innovation is required to polish it up and make it to near perfection. That is the area of efficiency.

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Turnpikes and blockchain, a way to decentralization.

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In most cases, an appointed road agency collects funds on behalf of the government. However, some government have been reported to use these funds for political campaigns, personal projects and in some cases, the cash disappears in thin air. How can blockchain decentralize and streamline the use of these funds in a transparent manner?

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Why blockchain will appeal to sensitive consumers

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Sensitive users will now be able to purchase any time with a clear conscious because they will have known everything about the product before purchasing it. Indeed, when fully-fledged, sensitive users will find block chain more appealing.

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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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The three pillars of a distributed system

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By Lumai Mubanga. [email protected] In a previous article, I pointed out that distributed systems are the foundation of the bitcoin/block chain technology. It is now common knowledge, despite many current debates for and against this technology that the world is at a verge of a major breakthrough in technological advancement. For example, think for a […]

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Blockchain is not a magic bullet for all application part 3

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In parts 1 and 2, we discussed a number of characteristics required for applications to consider before leveraging blockchain platform for efficiency and robustness. In this article, we round it up with three more criteria for blockchain use.

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