Tag: #blockchain

Blockchain is a system for storing information in such a way that it is difficult or impossible to edit, hack, or trick the system. A blockchain is essentially a digital ledger of transactions that is replicated and distributed across the blockchain’s complete network of computer systems.

Application of Blockchain Technology to Finance | DeFi Planet

Application of Blockchain Technology to Finance

Blockchain is already a buzzword. Though the application of this technology to finance has not reached its full potential, adoption is impressive. A recent survey by IBM showed about 91% of banks currently invest in blockchain technology. From JP Morgan to MasterCard and Visa keeping an eye on the crypto ...

Types Of Blockchain Consensus Mechanisms | DeFi Planet

Types Of Blockchain Consensus Mechanisms

The increase in the value of Bitcoin and other cryptocurrencies has led to the rapid development of blockchain technology. The blockchain operates in a decentralized manner where pieces of information are distributed across all nodes connected to the network. The consensus mechanism is an important aspect of keeping records on ...

Introducing The Cardano Blockchain | DeFi Planet

Introducing The Cardano Blockchain

Introduction Cardano is a third-generation blockchain that promises a high level of scalability, making it fast and capable of offering high throughput compared to earlier blockchains. Its sustainability level is linked to the fact that it uses “staking” instead of “mining”. Cardano also has an interoperability feature, making it compatible ...

Types of Blockchain: Pros, Limitations

A blockchain is a digital ledger of transactions or other forms of data that are duplicated and distributed across the entire network of connected computer systems called nodes. Each node has the capacity to verify and initiate transactions before they are added to the blocks. The distribution of the ledger ...

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