, July 06, 2022

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  Jun 25, 2022

Crypto Usage in the Business World

The fact that cryptocurrency is both a store of value and a medium of exchange emphasizes the relationship between cryptocurrency and the business world. Moreover, because cryptocurrency can be adopted for a wide range of use cases, it is more than just a digital representation of value....

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DLT

  Jun 22, 2022

What is Distributed Ledger Technology (DLT)?

Distributed Ledger Technology refers to the protocols & supporting infrastructure that enables computers to offer & authenticate transactions & update records in a synchronized manner across a network. DLT makes it easier to protect information....

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  Jun 20, 2022

UNSPENT TRANSACTION OUTPUT (UTXO) EXPLAINED

An unspent transaction output (UTXO) is the leftover cryptocurrency in a wallet, following a transaction. So, for example, if you have 10 BTC as your Bitcoin balance, it isn’t just a single unit of 10 BTC but accumulated UTXOs of several leftover balances....

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  Jun 18, 2022

Zero-Knowledge Proofs: STARKS vs. SNARKS explained

Zero-knowledge proof is a cryptographic technology that helps prove a transaction’s validity without revealing the information in that transaction. In other words, a “prover” has to convince a “verifier” that the information sent is true without divulging the information itself....

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  Jun 13, 2022

CeFi vs. DeFi -What is the difference?

CeFi (centralized finance) & DeFi (Decentralized Finance) both have the same goal, i.e., decentralization by giving individuals access to the financial system. However, they achieve these goals in different ways....

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  Jun 12, 2022

What Are Decentralized Applications (dApps)?

dApps is an acronym derived from Decentralized Application. This means that dApps are applications that use Blockchain technology to operate in a decentralized way. dApps are built on a smart contract and a front-end user interface, written in a language that their back-end can understand....

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  Jun 10, 2022

A Beginner's Guide to Atomic Swap

Atomic swaps are highly decentralized and allow crypto asset holders to trade coins directly between blockchains (i.e., an exchange between an Ethereum blockchain and a Bitcoin blockchain). Atomic swaps employ hash timelock contract technology (HTCL)....

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  Jun 10, 2022

WHAT ARE MINING POOLS?

A mining pool involves the collaboration of hundreds or thousands of interdependent miners running the same mining software (client). Since they have cumulatively invested their resources towards mining, they will stand a better chance of earning mining rewards....

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  Jun 09, 2022

HISTORY OF BITCOIN FORKS

A Bitcoin fork is a new version of bitcoin's open-source software, with an upgrade to its underlying technology... a Bitcoin fork happens when two sets of miners cannot reach a consensus on the blockchain update to follow; hence, the blockchain splits into two versions....

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  Jun 08, 2022

WHAT ARE PRIVATE BLOCKCHAINS, AND HOW DO THEY WORK?

A private blockchain is a centralized ledger maintained and controlled by permissioned members of a private organization who oversee and validate all transactions....

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  Jun 07, 2022

What is Blockchain Technology?

The blockchain is a database organized in the form of a chain of blocks, each of which holds a sequence of data. blockchain technology is a digital ledger that records transactions in its most simple form. However, these transaction records can't be tampered with, modified, deleted, or destroyed....

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  Jun 06, 2022

TIPS TO INVESTING IN LIGHTNING NETWORK

...to invest in the lightning network, you must become involved in the network participation of an LN-compatible blockchain by creating a lightning node. A lightning node is a computing unit that interacts with the main blockchain network....

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