10 Blockchain facts you may not know
Significantly, as a tech-oriented person, you already know what a blockchain is. Yet, some of you may not know about it exactly.
Significantly, as a tech-oriented person, you already know what a blockchain is. Yet, some of you may not know about it exactly.
You may already know about the terms such as proof of work (PoW) and proof of stake (PoS) in relation to bitcoins, Ethereum and EOS cryptocurrency. Each cryptocurrency has a set of unique protocols that determine its operations. What though is Zero-Knowledge-Proof?
By Wirba Brice Divine Ransinyuy. [email protected] Launching and establishing a home based national digital currency or cryptocurrency is actually a very handsome and good idea. It is the best initiative any country can take upon at the moment with the current economic crisis and various regulations actually happening at the moment. Digital transactions took a […]
I see BTC moving down the trend of the past. The stress of understanding and managing is very complex and the fact that its risk are high too make it very frightful to venture in.
The term “smart” in smart contracts may well excite many readers to think they are the ultimate solutions. Perhaps you may think of smartphones and what they are capable of doing. You use smartphones to surf the net, send emails, watch movies, conduct zoom meetings, transact, take pictures and videos, learn, teach, and many other everyday conveniences. While that is smart indeed, does the same apply to blockchain’s smart contracts in their current form?
Facebook has launched a cryptocurrency library that allows users to make international purchases or payments on Messenger and other group platforms from 2020.
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?
The BCB known as Brazilian Central Bank under the named PIX hopes and desires that the Brazilian project consisting of creating a new payment service is going to facilitate and make payments easy.
The whole point of developing cryptocurrencies has been taking control back to the people, the users. Bitcoin and indeed all cryptocurrencies have been developed to empower ordinary users with complete control and easy access to their assets, in this case, money. Thus, the central hold and control of huge financial firms on people’s money have been threatened.
Many banks often function in a typical manner of retailing payments as a part of their role in maintaining the stability and effectiveness of financial systems and keeping the confidence in the used currencies. With the emergence of the new form of currencies, commonly known as digital currencies, it is being examined by different committees and organizations and as such, it has had an immediate and direct impact on payments and market infrastructures.
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