a data structure for storing transactional records while maintaining security, transparency, and decentralization Alternatively, a chain of records maintained in the form of blocks that are not controlled by a single authority.
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 ...
The underlying concept of Vechain is to improve the supply chain of businesses by leveraging on the innovations that blockchain technology offers. Its purpose is quite different compared to other cryptos out there because it is meant to improve the business activities like supply chain processes of both online and ...
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 ...
DeFi has blown up in the past year, and the on-chain activity has been rapidly increasing. The volumes have been so high recently that popular decentralized exchanges like Uniswap can even compete with the volume on some of the centralized exchanges. As of August 2021, there is almost $69 Billion ...
Binance Chain and Binance Smart Chain are different blockchains belonging to the same ecosystem. Binance Coin (BNB) is the native token of the Binance ecosystem. Binance Chain was an earlier version that was fraught with issues that undermined the growth of the ecosystem. It sacrificed some crucial elements to achieve ...
Ethereum pioneered the concept of smart contracts and it remains the most popular smart contract blockchain platform. However, Ethereum is plagued with issues that have continuously discouraged users and even developers from utilizing the functionalities that it offers. Issues like scalability and high transaction fees have made developers seek alternatives. ...
Polygon, a “Layer 2” solution for the Ethereum blockchain was recently rebranded from its original name, Matic Protocol. It is a protocol that can be used to build and link Ethereum-compatible blockchain networks. As an open-source platform, it offers developers the necessary tools to create a sidechain or a standalone ...
Polkadot was created by a co-founder of Ethereum, Dr. Gavin Wood, and it is designed to permit blockchains to easily transfer value in a trustless manner while sharing their peculiar functionalities with one another. A key aspect of Polkadot is its top-notch security. According to the founders of Polkadot, this ...
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 ...
When the term ‘internet’ made waves in the 1990s, it seemed like a mystery to many. But look where we are now; virtually everyone has access to it. Can the same be said for blockchain technology? Though this technology has been around for slightly over a decade, the concept still ...
