What is Blockchain Technology? Blockchain is a growing list of records collected and put into blocks which are then chained and secured by using cryptography. An immutable decentralized distributed ledger technology that lives in several nodes(computers). What is cryptography? Cryptography is the practice of problem solving techniques or solving codes. Blockchain records are written in … Read moreBlockchain Technology and Its Uses
Forks, a term we hear quite often in the cryptocurrency world, isn’t it? What are forks? Forking implies divergence, division, separation or parting. It could be temporary or permanent. It happens when a blockchain splits or divides into two branches as a result in software update or a division in consensus, which is the process … Read moreHard Forks & Soft Forks
con·sen·sus kənˈsensəs noun general agreement. “a consensus of opinion among judges” synonyms: agreement, harmony, concurrence, accord, unity, unanimity, solidarity; al·go·rithm ˈalɡəˌriT͟Həm noun noun: algorithm; plural noun: algorithms a process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer. “a basic algorithm for division” Consensus Algorithm is … Read moreConsensus Algorithm
Before reading this article, we recommend you read What is Ethereum. Ethereum’s process can be seen as layers and here is our attempt to explain it in very simple terms, non-technical in case you are an expert. So, let’s try do this… First layer is made up of computers processing, sharing and updating data overtime (blockchain). Second is … Read moreHow does Ethereum work?
First, a basic understanding about Ethereum: Ethereum is a platform based on blockchain technology that gives developers a base to create decentralized applications. Smart contracts is one of the main characteristics of Ethereum, it is a computer code that facilitates exchanges of value. Once all criteria are met, the contract will self-execute. And last but not … Read moreEthereum’s Platform Update
Disclaimer: I am a 34-yr. old gal, I work with International Relations, a freelance writer and a translator for a holding company, meaning, I am part of the general public, not a financial adviser, yet a lover of research. I enjoy writing, cake, human behavior and encouraging people to think. I am a newbie in this … Read moreCryptocurrency blockchain ecosystem resistance – Expected indeed